Blocks are downloaded serially from specific peers, but a node can download blocks from multiple peers at the same time, effectively downloading blocks in parallel. This parallel download involves downloading different blocks from different peers, rather than downloading different parts of the same block from different peers. This design allows nodes to download the blockchain faster because they are not limited by the upload speed of a single peer. It also adds a layer of redundancy. Even if blocks are downloaded in parallel, they must be processed sequentially. This is essential for nodes to maintain accurate information about existing, unspent…
Author: Crypto Flexs
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The CAKE token issued by PancakeSwap recently recorded an incredible increase of 54% in just 7 days, which is a notable event in the blockchain and decentralized finance (DeFi) industry. PancakeSwap’s growing reputation in the decentralized finance industry is evidenced by the fact that the token’s market value has reached approximately $900 million, with a fully diluted value of $1.3 billion. Strategically Burn Tokens The strategic choice made by PancakeSwap to perform a token burn on December 26 resulted in the destruction of over 10 million CAKE tokens, worth approximately $34 million. This had a significant impact on the CAKE…
Data from an on-chain analytics platform shows that whales are paying attention to two altcoins: Chainlink (LINK) and Maker (MKR). Bitcoin (BTC) dominance has been on the decline for about a month. However, the BTC price did not fall significantly. This suggests that whales are cycling funds from BTC to altcoins. Will Chainlink (LINK) become whales’ favorite altcoin again? According to data from Spotonchain, whale wallet 0x8ead withdrew 136,146 LINK worth about $2.05 million from Binance on Wednesday. The platform also shows that whales have withdrawn a total of 348,007 LINK worth $5.58 million over the past nine days. Finally,…
The total value of Swell, a liquid staking protocol, was fixed at double this month to 108,000 ether, worth about $245 million.Since the beginning of December, Swell has recorded approximately $125 million in ETH deposits, making it the fourth largest liquid staking protocol. According to Dune data compiled by Dragonfly analyst Hildobby, the protocol currently lags behind major protocols such as Lido with 9 million ETH, Rocket Pool with 846,000 ETH, and Frax with 236,000 ETH.The surge in Swell inflows coincides with the team issuing swETH, a liquid staking token, and announcing “Pearl” rewards in the form of points for…
Infosys, one of the leading information technology service providers, suffered a major blow when the multinational company decided to cancel a $1.5 billion memorandum of understanding (MOU) centered on artificial intelligence solutions. This agreement, which was first negotiated as a 15-year agreement in September 2023, expires, bringing significant changes to the way Infosys leads the company. Changes in the information technology services industry’s technology budget and demand environment were reflected in the company’s disclosure of the incident in an exchange filing on December 23. Announced on September 14, 2023, the transaction aims to enhance digital experiences and modernize enterprise processes…
If you enjoyed GameArt’s Road to Christmas, stay tuned. Because we’re heading straight into one of the most grueling matchups of the year with them in the Top 100 tournament. This is like the final boss level of 2023. At this level you can share in a huge prize pool of €100,000. From December 29 to January 7, we don’t just ring in the new year. It’s about winning big and starting 2024 with deep pockets and a good feeling. Whether you’re a slots slinging pro or just looking to have fun, The Top 100 is your chance to make…
Michael Saylor’s MicroStrategy currently holds about 189,150 bitcoins, worth over $8 billion as of December 27. According to Michael Saylor, who founded the company in 1989, MicroStrategy purchased an additional 14,620 bitcoins (BTC) at an average price of $42,110 per coin. expenditure Recent BTC purchases amounted to $615.7 million. Saylor began purchasing BTC in 2020 following the global pandemic as he sought to mitigate “the eroding threat of inflation.” MicroStrategy has since put about $5.9 billion into Bitcoin. Saylor’s investment strategy means the company has acquired the cryptocurrency’s top tokens through a mix of cash, debt and equity, generating around…
In today’s roundup, we are excited to introduce four beneficiaries of recent local grants in Japan! We see Ethereum as an ever-growing, creative, and inclusive playground, and it is our responsibility to ensure everyone can continue to play. Committing to public goods or new use cases without a quick financial return is challenging, and it is important to support dedicated teams working to solve interesting problems, improve public infrastructure, and build creative blockchain use cases. In this round of local grants, the Ethereum Foundation is excited to spotlight local communities actively working to demonstrate the potential of decentralized technologies. zk…
bitcoin BTC +0.73% It continues to face price correction risk due to selling pressure from short-term holders and illiquid market conditions over the holiday period, one analyst said.“We expect more losses if short-holders and retail leverage continue to play a dominant role in the market and lead to continued downside in a relatively illiquid holiday season market environment,” Bitfinex head of derivatives Jag Kooner told The Block. He said.Bitcoin price correction riskAccording to Kuehner, Bitcoin is at risk of a price correction above $44,000. The analyst said this level serves as a take-profit point for medium-term holders, which are individuals…
As the January 10, 2024 deadline for the Securities and Exchange Commission (SEC) to make a decision on Bitcoin exchange-traded fund (ETF) applications approaches, the cryptocurrency and financial world is seeing a possible moment: Be historic. There has been a lot of speculation and debate among investors, legal experts, and industry observers as a result of this decision, which is critical to the future of cryptocurrency trading in the mainstream market. Navigating your way through legally and strategically complex cases Fred Rispoli, a prominent legal expert in the cryptocurrency space, is at the forefront of the conversation. He is contributing…