1. How Babylon unlocks the secure value of Bitcoin?
In the modular blockchain era led by Ethereum, providing security services through the integration of Data Availability (DA) layer is no longer a novel concept. Currently, introducing the concept of shared security through staking has provided a new dimension to the modular space – utilizing the potential of “digital gold and silver” to offer security across Bitcoin, Ethereum, and numerous blockchain protocols and public chains. This narrative is quite grand, as it not only unlocks the liquidity of trillions of dollars worth of assets but also serves as a key factor in future scalability solutions. For example, the recent Bitcoin staking protocol Babylon and Ethereum re-staking protocol EigenLayer raised $70 million and $100 million respectively, showcasing strong support from leading venture capital firms in this space.
2. A quick look at EigenLayer’s AVS ecosystem
Actively Validated Services (AVS) blend the scale of web2 with the trust of web3, ushering in the next iteration of the internet: distributed systems and custodial assets. In this article, we will quickly explore EigenLayer’s AVS ecosystem.
3. Prague-Electra (Pectra): The next upgrade for Ethereum explained
The Pectra upgrade, following the “Dencun” which is a merge of Deneb and Cancun upgrades, is set to take place in March 2024. Technically, Dencun is an Ethereum hard fork aimed at reducing transaction fees for Layer 2 solutions. Pectra marks a new milestone on Ethereum’s development roadmap, scheduled to go live in the first quarter of 2025. This timeline allows for the inclusion of other features to enhance the Ethereum user experience (UX).
4. Settling the dust: How to strategically position premium addresses in the Bitcoin ecosystem?
Gone are the days of windfall gains. Strategically positioning premium addresses in the Bitcoin ecosystem is a planned, low-cost long-term project, rather than a fleeting interest after seeing others receive airdrops. Maintaining premium addresses must be a deliberate operation ingrained in one’s core, making it easier to persist in the long run. With minimal costs, aim for maximum returns. The most crucial resource: addresses. What defines a premium address?
5. 3 indicators suggest that the downward trend in Ethereum price is not over yet
After the approval of the Ethereum Exchange-Traded Fund (ETF), Ethereum surged to $3,972, but in the past week, it has underperformed compared to Bitcoin and the broader cryptocurrency market, experiencing a 10% decline. This has led traders to question whether the downward trend of altcoins has come to an end.