Gate Learn Weekly Must-Read ! Bitcoin Hash Ribbon, Blockchain Network Congestion, Base Blockchain and Vegas Tunnel

2023-09-17 14:39:08 UTC
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Gate Learn has released 18 new articles this week !

In blockchain technology, Chromia stands as a relational blockchain platform facilitating the easy construction of dApps and even DeFi; Blockchain Network Congestion refers to transaction delays and high fees occurring when transactions exceed capacity. The Metis Andromeda is a second-layer solution developed by Metis DAC for the Ethereum blockchain; Selfkey is a self-sovereign identity platform that allows users to protect their data from third-party interference securely. Then, we have the Arpa network, which enables the sharing and analysis of data without compromising data privacy, courtesy of its innovative secure multiparty computation (SMPC). Moreover, by leveraging on-chain data analytics platforms, users can reduce the time needed to organize raw data, and facilitate more convenient and comprehensive analysis of on-chain activities/projects/transactions, etc.

Project overviews encompass LADYS, a meme coin created purely for entertainment without intrinsic value or expected earnings; ArbDoge.AI, an experiment conducted on the Arbitrum network involving a group of AI "organisms"; Klever, a multifaceted and secure crypto wallet supporting leading blockchains in the crypto industry; Trias, a decentralized infrastructure committed to offering trustworthy and dependable cloud computing; UniswapX, which guarantees traders the best market rates by aggregating liquidity sources both on and off the chain; NumerAi, a new kind of hedge fund built using AI technology; and Base, an Ethereum L2 public chain incubated by Coinbase and developed based on OP Stack.

In the DeFi sector, we see the Venus Protocol, striving to bridge the gap between traditional financial lending and decentralized protocols, taking advantage of the BNB Chain to bypass the speed and cost issues of Ethereum.

In the metaverse, we'll discuss MetFi, aiming to emerge as the first global metaverse and Web3 incubator offering a decentralized financial (DeFi) utility ecosystem for startups through NFT.

Lastly, in the trading knowledge segment, buying Bitcoin following the appearance of buying signals in hash ribbons almost invariably yields substantial returns for investors; cryptocurrency tax accounting methods are utilized to determine the cost basis and calculate capital gains and losses in tax reports; the Vegas tunnel assists investors in securing decent profits in long-term investments without the need to constantly monitor the markets.

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- Bitcoin Hash Ribbon, A Nearly Fail-Safe Bitcoin Buy Signal

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Gate Team
September 17th, 2023