Crypto Great | Bitcoin | DeFi

2021-06-01 11:25:00 ​​Mirror Protocol (MIR)

Mirror Protocol brings real-world assets, like blue-chip stocks and the S&P 500, to the blockchain. Mirror also gives investors access to assets that aren’t available in their jurisdiction. The protocol aims to enable 24/7 equities trading worldwide by using its synthetic assets.

Mirror runs on the Terra Luna blockchain that utilizes Cosmos’ Tendermint and SDK framework. This blockchain gives it the speed, security, scalability, and cost efficiency Mirror Protocol needs.

This month, the team has been working hard to provide on-ramps for the MIR token. It’s creating liquidity, use cases, and giving investors the availability to buy MIR.

Mirror has also gotten exposure to mainstream crypto investors with its recent listings on major exchanges such as Coinbase, Cryptocom app, and KuCoin’s futures platform. Investors can easily buy MIR through multiple services.

And we expect to see an increase in demand for the token as a result.

On the adoption side, over $1.24 billion in assets have been minted on the platform. That’s a 434% increase in assets in three months. And more assets minted on the platform help generate profits for MIR token holders.

This major adoption of the MIR token has seen its price rise over 200% since we recommended it in February. With each month, investors are seeing the benefits of holding the MIR token, and the value of our investment increases. Open / Comment

2021-05-28 10:24:00 Polygon (MATIC) (3 Part)

The Risks of Polygon
Polygon isn't the only blockchain project that is fast, low-cost, and EVM compatible. Harmony has a similar two-second block time and extremely low fees. Another Layer 2 blockchain called xDAI is also being developed for speed and low fees with EVM compatibility. However, xDAI only has $16 million of total value locked ("TVL") on its sidechain. That's about one-twelfth the size of Polygon's $200 million TVL. But xDAI has attracted a number of projects to adopt its technology, so it could grow rapidly.

While TVL isn't a perfect predictor of future use, it's an accurate gauge of the network effect. So Polygon should grow faster than xDAI because Polygon is already seeing more usage. Another risk Polygon faces is from Ethereum.

Everyone is trying to solve Ethereum's major problems of cost and speed – even Ethereum itself. One possibility is Ethereum 2.0 – when Ethereum will break its blockchain into "shards" – a series of blockchains that run parallel and are kept in synch by a "beacon chain." But it will still be a while before Ethereum 2.0 launches.

Until Ethereum 2.0 launches, Ethereum Improvement Proposal #1559 (EIP 1559) has been proposed to drastically reduce Ethereum network fees. If EIP 1559 reduces fees, it could be a possible threat to Polygon. But we have to keep two things in mind...

First, the Ethereum developer community has reached a "rough consensus" to implement EIP 1559 and add it to the Ethereum code in July. So it's still months away. And it's impossible to predict what will happen to the Ethereum network if EIP 1559 slashes fees without increasing throughput. Ethereum's network is already crowded. If you slash fees, the crowding will likely get even worse.

We don't know what the Ethereum miners would do in response. Remember, the fees Ethereum miners have been collecting have been growing lately. That's bad for users, but great for miners. As someone who has mined Ethereum in the past, I think the prospect of earning
signicantly lower fees for processing more transactions will make miners disconnect from the Ethereum network. This could have unpredictable and wide-ranging consequences for the network, so it can't be taken lightly. Whatever solution Ethereum launches, it will have to account for high enough fees to satisfy the miners. That means EIP 1559 isn't going to make Polygon useless.

How Big Could Polygon Get?
Because gas fees have become extremely high, the adoption of Layer 2 solutions could happen faster than anyone expects.

With the launch of optimistic rollups and zk-rollups, we could see a mass migration of popular DApps like Uniswap (UNI) and Synthetix (SNX) move from the main Ethereum blockchain onto much faster Layer 2 solutions. If that happens, exchanges like Coinbase and BinanceUS will likely support deposits and withdrawals directly from and to Layer 2 solutions as well. Many users who start investing in crypto a year from now may never touch a DApp that's running on the main Ethereum blockchain. Instead, their rst interactions could be with Layer 2 solutions. And Polygon could be the leader in this space. We believe Polygon could see at least a fourfold increase – and possible as much as a sevenfold increase – in as little as 24 months. Open / Comment

2021-05-26 15:06:43 The Mercor Finance IDO is almost live!!!

1. Make sure to complete KYC on blockpass:

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2. Stake a minimum of 50 $START tokens on

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Date: 26th of May
Time: 13:00 GMT
Listing on Pancakeswap: 17:00 GMT

Mercor Finance Community

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Mercor Finance Website

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Let’s rock! Open / Comment

2021-05-26 11:25:00 ​​Polygon (MATIC) (2 Part)

Matic runs on the Plasma framework, which gives it compatibility with Ethereum and Ethereum tokens. Matic has its own token, called MATIC, and its own security model. Specically, it uses a proof-of-stake consensus mechanism, which means users must hold and post MATIC as a "stake" or bond before they're allowed to post transactions to the blockchain. If they post honest transactions, they earn interest or income from the Matic network. If they post dishonest transactions, they could have their stake stripped from them. Matic doesn't stop there, though. It also uses a second consensus method called the Plasma framework to ensure interoperability with the main Ethereum blockchain.

A huge advantage of the sidechain model is speed and scaling. Transactions can be posted to the blockchain in two seconds, and the sidechain could theoretically scale to multiple blockchains and process millions of transactions per second. At the moment, Ethereum can handle about 70 transactions every 13 seconds. MATIC tokens are governance tokens for all of Polygon's services. As we said, they're also the payment mechanism for transactions on the Matic sidechain.

Since Matic is connected to Ethereum, it accrues usage and value to the main Ethereum network. That's not just good for Ethereum investors... we believe it will help the project attract developers who would rather build on Ethereum than competing blockchains. It's growing rapidly, with more than $200 million locked on it. And a growing number of apps are integrating its technology. Polygon developers are hard at work on a new suite of tools, the Polygon SDK, which will give anyone the ability to roll out their own blockchain as a sidechain or Layer 2 on Ethereum. This will give Ethereum developers abilities similar to those on Cosmos and Polkadot.

Polygon Is Already Changing Industries
As we said, Polygon is like a one-stop shop that developers can use to get essentially any sort of scaling or security solution they need integrated with Ethereum. That includes sidechains, which have their own tokens and security models, and Layer 2 solutions, which inherit security directly from the main Ethereum blockchain. It will also include stand-alone blockchains that are compatible with Ethereum technology – or the Ethereum Virtual Machine ("EVM") – and also Polkadot's parachains and Cosmos' zones. Parachains and zones both increase the number of transactions that can safely be conducted on Polkadot and Cosmos in the way that sharding will eventually for Ethereum 2.0 (more on this later).

The focus for Polygon right now is on sidechains like its own blockchain, Matic. Matic is already home to more than 30 apps. They run the gamut from trading platforms to gaming, social networks, and digital collectibles. They include:
Polymarket: A predictions market that saw more than $10 million in trading volume around the time of the U.S. presidential election in 2020
Injective Protocol: A decentralized platform for derivatives trading that is in testnet and will soon launch its mainnet.
Terra Virtua: an immersive, blockchain-driven virtual reality entertainment platform.
Right now, all the growth for Polygon is in Ethereum compatibility. But that won't always be the case. That's why Polygon is also building solutions that will be compatible with Cosmos and Polkadot. Transactions on those blockchains will be cheaper and faster and will benet users of EVM compatible services. A good example is digital collectibles.

Most people have a good understanding of collectible items. But when it comes to digital collectibles, it's hard to process how something like a digital picture or drawing could be kept scarce. The answer is by attaching a provably scarce token. This proves that the item is unique. These tokens are usually referred to as non-fungible tokens ("NFTs"). They're nonfungible because each one is unique or very limited. Open / Comment

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2021-05-24 10:47:00 Polygon (MATIC) (1 Part)

We've previously written about several projects attempting to offer fast, low-cost crypto transactions – like model portfolio holdings Cosmos (ATOM), Harmony, Binance Coin (BNB), and DigiByte. Polkadot (DOT) – a top ve crypto by market cap – is also working to offer fast, low-cost transactions.

But as Ethereum fees have increased, we've also seen users and projects begin migrating to other blockchains known as "Layer 2" solutions.

If you think of the Ethereum network itself as the base layer, or "Layer 1," then Layer 2 are simpler, more lightweight solutions that run on top of that base layer. It sounds great, but it's becoming increasingly clear that there will not always be a Layer 2 solution that scales Ethereum... and that there will be no single blockchain for everything.

So, we live in a multichain world where Layer 1 blockchains like Ethereum, bitcoin, Polkadot, and Cosmos must coexist with Layer 2 solutions.

Virtually all of the complaints about Ethereum are that it is too expensive to use and transactions take too long. Some take so long to complete that they end up failing, even after a user pays fees. It only makes sense that the dozens of projects working on Layer 2 solutions for ETH are focusing on either lower fees, faster transactions, or both.

The thousands of blockchains (and the blockchains that run on top of them) can be confusing and overwhelming not just for users like us, but for developers as well. A huge number of sidechains are being developed, and they all have fancy, sci- sounding names:
Proof-of-stake chains
Plasma
Zk-Rollups
Optimistic Rollups
All of these scaling solutions for Ethereum come with unique benets and trade-offs. And the simple fact is that what works for one project might not work for another. That makes the landscape of scaling solutions a mess to navigate.

Polygon hopes to streamline and interconnect all of Ethereum's Layer 2 solutions. We believe it could become a key building block for the entire ecosystem. Here's what has us so excited about it...

Polygon is the "Swiss Army Knife" of scaling solutions on top of Ethereum. Developers can go to Polygon and pick whichever solution works for them. That will eventually include all of the leading scaling solutions today, as well as sidechains and custom solutions for unique situations.

There is already a wide range of scaling solutions live or in development now. The most common are sidechains, or blockchains that are compatible with Ethereum but have their own tokens and security models. Polygon's Matic blockchain is a good example of that. Open / Comment

2021-05-20 11:47:00 ​​LTO Network (LTO) (2 Part)

How LTO Could Grow by 10X
As we write, there are currently 275,526,445 LTO tokens in circulation and LTO has a market cap of around $147 million.

Because we know LTO Network is used an average of 100,000 times every 24 hours (based on the chart above), we can do a quick back-of-the-envelope comparison to show how undervalued that is. Blocktivity info lists other top 25 blockchains with a similar number of transactions to LTO. On average, their market caps are 10 times larger than LTO.

If LTO simply catches up to its peers, its market cap would soar to $1.5 billion. That would make LTO a top 60 market cap coin.

Best of all, with every transaction that happens on LTO, 0.1 LTO tokens are destroyed. This deation puts upward price pressure on the tokens by making them scarcer. So as demand increases, the tokens get rarer. Put simply, as more customers use LTO for more transactions, we expect the token price to increase.

Given the project's current growth rate, we believe LTO tokens could easily soar 10 times within the next 12 to 24 months as more businesses begin adopting its technology. Now, LTO does face competition. It's not the only crypto project building business-tobusiness solutions. But LTO has something a lot of smaller projects don't... active customers.

And its solutions are already getting real-world use.

I realize business-to-business solutions aren't as exciting as bitcoin becoming gold 2.0 or Ethereum replacing traditional nance. But often, the greatest gains can be found in quieter, less exciting sectors.

Cisco Systems (CSCO) is a great example. It makes hardware for networking. There's nothing exotic about it, but everyone needs hardware. That's why Cisco was briey the world's most valuable company during the dot-com bubble.

Something similar could happen with LTO. It's bringing blockchain to businesses in ways that they can use right now. Open / Comment

2021-05-18 11:35:00 ​​LTO Network (LTO) (1 Part)

LTO Network is a system built from the ground up to be its own chain by combining the best features of other chains. It's powered by the LTO token. The blockchain isn't proof-of-work like bitcoin, Ethereum, and DigiByte. Rather, LTO calls it leased proof of importance ("LPoI"). It means small participants can earn rewards like a PoS chain, but the more active you are, the more important you are to the system... And you're
rewarded more than passive stakers. There are other differences, too. LTO is not focusing on DeFi, payment processing, or smart contracts.

Instead, it's focusing on data security and collaboration for organizations – data management and security, document management, tracking workows inside and outside organizations, and connecting systems. So it's a perfect t for VIDT. LTO has partnered with VIDT Datalink to launch authenticated artwork and to verify and publish sensor data from smart chips that are manufactured by IBM.

This is our opportunity...
Because LTO has focused on business-to-business products and services, it has been difcult for it to grow in the midst of a pandemic.
While there's no way to know exactly how many businesses have been impacted by the lockdowns and curfews from COVID-19, Forbes has reported that tens of thousands of shops, restaurants, and ofces are closing. Whatever the number is, 2020 was awful for businesses. But as businesses eventually go back to full speed, they'll have to worry about data management again. And in Europe, where LTO is focusing on near-term growth, that means staying in compliance with General Data Protection Regulation ("GDPR").

GDPR is the collection of rules, laws, and regulations that protects European Union citizens' data from the companies and organizations that interact with them. If you deal with data in Europe, you want to stay in compliance to stay out of trouble. This is where LTO shines. Its network is built to protect data by keeping it private enough to meet GDPR standards, but it's also veriable with immutable timestamps saved to the public
blockchain. One of the most interesting examples of securely tracking data with LTO is a "smart" medical bracelet it has developed with AratosMedica. These bracelets are linked to secure blockchain data that include a patient's medical records. That's how secure LTO's blockchain is.

And while LTO has had trouble growing in this challenging environment, it's still staying busy. Its customers include VIDT, medical-record holders, notaries, waste transporters, and diamond merchants. According to Blocktivity info, LTO is one of the world's top 25 blockchains by number of network transactions. So it has something most other blockchains can only dream of – real-world usage. As we'll show, that should translate directly into higher prices for LTO. Open / Comment

2021-05-14 10:47:00 DSLA Protocol's (DSLA) (3 Part)

The Risks and Potential Rewards of DSLA

We expect validators to get more efcient as the industry matures. They'll transition from hobbyists to professional shops with 24/7 teams. If that happens, there's a risk of validation services becoming too centralized. Everyone will want to delegate their tokens to one or two big players who might offer their own insurance or compensation systems if something goes wrong.

However, that risk can actually play to DSLA's advantage. Blockchains must remain decentralized so they can be neutral and trustworthy. If one or two companies run all the validators in the world, you can't really call a blockchain decentralized. But a truly decentralized solution like DSLA can ensure that users can choose to delegate to a lesserknown validator without risking their crypto holdings.

DSLA also needs to nd market demand and onboard enough validators to become the industry standard. We believe that's possible. DSLA recently partnered with Band Protocol, Cosmos, Harmony, and Polkadot to offer staking insurance on all those blockchains. If DSLA expands to other chains as well, it could easily become an industry standard that supports all PoS networks.

The project is still operating on a testnet. It's scheduled to launch on the Ethereum mainnet as early as the last week of March (contingent on successful security audits). And insuring delegators could just be one of many markets for DSLA. See, most of the world will never care about staking and validators. The real test for DSLA is if it can take what it has built and open it up for other industries like traditional insurance, royalties, risk pools, leases, and currency swaps. The list of transactions that could benet from DSLA is endless.

If we add together the combined market caps of all the leading PoS networks (including Ethereum, which is in the process of converting to PoS), we're looking at more than $300 billion in value. If staking on those networks pays out an average of 10%, that's $30 billion that could use some form of insurance.

DSLA will help protect that valuable stream of income. And the more usage it gets, the scarcer the tokens become. That's because DSLA has a built-in token burn function. Once it launches its mainnet, any bonus claims involving liquidity pools that contain DSLA tokens will trigger a DSLA utility burn.

Currently valued at a market cap of just $50 million, we think DSLA could grow to a $500 million market cap within three years. That would be a 10X return. Open / Comment

2021-05-12 11:35:00 ​​DSLA Protocol's (DSLA) (2 Part)

The DSLA token automates the entire SLA process by turning it into a smart contract. Every party has a stake in a "circular economy." Here's an example of how it can work:

1. A service provider or validator stakes DSLA in a compensation pool as a sign of good faith that it will operate honestly.
2. Third parties can delegate tokens to that validator by signing and staking to its DSLA contract.
3. If the validator operates without incident, it receives a steady stream of DSLA from the compensation pool. If the validator suffers an outage that violates the SLA, it's docked DSLA and affected users can then claim that DSLA as compensation for any losses they
may have incurred.

The DSLA token is required to access DSLA's Stacktical platform. Once users have access to the platform, they can run scalability tests or predictions on their computer code, form compensations pools, create public decentralized service-level agreements, indemnify users when a performance failure happens, and reward teams for hitting performance goals.

We believe this type of automated insurance will be used by virtually all proof-of-stake ("PoS") networks, and eventually for other blockchain-related use cases like insuring deposits on smart contract platforms. This insurance is what crypto needs to move from an asset class worth hundreds of billions to one that's worth tens of trillions. Open / Comment