Gamza Khanzadaev

XRP Ledger passes major test in quest to surpass Ethereum's dominance

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XPPL Labs has made a breakthrough in its efforts to enhance XRP Ledger and establish it as a strong competitor to Ethereum. Its most recent accomplishment involves the successful conclusion of a comprehensive security audit on the Hooks amendment, a vital element that will expand the range of services available to users.

In partnership with cybersecurity firm FYEO, the cutting-edge framework underwent an external security evaluation. The primary aim of this audit was to obtain an impartial assessment of the overall security status of the amendment and identify any potential risks or vulnerabilities.

The assessment was conducted remotely from Jan. 31 to March 14, 2023, and the results were extremely positive. XRPL Labs has reported that no significant security issues were uncovered. Although a few moderate and several minor issues were detected, the team of developers promptly addressed and resolved them.

According to Wietse Wind, a prominent ecosystem developer, Hooks play a pivotal role in bridging the gap between XRPL and Ethereum. This amendment allows for the creation of customized logic and automation within the core ledger, granting transactions increased intelligence and convenience.

By incorporating the amendment, users gain the ability to add tailored on-ledger functionalities, exercise control over transaction flow, generate new transactions and retrieve information from the ledger. Hooks brings smart contract capabilities to XRP Ledger's foundational layer, significantly enhancing the ecosystem's inherent capabilities.

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XRP Ledger Hits New Milestone as It Prepares to Dethrone Ethereum - U.Today

Vladislav Sopov

Crypto analyst Morgan 'Mo' Bennett shares his views on four possible scenarios of hypothetical 'flippening' in 2025-2026

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Independent cryptocurrency analyst shared the charts of Bitcoin (BTC) and Ethereum (ETH) "domination," i.e., the percentage of net crypto segment market cap. He indicated two trend lines that may display the timeline of "flippening" much-anticipated by the Ethereum (ETH) community.

Morgan Bennett tracked the dynamics of the share of Bitcoin (BTC) and Ethereum (ETH) market capitalization compared to the entire cryptocurrencies segment. Although he cannot call himself a "fan" of technical analysis, he is sure that two trends are obvious: Bitcoin's (BTC) domination shrinks while the Ethereum (ETH) one grows.

Should both trend lines be valid, the "flippening" might happen in the next two or three years. On the chart by Bennett, it takes place in Q4, 2026. Thanks to the growing size of the altcoin market, both cryptocurrencies will be responsible for 23-24% by the moment of "flippening."

Ethereum (ETH) can surpass Bitcoin (BTC) "gently," "gradually," "suddenly" or both cryptocurrencies can fall victim to the "Digital Gold" narrative disappearing.

By press time, Bitcoin (BTC), the largest cryptocurrency, is in charge of over 46.2% of cryptocurrency market capitalization, while Ethereum's (ETH) share exceeds 19.5%. The third largest cryptocurrency, the U.S. Dollar Tether (USDT) stablecoin, totals 7.36% of net crypto market cap.

Bitcoin (BTC) and Ethereum (ETH), two largest cryptocurrencies, were at the closest point to "flippening" six years ago, in mid-June 2017. Bitcoin (BTC) was in charge of 37% of the market, and Ethereum's (ETH) capitalization comprised 32%.

By contrast, in September 2019, Bitcoin's (BTC) market cap was 10x larger than that of Ethereum (ETH) since the latter was much more affected by the Crypto Winter of 2018-2020.

The followers of Bennett agreed with his calculations. However, some of them stressed that they are tired of "flippening" narratives that have been discussed here and there since the launch of Ethereum (ETH) in June 2015.

Prominent DeFi analyst and influencerChris Blec, author of the Blec Report project, says that in general, Bitcoin (BTC) has all chances of being surpassed by Ethereum (ETH), but the accuracy of the aforementioned model should not be overestimated:

Bennett agreed with this point of view, but added that it is impossible to find a function that does not predict the flippening even if Ethereum's (ETH) dominance at the start was considered 0.

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Ethereum (ETH) Might Finally Surpass Bitcoin (BTC) by Market Cap, Analyst Displays Four Scenarios - U.Today

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Decentralized Finance (DeFi) originated from the Ethereum blockchain and enjoyed a meteoric rise between the summer of 2020 to the start of 2021. Despite being acknowledged as one of the biggest sectors in crypto and possessing the potential to replace traditional finance, there has been a drop-off in interest in DeFi.

The crypto bear market of 2021, liquidity issues, faulty tokenomics, and lack of security with some DeFi protocols contributed to the low interest in DeFi. There is now a new wave of DeFi protocols, like the hybrid exchange platform introduced by Tradecurve that fixes the liquidity, tokenomics, and security issues of DeFi. How can this kind of project revive interest in DeFi and Ethereum?

DeFi may have become very popular for having the potential to change how traditional finance operates, but the sector isnt without some notable flaws. Below are some of the flaws in DeFi identified by industry experts that have led to the decline in interest in the sector:

Liquidity is an important aspect of the success of every financial sector as it influences how easily an asset can be bought or sold. The higher the liquidity, the less likely the price of the asset can be manipulated while low liquidity leads to extremely high market volatility, with easily manipulated prices.

DeFi struggles with liquidity because the sector is relatively new and has projects, causing most users to avoid such projects. Tradecurve will be solving this issue by tapping into the forex market with daily trade volumes of over $7.5 trillion and the derivatives market with a notional value of $632 trillion. The massive liquidity that passes through these markets is more than enough to rejuvenate interest in DeFi and Ethereum.

Another reason why the DeFi sector has slowed down is the inability of projects to generate sustainable income from a meaningful business model. Most DeFi protocols only attract users when they offer rewards. However, Tradecurve is creating a model which has already begun attracting users because it is the first exchange platform where users will be able to trade crypto, forex, CMDs, options, forex, and other global financial instruments from a single account.

While the influx of users is already being seen in the Ethereum community, DeFi protocols can use this as a blueprint to create projects that dont require rewards to attract users. This will allow DeFi projects to generate sustainable revenue, leading to the overall growth of the Ethereum blockchain.

Multiple experts have highlighted the tokenomics of DeFi protocols as one problem that often leads to the failure of many projects on Ethereum. The tokenomics structure of most DeFi protocols is likened to Ponzi schemes. To solve this problem, Tradecurve launches with a tried-and-tested tokenomic structure.

Tradcurve has a total supply of 1,800,000,000, 40% issued via public presale, 15% reserved for the team & founders, 14% for the reserve, 10% for listings, 10% for marketing, 9% to be burnt, and 2% for the legal and advisory team. Now in presale, you can buy the TCRV token for as low as $0.015 per token.

If you are interested in the Tradecurve (TCRV) presale check the links below for more information:

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

*This article was paid for Cryptonomist did not write the article or test the platform.

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Tradecurve Can Revive DeFi and Ethereum - The Cryptonomist

Ethereum struggled to erase losses from the SECs enforcement action on two of the largest crypto exchanges in the ecosystem, Binance and Coinbase. The altcoins price climbed back above the key $1,800 level; ETH is trading at $1,877 at the time of writing.

While mainstream cryptocurrencies took a hit after the US financial regulators actions, Layer 2 tokens, Optimism (OP), Arbitrum (ARB) and Immutable X (IMX) yielded gains for holders. The price rallies in Layer 2 tokens are likely a spillover effect of decentralized exchanges popularity after the legal woes faced by Binance and Coinbase.

Ethereum networks largest scaling solution, MATIC, wiped out its gains from the past week in response to the US Securities & Exchange Commissions (SEC) crackdown on the token. The SEC deemed MATIC a security in its lawsuit against both crypto exchanges Binance and Coinbase.

MATIC whales are shedding their holdings of the Layer 2 tokens and the selling pressure on Polygons native crypto is climbing across crypto exchange platforms. This could result in further losses for MATIC holders in the short term.

Coinbase is still reeling from the bearishness of the last two days as its stock attempts to recover. But as the worlds second-biggest cryptocurrency exchange bounces back, it seems to have found a way to bring the Securities and Exchange Commission (SEC) to answer some crucial questions it has been avoiding for a year now.

The Chief Executive Officer (CEO) of Coinbase, Paul Grewal, tweeted on June 6 that the Third Circuit issued a short order in Coinbases mandamus action today. The court brought the order forward following the SECs announcement of filing a lawsuit against Coinbase for violating Securities laws.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Cryptocurrencies Price Prediction: Ethereum, MATIC European Wrap 7 June - FXStreet

Ethereum layer-2 (L2) scaling solution Arbitrum stopped processing transactions on June 7 because its sequencer faced a bug in the batch poster. The incident only lasted for an hour.

The crypto community and Ethereum devs are discussing the fact that Ethereum L2 scaling solution Arbitrum had to stop processing transactions. It turns out that the network had to pause transaction processing because the sequencer encountered a bug that prevented it from posting batches on-chain.

Arbitrum stopped processing transactions for about an hour on June 7. It has come to be known that the sequencer which bundles transactions faced a bug that prevented it from posting batches on-chain. It was a pretty jarring revelation to some, as it showed that one single bit of the pipeline could halt the network.

The Arbitrum Developers Twitter account stated that the Sequencers batch poster was responsible for the issue. It was because of the bug in the batch poster that some transactions could not be posted for a while. They emphasized that it was not because there was a lack of funds to pay for gas fees.

Arbitrums (ARB) price hasnt dropped by too much, showing that it was largely unaffected by the incident. The token is down by 4.9% to $1.12, down from $1.18.

Layer 2 scaling solutions like Arbitrum have been surging in popularity as authorities crack down on the crypto industry. The SEC has sued both Binance and Coinbase, which sent shockwaves throughout the crypto world. These are among the SECs biggest targets yet.

During this time, L2 solutions have been surging in price. They have all beaten the rest of the market, with Optimsitim and ImmutableX both seeing price rises between 3% and 6% in the past few days.

Ethereum scaling solution Arbitrum is far from the only L2 project that has been making headlines. It did recently open a vote for a budget proposal. It focused on transparency reporting with respect to the 7.5% of ARB tokens distributed to the Foundations Administrative Budget Wallet.

Optimisms price rise could be because of its mainnet migration to Bedrock, which concluded on June 7. The upgrade reduces deposit-confirmation time from 10 minutes to 1 minute and lowers gas fees by 40%.

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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Ethereum L2 Arbitrum Hit With Sequencer Bug, Halting the Network - BeInCrypto