Activity in Layer 2 blockchains 🧐
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Rumor has it that one of the major trends of 2023 will be the L2 blockchain sector. As various dApps gain momentum, base-level congestion will make it more expensive to use Ethereum. Technologies such as zk rollup and optimistic rollup could be the key to scaling the network without losing its security and decentralization.

In our infographic today, you can see the leaders of this segment and understand what technology each carries.

We will briefly describe the main differences of these very technologies:

🔵Sidechains are fully Ethereum-compatible independent blockchains with their own consensus algorithm (their own validators). To simplify, they are the optimized brother of Ethereum, which operates independently of it but uses the same engine (Ethereum Virtual Masine). It allows to move assets between chains to process different transactions, and contracts deployed in Ethereum's network can be used in its Sidechain as well.

🔵In general, Rollup technology is a scalability solution for Ethereum that executes transactions in an external chain (layer 2). The results of those transactions themselves are placed at layer 1 in a special smart contract. This approach gives low gas fees and almost instantaneous transactions.

🔵Zero Knowledge Rollups. The integrity of validators is verified using a mathematical proof with zero disclosure - SNARK. Only this brief non-interactive knowledge argument is passed to the base level. ZK Rollups have a very high speed, but today, it is difficult to transfer to them already existing on the L1 smart contracts. This technology is preferred by many developers, including Vitalik and Polygon guys!

🔵Optimistic Rollups. They work on the same principle, but instead of checking every transaction at level 2, the core network just broadcasts them "optimistically" assuming they are legitimate if no one disputes it. The main advantage of such rollups is that it is easy to migrate existing smart contracts to them. You can see this in Optimism and Arbitrum - these leading "optimistic" projects have already saved over a billion dollars of user money on commissions! The downside of the technology is that if fraud is suspected, verification can take up to 2 weeks.

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Bad trades are perfectly normal if they follow a plan, strategy or process.

Bad trades are a mistake if they are impulsive, random or emotional.

#Trading

Title : " mindset "
THE NEW PSYCHOLOGY OF SUCCESS
by ... Carol S. Dweck, Ph.D.
How we can
learn to fulfil
our potential

* parenting
* business
* school
* relationships

» » The Total Book « «

Negative thoughts destroy your body

Negative thoughts put your body in stress and can play a bad joke on you. Pessimists frequently have higher blood pressure, elevated levels of cholesterol in the blood, their heart aches more often.

If you are under stress:
1) Liver begins to process the stored glycine into glucose (fuel for the whole body). Completely useless work, if in fact there is nowhere to run and no one to beat.

2) Blood vessels reduce, which slowdowns food processing and urine production. This is good only when you really need to fight or run, not when you worry about something.

3) The spinal cord triggers an alarm signal, bringing all your internal organs on high alert to all the bad things that can happen. That means that body tuned more on negative than positive things.

4) Heartbeat quickens, blood pressure jumps up. Pro-inflammatory cytokines enter the bloodstream - molecules that provoke atherosclerosis. In simple words this causes sclerosis in long period - your memory won't be good.

So when you are in stress stop for a minute and remember what is happening in your body.

Find yourself a mentor

Find a mentor in sphere which you want to develop and you will see gorgeous results even after a month with mentor.

Mentor can help you assess your strengths and weaknesses, as well as help you develop skills for success and a long-range career plan. He or she can boost your work Mentor can provide a fresh perspective — a new way of looking at a problem or issue. You can also bounce ideas off your mentor.

You can find mentor everywhere: in the social medias, proffesional forums, in your workplace. Don't afraid that people won't help you - people like to teach because when you teach you're also learning.

Decide what you need in a mentor — what skills you’d like to develop with your mentor’s assistance. Consider your goals in choosing a mentor. Think about what characteristics you’re looking for in a mentor.

Later your mentor could turn into great colleague and you will form a strong team.

🇮🇩 Indonesia’s Berkah Digital And Alchemy Pay Secure License For Crypto Transactions

Berkah Digital, a fintech company based in Indonesia, and Alchemy Pay, a blockchain-based payments platform, have jointly obtained a license from the Indonesian government to operate in the country. This announcement was made in a recent press release from Alchemy Pay. The license enables the two companies to conduct digital payments in Indonesia, a market with a population of over 270 million people and a rapidly growing digital economy. According to the press release, the license will allow Berkah Digital and Alchemy Pay to “develop, distribute and operate digital payment services in compliance with Indonesian law.”. Berkah Digital, on the other hand, is a relatively new player in the fintech space but has already made significant inroads in Indonesia. The company’s mission is to empower micro, small and medium enterprises (MSMEs).

Artificial Intelligence (AI) projects in crypto 🔠

The rumor that AI could dramatically change the market in all sectors has intensified thanks to the popularity of OpenAI and applications such as ChatGPT. This trend has also spread to the crypto industry, which has seen a surge in the price of tokens associated with AI projects.

➡️Alex Svanevik (CEO Nansen) believes that artificial intelligence will be integrated into cryptocurrency applications to significantly improve the user experience. He explained that cryptoprojects will start integrating AI technology similar to the way Bing (Microsoft's search engine) teamed up with ChatGPT.

➡️For his part, André Cronje (Fantom Funder) said on his Twitter that crypto and AI are incompatible:

"Blockchain = slow but transparent and secure. AI = fast bandwidth, opaque, black box. I need to make it clear that these two things are incompatible. Blockchains do not improve AI in the same way that AI does not improve blockchains."

With the rise in popularity of AI, you may have noticed such a curious thing. Projects that until recently were unaware of Artificial Intelligence technology have begun to dramatically "incorporate" it into their product. This raises a question: do they do it in order to get a buzz and attract more users OR is there something really revolutionary behind their AI developments?

➡️But if we abstract away from the vague prospects and look at the existing product, the situation is quite interesting. At the moment there are a lot of AI services that solve the problems of artists, designers, copywriters, etc. And this plays to the advantage for us cryptans as well. There are opportunities to:
- getting WL for art using a neural network;
- write articles about projects for Ambassador programs through GPT.

#Crypto #Trading 🚀@Busines_Insight

How to be a better person: ❗️

- Humbleness over arrogance
- Kindness over rudeness
- Mentoring over dictating
- Listening over speaking
- Giving over taking
- Helping over manipulating
- Guiding over misleading
- Nurturing over abusing
- Giving wings over taking down

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