StarkNet was developed to enhance the scalability, security, and efficiency of cryptocurrencies. This cryptocurrency utilizes algorithms that process transactions without calculating each one on the blockchain. This approach significantly reduces network load and speeds up transaction processing. Zero-Knowledge proofs, which underpin StarkNet, work on the principle that the proving party…
The Immutable Layer-2 solution is a scaling protocol for NFT on Ethereum and Web3 games, significantly improving performance and reducing blockchain network fees. The token provided by Immutable is called IMX and has strong potential to surpass its all-time high (ATH). Like other Layer-2 tokens, IMX is highly dependent on…
In the world of cryptocurrencies, particularly in decentralized finance (DeFi), every step is essential to ensure higher network bandwidth and ease of use. In this context, it is worth considering the Mantle token (MNT), which is one of the advanced Layer-2 solutions on the Ethereum platform. The Main Advantages of…
Optimism (OPUSD) is a Layer-2 scaling solution for Ethereum that aims to increase transaction speed and reduce cost by using the so-called Optimistic Rollup technology. This allows secondary chains to process transactions outside the main Ethereum blockchain and then send data back to ensure security and finality. The Optimism project…
Arbitrum (ARBUSD) is a Layer-2 solution for Ethereum (ETHUSD), aiming to tackle the network’s scaling issues caused by limited bandwidth and high fees. Arbitrum achieves these goals with the help of Rollup technology, processing transactions off-chain and consolidating data sets before returning them to the main Ethereum blockchain. Data Availability…
Polygon, formerly Matic Network, is a scalable multi-chain network linked to the Ethereum blockchain. This project aims to speed up and reduce transaction costs in the Ethereum ecosystem using Layer 2 technologies. The network token, MATIC, serves various purposes such as voting on management decisions, covering transactions, and ensuring security…
Top activities related to incentivized testnets and retrodrops 🌐 Here at CryptoTotem, we’re dedicated to providing you with comprehensive, systematic research on the most promising blockchain startups – absolutely free! We have recently launched our own Telegram channel, where we decided to emphasize the most popular activities related to incentive…
The iGaming sector has emerged as a significant driver in the adoption of cryptocurrencies, playing a pivotal role in expanding their mainstream acceptance. By embracing cryptocurrencies as a means of payment and incorporating blockchain technology, iGaming platforms have provided users with secure, transparent, and efficient transaction methods. It also makes…
Despite the fact that the forex market is the largest financial market, it is still largely unregulated in many regions. Though, it is important to note that there are international and local forex regulators that monitor the activities of forex brokers in certain regions or countries. To trade forex, retail…
In the last decade crypto has exploded and become the internet’s gold rush. Nowadays everyone wants a piece of the crypto pie. For the real tech guys, there’s mining for crypto coins like Bitcoin or Ethereum, but for the everyday man it is much easier to just buy and sell…