Warum jeder zockt

Blocos consistentemente cheios são a principal razão pela qual os preços do gás atingiram níveis históricos.

Um relatório do provedor de análise Coin Metrics investigou o mundo das taxas de transação Ethererum, observando que elas ainda estão nos níveis mais altos de todos os tempos e que mesmo uma atualização de rede muito prometida não deve aliviar o problema.

De acordo com o Ethereum Gas Report da Coin Metrics, as taxas médias no Ethereum foram consistentemente acima de US $ 10 na maior parte de 2021

Comparativamente, a taxa de transação média do Ethereum atingiu apenas US $ 5,70 no auge da corrida de touros 2017/2018.

Atribuiu parte deste aumento ao próprio aumento dos preços da Bitcoin System, que tornará o gás mais caro. Desde o início de 2021, a ETH subiu 125% aos preços atuais, apesar de uma correção de 19% de seu máximo histórico de US $ 2.050. No entanto, no mesmo período, o preço médio do gás aumentou 532%.

Diferentes tipos de transações requerem diferentes quantidades de gás – uma simples transferência de token ERC-20 usa muito menos gás do que uma operação de contrato inteligente complexa para um market maker automatizado, por exemplo.

No entanto, observou que, em vez de o DeFi ser a causa raiz das altas taxas do gás, trata-se simplesmente de mais transações em geral

“Desde janeiro de 2020, a quantidade de gás usado por transação apresentou tendência de queda. Isso mostra que o aumento da complexidade das transações não é responsável por altas taxas de transação. ”
As transações de Ethereum são atualmente leiloadas, com aqueles que pagam mais gás tendo a prioridade do minerador e obtendo transações mais rápidas do que aqueles que estabeleceram um limite de gás inferior.

O relatório observou que as taxas altas atuais são porque os blocos estão consistentemente cheios, em torno de 95%, e tem estado assim desde meados de 2020 e o boom do DeFi. Para março de 2021, os blocos Ethereum estavam 97% -98% cheios, descobriu a pesquisa.

What a year 2020 for Ethereum! Ethereum 2.0 phase 0, DeFi and democratization , Ethereum could hardly ask for better. Now that we’ve just stepped into the new year, we’re able to take a closer look at the expectations for 2021, and how Ethereum’s year might turn out.

DeFi continues its path

Haaaa the DeFi, how to miss this ecosystem after its performance in 2020! In view of the constant evolution that DeFi has undergone in 2020 , it is a safe bet that the ecosystem will continue to be talked about in 2021 .

Obviously, the year 2021 could turn the current ranking of Bitcoin Formula projects upside down , with the arrival of new projects , or the evolution of others.

Unfortunately, the DeFi craze in 2020 has also resulted in a huge number of hacks and attacks of all kinds . Among these attacks, the reentrancy attack was one of the most common.

So, for the year 2021, we can hope that smart contract developers as well as investors learn from the mistakes of the past and that better practices are put in place . For example, the systematic audit of smart contracts , the regular absence of which was unfortunately the cause of too many hacks in 2020.

This maturation will be necessary for Ethereum. If the community as a whole doesn’t apply best practices better, DeFi on Ethereum could well see its reputation tarnished once again.

Phase 1 of Ethereum 2.0

Impossible to talk about Ethereum, without broaching the subject Ethereum 2.0. Indeed, phase 0 of Ethereum 2.0 was deployed on December 1.

This phase is the first in a series of three phases spanning several years .

Thus, after phase 0 which aimed to set up the beacon chain, the backbone of Ethereum 2.0. Phase 1 will introduce shard chains.

These shard chains, or simply shards , have the particularity of allowing the network to be divided into a multitude of subnetworks , responsible for independently processing their data. As such, they are an integral part of Ethereum’s scaling strategy.

According to the announcements of the Ethereum foundation, phase 1 could see the light of day in 2021 . However, Ethereum 2.0 is subscribed to delays and it is not excluded that these deadlines are not met.

Democratization of second layer solutions

Although excellent for Ethereum, the year 2020 still had its hiccups . For example, the network has found itself congested too many times, resulting in significant increases in transaction costs .

These periods of paralysis for the network had many harmful effects and, in addition to annoying users, resulted in the loss of several million dollars .

Thus, we can hope that 2021 will be the year of the democratization of second-layer solutions . Indeed, although Ethereum 2.0 is supposed to solve Ethereum’s scalability and performance issues, this update will not be fully deployed in 2022, or even in 2023. Thus, it is essential to put in place solutions while waiting. its deployment.

In 2020, many advancements were made on Ethereum’s second layer solutions. We can notably cite the work carried out by OMG Network , DiversiFi and Loopring .

Many DeFi giants have already announced their desire to migrate their applications to the second layer, such as Uniswap , Aave or Synthetix .

An individual has successfully exploited a flaw in the Cover protocol’s smart contract, allowing him to forge 40 trillion COVER tokens. The token’s price quickly collapsed by over 90%, from $ 700 to $ 50 in just 2 hours.

Crypto’s Jerome Powell Takes on Cover Protocol

New blow for decentralized finance (DeFi). Cover Protocol , a peer-to-peer insurance protocol, has been exploited by a hacker. The attacker managed to find a critical flaw in the protocol’s smart contract . He thus discovered how to create unlimited COVER tokens.

Like the United States Federal Reserve (FED) and the dollar, the attacker printed an astronomical amount of tokens, injecting the markets with the equivalent of 40 trillion Bitcoin Lifestyle tokens (exactly 40 796 131 214 802 500,000 tokens):

Hack Cover Protocol

According to our colleagues at The Block , the attacker would have managed to sell the equivalent of $ 3 million in COVER tokens through 6 transactions on 1inch , an aggregator of decentralized exchanges. There followed the full absorption of the token’s liquidity, causing a sudden drop in its price.

In a completely unexpected move, the attacker returned the funds to Cover Protocol with the following message: “ Next time, take care of your own shit ”. It would seem that another protocol called Grap.Finance is behind this attack:

Nevertheless, in the space of 2 hours and 20 minutes, the course COVER fell more than 93% , from $ 740 to $ 50 at its lowest point. On Binance, COVER / BUSD pair volumes hit $ 32 million as of this writing.

A few hours after the attack, Binance also ended trading and deposits of the COVER token:

One more attack on DeFi

It should be noted that the Cover protocol has recently been absorbed by another protocol, Yearn.Finance . Banteg, one of the developers of Yearn.Finance, urged all protocol users to withdraw their cash as soon as possible, even if it is already too late.

This major attack follows those against Warp Finance ($ 7.7 million) and Pickle Finance ($ 20 million). All of these attacks are the result of flaws in the protocol or in the smart contract itself.

Although these DeFi protocols are generally audited, it seems that critical flaws still slip through the cracks, much to the delight of hackers. These kind of fortuitous events prove once again that the industry is far from mature enough to be adopted by the masses.

LTC broke through the long term resistance zone of $ 85.

Long term indicators are bullish for LTC / USD like LTC / BTC.

LTC / BTC pair broke a descending resistance line.

Litecoin (LTC) price finally broke through resistance at $ 85. He had been struggling to pass this area for over a year.

Both LTC / USD and LTC / BTC are expected to continue to rise towards the targets shown below.

Passage of long-term resistance

The weekly chart shows that LTC has finally broken through the resistance at $ 85, which it has struggled to do since July 2019. While it has yet to close above this area, it is virtually certain that it will succeed, ruling out a possible wave of massive sales.

Volume increased as price advanced, and indicators are all bullish, increasing the validity of the resistance crossing. The next resistance is found at $ 145.

The daily chart shows that the rise in Bitcoin Blueprint review accelerated when price broke a descending resistance line.

Technical indicators are bullish and showing no weakness, supporting a possible target around the $ 145 area.

That said, the two hour chart is showing the first signs of weakness

LCT is following a very steep ascending support line, which is likely to be unsuccessful in the long run. Additionally, both the RSI and MACD have formed bearish divergences, which is a sign of a weakening trend.

Thus, a decline towards the support at $ 91- $ 95 (fibonacci retracements 0.5-0.618) could take place before LTC resumes its upward movement.

The wave count suggests that LTC started a bullish momentum in March, currently trading in a wave 3 cycle (in white below). He’s also in the middle of a 1-2 / 1-2 wave formation , found in wave 3 (in orange).

A target for the wave 3 top (in orange) is found at $ 118, while the target for the wave 3 cycle top (in white) is near $ 147. This last objective also corresponds to the resistance zone described in the first section.

On the contrary, a drop below the top of Wave 1 (red line) to $ 68.37 would negate that wave count.