Many people struggle to differentiate between proof of work and proof of stake, but in this write-up, we'll focus on demystifying the concept of proof of work. While I may not cover every aspect of this topic, you'll undoubtedly gain valuable insights.

  Proof of work is a technique employed by cryptocurrencies to verify the accuracy of new transactions added to a blockchain. As decentralized networks used by cryptocurrencies and other DeFi applications lack a central governing authority, they rely on proof of work to ensure the integrity of new data.

  In simple terms, proof of work is a consensus mechanism that determines which network participants, known as miners, are allowed to handle the lucrative task of verifying new data. This task is considered lucrative because miners are rewarded with new crypto when they accurately validate the new data without cheating the system.

  Although, the purpose of proof-of-work algorithms extends beyond merely proving that certain work was carried out or that a computational puzzle was "solved." It also aims to deter data manipulation by establishing large energy and hardware-control requirements to do so. Nonetheless, proof-of-work systems have faced criticism from environmentalists due to their energy consumption.

  One example of a blockchain that utilizes proof-of-work is Alephium, renowned as the first operational sharded blockchain. Sharded refers to the reduction of data into fragmentary pieces. As a sharded blockchain, Alephium works at high intensity, completing a large volume of work in a reduced time frame. They are diligent, consistent, and maintain high standards at all times, above the average level. Alephium plans and organizes its work to be as productive as possible, utilizing its custom VM, Alphred, to enhance security and efficiency for scalable DApps.

This has to be it. https://x.com/CryptoRank_io/status/1776233217311338824

 Based on the latest CryptoRank report, the has secured the top position. This achievement demonstrates the platform's commitment to consistently delivering a strong performance and providing a reliable service to its users.

Of course, decisions like these aren't done hastily. There must be some sort of good consideration before implementation. I'm glad that some governments are beginning to see the need to legalise crypto. We can't also forget to appreciate those who are at the forefront of pushing for the global adoption of crypto, the likes of Gracy Chen.

I wouldn't say everyone is investing in Memecoins tho because some persons consider it as shitcoins or without practical use cases. As for Memecoins having low entery points, that's a fact. Hopefully the narrative about Memecoins changes soon.

  Happy new month buddies, I've been away from the crypto space for (two days) lol I needed the break but hey I'm back, nobody asked but yeah I'm fine and that's by the way.
  So much has been going on and much more will go on. We're still counting down to Bitcoin halving and MEMECON event. And this brings me to ask those who'd be attending MEMECON event in Lisbon  from 28th may to 30th; Do you think this event will eventually change the perception lots of individuals have about Memecoins in general?
What's your expectation for this first ever event held solely for Memecoins?

  I believe this event provides an opportunity to delve into this phenomenon and examine whether these coins can evolve beyond their meme origins and offer practical use cases and real-world applications.

  I won't be attending, considering the fact that I'm about 3,579 miles away from the venue for this event, nevertheless I can participate in other events associated with MEMECON https://cryptorank.io/earn/quests/memecon-conference-raffle

  For those who have no idea about what I'm talking about, here's a link to help you gain an insight.
https://www.cointribune.com/en/memecon-the-first-ever-meme-coin-conference-celebrating-meme-culture-in-lisbon-lets-get-rekt/

If you're still holding your ONDO bag, you would see as of today that the project in fact did live up to the hype it generated. I had bought some shortly after it went live on Bitget, I didn't sell off and now I'm glad I didn't because of the current surge in its price.

  Historically, the value of bitcoin has increased shortly after its three previous halving events, this means that there are fewer new Bitcoins being created, which can lead to an increase in demand and price. There are a few reasons why Bitcoin pumps after halving. First, the halving reduces the supply of new Bitcoins. This makes Bitcoin more scarce, which can lead to an increase in demand. That could be the case in the upcoming Bitcoin halving.

  It's not surprising especially with newbies venturing into the crypto space, that most persons have little to no idea about what Bitcoin halving is and it's importance. This piece of writing gives an insight to what it is, so that as we anticipate the next Bitcoin halving, most persons would already have an understanding about it. I am also aware that there a quite a good number of knowledgeable people here who are well informed about bitcoin halving so, your input are greatly appreciated!
Bitcoin halving, or halvening, is an event that occurs roughly every four years as part of Bitcoin's underlying code. It is a mechanism designed to control the supply of new bitcoins entering circulation.

Specifically, the Bitcoin halving refers to the reduction of the block reward given to Bitcoin miners by half. Bitcoin mining is the process of verifying and adding new transactions to the blockchain ledger, and miners are rewarded with newly minted bitcoins for their efforts.

Initially, when Bitcoin was first launched in 2009, the block reward was set at 50 bitcoins per block. The first halving event occurred on November 28, 2012, when the block reward was reduced from 50 to 25 bitcoins. The second halving took place on July 9, 2016, reducing the reward from 25 to 12.5 bitcoins per block.

The most recent halving occurred on May 11, 2020, when the block reward was halved again from 12.5 to 6.25 bitcoins per block. The next halving is expected to occur in early 2024, when the reward will be reduced to 3.125 bitcoins per block.

The halving events are pre-programmed to occur roughly every 210,000 blocks, or approximately every four years. Believe me when I say this is an important event in the crypto space. Exchanges are also taking advantage of the upcoming event to celebrate with their users. I've come across a few of these exchange events as it applies to the upcoming Bitcoin halving. https://www.bgportable.com/activities/bitcoin-halving?languageType=0&appVersion=2.24.1&time=

This mechanism has a dual purpose:

1. Controlling the supply of new bitcoins: Bitcoin has a hard cap of 21 million coins that can ever be minted. Halving events help ensure that new bitcoins are released into circulation at a predictable and decreasing rate over time, helping to control inflation.

2. Providing an incentive for miners: As the block reward decreases with each halving, miners are incentivized to become more efficient and invest in better equipment to remain profitable. This helps maintain the security and integrity of the Bitcoin network.

Bitcoin halving events are significant because they can impact the economics of Bitcoin mining, potentially leading to changes in mining difficulty, hash rate, and ultimately, the price of Bitcoin. Historically, halvings have been followed by bullish price movements, although past performance is not indicative of future results, but like I always say, being optimistic never hurts.

For reference see; https://www.mdjonline.com/arena/thestreet/bitcoin-halving-for-beginners-how-the-process-works-impacts-price-of-btc/article_1518112c-e77c-53d0-9328-d4135a803cb6.html#:~:

 Now is always the time to buy Bitcoin. if you have a long-term view and bullish thesis on Bitcoin's fundamentals like increasing institutional adoption and the stock-to-flow model, then buying during pullbacks can make sense as part of a DCA strategy. But having a risk management plan is crucial, as Bitcoin's short-term price is inherently unpredictable. Added to Bitcoin, You might also look out for Memecoins too like TOAD Since Solana Memecoins are on the rise.

You make some fair observations about the current state of Ethereum and the broader cryptocurrency landscape. The recent duncan upgrade does seem to have improved Ethereum's transaction fees and scalability through Layer 2 solutions like zkSync. Having affordable and efficient Layer 2s is certainly a major advantage for Ethereum's ecosystem right now. Take a look at polyhedra (ZK) it's quite a match too. https://www.bitget.site/events/activities/169f524df07d567889ed0a3c3b2d644c?color=blue&languageType=0

I'll agree with you on Solana coins. Yesterday one of its Memecoins; BOME did a whole 5x and like you advised, Solana is quite popular too hence why I invested in it.

Whatever the reason might be, the end point is that the government is after Binance and we must seek alternatives. From the reviews I've seen so far, Bitget isn't a bad option.  I've used it for P2P transactions and it's swift and secure.

For those who haven't bought in yet, investing at these highs carries more risk. Dollar cost averaging into a position over time is generally safer than trying to time the market with a lump sum entry.

Regarding Altcoins, When Bitcoin rallies, it does tend to pull many altcoins up as well as money sloshes around the crypto markets. Some alts, even Memecoins could present opportunities. If I'm not mixing it up, Bitget has an ongoing event for Memecoins and this is due to the fact that there's also a surge in the Memecoin arena, but like I would always advise, thoroughly researching fundamentals is key.

Bro! I'm scared oo. They shouldn't even bring that nonsense to the exchange I'm currently using o. I still dey use Bitget dey do P2P. To solve these whole wahala FG should quit being greedy and make their regulations known so that these exchanges can operate legally.

There are other exchanges that still operates P2P. Just yesterday I use Bitget P2P. You fit use them too.

Mr Tim, I've been following up on your comments regarding these whole FG and Binance issue and this particular comment of yours just addressed what have been on my mind! Like..FG never even set any regulations for these exchanges to follow before we begin blame these exchanges. While I'm not sure if Binance will follow through with regulations, I'm super optimistic about Bitget and maybe other exchanges to follow through If eventually there is a clear cut out regulation guiding the operation of exchanges in Nigeria.

Why I said I'm not certain about Binance is that they've always chosen to quit their operations in regions that calls for regulation instead of complying.

I no sure say Binance go comply at all o. Didn't you see that they chose to stop operating in US and Canada instead of them to comply with their regulations? If any exchange go even agree to comply with FG that is if FG sef set clear rules for operation, na Bitget exchange be that.

Na to use other exchanges nai sure pass. Until FG put eyes there too. I successfully use Bitget exchange P2P yesterday sha. No stress at all and the merchants dem dey pay fast.

Lol I don't think OP meant it like that. A lot of people frown upon investing on Memecoins and Altcointalks simply because they're not Bitcoin meanwhile those who invest in them regardless of what others think, are making profits.

I also believe that majority of these Memecoins that have made it to the top gainer spot, owes it to exchanges like Bitget that listed them which eventually caught the eyes of investors.

Lol I dey talk this thing everyday! What goes up no dey come down for Naija o, it stays up and only goes further up!