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Author: CryptoPress

What is Layer 2?

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What are Layer 2 solutions, and how do they work? Blockchains are a powerful technology, but they have some limitations. One of the biggest limitations is scalability. Blockchains can only process a limited number of transactions per second, which can make them slow and expensive to use. Layer 2 solutions are a way to address the scalability limitations of blockchains. Layer 2 solutions are built on top of the underlying blockchain, but...

Glossary

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Telegram Bots for DEX Trading

Telegram Bots for DEX Trading: Benefits and Risks

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Telegram bots are applications that use the messaging app as an interface to execute trades on decentralized exchanges (DEXs) like Uniswap. They offer advantages such as speed, convenience, and access to new strategies like sniping, limit orders, and copy trading. They also pose risks such as exposing private keys, losing funds to scams, and facing regulatory uncertainty. Users should be careful and do their own research before...

DeFi, DEX, Front page, Main, Trading

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dYdX Takes a Stand Against MEV Ahead of Appchain Migration

dYdX Takes a Stand Against MEV Ahead of Appchain Migration

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dYdX, the leading decentralized perpetuals exchange, is taking a stand against Maximal Extractable Value (MEV) ahead of its migration to a Cosmos-based appchain. The dYdX Foundation published a list of preferred practices for dYdX Chain validators and stakers. The manifesto warns that validators engaging in malicious MEV will face punishment. The foundation added that delegates could also face repercussions should they support...

DEX, Ethereum, Front page, Main, News

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Maximal Extractable Value in crypto

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Maximal extractable value (MEV) is the maximum amount of value that can be extracted from the production of blocks on a blockchain network by including, excluding, or changing the order of transactions. MEV can be extracted by crypto miners, validators, and other participants in the blockchain ecosystem. It refers to the maximum potential profit that can be extracted by miners or other participants in a blockchain network through...

Ethereum, Glossary

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Crypto Market Update: August 24, 2023

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The global cryptocurrency market cap today is $1.09 Trillion, a -0.66% change in the last 24 hours and a 1.98% change one year ago. As of today, the market cap of Bitcoin (BTC) is at $506 Billion, representing a Bitcoin dominance of 46.42%. In recent news, the British Treasury issued a firm no to those calling for crypto to be regulated as gambling. This decision highlights the dynamic nature of the crypto market and the importance of...

Bitcoin, Crypto market, News

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