In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.

Bitcoin Ordinals kicked off an entirely new concept and Bitcoin sub-market....In 2023, we have seen an improvement in Bitcoin’s fee revenue. Bitcoin has a problem....Bitcoin miners are a fundamental part of the Bitcoin ecosystem....Bitcoin and Bitcoiners are famously skeptical of additions to Bitcoin core protocol.

In this report, we dig into Bitcoin’s outlook as BTC enters back into the limelight after taking a backseat...

As I said on @SquawkCNBC this morning, the supply/demand dynamic in bitcoin right now is off-the-hook...Bitcoin is the cool kid on the block again…much to the dismay of gold bugs.  ...

Later in life, Bitcoin was deemed the future of finance. Today, Bitcoin is digital gold....Visions of Bitcoin Along with the ebbs and flows of Bitcoin’s narrative, Bitcoin the asset has gone through...10 largest crypto assets (Dec. 2018) In other words, we thought it was the perfect time to drop a 60-page...

As Bitcoin is the largest coin by market cap, a strong Bitcoin often acts as a tailwind for the broader...Bitcoin halvening events have historically signaled a substantial increase in the price of Bitcoin....This flow of users and money to Bitcoin may slow as Bitcoin reaches its potential market penetration....be bearish in Bitcoin’s case.

Bitcoin’s resurgence is driven by several factors, including the recent Bitcoin ETFs, the anticipated...Ordinals is catching up, with 3 Ordinals PFP collections (Quantum Cats, NodeMonkes, and OMBs) climbing...has 3X the market cap of Ethereum, but Bitcoin’s top Ordinal collection is 1/3 the floor price of CryptoPunks...

We’ve seen the explosion of crypto art over the past 3 years, and top museums are starting to recognize...Antimatter #1: Quantum Tremors (sold for 0.69 BTC) Antimatter #2: The Singularity Antimatter #3:...Quests #1-#3 and the Miami Quest have already concluded, but the upcoming Quest #4 is set to officially...

Chart of The Day: UST is Now a Top 3 Stablecoin UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....through inflation, it has some drawbacks, namely: SOL is locked and requires a cooldown period of 2-3...

Something to watch for going forward… Bitcoin’s initial price drop following the CPI release triggered...a resurgence in memes mocking those who put their faith in bitcoin as an inflation hedge....Bitcoin is Not an Inflation Hedge It’s easy to point fingers in hindsight....So what does the short to medium-term look like for bitcoin price action?

These replace 3 core things: Smart contract script Data required for the contract Execution trace of...Gate commitment Gate commitment script is made up of 3 parts Script that reveals the bit commitments...Steps 3 is repeated until the specific conflicting operation is identified (maximum 40 steps)....This has constrained Bitcoin's utility.

🔍 USDC De-Pegs & Bitcoin Rallies If you haven’t been living under a rock, you’re probably inundated...🔍 USDC De-Pegs & Bitcoin Rallies If you haven’t been living under a rock, you’re probably inundated...

However, change comes slowly to Bitcoin....If every block on Bitcoin contains the max 4MB of Ordinals, Bitcoin still only adds 216GB of Ordinals...after looking at Bitcoin’s on-chain metrics....Since Ordinal inscriptions went live, the portion of Bitcoin Taproot transactions has doubled from 3%...

Comparing this to the 1.5%-3% charged by traditional banks (not including international transfer fees...Bitcoin Gaming Bitcoin is arguably the most widely accepted cryptocurrency in the world....Bitcoin Miner was not alone....THNDR is reportedly responsible for 3% of all LN transaction growth, which just goes to show the impact...

With the introduction of the Bitcoin Spot ETFs in January 2024, this goal has finally become a reality...Source: token.unlock.apps What We’re Reading Once Again, Bitcoin Is Behaving Like It Should (Alpha Feed...facing BTC and crypto markets, similarities to previous periods of changing macro conditions, and why bitcoin...

Bitcoin’s 2022 2022 was a rough year for crypto....Lightning is probably Bitcoin’s most serious attempt to scale Bitcoin to usable e-cash....ZK-Bitcoin In a world of smart contract chains, Bitcoins’ long-term usefulness seems limited....layers on top of Bitcoin.

🔍 Bitcoin: More Than Just Digital Gold?...frenzy that has brought attention to Bitcoin in a way it hasn’t seen in years....while offloading consensus and data availability to Bitcoin....This makes it possible to run EVMs as sovereign rollups on Bitcoin....and settle its transactions in Bitcoin blocks.

Insights from the Bitcoin options market.

The prophecy is being ful...

Primer The ProShares Bitcoin ETF launched yesterday, attracting over $500M in capital on day one....CME Wins Big on ETF Approval The ProShares’ ETF trades CME’s Bitcoin futures, so it’s no surprise CME...Primer The ProShares Bitcoin ETF launched yesterday, attracting over $500M in capital on day one.