What Is Linea?

Linea enhances Ethereum’s scalability by increasing transaction speed and reducing costs, delivering a more accessible experience within the Web3 ecosystem. It leverages zero-knowledge proofs (ZKPs) based on Lattice-Based Cryptography to verify transaction accuracy without revealing their details. These proofs are submitted to the Ethereum mainnet, ensuring all transactions are securely recorded in Ethereum’s ledger while significantly lowering costs. Linea not only strengthens Ethereum’s value but also supports its developer ecosystem and contributes to its long-term economic model.

Linea Ecosystem

Project is built to support a versatile ecosystem applicable across various sectors, including bridging, NFTs, centralized exchanges (CEX), wallets, infrastructure, DeFi, launchpads, data services, development tools, and entertainment.

Bridging

• Stargate: A liquidity transfer protocol built on Layer Zero, Stargate enables users to move assets securely and quickly across networks.

• Orbiter Finance: A Layer 2 cross-rollup bridge, Orbiter Finance allows fast and low-cost transfers of Ethereum and other cryptocurrencies to networks like dYdX, Optimism, and Arbitrum.

Ethereum Name Service (ENS) Integration

Project is the first zero-knowledge Layer 2 network to implement the Ethereum Name Service (ENS) EIP-3668 standard in production. EIP-3668 introduces the CCIP Read function, enabling ENS to operate trustlessly on Layer 2 networks like this project. ENS names on project follow the name.linea.eth format, allowing users to replace complex hexadecimal addresses with human-readable names, simplifying transactions. These names are issued as NFTs to the associated account.

ENS Registration Requirements

• Proof of Humanity (PoH): Accounts must pass Proof of Humanity to register a linea.eth name.

• Sufficient ETH: Enough ETH must be available on the platform to cover transaction fees.

• Single Name Rule: Each account can register only one linea.eth name.

• Registration Period: The default registration period is three years and cannot be modified.

What Sets Linea Apart?

Project enhances Ethereum’s scalability through zero-knowledge (ZK) rollup technology. Rollups process transactions on Layer 2 and batch them to the Ethereum mainnet, significantly reducing gas fees. Project’s full EVM equivalence distinguishes it from other Layer 2 networks, enabling developers to use familiar Ethereum tools (e.g., MetaMask, Hardhat, Truffle, Foundry) without code modifications, making dApp migration and development straightforward.

Project’s ZK rollups use validity proofs to verify transactions, eliminating the seven-day challenge period required by Optimistic Rollups and providing instant finality. Additionally, Project’s Lattice-Based Cryptography offers resilience against quantum computing attacks, enhancing long-term security.

Project’s Features

• Full EVM Equivalence: Developers can deploy Ethereum dApps on project without code changes.

• Low Fees and High Speed: ZK-rollup technology enables fast, cost-efficient transactions.

• Security: Maintains Ethereum’s security while adding zero-knowledge proof safeguards.

• Developer-Friendly: Integrations with tools like MetaMask and Infura streamline development.

• Economic Alignment: ETH and LINEA token burns from Layer 2 fees support Ethereum’s value and ecosystem growth.

LINEA Tokenomics

The LINEA token is an economic coordination tool designed to incentivize real usage, support aligned applications and developers, and fund Ethereum’s long-term development. Token distribution is as follows:

• Ecosystem: 85%

• Consensys Treasury: 15%

• Early Contributors: 10%

On project, ETH is used as gas, and both ETH and LINEA tokens are burned from Layer 2 fees, increasing Ethereum’s value and supporting token scarcity.

Linea’s Partners

Project collaborates with leading projects such as MetaMask, Aave, 1inch, Chainlink, Circle, ENS, Etherex, Fireblocks, Lido, Mastercard, Sharplink, and Consensys. These partnerships enable project to build a robust ecosystem across DeFi, NFTs, payment systems, and tokenization.

Linea Team

Developed by Consensys, project is led by an experienced team:

• Joseph Lubin – Founder and CEO

• Rob Dawson – Chief Technology Officer (CTO)

• Chris McKibbin – Chief Operating Officer (COO)

• Simon Morris – Chief Strategy Officer

• Cole D’Ambrosio – Chief Financial Officer (CFO)

• Mark D. Young – Chief Revenue Officer and Data Advisor

Project aims to shape the future of Web3 by enhancing Ethereum’s scalability. Combining developer ease, low costs for users, and Ethereum’s security, project plays a pivotal role in the widespread adoption of decentralized applications.

Official Links

• Website
• X (Twitter)
• Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What Is Linea (LINEA)? appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 0.35% in the last 24 hours and is currently trading at $104,509. The first resistance level for Bitcoin (BTC) is at $106,200, followed by $108,400 if that level is surpassed. The support levels are at $101,800 and $97,800.

Ethereum (ETH): The ETH/USDT pair has lost 0.75% in the last 24 hours and is currently trading at $3,284. The resistance levels for ETH are $3,450 initially, followed by $3,700. The support levels are $3,200 and $3,000.

Filecoin (FIL): The FIL/USDT pair has lost 0.50% in the last 24 hours and is currently trading at $4.98. The resistance levels for FIL are $5.26 and then $5.85. The support areas are $4.92, and if the decline deepens, $4.65.

Ethereum Name Service (ENS): The ENS/USDT pair has lost 1.89% in the last 24 hours and is currently trading at $33.67. The resistance levels for ENS are $36.50 initially, followed by $40.50. The support areas are $33.00, and if the decline deepens, $30.00.

Lido DAO (LDO): The LDO/USDT pair has lost 2.84% in the last 24 hours and is currently trading at $1.95. The resistance levels for LDO are $2.10 and then $2.40. The support areas are $1.70, and if the decline deepens, $1.40.

Trending Coins

In the last 24 hours, the trending coins in the crypto market include MANTRA (OM), Reploy (RAI), and Koma Inu (KOMA). Among the biggest gainers, Tribal Token (TRIBL), Vine (VINE), and Toshi (TOSHI) are leading. On the list of the biggest losers, you can find Popcat (POPCAT), AI Rig Complex (ARC), and Official Trump (TRUMP).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the most noticeable liquidation on the upper side is at the $106,025 level with $22.51 million. On the lower side, the $103,616 level stands out with $25.13 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin and Cryptocurrency Market Update: January 25 appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has dropped 0.22% in the past 24 hours and is currently trading at $99,503. As long as Bitcoin holds above $98,200, the outlook remains positive. A close above $101,400 is needed to increase the chances of a new ATH (All-Time High). However, as it’s the weekend, market movements may remain subdued.

Ethereum (ETH)

The ETH/USDT pair has decreased by 0.52% over the last 24 hours and is trading at $3,980. Resistance levels are at $4,097 and then the ATH. Support levels stand at $3,935 and $3,712.

Ethereum Name Service (ENS)

The ENS/USDT pair has lost 2.71% in value over the past 24 hours and is trading at $41.07. Resistance levels are $42.74 and $45, while support zones are $39.68 and $34.60 in case of deeper declines.

Dogecoin (DOGE)

The DOGE/USDT pair has gained 1.96% in the past 24 hours and is now trading at $0.44. Resistance levels are $0.48 and $0.50, while support zones are at $0.42 and $0.40 for further drops.

Binance Coin (BNB)

The BNB/USDT pair is up by 1.33% in the past 24 hours, trading at $740. Resistance levels are $783 and the ATH, while support zones are at $715 and $673.

Trending Coins

The most trending coins in the past 24 hours include Mode (MODE), Hyperliquid (HYPE), and Aerodrome Finance (AERO). Top gainers are Orca (ORCA), Across Protocol (ACX), and ai16z (AI16Z). On the losing side, we have Creditcoin (CTC), PepeCoin (PEPECOIN), and 0x Protocol (ZRX).

Bitcoin Liquidation Map

The 12-hour Bitcoin liquidation map reveals key liquidation levels:

• Upper Side: $100,574 with $62.10M in liquidations.
• Lower Side: $98,560 with $47.18M in liquidations.
  

  ---

  You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Latest in Bitcoin and Cryptocurrency: December 7 appeared first on Coin Engineer.

Among them, Tezos (XTZ) pops out with its hourly transaction volume jumping by 262.51% to $26,000, much beyond its regular $7,000 average. This increase is very unlike Binance, where Tezos saw a little 6.45% reduction in trading volume, thus stressing a clear contrast in trader behavior between the two exchanges.

Trading volume for another cryptocurrency, STP (STPT), on Upbit jumping 162.25% from $249,000 to $654,000 also showed a notable rise. Surprisingly, this increase corresponds with Binance’s 24.42% decline in STP’s trading activity, indicating a change in trade focus toward Upbit.

From $3 million to $9 million, Hedera (HBAR) also saw a roughly 300% gain over four hours, and trading volume on Upbit also increased fairly dramatically. Over the same time, Binance saw a lower but still notable 40.95% rise in HBAR transaction volume.

From a $8,000 average to $23,000, Ethereum Name Service (ENS) saw over quadruple trading volume on Upbit, a 193.9% increase. With a 33.56% volume rise, ENS also became very popular on Binance. Recent Ethereum co-founder Vitalik Buterin’s platform transactions could have bearing on the increase in ENS activity.

At last, Kava (KAVA) saw an astonishing 256.18% growth in hourly trading volume on Upbit as it surged from $52,000 average to $186,000. On Binance, kava trade only showed a meager 5.73% gain instead.

Unlike the more subdued numbers of Binance, these notable trading volume gains on Upbit signal to different market trends and preferences among South Korean traders, so Upbit is an important exchange to keep an eye on in the changing altcoin scene.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Unusual Trading Volume Surges in 5 Altcoins on South Korea’s Upbit Exchange appeared first on Coin Engineer.

The new altcoins that will be available for perpetual trading on Coinbase International Exchange and Coinbase Advanced are Curve DAO (CRV), Ethereum Name Service (ENS), and ConstitutionDAO (PEOPLE).

Perpetual trading allows traders to speculate on the future price of an asset without actually owning the asset itself. This is done by using a margin account, which means that traders only need to deposit a small percentage of the total trade value.

The listing of these three new altcoins is a sign of Coinbase’s continued commitment to offering its customers a wide variety of trading options.

CRV is a decentralized exchange (DEX) liquidity token that powers the Curve protocol. ENS is a domain name registry for the Ethereum blockchain. PEOPLE is a governance token for the ConstitutionDAO project.

The perpetual trading markets for CRV, ENS, and PEOPLE will go live on July 18, 2024, at 9:30 UTC.

The post Coinbase International Announces Listing of 3 New Altcoins for Perpetual Trading appeared first on Coin Engineer.

Ethereum Name Service (ENS) is now available for trading on Upbit, effective today at 00:30 AM KST (July 9, 2024), the exchange announced on its official website on July 9.

According to the announcement, ENS deposits will only be open for the Ethereum network. Upbit also warned that transfers from other networks should not be made.

ENS/KRW trading pairs will be available for investors following the listing.

CoinGecko data shows that ENS price skyrocketed following the listing announcement. The price of ENS surged 16.3% from $26.56 to $30.9. However, the altcoin has since pulled back significantly and is currently trading at $27.7.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram, Twitter, and YouTube channels for the kind of news.

The post Upbit Listing Announcement Sends Ethereum-Based Altcoin Price Soaring 15%! appeared first on Coin Engineer.

While major cryptocurrencies like Bitcoin and Ethereum have lost value over the past seven days, some altcoins have presented opportunities for investors to enter or exit the market.

Santiment evaluated these altcoin projects using the MVRV Opportunity & Danger Zone Model.

MVRV Ratio: A Signal for Buying and Selling

The Market Value to Realized Value Ratio (MVRV) is obtained by dividing the market value of a cryptocurrency by its realized market capitalization. An increase in this ratio indicates that people are more willing to sell that cryptocurrency.

Santiment revealed that Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) projects are currently in a good buying zone.

All three of these altcoin projects have seen significant declines in recent times. Over the past seven days, BAT has fallen by 24.5%, CHR by 33.9%, and HIGH by 76.9%.

Despite the general decline in the cryptocurrency market, some altcoins have recently moved upwards.

Santiment noted that Ethereum Name Service (ENS), MANTRA (OM),

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post 6 Altcoins Presenting Buying and Selling Opportunities According to Santiment appeared first on Coin Engineer.

“In 2023, Unstoppable Domains (UD) received a patent from ENS Labs for a technology developed as open source. Today, we filed the portfolio with the USPTO to challenge the existence of this patent and ensure that the web remains a collaborative space,” ENS said. he explained.

Provides domain name and budget services such as UD and ENS. ENS claims that UD patents “open source innovations that directly leverage ENS’s offering” and that ENS’s contributions are even patented.

“We offered UD the opportunity to avoid this war: UD refused to open source the patent and refused to engage in any irrevocable continuation of the patent despite its use in a way that was detrimental to the community,” ENS said. He continued on social media. “This is a battle we have to choose, but one we are fully committed to for the sake of the future of Web3.”

Response from Unstoppable Domain

Matthew Gould, founder of Unstoppable Domains, said, “Whether the ENS prior art was cited on the first page of the patent along with ENS’s resources, the patent was examined by the examiner with these references included, it was reported that the patent was valid and the patents’ Web3 and domain expertise were quite widespread.” ” said.

“We already submitted a liability declaration proposals about a year ago and we view that issue as resolved,” Gould said. He added and stated that the patent was valid.

In July 2022, Unstoppable Domains stated that Pantera Capital raised $65 million in a Series A round under their sovereignty, giving the company a valuation of 1 billion energy.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ENS Petitioned the US Patent and Trademark Office appeared first on Coin Engineer.

You might like: Ethereum Users Can Now Stake Their Validators

With the pullback that occurred yesterday, Bitcoin value fell to the $40,000 level and is currently at a very critical point. The closing to be made today is of great importance for Bitcoin. In particular, it is important that Bitcoin does not close below $40,200. If a closing below this level occurs, the downward trend could continue towards the $36,000 levels.

Bitcoin and Cryptocurrencies Status Update! – January 19

• Bitcoin (BTC): BTC/USD pair is trading at $41,300, down 0.05% at the time of writing. The resistance levels for BTC are in the $41,400-$42,600 range, while the support levels are in the $41,000-$40,200 range.
• Ethereum (ETH): ETH/USDT pair is trading at $2,468, down 0.12% at the time of writing. The resistance levels for ETH are in the $2,540-$2,710 range, while the support levels are in the $2,375-$2,145 range.
• Ethereum Name Service (ENS): ENS/USDT pair is trading at $20.11, down 4.79% at the time of writing. The resistance levels for ENS are in the $21.80-$23.53 range, while the support levels are in the $19.08-$16.08 range.
• Mina (MINA): MINA/USDT pair is trading at $1.17, down 3.03% at the time of writing. The resistance levels for MINA are in the $1.30-$1.45 range, while the support levels are in the $1.15-$1.09 range.
• Sui (SUI): SUI/USDT pair is trading at $1.12, down 2.94% at the time of writing. The resistance levels for SUI are in the $1.20-$1.32 range, while the support levels are in the $1.08-$0.90 range.

The post Bitcoin and Cryptocurrencies Status Update! – January 19 appeared first on Coin Engineer.

You might like: Bitcoin Mining Doesn’t Stop $187 Million Device Purchase

Yesterday, Bitcoin rose to the $49,000 level, but it is currently experiencing a pullback to around $45,850. Bitcoin is again facing resistance at the $48,000 level, and if it can break this level, we could see an uptrend to the $52,000 level.

Bitcoin and Cryptocurrencies’ Latest Status

• Bitcoin (BTC): BTC/USD pair is currently trading at $45,886, down 0.97% as of the time of writing. Resistance levels for BTC are between $48,000 and $51,000, and support levels are between $44,800 and $43,600.
• Ethereum (ETH): ETH/USDT pair is currently trading at $2596, down 0.84% as of the time of writing. Resistance levels for ETH are between $2700 and $2850, and support levels are between $2304 and $2240.
• Ethereum Name Service (ENS): ENS/USD pair is currently trading at $21.15, down 12.83% as of the time of writing. Resistance levels for ENS are between $24.36 and $26.01, and support levels are between $18.10 and $13.67.
• Optimism (OP): OP/USD pair is currently trading at $3.78, down 4.65% as of the time of writing. Resistance levels for OP are between $3.95 and $4.11, and support levels are between $3.69 and $3.42.
• Cyber (CYBER): CYBER/USD pair is currently trading at $7.99, up 3.30% as of the time of writing. Resistance levels for CYBER are between $8.56 and $9.67, and support levels are between $7.70 and $7.12.

The post Bitcoin and Cryptocurrencies’ Latest Status! – January 12 appeared first on Coin Engineer.