Crypto liquidations rally 78% with ETH leading the charts

Crypto liquidations rally 78% with ETH leading the charts

Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (ETH) is still leading the charts.

According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at million.

Crypto liquidations rally 78% with ETH leading the charts - 1

Crypto liquidations map – June 17 | Source: Coinglass

Per a crypto.news report on Jun. 16, the number of crypto liquidations plunged by 80% — dropping to .4 million — in just one day as the broader market was consolidating with a total market capitalization of .54 trillion.

Here’s the data from Coinglass: 

  • .9 million worth of long positions have been liquidated.
  • .6 million worth of short positions were liquidated.
  • Ethereum dominates the list with over million in liquidations — .6 million longs and .5 million shorts.
  • Bitcoin (BTC) liquidations reach .2 million — .15 million longs and .09 million in shorts.
  • Binance is dominating the scene with .7 million in liquidations with longs accounting for 57.6% of this tally.
  • OKX saw million in liquidations, having a 30% share of the market.

According to data provided by CoinGecko, the increased liquidations come as the global crypto market capitalization records a 0.4% decline in the past 24 hours — falling from .549 trillion to .536 trillion.

Bitcoin has been consolidating around the ,000 mark over the past three days, while Ethereum hovers around the ,550 mark in the same timeframe. 

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Theo Crypto News

South Korea to reconsider hundreds of crypto listings under new law: report

South Korea will review the listings of over 600 tokens on domestic crypto exchanges next month under new regulatory measures.

South Korea‘s financial authorities will begin re-evaluating over 600 cryptocurrency listings on domestic trading platforms starting in July, following the implementation of the Virtual Asset User Protection Act, Korean news media Dnews reports, citing sources familiar with the matter.

The Korean financial regulators are reportedly finalizing practices for crypto listings, which are set to be enforced starting Jul. 19 under the new law. The regulations will apply to nearly three dozen registered crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, which will conduct initial reviews to determine whether to maintain or delist each token.

Under the new regulatory framework, crypto exchanges must establish a review committee to evaluate various factors such as the reliability of the issuing entity, user protection measures, technology and security standards, as well as regulatory compliance.

Additional criteria include the issuer’s capabilities and reputation, past business history, information disclosure, operational transparency, total supply and circulation, market capitalization, and potential conflicts of interest between a trading platform and token holders.

The report notes that tokens issued by decentralized autonomous organizations (DAOs) may not meet standard requirements, while tokens that have been traded normally for over two years in regulated markets such as the U.S., U.K., France, Germany, Japan, Hong Kong, Singapore, India, and Australia will be subject to a less strict review process. Additionally, crypto exchanges will be banned from accepting any payments in return for listing a token.

Subsequent reviews will occur quarterly, with tokens deemed “problematic” will be designated as cautionary and potentially delisted, the report says. Crypto exchanges will have a six-month period to assess whether to continue supporting existing crypto listings, followed by maintenance reviews every three months.

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Ethereum founder Vitalik Buterin supports TiTok as potential blockchain app

According to Ethereum (ETH) co-founder Vitalik Buterin, the new image compression method Token for Image Tokenizer (TiTok AI) can encode images to a size large enough to add them onchain.

On his Warpcast social media account, Buterin called the image compression method a new way to “encode a profile picture.” He went on to say that if it can compress an image to 320 bits, which he called “basically a hash,” it would render the pictures small enough to go on chain for every user.

The Ethereum co-founder took an interest in TiTok AI from an X post made by a researcher at the artificial intelligence (AI) image generator platform Leonardo AI.

The researcher, going by the handle @Ethan_smith_20, briefly explained how the method could help those interested in reinterpretation of high-frequency details within images to successfully encode complex visuals into 32 tokens.

 Buterin’s perspective suggests the method could make it significantly easier for developers and creators to make profile pictures and non-fungible tokens (NFTs).

Solving previous image tokenization issues

TiTok AI, developed by a collaborative effort from TikTok parent company ByteDance and the University of Munich, is described as an innovative one-dimensional tokenization framework, diverging significantly from the prevailing two-dimensional methods in use. 

According to a research paper on the image tokenization method, AI enables TiTok to compress 256 by 256-pixel rendered images into “32 distinct tokens.”

The paper pointed out issues seen with previous image tokenization methods, such as VQGAN. Previously, image tokenization was possible, but strategies were limited to using “2D latent grids with fixed downsampling factors.”

2D tokenization could not circumvent difficulties in handling the redundancies found within images, and close regions were exhibiting a lot of similarities.

TiTok, which uses AI, promises to solve such an issue, by using technologies that effectively tokenize images into 1D latent sequences to provide a “compact latent representation” and eliminate region redundancy.

Moreover, the tokenization strategy could help streamline image storage on blockchain platforms while delivering remarkable enhancements in processing speed.

Moreover, it boasts speeds up to 410 times faster than current technologies, which is a huge step forward in computational efficiency.

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Theo Crypto News

Top cryptocurrencies to watch this week: ETH, DAO, ELON

The cryptocurrency market experienced a predominantly bearish trend last week. Bitcoin (BTC), the leading asset, saw its price decline by 4%. Most major tokens followed suit with quite similar movements, although a few lesser-known cryptocurrencies managed to defy the downturn.

Amid widespread market pressure, the global cryptocurrency market cap decreased by 0 million, representing a 4.7% decline. It dropped from .54 billion at the start of the week to .42 billion by the week’s end.

Here are our picks for some of the top cryptocurrencies to watch this week, based on their recent performances:

ETH, DAO and ELON prices – June 16 | Source: Santiment

ETH retests lower Bollinger Band

Following a drop two weeks back, Ethereum (ETH) began last week with a slight uptick. It close June 9 above ,700 with a mild 0.69% increase.

However, this rise met fierce resistance. ETH recorded price slumps in the days that followed, leading to a retest of the lower Bollinger Band. The last time Ethereum retested the lower Bollinger Band was during a downturn in mid-May. 

ETH dropped 4.6% on June 11, marking its largest intraday decline since April 30. This was due to a sharp decline in the broader market ahead of last week’s FOMC meeting. ShayanBTC, a CryptoQuant analyst, projected more dips for ETH if its bearish futures market metrics do not improve. 

These further drops materialized, leading to a retest of ,362 on June 14. However, a mild rebound has pushed ETH back above ,500. Despite the renewed bullishness, the crypto asset must close above the 20-day SMA (,690) to slip out of the bearish trend. 

DAO hits yearly low

DAO Maker (DAO) was one of the biggest losers last week, witnessing a 7.9% price slump despite a bullish start to the week. DAO’s decline, which trailed the bearish trend in the global crypto market, saw the asset relinquish the .6 territory for the first time this year.

After a 1.97% increase on June 9, DAO saw four consecutive intraday losses, slumping by 10% within this period and breaking below .60 to .5707, its lowest price this year. The last time DAO traded underneath .60 was in October 2023.

However, due to the sharp drop, DAO’s daily Relative Strength Index (RSI) has slipped to 25.61, suggesting that the asset is currently undervalued at the current .5822 price. Consequently, a bullish trend reversal could be in the works.

ELON records 7% weekly gain

Dogelon Mars (ELON) is our third pick on this week’s top cryptocurrencies list.

It was one of the few assets to defy the broader market downtrend, having recorded a 7% weekly gain. While the market saw a mild rise on June 9, ELON gained by a massive 9.49%.

However, this surge met a roadblock at the .0000001985 high, resulting in two days of consecutive declines. The asset saw mixed trends, witnessing declines and upswings, but leveraging a growth in investor interest to remain above .00000018.

Despite the uptrend, ELON remains significantly below the 50-day EMA at .0000002018. It collapsed below this pivotal moving average during the downtrend two weeks back. The asset would need to recover the .0000002 region to have a chance at flipping its momentum to bullish.

Dogelon Mars has no direct relation to Tesla CEO and X owner Elon Musk. The ELON token now has more than 151,600 holders, according to Etherscan.

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Theo Crypto News

Crypto liquidations plunge over 80% as the market consolidates

Cryptocurrency liquidations declined 80.26% as the broader market consolidates amid low volatility and neutral sentiment.

According to data provided by Coinglass, total crypto liquidations currently sit at .4 million — in the past 24 hours. This shows that the broader cryptocurrency market hasn’t seen big movements.

Crypto liquidations map – June 16 | Source: Coinglass

Here’s what to know:

  • Long positions are worth roughly .8 million
  • Short trading positions, .5 million in liquidations.
  • Ethereum (ETH) leads with million in liquidations — .5 million longs, .5 million shorts.
  • Notcoin’s (NOT) liquidations came in third after a group of small-cap crypto assets, reaching .9 million
  • Bitcoin (BTC), secured the fourth spot reaching .25 million — with .44 million worth of long positions liquidated in 24 hours.
  • Data shows that almost half of the liquidations, million, come from Binance, the largest crypto exchange by trading volume.
  • Seychelles-based exchange OKX has the second spot with million in liquidations
  • OKX accounts for over 30.7% of the global liquidations.
  • Total cryptocurrency open interest increased by 0.2%, reaching .3 billion.

The global crypto market capitalization currently hovers at around .54 trillion, according to CoinGecko. 

BTC and ETH have been consolidating around the ,000 and ,500 marks over the past 24 hours. Both of the leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment.

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Theo Crypto News

Decentralized AI: leveraging blockchain for a more equitable future | Opinion

Artificial intelligence (AI) is rapidly advancing, yet its development and deployment are largely controlled by a few powerful entities. This concentration of power raises significant concerns about privacy, security, and fairness. As AI continues to transform industries and societies, it is crucial to explore solutions that can democratize its benefits and mitigate its risks. Blockchain technology offers a promising path forward by enabling decentralized, transparent, and secure AI systems.

Large corporations with access to vast amounts of data and computational power dominate the current AI landscape. This centralization presents several problems. Privacy concerns arise as users’ personal data is often collected and used without explicit consent, leading to potential misuse and breaches. Monopolization of power by a few entities stifles innovation and limits diverse contributions. Additionally, centralized AI systems are vulnerable to being manipulated for harmful purposes, such as spreading misinformation or conducting surveillance.

The reality of AI development today is that it is not solely the result of autonomous machine learning but rather a blend of reinforcement learning and human intelligence. A striking example of this was when details of Amazon’s “Just Walk Out” technology came to light. Instead of technology alone tallying customers’ purchases, about 1,000 real people manually checked the sales. This collaboration between human intelligence and AI systems is often overlooked, but it underscores the significant human element in AI processes.

Decentralized artificial intelligence

Blockchain technology, with its decentralized and transparent nature, can address these challenges effectively. It enhances security and privacy by enabling secure data sharing and storage through cryptographic techniques, ensuring that users maintain control over their information. By distributing power across a network, blockchain reduces the risk of monopolization and fosters a more collaborative AI development environment. It can also track the provenance of data, ensuring its integrity and legitimacy, which is crucial for training reliable AI models.

Decentralization in AI can mitigate several risks associated with the current centralized model. The Center for Safe AI identifies four broad categories of AI risk: malicious use, AI race, organizational risks, and rogue AI. Malicious use includes intentionally harnessing powerful AIs to cause widespread harm, such as engineering new pandemics or using AI for propaganda, censorship, and surveillance. The AI race risk involves corporations or nation-states competing to quickly build more powerful systems, taking unacceptable risks in the process. Organizational risks encompass serious industrial accidents and the potential for powerful programs to be stolen or copied by malicious actors. Finally, there is the risk of rogue AI, where systems might optimize flawed objectives, drift from their original goals, become power-seeking, resist shutdown, or engage in deception.

Regulation and good governance can contain many of these risks. Malicious use can be addressed by restricting queries and access to various features, and the court system can hold developers accountable. Risks of rogue AI and organizational issues can be mitigated by common sense and fostering a safety-conscious approach to using AI. However, these approaches do not address some of the second-order effects of AI, such as centralization and the perverse incentives remaining from legacy web2 companies.

Own your data

For too long, we have traded our private information for access to tools. While opting out is possible, it is often inconvenient for most users. AI, like any other algorithm, produces results directly tied to the data it is trained on. Massive resources are already devoted to cleaning and preparing data for AI. For example, OpenAI’s ChatGPT is trained on hundreds of billions of lines of text from various sources but also relies on human input and smaller, more customized databases to fine-tune its output.

Creating a blockchain layer in a decentralized AI network could mitigate these problems. We can build AI systems that track the provenance of data, maintain confidentiality, and allow individuals and enterprises to charge for access to their specialized data using decentralized identities, validation staking, consensus, and roll-up technologies like optimistic and zero-knowledge proofs. This could shift the balance away from large, opaque, centralized institutions and provide individuals and enterprises with an entirely new economic system.

On the technological front, ensuring the integrity, ownership, and legitimacy of data (model auditing) is crucial. Blockchain can provide an immutable audit trail for data, ensuring its authenticity and enabling fair compensation for data providers. Techniques such as zero-knowledge proofs and decentralized identities allow users to contribute data without compromising their confidentiality. Decentralized AI networks enable diverse stakeholders to participate in AI development, from data providers to infrastructure operators, creating a more equitable ecosystem.

A better solution 

In addition to enhancing data integrity, decentralized AI systems offer improved security. Cryptographic techniques and security protection certification systems ensure that users can secure their data on their devices and control access to their data, including the ability to revoke access. This is a significant advancement from the existing system, where valuable information is merely collected and sold to centralized AI companies. Instead, it enables broad participation in AI development.

Individuals can engage in various roles, such as creating AI agents, supplying specialized data, or offering intermediary services like data labeling. Others might contribute by managing infrastructure, operating nodes, or providing validation services. This inclusive approach allows for a more diversified and collaborative AI ecosystem.

Decentralized AI also addresses the issue of job displacement caused by AI advancements. As AI systems become more capable, they are likely to impact the labor market significantly. By incorporating blockchain technology, we can create a system that benefits everyone, from data providers to developers. This inclusive model can help distribute the economic benefits of AI more equitably, preventing the concentration of wealth and power in the hands of a few large corporations.

Furthermore, the integration of blockchain and AI can foster innovation by promoting open-source development and collaboration. Decentralized platforms can serve as a foundation for developing new AI applications and services, encouraging a diverse range of contributors to participate in the AI ecosystem. This collaborative environment can lead to the creation of more robust and innovative AI solutions, benefiting society as a whole.

In conclusion, the fusion of blockchain and AI represents a significant advancement in how we approach technology development. It shifts the balance of power away from centralized entities and towards a more distributed and collaborative model. This transition is essential for ensuring that AI serves the broader interests of humanity rather than the narrow goals of a few powerful organizations. The future of AI lies in its decentralization, and blockchain is the key to unlocking this potential. By leveraging the inherent security, transparency, and trustlessness of blockchain technology, we can build a more equitable, secure, and innovative AI ecosystem that benefits everyone.

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Theo Crypto News

Uniswap spikes nearly 10% amid bullish momentum

Uniswap (UNI) has seen a notable price increase of over 9.8% in the past 24 hours, breaking above as it defied broader market conditions. 

This surge in UNI’s price has pushed its market cap to .74 billion, placing it at 17th among the largest cryptocurrencies by market cap.

According to data from CoinGecko, the current UNI price represents a 17.1% increase over the last seven days and a 63.6% jump across 30 days. 

Uniswap 24-hour price chart | Source: CoinGecko

While Bitcoin (BTC) only made marginal gains of about 0.7% in the last 24 hours and Ethereum (ETH) gained 4.5%, UNI’s 9.8% uptick represented the highest gains of any coin in that period.

Highest gainers in the last 24 hours | Source: CoinGecko

However, the coin’s 24-hour trading volume of 9.2 million placed it sixteenth among the most traded cryptocurrencies in the last day, just above Dogwifhat (WIF) and below Toncoin (TON), whose price is up 2.6%.

Significant accumulation spurs optimism

The recent price hike for UNI follows significant accumulation by a wallet linked to the Amber Group, which bought around million worth of Ethereum and Uniswap.

According to Lookonchain, the wallet withdrew 987,053 UNI, valued at .6 million, and 2,638 ETH worth an estimated .2 million from Binance within a three-hour window.

Some market analysts have suggested that such substantial acquisitions by major players could signal strong confidence in UNI’s future prospects.

However, they caution that while large buys can trigger short-term price increases, sustaining this momentum may be challenging amidst market volatility.

Recent developments and future prospects

This latest surge marks the second consecutive day of rising UNI prices. The initial uptick began on June 14 following a cryptic message from the decentralized exchange on social media, as can be seen below: 

The message was followed by hints that Uniswap v2 is preparing to support a new layer-2 blockchain after onboarding Optimism, Arbitrum, Polygon, Blast, and Base.

In addition to these market movements, Uniswap Labs is making headlines in the crypto community with its acquisition of Crypto: The Game (CTG), a popular online survival game.

Many feel the game could further boost Uniswap’s profile and attract more investors to the platform.

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Theo Crypto News

Ethereum ETFs could go live in July, analyst says

Bloomberg analyst Eric Balchunas expects spot Ether (ETH)  exchange-traded funds (ETFs) to begin trading in the U.S. in July.

Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2.

The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as “pretty light” without major issues. 

He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared effective the following week, potentially before the “holiday weekend.”

Balchunas emphasized that while anything is possible, this is their best estimate at the moment.

On June 13, SEC Chairman Gary Gensler provided some clarity on ETH ETFs during his testimony to Senator Bill Hagerty.

Gensler indicated that he expects the S-1 filings for spot Ethereum ETFs to be approved by the end of the summer. This statement has reinforced the belief that while there may be some delays, approval will likely happen within the next few months.

Balchunas also mentioned that the issuers of spot Ethereum ETFs were waiting for feedback from the SEC’s Division of Corporation Finance (Corp Fin) on their S-1 filings, which they had submitted two weeks earlier.

He explained that this delay was attributed to Corp Fin reviewing these documents for the first time, highlighting that this unexpected situation stemmed from a likely last-minute political shift within the SEC, which surprised Corp Fin as well.

Balchunas further emphasized that there is uncertainty about how quickly Corp Fin could prioritize and process the filings. 

However, some observers believe Ethereum ETFs may not attract as much attention as Bitcoin  (BTC) ETFs because they do not offer staking capabilities.

SEC Commissioner Hester Peirce, known for her liberal stance on cryptocurrencies and nicknamed “Crypto Mom,” has expressed skepticism regarding the SEC’s treatment of Ethereum. Peirce has highlighted that historically, the SEC has categorized Ethereum as a security, unlike Bitcoin, which is classified as a commodity.

The SEC has maintained that Ether is a security, which introduces a distinct set of challenges compared to the approval process for Bitcoin ETFs,” Peirce remarked. 

The Ethereum ETF journey so far

The United States Securities and Exchange Commission (SEC) has initiated the approval process for Ethereum exchange-traded funds (ETFs), marking a notable advancement for the cryptocurrency industry.

On May 23, the SEC approved eight 19b-4 filings. However, trading of these ETFs cannot commence until they obtain the required approvals for their S-1 registration statements.

The 19b-4 forms are regulatory filings that propose amendments to current rules or regulations, facilitating the listing and trading of new securities. Approval of these forms signifies the SEC’s authorization for exchanges to list the ETFs, although it does not ensure immediate commencement of trading for the ETFs.

This progress represents a significant advancement in the approval journey for Ethereum ETFs, which the cryptocurrency community has eagerly awaited. 

Concurrently, the SEC is reviewing the S-1 registration statements filed by Ethereum ETF issuers. These statements offer comprehensive details about the companies and the specific securities they plan to offer. 

At the time of writing, the price of Ethereum (ETH) is hovering around ,562.97, representing a 2.5% increase in the last 24 hours. However, the world’s second-largest crypto is still down by 3.5% on the weekly timeframe, according to CoinGecko data.

 

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Theo Crypto News

Sharding tech makes 100x scalability and seamless interoperability a reality | Opinion

On the first Prime Day of 2023, Amazon facilitated the sale of 375 million items. Just one store, during one of its busiest days of the year, provides the ultimate convenience for its users—a testament to the decades of infrastructure development in web2.

Contrast this with the never-ending possibilities of a unified web3 ecosystem, which, although spoken of widely, seems increasingly challenging to achieve, characterized by fragmented systems, prolonged transaction times, and prohibitive costs.

Advocates of web3 have long sought to accelerate efforts to mirror web2’s seamless experience and benchmarks. The biggest impediment to this dream is ensuring scalable networks that retain decentralization with growth. 

Enter sharding tech. It has spoken widely and been experimented globally, and now, finally, it is a reality. From what the developer community has seen of it so far, it may well be the messiah the web3 community has been long waiting for. And rightly so!

Sharding tech at work

Let’s accept it. The existing web3 model is relatively slow, inefficient, and costly. It’s difficult to convince the majority of the world’s internet users, let alone companies and even the developer community, to make a fast switch from the simplicity and convenience of web2.

Sharding tech’s newfound emergence now makes it more than an urban myth. While the tech has been spoken of quite a bit by the industry’s titans, the launch of the recent Sovereign Chains is the first-of-its-kind application incorporating this groundbreaking tech. One that is bound to advance the use cases of the top L1s and hundreds of L2s looking to solve for scalability and interoperability. 

At its core, sharding involves splitting the network into smaller, more manageable pieces, maintaining security, speed, negligible costs, and energy efficiency even at times of exponential activity. Theoretically sound, its practical implementation in Sovereign Chains now proves that it can solve web3’s most pressing challenges, in a way that’s economical, developer friendly and extremely resource efficient. This means creating a blockchain capable of 100X scaling compared to Ethereum or Bitcoin, at a fraction of time and energy. 

One of the biggest sectors that will benefit from sharding tech is decentralized finance. It’s no secret that to compete effectively with the current financial system, web3 must offer solutions that are tenfold superior in every measurable way. By deploying sharding tech, it’s possible to ensure that end users not only achieve parity with the legacy system but also enjoy improvements such as globally fair access, open playing fields, transparency, value creation, privacy, and security. 

The tech is built in a way that allows premier defi platforms to no longer be bound by blockchain-specific limitations, enabling interoperability with other defi products on any major chain, eliminating liquidity fragmentation, and unlocking significant capital efficiency improvements.

Beyond defi, the applications of sharding-tech-powered Sovereign Chains extend to gaming, healthcare, supply chain, education, government, and enterprise sectors. In gaming, for example, high throughput and low latency, combined with adjustable transaction fees, enable radically different business models and gameplays. Developers can introduce innovative in-game reward structures, new economies, auctions, time-sensitive airdrops, and more, ensuring seamless user experiences regardless of scale.

Understandably, all this leads to the foundation for the first-ever interconnected web3 ecosystem, inheriting capabilities such as on-chain 2FA, native standards, user-friendly aliases and more, to address critical challenges hindering widespread adoption of web3.

Driving adoption from the ground up

To gain mileage for any major breakthrough in the web3 world, the first step is to take the developer community into confidence. Almost the opposite of how consumer products in the traditional world target end consumers. What’s common, though, is the purpose to simplify people’s lives by acting on the needs of early adopters.

Composability of digital assets and unbreakable security are other key advantages that come with sharding tech’s scalable architecture, enabling developers to focus on innovation rather than infrastructure.

Sharding tech provides a robust and scalable foundation for building the next generation of dApps and interoperability of L2s with major crypto chains like Bitcoin, Ethereum, and Solana. Something that’s much needed for developers to leverage multiple ecosystems’ strengths to create more versatile and powerful products for last-mile user consumption. 

The merging of various chains into an ecosystem goes beyond the traditional bridging of assets. Enhanced smart contract capabilities, custom VM environments, and comprehensive SDKs empower developers to create, test, and launch solutions that natively work on multiple chains more efficiently. This holistic approach lowers barriers to entry, inviting more talent, including the current web2 dev community, to explore blockchain tech without the limitation of past iterations. 

Advancing the case of Sovereign Chains

As the spotlight shines on the need for scalable web3 infrastructure in a world where security and data concerns are fast imploding, expect to see network features such as parallel processing, confidential transactions, or VM-specific improvements that can extend the inherent functionalities.

Achieving the seamless and expansive reach of existing web2 technology while fostering collaboration between chains is an ambitious yet attainable goal. Through sharding technology and the introduction of Sovereign Chains, it is now possible to not just dream but actually build a scalable, secure, and cost-efficient architecture that can support the creativity of current and future web3 developers.

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Theo Crypto News