⚡️ Wrote a short article about the main usage difference between DeFi and bitcoin. Don't forget to share your opinion via reactions or in the comments 👇🏻

We asked our corporate crypto-psychic to look at the stars, calculate the best karmic hours to buy coins and this is what we found out for each zodiac sign!

For each like we will send her 2 BTCMT as a thank you 🤡

⚡️ PoW Blockchains: Decentralization and Censorship

Today, fewer and fewer blockchains use PoW technology while PoS networks are favored. Despite the fact that PoS has a huge number of advantages, such as energy efficiency, increased resilience, improved scalability and broad adaptability, it also has some significant drawbacks. One of the main disadvantages of such blockchains is centralization. This disadvantage has become particularly noticeable with the emergence and flourishing of liquid steakings such as LIDO.

The technical entry threshold for PoS blockchain validators has become much lower than it was for PoW. Instead of a farm of asics or graphics cards, it now requires only a single computer connected to the network. This greatly simplifies the ability of single validators to participate in consensus. Without additional hardware costs, validators will be able to validate blocks or even produce them with luck. However, there is still a high entry threshold from a financial perspective for PoS network validators.

For example, on Ethereum the minimum amount of ETH needed to become a single validator is 32. At the current exchange rate, that's about $96,000. However, this problem is completely solved by liquid staking protocols, where you can deposit any amount of free tokens without taking into account the small commission and receive income as if you were a full-fledged network validator

Solving this problem as it is actually holds a much bigger danger — network centralization. Using the same Ethereum as an example, we can see that more than 80% of all funds in staking are provided by just 1 liquid staking protocol. This carries two serious problems — uneven geographic distribution of validators and censorship.

Blockchain censorship seems absurd, as the blockchain was originally created for the exact opposite purpose, but the reality is much worse. Even now, some transactions that are related to the operation of Tornado Cash or other protocols prohibited for use in some countries are not added to the blockchain. They are processed by only a small number of independent single validators, which obviously decreases the speed of their processing and inclusion in blocks. Geographical skewing of validators is also a consequence of the emergence of liquid staking, as in order to optimize costs and reduce possible risks associated with the loss of Internet packets, subordinate validators are placed physically close to each other. As a result, transactions sent from another continent have fewer privileges than transactions sent to a network near a cluster of nodes.

These problems are also exacerbated by the fact that in PoW networks, periodic hardware changes are required to improve computing power or energy efficiency, while in PoS networks this is not necessary to improve profits. As a result, this fact leads to capital accumulation and retention in the hands of large owners who invest the rewards earned in staking back into it. This leads to a constant increase in their funds, which under this system of operation can lead to irreparable consequences in the future. In this case, the expediency of network participants with small capital is negated, because the more funds are blocked in staking, the smaller rewards all validators receive.

To summarize, we would like to note that the PoS network protocol needs various updates and improvements. That is why bitcoin and other large PoW-based blockchains are the most decentralized of all, despite the «obsolescence» of their consensus algorithms.

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While everyone is having a Solana summer, we're announcing a week of Ryan Gosling memes.

Like = you're a Ryan fan too ❤️

Without words 🤡

Here's how our team sees the CEO when he gets home on a Friday night. No exaggeration 🔥

Thanks for your reactions! We thought we'd add fuel to the fire and have a contest so you can share your favorite Ryan meme too. 

Post your cryptomemes in the comments and we'll the best one and send a prize your way. 

P.S. the number of memes is unlimited

The results will be in on Wednesday. Good luck!❤️

How can you pass by without joking about the market situation? By the way, we're holding up 🤡

🗞️ Barely had time to mine some bitcoin, and it's July already. We've gathered some interesting news and events from last month:

➡️ The number of crypto ATMs installed is nearing an all-time record. The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines removed in 2023.

➡️ In the United States, for the first time in history, a jury declared cryptocurrency to be a security, so manipulating its exchange rate received the status of securities fraud.

➡️ Bybit surpassed Coinbase in March to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko.

➡️ El Salvador's pro-Bitcoin president Nayib Bukele is proposing the establishment of private investment banks within the nation, which if approved, will offer Bitcoin.

➡️ The SEC has launched a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker.

We are starting: staking works great, whether you want BTC or BTCMT, it's stable every day 🔥

When building a mining farm in Minecraft got out of control…

Don't forget to leave a like to show your appreciation for the hard work!🔥

Despite the global trend of cryptocurrency adoption, there are several countries where it is better to avoid using it if you don't want to pay a fine or even end up in jail.

China 🇨🇳 is one of the best-known countries that bans cryptocurrencies. In 2021, the Chinese government tightened measures to ban mining and all cryptocurrency transactions, citing money laundering concerns.

In 2022, the Central Bank of Egypt 🇪🇬 once again issued warnings against cryptocurrencies due to their high risks, unstable value, and use in financial crimes.

In 2017, Moroccan authorities 🇲🇦 declared cryptocurrencies illegal, citing a lack of control and fraud risks. Subsequently, severe penalties were introduced for cryptocurrency transactions.

In Bangladesh 🇧🇩, cryptocurrencies have been banned since 2014. The country's central bank stated that the use of cryptocurrencies violates currency exchange regulations and can lead to legal consequences for users.

Now we know exactly where not to brag about being a crypto investor 🤡

Here’s a question our admin received in their private messages recently. You might laugh and think, «What nonsense?» but our answer is, «Yes, but under certain conditions».

We are ready to tell you more about it in detail if we get 30 reactions here 😊

$BTCMT or $BTCMTI: which one is correct?

Many users fall for scams where fraudsters not only copy the project's name but also create tokens with identical names. Both beginners and experienced individuals might find it difficult to immediately recognize that the project is a duplicate and its tokens are worthless.

Here are three tips to avoid falling victim to scams in your portfolio:

Access project social media channels only through the official website. Avoid searching for the project's name on Twitter or other social media platforms. Search engine links often lead to scams, sometimes even with the correct HTTP headers in search results. Therefore, always double-check the headers after accessing the site.

Be cautious of fake Twitter accounts promising token giveaways. To help identify spam in your news feed, you can use the browser extension from DefiLama. It will automatically highlight scam messages in red.

Use reputable cryptocurrency exchanges and platforms that thoroughly vet listed tokens to minimize the risk of encountering fraudulent projects. If you are unsure about a project's authenticity, you can find the original or desired token on websites like CoinGecko and DefiLama. These sites provide detailed information about projects, including TVL, token price, audit status, and links to social media, among other things.

React if this post was useful🔥

Meet the Minto team at one of the biggest crypto events of the year - Bitcoin 2024! We will unveil a major project update and share all the details for the first time right there.

Make sure to find us if you plan to attend. We'll tell you how to do it a bit later.

By the way, rumors are circulating that the 45th President of the United States, Donald Trump, will be one of the speakers. Are we expecting a market pump live on air?

❤️ - Yes
🔥 - Absolutely