Reminder: Research performed during and after the "block size war" revealed that blocks larger than ~300k are NOT safe or sustainable.
Despite that, small blockers compromised/lost and Segwit increased the #Bitcoin block size limit to 2-4 MB, over 12 times the safe size.
Don't let people gaslight you into thinking the block size limit is sufficient by itself to mitigate spam. Spam pushes block sizes much closer to the 4 MB cap, while real transactions would max out close to 2 MB.
nicolas:
Become a KYC Validator if you've finished KYC! Help other Pioneers in your country or region complete KYC, get rewarded in Pi, and move the network closer to its Open Network goals in2024! Reply
Price of $ETH is backed to $3,300 and Franklin Templeton lists Ethereum ETF on DTCC, is it finally a good time to buy some L2 tokens ? 🤔
Find the answer with our AI: ai.0xscope.com/home/10x
For $OP, in the past week, exchanges saw a net outflow of 16,898,644.37 OP (worth $42,208,780.0). Investors may be relatively bullish on the token, opting to buy and transfer it to their wallets for storage. The average withdrawal price for OP was $2.49, which could reflect some investors' holding costs.
For $ARB, 113 Smart Money addresses purchased 992,475.83 ARB tokens, or $1.16 per token. They have sold 24.12% of their purchased ARB, gaining 4.5% in returns. The relatively low sell ratio suggests that Smart Money addresses may still be optimistic about the token and have chosen to continue holding.
Checkout the full report here:
ai.0xscope.com/home/10x