Lalisa

@lalisab

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10 Followers

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Claiming my @socialtoken airdrop and crediting @ojas202 with my social airdrop for being a great friend

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https://warpcast.com/zora/0x5cfc3df3 Join this every one, Far x Zora x Base

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Understanding Base: A Scalable Ethereum Layer 2 Solution Base is a Layer 2 solution built on Ethereum, designed to improve scalability, reduce transaction costs, and enhance the overall performance of decentralized applications (dApps). By using rollups, Base enables faster and cheaper transactions without compromising security. This solution leverages the security of Ethereum’s Layer 1 but processes most transactions off-chain. As a result, developers and users can interact with the Ethereum network more efficiently, making it a go-to choice for those looking to build scalable applications. Why Base Matters? The growing demand for Ethereum has highlighted its scalability challenges, often resulting in higher gas fees and slower transactions. Base’s Layer 2 approach resolves these issues by aggregating transactions into batches, sending them back to Ethereum’s mainnet in a compressed form. This dramatically reduces the network congestion and costs, benefiting both users and developers.

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Think we're gonna see a weird situation where things get progressively worse within the US over the next 20 years but it paradoxically becomes even more dominant economically vs rest of world... If you look at other major world economies they all seem to have even bleaker prospects comparatively... Only other major economy with better short term trajectory is probably India due to being on cusp of its 'demographic dividend' period like China was in the 2000's or Japan was in the 1980's (ie the period around 20-50 years after birthrates decline when you have a disproportionate number of working adults relative to kids and elderly). I do think more and more wealth will flee into gold and crypto and the Weimarization process will continue obviously but compared to other top 10 countries its hard to see the US not outperforming no matter how chaotic and dysfunctional things get within it politically.

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Layer 2 solutions for Ethereum face several challenges in terms of adoption, which can hinder their widespread use. Here are some of the key challenges: User Awareness and Education: Many users are still unfamiliar with Layer 2 technologies and how they work. There is a need for better education and resources to help users understand the benefits and functionalities of these solutions. Trust and Security Concerns: Users may have concerns about the security of Layer 2 solutions, especially given the history of hacks and exploits in the crypto space. Trust in the underlying technology and the teams behind these solutions is crucial for adoption. Regulatory Uncertainty: The evolving regulatory landscape surrounding cryptocurrencies and blockchain technology can create uncertainty for users and developers. Concerns about compliance and potential future regulations may hinder investment and adoption.

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Key Highlights: - The SEC accused TrueCoin LLC and TrustToken Inc. of fraud and selling unregistered investment contracts. The agency claims these companies made misleading statements about TUSD's backing. - In a recent governance forum post, Wormhole, a cross-chain messaging protocol, suggested reducing the upper limit on TUSD backing for crvUSD to zero. This is aimed at mitigating regulatory risk and addressing concerns over TUSD's solvency. - The PegKeeper liquidity pool allows users to mint up to $10 million in crvUSD using TUSD. However, the proposal indicates that crvUSD is overexposed to minor stablecoins, particularly TUSD, which has faced scrutiny. - The proposal also recommends reducing the mintable amount for Paypal’s stablecoin, PYUSD, from $15 million to $5 million, aligning with the significance of each PegKeeper pool.

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Altcoins are about to break out of a multi-month downtrend. Q4 is set to be an exciting quarter, but if you want to maximise it - you MUST be holding the right altcoins. 🧵: A MEGA-THREAD of 25 altcoin charts I'm focused on for Q4.

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keep working, work to earn, keep steaking and belive in base

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Base is a Layer 2 solution developed by Coinbase, designed to enhance the Ethereum ecosystem. Here are some key points about Base: Layer 2 Solution: Base operates as a Layer 2 network on Ethereum, aiming to provide faster and cheaper transactions while leveraging Ethereum's security. Focus on Public Goods: The platform emphasizes supporting public goods and aims to foster a community-driven approach to development and governance. Growing Ecosystem: Base has been attracting various projects and developers, contributing to its growth and increasing Total Value Locked (TVL), which has reached around $1.5 billion. Security Challenges: Like many new platforms, Base has faced security issues, including exploits and hacks, which have raised concerns about the safety of projects built on it.

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Bought Meet Reown: The onchain UX platform

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Enhanced Collaboration: It allows different blockchain networks to work together, enabling developers to create applications that can access and utilize data from multiple sources. Improved User Experience: Users can interact with various blockchain applications without needing to understand the underlying complexities of each chain, leading to a more seamless experience. Data Utilization: By enabling data to flow freely across chains, Base helps unlock the potential of data that may be siloed in specific networks, fostering innovation and new use cases. Scalability: As the blockchain ecosystem grows, interoperability will be crucial for scaling applications and services, allowing them to tap into a broader range of data and functionalities.

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A base in blockchain refers to the underlying infrastructure, or the primary protocol, of a blockchain network. This foundational layer handles essential functions like transaction validation, block creation, and consensus. Base layers typically have native tokens (e.g., Bitcoin, Ethereum) and serve as the backbone for decentralized applications (dApps) and smart contracts. Blockchain scaling solutions, like Layer 2 networks or sidechains, are often built on top of this base to enhance performance and reduce congestion.

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