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r/CryptoCurrencySee Comment

I’m actually the opposite, quite a bit of Atom and average holding of DOT. I like DOT, a lot but having a significantly larger mcap doesn’t suffice the risk I would be taking as they aren’t the first, only, or best at layer 0. So as an investment standpoint ATOM makes more sense but we both know it doesn’t matter which one does whatever better, it’s adoption. I actually see them both working together very well so I don’t think ones MCAP will eat into another. As for the layer 0 discussion, I thought the general consensus is a layer 0 is a protocol(s) that inter operate with all of its layer 1 chains together. I could see the argument against something like ADA being it uses side chains for its eUTXO model and you could certainly argue side chains aren’t layer 0. I don’t think you could argue Cosmos or DOT not being layer 0 though. You are correct that DOT is more decentralized in the fact that DOT doesn’t see degradation after a thousand or so validators while atom is at 200 and only allows the top 100 to operate. But again, that’s something another chain does even better with AVAX with its XPC chains. ATOM is the on-chain governance token of the cosmos ecosystem. Forkless run-time upgrades are interesting to say the least. I won’t comment on this as I honestly haven’t read too much into this aspect yet and glad you brought it up. I hold ADA, AVAX, DOT, and ATOM as my layer 0s. Only reason ADA is mentioned is because of the eUTXO model and it’s interoperability with ERGO which I think is up and coming. That ecosystem is more of a Hail Mary play as it has a ton of fleshing out the aforementioned have already done(yet it’s MCAP says otherwise). I do think UTXO will make a comeback with a lot of ETH and other cryptos problems stemming directly from its accounting model. UTXO is infinitely better and under no circumstance should any layer 1 (or really 0) be the backbone of any DEFI long term with MEV existing. Osmosis on ATOM realizes this and is doing a lot to minimize it. Without UTXO all those chains are prone to some kind of front running, reordering, or censoring transactions. Unfortunately, the market and devs don’t agree with me on that or else we would see some more UTXO and eUTXO layer 0s. I personally like DOT but it’s not some proprietary crypto that everyone is sleeping on like the original comment I was replying to was implying.

r/CryptoCurrencySee Comment

Supply and demand. It’s basic market fundamentals. Check out this video that does a really simple way of explaining it with reference to the stock market https://youtu.be/My8-2XPC6bw

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r/CryptoCurrencySee Comment

you can make Emblem Vault on Eth n Polygon(Matic) chain, they contain BTC(inc.XPC) ERC/MERC/XDAI-20/721 at moment, BSC is about to integrate soon. Use case is unlimited , what we have used so far donation, and soon staking start by using EV, you do not send to certain address instead just lock in yr EV n start staking, this is like store money in yr safe at home n receiving interest. but still there be so many use case,

Mentions:#BTC#XPC#BSC