In 2024, many outstanding blockchain projects will continue to drive the development of digital finance and infrastructure. Among these technologies, projects like Monero, Arbitrum, Kaspa, and Toncoin have unique features and are committed to enhancing privacy, scalability, efficiency, and decentralization. They play a significant role in addressing the limitations of the existing crypto world while promoting numerous use cases in decentralized finance, governance, and global transactions.
1. Monero enhances the privacy of blockchain transactions.
Monero (XMR) was born in 2014, aiming to facilitate private and untraceable digital currency transactions. Unlike Bitcoin, which has its transactions publicly visible on-chain, Monero uses complex cryptographic techniques to hide the identities of senders and receivers. Its main features include stealth addresses and RingCT, which ensure the confidentiality of transfer amounts and their sources.
The project prioritizes user privacy and security for all technical levels. Monero does not rely on optional privacy settings but enforces privacy by default, providing uniform protection for users throughout the network. Its ongoing development aims to improve protocol efficiency while maintaining privacy standards.
2. Arbitrum (ARB) enhances Ethereum scalability.
Arbitrum is an Ethereum Layer-2 scaling solution designed to minimize transactions and eliminate network congestion. It uses the Optimistic Rollup mechanism. It is compatible with Ethereum smart contracts while migrating computation and data off-chain. This approach allows for higher throughput and faster processing speeds at lower costs.
Arbitrum's governance is managed by a decentralized autonomous organization (DAO), and ARB is its native governance token. The network's roadmap for 2023 includes developments such as the Layer-3 framework Orbit; supporting multiple programming languages through Stylus; and expanding validator diversity. These updates enhance developers' flexibility and promote greater decentralization.
3. Kaspa (KAS): Achieves parallel block processing.
Kaspa (KAS) introduces a proof-of-work blockchain based on the GHOSTDAG protocol, supporting the simultaneous creation of blocks without producing orphan blocks. This method forms a block DAG structure, enabling high-frequency block generation and reducing confirmation delays.
The protocol currently generates one block per second and plans to expand to 10 or even 100 blocks per second. Kaspa's roadmap includes future support for lightweight clients through SPV proofs, reducing storage requirements through block data pruning, and potential Layer-2 scalability options. Its design aims to enhance throughput while retaining the security of traditional proof-of-work systems.
4. Toncoin (TON): Provides scalable blockchain support for Web3.
Toncoin (TON) is the native asset of the Open Network, a decentralized Layer-1 blockchain originally developed by the Telegram team. After regulatory intervention in 2020, TON was continued by an independent community and is currently led by the TON Foundation.
The network uses a proof-of-stake consensus model, which is energy-efficient and scalable. Toncoin provides comprehensive services within the blockchain, including payments, staking, and governance. Its blockchain architecture can manage high throughput and features smart contract functionality for decentralized applications. TON actively attracts integration across Web3 platforms by leveraging open-source code and community governance.
I never imagined that in just a few years, my life would undergo tremendous changes due to digital currencies.
In 2017, with a try-it-out attitude, I bought my first Bitcoin with 1,000 RMB. At that time, Bitcoin was hovering around several thousand yuan, and I didn’t expect it to rise much. However, in just a few months, Bitcoin's price skyrocketed, and my 1,000 RMB turned into tens of thousands.
After tasting some success, I began to delve deeper into blockchain and digital currencies, gradually investing in mainstream coins like Ethereum and Litecoin. I learned to read candlestick charts, analyze market trends, and even participated in some early-stage project private placements.
In 2018, the cryptocurrency market experienced a bull run, and my assets also increased significantly. I seized the opportunity and decisively cashed out part of my digital currencies to buy my first house in the city center.
Of course, the cryptocurrency market is not always smooth sailing. The bear market of 2019 caused me significant losses, but I did not give up; instead, I chose to continue learning and accumulating knowledge. I firmly believe that blockchain technology is the future trend, and the value of digital currencies will eventually return.
In 2020, the rise of DeFi (decentralized finance) reignited enthusiasm in the crypto market. I keenly captured this trend, actively participating in liquidity mining and staking, and reaped substantial rewards.
Now, I have achieved financial freedom, but I still maintain my love and exploration of blockchain technology. I understand that the crypto world is full of opportunities but also harbors risks. Only by continuously learning and staying rational can one ride the waves in the turbulent sea of cryptocurrencies.
My experience sharing:
Learning is fundamental: Understanding blockchain technology, the principles of digital currencies, and market trends is a prerequisite for investing.
Rational investing: Don't blindly follow trends; invest based on your own risk tolerance.
Diversify your investments: Don't bet all your funds on one project; diversifying can reduce risk.
Hold for the long term: The digital currency market is highly volatile, and holding quality assets for the long term is more likely to yield substantial returns.
Stay calm: Don’t be swayed by market emotions; a calm mindset is essential for making the right decisions.
The stories of getting rich in the crypto world are undoubtedly enviable, but the risks and efforts behind them cannot be ignored.
How to avoid anxiety when trading cryptocurrencies:
1. Research thoroughly before buying, including fundamentals, technical aspects, and the broader environment.
2. Develop a buying plan, including price, and divide into two or three purchases, always using limit orders; otherwise, you will have to keep staring at the candlestick chart, which will make you anxious and mentally exhausted.
3. Develop stop-loss and take-profit plans, which can use key positions for taking profits and stopping losses, or fixed price fluctuations. Stop-loss and take-profit orders should also be set to avoid constantly watching the market, as this will make you anxious.
4. Once you buy, set your take-profit and stop-loss levels, then do whatever else you need to do—don’t keep looking at the candlestick chart, as the more you look, the more anxious you become, the harder it is to control your actions, and the more mistakes you'll make.
5. Manage your positions well and avoid heavy positions.
If you feel anxious and uneasy, you need to reflect on where the problem lies. Is it due to a lack of confidence in this coin, insufficient research, not setting profit and loss limits, having too heavy a position, being eager to make money, or lacking patience? Then correct it in time to relieve anxiety. If you really can't shake it off, then liquidate your position, stop trading, go out and have some fun, or return to life, and come back after a while.
People always think about selling at the highest point and buying at the lowest point, repeatedly taking advantage of fluctuations; this is definitely the most satisfying way to capture all the gains.
However, in practice, this is very difficult, almost impossible to achieve. But we can get closer to buying high and selling low by developing good 'operational habits,' which is formally referred to as 'position management.'
For example, if I am optimistic about a token A and I am prepared to invest N yuan in it, and now I judge that it is in a retracement phase, close to my predicted position, what should I do?
Okay, first don't be blindly confident; your predictions aren't that accurate. Otherwise, you would have become wealthy already. However, since you've made a prediction, you can't help but act. You can take 1/4 of your total funds and make a base operation at your predicted position. If it rebounds, you don’t lose; if it continues to decline to another predicted position, invest another 1/4, and so on. Similarly, when selling, do it this way.
This is the most basic method of 'position management.' While it cannot guarantee you will achieve the highest and lowest points, an average operation can limit your risk and fear of missing out. Although the method has been explained, not many can execute it; it still depends on one’s execution ability.
Keep up with the trends, use precise strategies for analysis, and select from a large amount of AI big data to position yourself in an unbeatable position? The market never lacks opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
