introduction
The Ethereum network is known for its high transaction fees or gas fees. Some time ago, a whale who called himself Mr. Whale, admitted to buying a cup for 4 US dollars using ETH, and the gas fee was more expensive than the price of the cup he bought. The founder of Dogecoin, Billy Markus admits that he likes Ethereum but he regrets that the gas fee is too high.
After briefly moving in the range of US$ 1,700 - US$ 1,800, now the price of this second largest crypto asset with the largest capitalization has managed to break through the level of US$ 2,000. Referring to Coinmarketcap.com, the price of ETH at 4:50 p.m. WIB was at US$2,053.60, up 3.67% in the last 24 hours. Meanwhile, in the past week, it has strengthened 9.97% One of the factors that lifted the price of ETH was the statement from Tesla boss, Elon Musk that he was also collecting ETH in the middle of this week. Prior to this, the public assumed that Elon only owned the crypto assets Bitcoin and Dogecoin.
Meanwhile, Triv.co.id CEO Gabriel Ray explained, apart from the sentiment of Elon Musk's statement, the increase in ETH prices was also driven by the high daily transactions on the high chain lately. This is because ETH is included in Decentralized Finance (DeFi). In fact, he said the number of transactions was much higher than Bitcoin. “When the market is bullish, crypto investors move to look for interest and make transactions, therefore, the exchange also experiences an increase in transactions. This supports the bustling Ethereum ecosystem which ultimately raises the price of ETH,” explained Gabriel to Kontan.co.id, Friday (23/7). However, Gabriel said that one of the problems faced by ETH today is the unlimited number of ETH coins. This means that the supply becomes unlimited, in contrast to Bitcoin for example, which is limited to only 21 million. According to him, this condition makes ETH price movements like simalakama fruit.
The increase in the price of ETH means that the gas fee for transactions will also increase, even though the gas fee in ETH can reach US$ 150 - US$ 200, thus burdening investors, especially retail. If this condition continues, the DeFi ecosystem could be threatened. However, if the price does not increase, then the investors will be threatened.
●NEED TO NOTE FOR WE WHO LIKE DIGITAL MONEY, IN THE WORLD OF BLOCKCHAIN THERE ARE ALSO PROBLEMS THAT WE SHOULD UNDERSTAND, BECAUSE EACH CRYPTO ASSET HAS ITS STRENGTHS AND ADVANTAGES, IN SPEED EXAMPLE.●
The duration of time required for one Bitcoin transaction ranges from 10-30 minutes. Not infrequently this makes users feel difficult, both in terms of the sender and recipient of the asset.
Every 10 minutes, a new block is created and added to the blockchain chain. This process of adding blocks is known as mining. Each block will verify and record every new transaction that occurs. Those transactions will then be confirmed by the blockchain. As long as the new block has not appeared, the transaction cannot be confirmed. After the transaction is confirmed, the transaction message is sent to the Bitcoin blockchain and forwarded to all nodes on the network. Transactions that are still not confirmed will wait until the miner validates. This activity is known as the Mempool queue. Miner will validate it by solving complex mathematical algorithms as Proof of Work.
Stopped Mempool Queue There are many things that can cause the mempool queue to stop. One of them is the lack of miners in charge of validating transactions. So, when a transaction is made, the funds will be held in the Mempool waiting for confirmation from the blockchain network. As long as the funds have not been processed, the transaction will not be recorded by the blockchain. If the transaction is deemed invalid, then Mempool reserves the right to refuse the transaction. Apart from that, another reason is due to the high demand for Bitcoin transactions. While the amount of Bitcoin available is limited, so are other resources.
To overcome this, we recommend that you choose a crypto asset according to your needs. Because, each crypto asset has different advantages, disadvantages, and speeds in conducting transactions. for that I introduce OJA. with oja , little by little will ease the problem.
OJA is not a Token, but OJA is a Coin that has its own blockchain.
OJA is a high-speed, environmentally and cost friendly blockchain. It's explicitly built to speed up transaction with almost zero fee thanks to its power-efficient NIST5 winning algorithm. Our initial project is to build a user friendly cryptocurrencies exchange that always pays user back in OJA Coin as rewards instantly. So more transactions you make, more rewards you earn. ~ Shop also products or service from OJA's official partner merchant, and earn more OJA coin! ~ With OJA you can buy, sell, pay and earn on your terms.
• TRADING OJA
Buying and selling cryptocurrencies has never been easier. With OJA you can buy your favorite cryptocurrency at any time with a few simple clicks. With trading fees ranging from 0.12% to 0.27% and rebates for market makers, OJA fees are among the lowest in the industry. As a global integrated trading platform, OJA is designed to provide a wide range of transactions such as spot and futures trading, over-the-counter trading, network-wide trading and decentralized trading. The OJA platform infrastructure supports a variety of transactions with high security. This offers investors the opportunity to make high volume transactions quickly and without interruption. The trading model of the OJACOIN platform efficiently matches the market depth of major exchanges around the world while providing high liquidity.
• PAYMENT OJA
With OJA you can also make payments to merchants, send money to friends, or instantly convert your OJA into local currency and other cryptocurrencies through our partner exchanges. It is a safe and secure way to use and transfer funds. OJA Payments is a payment solution that can be easily and seamlessly integrated into any business that wants to start accepting OJA or any cryptocurrency as payment. For example, to pay for a service or product, the buyer only needs to complete the payment, log into the OJA account, and confirm the payment.
Oja—associating an ethnic grocery delivery service with a mission to manage diverse and diverse communities' access to the best in culture-making—has raised $3.3 million in Seed funding to develop its app which, it is hoped, will produce it UK's first online, ethnic grocery. Founded in 2020 with the thought that no matter where we live, they should be ready to access merchandise from any culture, Oja diversifying the grocery trade with ethnic golf products is just a click or two away. A grocery trade that has historically failed to meet the growing cultural diversity of Great Britain and Europe, and one that has barely innovated across this space for several years. Through the Oja app, customers from a large and growing culture can order manufacture from a variety of the best suppliers, handpicked by the Oja team. Oja — that's Yoruba, Nigerian, for "market" — then delivers orders from its own warehouses and dark stores to homes across London. At launch, Oja focused on Afro-Caribbean culture, a major community of importance in the capital, and plans to expand further to include multiple cultures, and many national communities in the coming years. “Food by itself is coupled with the administrative unit we tend to deal with directly and therefore the way we tend to relate to our culture. It offers America how familiar, it evokes emotions and memories,” explains Mariam Jimoh, founder of Oja and winner of the latest Forbes thirty under thirty award. “It is a way of affiliation between family and friends through shared meals, recipes that are passed down from generation to generation, and there is a story behind the food. each represents a marker of our identity. At Oja, we don't just build another grocery delivery platform. We are building an online destination for cultural communities; one that allows us to connect with their heritage and feel how happy it is. anywhere and even though it looks like home to them.”
OJA Coin cares about its community. So, the community will receive a reward from time to time. We have planned several airdrops. In addition, the community will be rewarded by being active in chat groups, social media, and helping promote projects. The community can promote OJA on Youtube, Tiktok, Twitter, Facebook and Instagram. 37 million OJA Coin allocated for community rewards. GIFT HOLDER OJA also cares about its holders. We want to keep the value of the OJA coin increasing. All Pre-sale & ICO Holders will be rewarded up to 60%+ of the amount they hold if they HOLD their airdrop reward for a certain period of time and don't sell. 10 million OJA Coin is allocated for this holder's reward. TRADE GIFTS We know that crypto transactions and gas fees can be detrimental. There's not much we can do as a part to keep the ecosystem running, but the good news is, OJA gives you some of the fees paid back to you in OJA Coin. Using the OJA Platform to make cryptocurrency trading users will receive rewards in OJA coins. The more transactions they make, the more OJA coins they earn. This makes crypto transactions more interesting and useful for everyone. 50 million OJA Coins are allocated for this trading reward.
•need to pay attention
OJA Coin is an open-source and fully decentralized digital currency that allows anyone to make payments instantly with almost zero transaction fees. Thanks to the 1 minute block time and proof-of-work mining algorithm. As a result, traders get faster confirmation times, but with very low transaction fees that are close to zero. This is definitely a smart choice for those who like the most cost-effective way to make transactions. The OJA Coin network is scheduled to generate 720,000,000 OJA, and miners are awarded 500 new OJA per block. OJA Coin is not only fast, but also safer and saves more energy. It's better for you, your customers, and your environment.
•FEATURE
Decentralization:
Using peer-to-peer technology to manage transactions without a central authority or banking system. Efficient : Highly secure and power-efficient architecture thanks to the NIST5 winning algorithm. Performance : Instant and nearly zero transaction fees thanks to the OJA algorithm and 60 second block time. SPECIFICATION COIN Crypto Name: OJA Coin Ticker: OJA Consensus: Proof of Work Algorithm: NIST5 Total Supply: 720,000,000 OJA Est. Market Cap: $72,000,000 Block Time: 60 Seconds Block Size: 10 MB Transactions Per Second: ~800 Retargeting: Every Block Lightning Network: Yes Atom Swap: Yes (Barterdex) Foundation: Yes Pre-mining: 40%
visit the link to learn more about the oja platform:
https://github.com/ojacoin/ojacoin
https://explorer.ojacoin.info/
https://explorer.ojacoin.info/info
https://account.ojacoin.info/
https://wallet.ojacoin.org/
https://ojacoin.org/download/mac.zip
https://ojacoin.org/download/windows.zip
https://ojacoin.org/
https://t.me/ojacoin_org
http://twitter.com/ojacoin
https://www.facebook.com/ojacoin.org
https://instagram.com/oja.coin
https://www.linkedin.com/company/ojacoin
https://medium.com/@ojacoin
•information buy oja coin
here's how to just buy coins and an explanation of the oja wallet
You can buy OJA Coins through our OJA Trading Platform. First of all you need to deposit fiat into the account. You can deposit fiat using other cryptocurrencies or payment methods such as fiat bank transfer or iDeal (Netherlands), Qris, Gopay, OVO, or even at convenience stores like Alfamart or Indomaret (the biggest convenience store in Indonesia)
•wallet oja
Using an OJA wallet will provide you with a safe, convenient, alternative way to store your funds. OJA is very concerned about security with world-class standards to protect your funds at all times. Along with its campaign projects and sponsors, OJA gives its users the opportunity to experience blockchain technology in the easiest way. With OJA Wallet, our users will have the opportunity to participate in campaigns and earn OJA by partnership agreement. OJA is a wallet system to be developed for fast, secure and easy transactions in a separate ecosystem from the OJA crypto trading platform. Thanks to dedicated applications built on desktop, mobile and web platforms, people will be able to use OJA wallet 24/7 and transfer funds at very low transaction fees and at high speed.
•roadmap
OJA is planned to be listed on several major exchanges
☆ INDODAX
☆ TOKO CRYPTO
☆ KUCOIN
☆ COINDEAL
☆ HUOBI GLOBAL
In the early stages of development of the OJA Platform, you can also buy OJA Coin at very low prices, starting from $0.025/OJA . You can buy OJA Coin Pre-sale on the official OJA website ojacoin.org or their trading platform (beta) at wallet.ojacoin.org. This limited offer is only available during the OJA Coin Pre-sale & ICO period. After that OJA Coin will be launched to the public at a price of $ 0.10/OJA.
#ico #crypto #presale #ojacoin
Author
Username : Bilykerap
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2251838
My Bsc wallet : 0x49B13afDf5051191D0146bbCF74f03c871829a47
Username telegram : @Tachini0