BearPunks on Base Meet the BearPunks: Sweet pixel art bears coming to you as PFP art collection. For sure, you will love them, they are CC0 and inspired by Larva Labs CryptoPunks. BearPunks will join the CryptoTeddies ecosystem, both created by numo (@numo_0).

BearPunks - Collection | OpenSea

OpenSea is the world&#x27;s first and largest web3 marketplace for NFTs and crypto collectibles. Browse, create, buy, sell, and auction NFTs using OpenSea today.

BANGERS - Collection | OpenSea

When the fate of Base is at stake, the only chance of survival are the Based Apes. A collection of 5,000 Futuristic Apes on Base, aiming to push the boundaries of Base for the better!

Based Apes - Collection | OpenSea

Co-Museum Founder's Pass - Collection | OpenSea

10,000 Based Cats on the Base Blockchain. Generative Pixel Art Purr-fection by Mandarinemarie

Based Cats - Collection | OpenSea

Skip to main content · Mfer Puppets · more_horiz · Items · 3,695 · Created · Apr 2024

Mfer Puppets - Collection | OpenSea

2446 boundless Ape invade the BASE world ⚔️ They&#x27;re armed, irritable, and dangerous!⚠️

Boundless Ape - Collection | OpenSea

Panachik is a 10,000 NFT collection meticulously crafted for the Base blockchain by the designer McP. McP is a well-established figure in the NFT community, verified and experienced MAYC owner. Panachik collection showcases distinctive 3D style, almost 200 unique traits and 10K random combinations.

Panachik - Collection | OpenSea

based puppets - Collection | OpenSea

OpenSeed

openseed

After a 3-month interval following the Pre-Series A funding, Lumoz receives another good news! On May 29th, Lumoz, the modular compute layer and ZK-RaaS platform, officially announced the completion of a new strategic funding round. Participating investors include IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Capital, EVG, SevenUpDAO, Sweep Ventures, among others. The specific amount of funding has not been disclosed. Prior to this, in March 2024, Lumoz raised a Pre-Series A funding round with a valuation of $120 million. Participating institutions included Hashkey Capital, OKX Venture, Kucoin Ventures, Polygon, Comma3, Waterdrip, YBB, Kernel Ventures, D11-Labs, MH Ventures, Kronos Research and Fermion Capital. The Lumoz team revealed that the new funds will be used to further expand the Lumoz team, develop the modular computing power layer, and advance the construction and technological innovation of the ZK-RaaS platform. "After the announcement of the previous funding round, many venture capitalists eagerly approached Lumoz, prompting us to initiate another strategic funding round within a short timeframe. In this round, we have once again attracted a group of exceptional investors and partners who have full confidence in Lumoz's vision, products, and team. They are enthusiastic about providing multi-faceted support, including funding, expertise, and resources, which will undoubtedly have a positive impact on Lumoz's future," Lumoz CEO & Co-founder Nanfeng said. Over the past six months, Lumoz has entered a new phase of development. The successful launch of the ETH Layer 2 network, ZKFair, and the BTC Layer 2 network, Merlin Chain, has made Lumoz's "one-click chain deployment" a focal point of market attention. Currently, Lumoz is receiving an increasing number of customer demands, and it is anticipated that dozens of ZK-Rollups will be generated through Lumoz's RaaS platform and supported by its underlying computing power in the latter half of this year. For a ZK-Rollup, the computational cost of ZKP far exceeds that of data availability (DA), even accounting for more than 50% of the total cost. Therefore, the computational gap in this area and the immense market potential are significant. In response, Lumoz has taken the lead in introducing the Modular Compute Layer, which effectively utilizes idle computing power in the market to provide modularized computing support for ZK-Rollups. In terms of implementation, Lumoz's unique ZK-PoW algorithm efficiently combines miners' computational resources with various Rollups, enabling the provision of distributed computing power for various ZK-Rollups and the generation of ZKPs. At the same time, Lumoz continues to make continuous improvements in ZKP computation and submission. Recently, Lumoz introduced support for Op Stack + ZK Fraud Proof, pioneering a new mode for L2 architecture. Following this, they launched zkProver and zkVerifier based on EigenLayer, significantly enhancing computational and verification efficiency. These advancements ensure the security and profitability of the entire process. The latest roadmap reveals that Lumoz will soon release a new AI + PoW Chain, multiple ETH Layer 2 chains, Layer 3 chains, and BTC Layer 2 chains. Additionally, Lumoz will open the decentralized node registration globally to ensure network security after the Mainnet launch. Stay tuned for more updates! After a 3-month interval following the Pre-Series A funding, Lumoz receives another good news! On May 29th, Lumoz , the modular compute layer and ZK-RaaS platform, officially announced the completion of a new strategic funding round. Participating investors include IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Capital, EVG, SevenUpDAO, Sweep Ventures, among others. The specific amount of funding has not been disclosed. Lumoz Lumoz Prior to this, in March 2024, Lumoz raised a Pre-Series A funding round with a valuation of $120 million. Participating institutions included Hashkey Capital, OKX Venture, Kucoin Ventures, Polygon, Comma3, Waterdrip, YBB, Kernel Ventures, D11-Labs, MH Ventures, Kronos Research and Fermion Capital. raised raised The Lumoz team revealed that the new funds will be used to further expand the Lumoz team, develop the modular computing power layer, and advance the construction and technological innovation of the ZK-RaaS platform. The Lumoz team revealed that the new funds will be used to further expand the Lumoz team, develop the modular computing power layer, and advance the construction and technological innovation of the ZK-RaaS platform. "After the announcement of the previous funding round, many venture capitalists eagerly approached Lumoz, prompting us to initiate another strategic funding round within a short timeframe. In this round, we have once again attracted a group of exceptional investors and partners who have full confidence in Lumoz's vision, products, and team. They are enthusiastic about providing multi-faceted support, including funding, expertise, and resources, which will undoubtedly have a positive impact on Lumoz's future," Lumoz CEO & Co-founder Nanfeng said. Over the past six months, Lumoz has entered a new phase of development. The successful launch of the ETH Layer 2 network, ZKFair, and the BTC Layer 2 network, Merlin Chain, has made Lumoz's "one-click chain deployment" a focal point of market attention. Currently, Lumoz is receiving an increasing number of customer demands, and it is anticipated that dozens of ZK-Rollups will be generated through Lumoz's RaaS platform and supported by its underlying computing power in the latter half of this year. For a ZK-Rollup, the computational cost of ZKP far exceeds that of data availability (DA), even accounting for more than 50% of the total cost. Therefore, the computational gap in this area and the immense market potential are significant. In response, Lumoz has taken the lead in introducing the Modular Compute Layer, which effectively utilizes idle computing power in the market to provide modularized computing support for ZK-Rollups. In terms of implementation, Lumoz's unique ZK-PoW algorithm efficiently combines miners' computational resources with various Rollups, enabling the provision of distributed computing power for various ZK-Rollups and the generation of ZKPs. At the same time, Lumoz continues to make continuous improvements in ZKP computation and submission. Recently, Lumoz introduced support for Op Stack + ZK Fraud Proof, pioneering a new mode for L2 architecture. Following this, they launched zkProver and zkVerifier based on EigenLayer, significantly enhancing computational and verification efficiency. These advancements ensure the security and profitability of the entire process. support support launched launched The latest roadmap reveals that Lumoz will soon release a new AI + PoW Chain, multiple ETH Layer 2 chains, Layer 3 chains, and BTC Layer 2 chains. Additionally, Lumoz will open the decentralized node registration globally to ensure network security after the Mainnet launch. Stay tuned for more updates!

Lumoz Successfully Concludes Strategic Round - Registration of Decentralized Nodes Will be Opened 

লুমোজ সফলভাবে কৌশলগত রাউন্ড শেষ করেছে, বিকেন্দ্রীভূত নোডগুলির নিবন্ধন খোলা হবে 

Lumoz schließt strategische Runde erfolgreich ab, Registrierung dezentraler Knoten wird eröffnet

Lumoz concluye con éxito la ronda estratégica y se abrirá el registro de nodos descentralizados 

Lumoz conclut avec succès le cycle stratégique et l'enregistrement des nœuds décentralisés sera ouvert 

लुमोज़ ने रणनीतिक दौर का सफलतापूर्वक समापन किया, विकेंद्रीकृत नोड्स का पंजीकरण खोला जाएगा

Lumozが戦略ラウンドを成功裏に終了、分散ノードの登録が開始される

Lumoz는 전략적 라운드를 성공적으로 마치고 분산형 노드 등록이 시작됩니다 

Lumoz conclui rodada estratégica com sucesso, registro de nós descentralizados será aberto 

Lumoz успешно завершает стратегический раунд, будет открыта регистрация децентрализованных нод 

Lumoz Stratejik Turu Başarıyla Tamamladı, Merkezi Olmayan Düğümlerin Kayıtları Açılacak 

Lumoz kết thúc thành công vòng chiến lược, đăng ký các nút phi tập trung sẽ được mở 

Lumoz 成功完成战略轮融资，将开放去中心化节点注册

In this session of our "Behind the Startup" series, we sit down with Zad, the visionary founder of OpenCred, to explore the revolutionary concept of tokenizing trust in the Web3 environment. As a Stanford-certified expert in blockchain and cryptography, Zad discusses the inception of OpenCred, its unique approach to digital identity through eSFT tokens, and its ambitious mission to reshape social and economic interactions online. Ishan Pandey: Hi Zad, great to have you here for our "Innovators in Web3" series. Can you tell us about your background and what led you to create OpenCred? Zad: As a postgraduate in Blockchain Strategy and Stanford-certified cryptography expert, I have spent years conducting cutting-edge research in asset tokenization, DID, and cybersecurity. Trust is actually one of the most difficult things to measure and quantify, no matter “IRL” or online. Now with blockchain and tokens we finally have the tools to tackle this problem in a novel way. I founded OpenCred to bring tokenized trust to the Web3 industry, unleash the hidden potential that lies in social relationships, and eventually enable the establishment of a decentralized society. Ishan Pandey: Could you start by explaining what OpenCred is and what specific gap in the Web3 space it aims to fill? Zad: OpenCred is a decentralized Web3 credit protocol that applies a new token standard called “eSFT” to tokenize trust relationships into tangible and quantifiable economic assets. Our vision is to empower users to monetize their online activity while guaranteeing data privacy and ownership. By providing a blockchain-based solution for establishing and measuring trust relationships, OpenCred fills a crucial gap in the Web3 ecosystem: enabling trustworthy interactions and collaboration without relying on centralized intermediaries or KYC. Ishan Pandey: In the deck, you mention that OpenCred introduces a groundbreaking trust value (credit) quantification for Web3. Can you elaborate on how this works and why it's important? Zad: OpenCred aggregates both on-chain (e.g., DeFi TVL, smart contract interactions) and off-chain data (e.g., social media followers and interactions) to tokenize trust in the form of CRED tokens. This means users can increase their personal trust value by increasing their online activity and footprint. Each CRED is unique to the user and contains a number of fungible Score Tokens (ST) that determine the value of a user’s CRED. By thus providing a measurable and objective way to assess trustworthiness, OpenCred enables secure, traceable, and efficient trust-based interactions in various Web3 applications, such as social media, e-commerce, DeFi, and gaming. This groundbreaking mechanism is crucial for fostering a trustworthy environment in the digital space and enabling countless new use cases in many areas from B2B to B2C to C2B to C2C. Ishan Pandey: The CRED token seems to be a key component of the OpenCred ecosystem. Can you explain its dual nature as a semi-fungible token and how it represents both identity and trustworthiness? And how does this design benefit users of your platform? Zad: CRED tokens are a groundbreaking innovation of OpenCred, creating a new token standard we call embedded semi-fungible token (eSFT) that combines both non-fungible (unique) and fungible (interchangeable) properties. The non-fungible part of the token represents a user's unique identity within the OpenCred protocol, ensuring that each user has a distinct and verifiable presence. On the other hand, the fungible part of the token quantifies the user's trustworthiness, which is determined by their interactions (on-chain & off-chain) and the amount of CRED tokens they receive from others. This design benefits users by empowering them to monetize their online activity and social relationships. Moreover, by tokenizing trust and making it quantifiable and tangible, we are creating a new kind of asset that simply has not existed before, thereby creating huge value. Ishan Pandey: How does sending CRED between users facilitate the building of a trustable and quantifiable social graph in Web3? Zad: When a user sends CRED tokens to another user, they are essentially establishing a trust relationship that is recorded on the blockchain. This transaction signifies that the sender trusts the recipient to a certain degree, based on their interactions, reputation, or other factors. As users continue to interact and send CRED tokens to each other, a dynamic, evolving on-chain social graph emerges. The social graph is quantifiable and traceable. This quantification of trust enables users to make informed decisions when interacting with others, as they can assess the trustworthiness of potential collaborators, partners, or service providers based on their position in the social graph. Ishan Pandey: With OpenCred positioning itself as a provider of "Trust as a Service," how do you ensure the reliability and security of the trust metrics generated by your protocol? Zad: There is a clear friction between incentivizing users on the one hand and ensuring the authenticity of trust relationships on the other hand. We are aware of this and will tackle this problem in multiple ways. First of all, we will connect the sending of CRED with some actions such as “follow”, “like”, etc., so that the transfer of CRED corresponds with the establishment of a meaningful trust relationship. Secondly, we will implement punishments for sybil attackers and other malicious behavior. Additionally, OpenCred implements a multi-layered governance model that involves community participation and decentralized decision-making. This approach helps to maintain the integrity and fairness of the trust metrics, as the community can collectively monitor and flag any suspicious activities or attempts to manipulate trust scores. To further enhance the reliability of trust metrics, OpenCred incorporates a reputation staking mechanism, where users are required to stake a portion of our governance tokens to participate in trust-building activities. OpenCred places a strong emphasis on user education and awareness. By providing clear guidelines, tutorials, and best practices for using the trust protocol. Ishan Pandey: How do you plan to drive adoption and grow the OpenCred ecosystem, particularly in terms of attracting both users and developers? Zad: OpenCred actively seeks partnerships and collaborations with established Web3 projects across various sectors, such as social media, e-commerce, gaming, and decentralized finance (DeFi). We currently have established partnerships with over 10 Web3 projects with close to 1 million daily active users ready to onboard our protocol once it is live. To attract developers, OpenCred will provide a range of tools, SDKs, and documentation to facilitate the integration of its trust protocol into various applications. The protocol will offer developer grants, hackathons, and bounty programs to incentivize the creation of innovative trust-based solutions. By fostering a vibrant developer community and providing the necessary resources and support, OpenCred aims to accelerate the development of a diverse range of dApps that leverage its trust infrastructure. OpenCred's tokenomics model is designed to incentivize user participation and ecosystem growth. The governance token serves as the primary means of interaction within the OpenCred ecosystem, used for establishing trust relationships, staking, and accessing trust-based services. The protocol will implement a reward system that incentivizes users to actively participate in trust-building activities, such as providing accurate trust assessments, staking tokens, and contributing to the network's security. These incentives will drive user adoption and encourage long-term engagement with the OpenCred ecosystem. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. In this session of our "Behind the Startup" series, we sit down with Zad, the visionary founder of OpenCred, to explore the revolutionary concept of tokenizing trust in the Web3 environment. As a Stanford-certified expert in blockchain and cryptography, Zad discusses the inception of OpenCred, its unique approach to digital identity through eSFT tokens, and its ambitious mission to reshape social and economic interactions online. Ishan Pandey: Hi Zad, great to have you here for our "Innovators in Web3" series. Can you tell us about your background and what led you to create OpenCred? Ishan Pandey: Zad: As a postgraduate in Blockchain Strategy and Stanford-certified cryptography expert, I have spent years conducting cutting-edge research in asset tokenization, DID, and cybersecurity. Trust is actually one of the most difficult things to measure and quantify, no matter “IRL” or online. Now with blockchain and tokens we finally have the tools to tackle this problem in a novel way. I founded OpenCred to bring tokenized trust to the Web3 industry, unleash the hidden potential that lies in social relationships, and eventually enable the establishment of a decentralized society. Zad: Ishan Pandey: Could you start by explaining what OpenCred is and what specific gap in the Web3 space it aims to fill? Ishan Pandey: Zad: OpenCred is a decentralized Web3 credit protocol that applies a new token standard called “eSFT” to tokenize trust relationships into tangible and quantifiable economic assets. Our vision is to empower users to monetize their online activity while guaranteeing data privacy and ownership. By providing a blockchain-based solution for establishing and measuring trust relationships, OpenCred fills a crucial gap in the Web3 ecosystem: enabling trustworthy interactions and collaboration without relying on centralized intermediaries or KYC. Zad: Ishan Pandey: In the deck, you mention that OpenCred introduces a groundbreaking trust value (credit) quantification for Web3. Can you elaborate on how this works and why it's important? Ishan Pandey: Zad: OpenCred aggregates both on-chain (e.g., DeFi TVL, smart contract interactions) and off-chain data (e.g., social media followers and interactions) to tokenize trust in the form of CRED tokens. This means users can increase their personal trust value by increasing their online activity and footprint. Each CRED is unique to the user and contains a number of fungible Score Tokens (ST) that determine the value of a user’s CRED. By thus providing a measurable and objective way to assess trustworthiness, OpenCred enables secure, traceable, and efficient trust-based interactions in various Web3 applications, such as social media, e-commerce, DeFi, and gaming. This groundbreaking mechanism is crucial for fostering a trustworthy environment in the digital space and enabling countless new use cases in many areas from B2B to B2C to C2B to C2C. Zad: Ishan Pandey: The CRED token seems to be a key component of the OpenCred ecosystem. Can you explain its dual nature as a semi-fungible token and how it represents both identity and trustworthiness? And how does this design benefit users of your platform? Ishan Pandey: Zad: CRED tokens are a groundbreaking innovation of OpenCred, creating a new token standard we call embedded semi-fungible token (eSFT) that combines both non-fungible (unique) and fungible (interchangeable) properties. The non-fungible part of the token represents a user's unique identity within the OpenCred protocol, ensuring that each user has a distinct and verifiable presence. On the other hand, the fungible part of the token quantifies the user's trustworthiness, which is determined by their interactions (on-chain & off-chain) and the amount of CRED tokens they receive from others. This design benefits users by empowering them to monetize their online activity and social relationships. Moreover, by tokenizing trust and making it quantifiable and tangible, we are creating a new kind of asset that simply has not existed before, thereby creating huge value. Zad: Ishan Pandey: How does sending CRED between users facilitate the building of a trustable and quantifiable social graph in Web3? Ishan Pandey: Zad: When a user sends CRED tokens to another user, they are essentially establishing a trust relationship that is recorded on the blockchain. This transaction signifies that the sender trusts the recipient to a certain degree, based on their interactions, reputation, or other factors. As users continue to interact and send CRED tokens to each other, a dynamic, evolving on-chain social graph emerges. The social graph is quantifiable and traceable. This quantification of trust enables users to make informed decisions when interacting with others, as they can assess the trustworthiness of potential collaborators, partners, or service providers based on their position in the social graph. Zad: Ishan Pandey: With OpenCred positioning itself as a provider of "Trust as a Service," how do you ensure the reliability and security of the trust metrics generated by your protocol? Ishan Pandey: Zad: There is a clear friction between incentivizing users on the one hand and ensuring the authenticity of trust relationships on the other hand. We are aware of this and will tackle this problem in multiple ways. First of all, we will connect the sending of CRED with some actions such as “follow”, “like”, etc., so that the transfer of CRED corresponds with the establishment of a meaningful trust relationship. Secondly, we will implement punishments for sybil attackers and other malicious behavior. Additionally, OpenCred implements a multi-layered governance model that involves community participation and decentralized decision-making. This approach helps to maintain the integrity and fairness of the trust metrics, as the community can collectively monitor and flag any suspicious activities or attempts to manipulate trust scores. To further enhance the reliability of trust metrics, OpenCred incorporates a reputation staking mechanism, where users are required to stake a portion of our governance tokens to participate in trust-building activities. OpenCred places a strong emphasis on user education and awareness. By providing clear guidelines, tutorials, and best practices for using the trust protocol. Zad: Ishan Pandey: How do you plan to drive adoption and grow the OpenCred ecosystem, particularly in terms of attracting both users and developers? Ishan Pandey: Zad: OpenCred actively seeks partnerships and collaborations with established Web3 projects across various sectors, such as social media, e-commerce, gaming, and decentralized finance (DeFi). We currently have established partnerships with over 10 Web3 projects with close to 1 million daily active users ready to onboard our protocol once it is live. To attract developers, OpenCred will provide a range of tools, SDKs, and documentation to facilitate the integration of its trust protocol into various applications. The protocol will offer developer grants, hackathons, and bounty programs to incentivize the creation of innovative trust-based solutions. Zad: By fostering a vibrant developer community and providing the necessary resources and support, OpenCred aims to accelerate the development of a diverse range of dApps that leverage its trust infrastructure. OpenCred's tokenomics model is designed to incentivize user participation and ecosystem growth. The governance token serves as the primary means of interaction within the OpenCred ecosystem, used for establishing trust relationships, staking, and accessing trust-based services. The protocol will implement a reward system that incentivizes users to actively participate in trust-building activities, such as providing accurate trust assessments, staking tokens, and contributing to the network's security. These incentives will drive user adoption and encourage long-term engagement with the OpenCred ecosystem. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

How OpenCred Makes Trust Tangible via Tokenization

কিভাবে ওপেনক্রেড অনলাইনে বিশ্বাস তৈরি করতে টোকেনাইজেশন ব্যবহার করে

Wie OpenCred Tokenisierung nutzt, um Online-Vertrauen aufzubauen

Cómo OpenCred utiliza la tokenización para generar confianza en línea

Comment OpenCred utilise la tokenisation pour renforcer la confiance en ligne

ओपनक्रेड ऑनलाइन विश्वास बनाने के लिए टोकनाइजेशन का उपयोग कैसे करता है

OpenCred がトークン化を利用してオンラインで信頼を築く方法

OpenCred가 토큰화를 사용하여 온라인 신뢰를 구축하는 방법

Como o OpenCred usa tokenização para construir confiança online

Как OpenCred использует токенизацию для укрепления доверия в Интернете

OpenCred Çevrimiçi Güven Oluşturmak İçin Tokenizasyonu Nasıl Kullanıyor?

Cách OpenCred sử dụng mã thông báo để xây dựng niềm tin trực tuyến

OpenCred 如何使用代币化在线建立信任

What are we talking about here? As part of my job, I advise a lot of customers who use AWS. Many of them build complex systems on top of services. AWS OpenSearch is typically included in the system landscape to cover a wide range of different business cases, some of which require an Internet-accessible cluster with HTTP basic authentication. AWS does not give this capability out of the box; thus, in this article, I will demonstrate how to leverage AWS native services to publish your OpenSearch cluster to the Internet. AWS The current limitations OpenSearch cluster can be deployed in two modes with the following features VPC based Public domain Only private endpoint in the following format https://vpc-domain-name Public endpoint in the following format https://search-domain-name Cluster health tab does not include shard information, and the Indices tab isn't present. All information about cluster health and indexes are available Security is based on AWS security groups Security is based on IP-based access policies Dashboards are available only from VPC and requires VPN or something else for being accessible Dashboards are available publicly for IP range that’s configured via IP-based access policies AWS currently does not provide any out-of-the-box way for publishing an OpenSearch cluster with basic HTTP authentication to the Internet for any IP range (e.g.: ). It is possible to configure an AWS IAM Policy to allow a certain IP range or to utilize a publicly open cluster with SAML authorization; however, this is not suitable for cases such as mobile clients or TV set-top boxes, where the client can have any unpredictable IP address and dev team does not have the capacity for SAML implementation. 0.0.0.0/0 Maybe in the future, there will be something like an RDS proxy, but so far, AWS has no public plans for this feature. Solutions The official AWS proposal based on Nginx The AWS documentation recommends using a reverse proxy based on a highly available EC2 Nginx cluster. It's a good approach, but it requires a lot of extra effort for Nginx maintenance, which would be inconvenient in the case of a large number of clusters. In addition, as AWS does not provide highly available Nginx as a service, you will be unable to configure your infrastructure using a single tool such as Terraform, Pulumi, or CloudFormation. OpenSearch The solution based on AWS native services My approach, which I recommend for use in production environments, is based on AWS Application load balancer (ALB). Nginx can be skipped because ALB provides the same functionality as Nginx for all basic scenarios and requires no additional configuration or automation work. AWS ALB points to an IP address target group that contains a set of private OpenSearch IP addresses, and the OpenSearch cluster should be configured in VPC mode. It is also important to configure HTTP redirects at the ALB level in this configuration, as seen in the image below. ALB targets should also require the configuration of health checks because without them, OpenSearch IP addresses will be removed from IP pools. Keep in mind that the http code must be added to the list of successful health check codes when you are using basic HTTP authentication. 401 Configuring the ALB target group once is insufficient. Any OpenSearch cluster change can cause the IP address to change, so to ensure that the target groups contain all OpenSearch IPs at all times, the IP addresses pool should be maintained by a simple Lambda function that runs once per hour and verifies that all OpenSearch IPs are present and actual. The complete AWS function code is provided below. import boto3
import socket

def lambda_handler(event, context):
    # Initialize AWS clients
    elasticsearch = boto3.client('es')
    elbv2 = boto3.client('elbv2')

    # Retrieve target group ARN and OpenSearch domain name from event
    target_group_arn = event.get('targetGroupARN')
    open_search_domain_name = event.get('openSearchDomainName')

    # Describe OpenSearch cluster to retrieve DNS endpoint
    response = elasticsearch.describe_elasticsearch_domain(DomainName=open_search_domain_name)
    opensearch_dns = response['DomainStatus']['Endpoints']['vpc']

    # Resolve DNS to get IP addresses
    opensearch_ips = socket.gethostbyname_ex(opensearch_dns)[2]
    print(f"OpenSearch IPs are: {opensearch_ips}")

    # Describe existing IPs in the EC2 target group
    target_group_info = elbv2.describe_target_health(TargetGroupArn=target_group_arn)
    existing_ips = [target['Target']['Id'] for target in target_group_info['TargetHealthDescriptions']]

    # Compare IPs to determine new ones and remove old ones
    ips_to_add = list(set(opensearch_ips) - set(existing_ips))
    ips_to_remove = list(set(existing_ips) - set(opensearch_ips))

    # Update the target group
    if ips_to_add:
        elbv2.register_targets(TargetGroupArn=target_group_arn, Targets=[{'Id': ip} for ip in ips_to_add])
    if ips_to_remove:
        elbv2.deregister_targets(TargetGroupArn=target_group_arn, Targets=[{'Id': ip} for ip in ips_to_remove])

    return {
        'statusCode': 200,
        'body': 'Updated EC2 target group with OpenSearch IPs.'
    } The lambda function can be deployed in VPC mode. It’s more secure but not mandatory. In the beginning, you may provide only permissions for your Lambda’s IAM role, as shown in the code snippet below. es:* {
  "Version": "2012-10-17",
  "Statement": [
    {
      "Effect": "Allow",
      "Principal": {
        "AWS": [
          "arn:aws:iam::123456789012:user/test-user"
        ]
      },
      "Action": [
        "es:*"
      ],
      "Resource": "arn:aws:es:us-west-1:987654321098:domain/test-domain/*"
    }
  ]
} For a variety of reasons, connecting to an OpenSearch cluster with a floating IP address is inconvenient. All modern architectures use DNS to hide a pure IP address. We'll do the same via AWS Route53. Unfortunately, the Route53 DNS record is insufficient because ALB would display problems linked to HTTP certificate mismatches. We must generate a valid TLS certificate and attach it to an ALB listener to avoid HTTPS connection issues while using DNS. can be used to issue a purchased certificate, but I prefer free Let's Encrypt certificates. AWS does not natively support Let's Encrypt and Certificate Manager integration, so I created an AWS Lambda that automatically issues and renews TLS certificates a long time ago and proposes using it in the suggested design. This Lambda's sources may be found at AWS Certificate Manager https://github.com/kvendingoldo/aws-letsencrypt-lambda. Security highlights Security is not covered in this article, but I can not highlight two critical points: Don't forget to configure your AWS security groups correctly; you only need to allow the required port (443 in our example). Use AWS Trust Advisor to ensure that all useless ports are blocked. It would be a good idea to have different users with different types of rights when using OpenSearch HTTP basic authentication. Do not use an admin user with full cluster access. It would be preferable to have multiple users, each with access to a subset of OpenSearch indexes. You can keep all password information in AWS Secret Manager for simplified password management. Summary It is possible to avoid using a High Availability Nginx cluster in your architecture. It will save you money and configuration time. Instead of using tools like Terraform or Pulumi, use the lambda function to keep your ALB's target group up to date. It is critical to check the target pool's validity on a regular basis. Don't forget about security when it comes to implementation. Take note of AWS subnets, security groups, and OpenSearch users. Use as many AWS native components as possible. All of them can be configured using IaC tools like Terraform, Pulumi, or CloudFormation. Although EC2 instances can be configured using IaC tools, the provisioning, configuration, and launch times are substantially longer than with pure AWS ALB. Useful links AWS OpenSearch access proxy AWS Let’s encrypt lambda

How to Make AWS OpenSearch Publicly Accessible Without nginx Proxy

Greetings Comrades! One of the strangest logging setups I ever had - AWS ALB controller logs. Really, look at the scheme: 1. S3 Bucket for ALB Logs I assume that you already have an ALB Controller in your EKS Cluster. So, we should create an S3 bucket and enable the SQS trigger with Terraform: ###
# ALB Controller Logs S3 Bucket
###

resource "aws_s3_bucket" "alb_logs" {
  bucket = "alb-logs"
}

resource "aws_s3_bucket_lifecycle_configuration" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  rule {
    id = "log"

    expiration {
      days = 3
    }

    status = "Enabled"
  }
}

resource "aws_s3_bucket_policy" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id
  policy = data.aws_iam_policy_document.alb_logs_bucket_policy.json
}

data "aws_iam_policy_document" "alb_logs_bucket_policy" {
  statement {
    principals {
      type        = "AWS"
      identifiers = ["arn:aws:iam::127311923021:root"] <--- it should be like this!!!
    }
    actions   = ["s3:*"]   <--- I`m so lazy
    resources = ["${aws_s3_bucket.alb_logs.arn}/*", ]
  }
} 2. S3 Trigger to SQS Queue ###
# ALB Logs SQS Queue
###

resource "aws_sqs_queue" "alb_logs" {
  name                    = "alb-logs"
  sqs_managed_sse_enabled = false
}

data "aws_iam_policy_document" "alb_logs_policy" {
  statement {
    effect = "Allow"

    principals {
      type        = "*"   <--- Wow again!!!
      identifiers = ["*"]   <--- And again!!!
    }

    actions   = ["sqs:SendMessage"]
    resources = [aws_sqs_queue.alb_logs.arn]

    condition {
      test     = "ArnEquals"
      variable = "aws:SourceArn"
      values   = [aws_s3_bucket.alb_logs.arn]
    }
  }
}

resource "aws_sqs_queue_policy" "alb_logs" {
  queue_url = aws_sqs_queue.alb_logs.id
  policy    = data.aws_iam_policy_document.alb_logs_policy.json
}

resource "aws_s3_bucket_notification" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  queue {
    id        = "alb-logs"
    queue_arn = aws_sqs_queue.alb_logs.arn
    events    = ["s3:ObjectCreated:*"]
  }
} 3.  Installing and Configuring Vector I always use ArgoCD for installing something in the Kubernetes cluster, so here is a manifest: apiVersion: argoproj.io/v1alpha1
kind: Application
metadata:
  name: vector
  namespace: argocd
spec:
  project: default
  syncPolicy:
    automated:
      prune: true
      selfHeal: true
    syncOptions:
      - CreateNamespace=true
    retry:
      limit: 2
      backoff:
        duration: 2s
        factor: 2
        maxDuration: 1m
  destination:
    namespace: logging
    server: 'https://kubernetes.default.svc'
  source:
    repoURL: https://helm.vector.dev
    chart: vector
    targetRevision: 0.25.0
    helm:
      values: |
        service:
          enabled: false
        serviceAccount:
          annotations:
            eks.amazonaws.com/role-arn: arn:aws:iam::YOUR_ID:role/eks-alb-ingress-controller
        customConfig:
          transforms:
            alb:
              type: remap
              inputs:
                - s3
              source: >-
                structured =
                  parse_regex!(.message, r'^(?P<Type>[^ ]*) (?P<Time>[^ ]*) (?P<Alb>[^ ]*) (?P<ClientIP>[^ ]*):(?P<ClientPort>[0-9]*) (?P<TargetIP>[^ ]*)[:-](?P<TargetPort>[0-9]*) (?P<RequestProcessingTime>[-.0-9]*) (?P<TargetProcessingTime>[-.0-9]*) (?P<ResponseProcessingTime>[-.0-9]*) (?P<StatusCode>|[-0-9]*) (?P<TargetStatusCode>-|[-0-9]*) (?P<ReceivedBytes>[-0-9]*) (?P<SentBytes>[-0-9]*) \"(?P<RequestVerb>[^ ]*) (?P<RequestUrl>.*) (?P<RequestProto>- |[^ ]*)\" \"(?P<UserAgent>[^\"]*)\" (?P<SslCipher>[A-Z0-9-_]+) (?P<SslProtocol>[A-Za-z0-9.-]*) (?P<TargetGroupArn>[^ ]*) \"(?P<TraceId>[^\"]*)\" \"(?P<DomainName>[^\"]*)\" \"(?P<CertArn>[^\"]*)\" (?P<MatchedRulePriority>[-.0-9]*) (?P<RequestCreationTime>[^ ]*) \"(?P<ActionExecuted>[^\"]*)\" \"(?P<RedirectUrl>[^\"]*)\" \"(?P<LambdaErrorReason>[^ ]*)\" \"(?P<TargetPortList>[^\s]+?)\" \"(?P<TargetStatusCodeList>[^\s]+)\" \"(?P<Classification>[^ ]*)\" \"(?P<Classificationreason>[^ ]*)\"')
                . = merge(., structured)

                .ReceivedBytes = to_int!(.ReceivedBytes)
                .RequestProcessingTime = to_float!(.RequestProcessingTime)
                .ResponseProcessingTime = to_float!(.ResponseProcessingTime)
                .StatusCode = to_int!(.StatusCode)
                .SentBytes = to_int!(.SentBytes)
                .TargetProcessingTime = to_float!(.TargetProcessingTime)

                parsed_url, err = parse_url(.RequestUrl)
                if err == null {
                  .Path = parsed_url.path
                  .RequestDomainName = parsed_url.host
                }
          sources:
            s3:
              type: aws_s3
              compression: auto
              strategy: sqs
              region: "us-east-1"
              sqs:
                delete_message: true
                poll_secs: 5
                visibility_timeout_secs: 300
                queue_url: "https://sqs.us-east-1.amazonaws.com/YOUR_ID/alb-logs"
          sinks:
            opensearch:
              type: elasticsearch
              endpoints:
                - "https://YOUR_OPENSEARCH_URL.us-east-1.es.amazonaws.com"
              inputs:
                - alb 4. Enabling Our Logs There are three ways you can enable logging: Old-fashioned documentation from AWS - link With Terraform aws_lb resource - link And the easiest way is - Kubernetes Ingress annotation (our way): alb.ingress.kubernetes.io/load-balancer-attributes: access_logs.s3.enabled=true,access_logs.s3.bucket=alb-logs Now, you should be able to see logs in your OpenSearch console! That`s all! Greetings Comrades! One of the strangest logging setups I ever had - AWS ALB controller logs. Really, look at the scheme: 1. S3 Bucket for ALB Logs I assume that you already have an ALB Controller in your EKS Cluster. So, we should create an S3 bucket and enable the SQS trigger with Terraform: ###
# ALB Controller Logs S3 Bucket
###

resource "aws_s3_bucket" "alb_logs" {
  bucket = "alb-logs"
}

resource "aws_s3_bucket_lifecycle_configuration" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  rule {
    id = "log"

    expiration {
      days = 3
    }

    status = "Enabled"
  }
}

resource "aws_s3_bucket_policy" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id
  policy = data.aws_iam_policy_document.alb_logs_bucket_policy.json
}

data "aws_iam_policy_document" "alb_logs_bucket_policy" {
  statement {
    principals {
      type        = "AWS"
      identifiers = ["arn:aws:iam::127311923021:root"] <--- it should be like this!!!
    }
    actions   = ["s3:*"]   <--- I`m so lazy
    resources = ["${aws_s3_bucket.alb_logs.arn}/*", ]
  }
} ###
# ALB Controller Logs S3 Bucket
###

resource "aws_s3_bucket" "alb_logs" {
  bucket = "alb-logs"
}

resource "aws_s3_bucket_lifecycle_configuration" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  rule {
    id = "log"

    expiration {
      days = 3
    }

    status = "Enabled"
  }
}

resource "aws_s3_bucket_policy" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id
  policy = data.aws_iam_policy_document.alb_logs_bucket_policy.json
}

data "aws_iam_policy_document" "alb_logs_bucket_policy" {
  statement {
    principals {
      type        = "AWS"
      identifiers = ["arn:aws:iam::127311923021:root"] <--- it should be like this!!!
    }
    actions   = ["s3:*"]   <--- I`m so lazy
    resources = ["${aws_s3_bucket.alb_logs.arn}/*", ]
  }
} 2. S3 Trigger to SQS Queue ###
# ALB Logs SQS Queue
###

resource "aws_sqs_queue" "alb_logs" {
  name                    = "alb-logs"
  sqs_managed_sse_enabled = false
}

data "aws_iam_policy_document" "alb_logs_policy" {
  statement {
    effect = "Allow"

    principals {
      type        = "*"   <--- Wow again!!!
      identifiers = ["*"]   <--- And again!!!
    }

    actions   = ["sqs:SendMessage"]
    resources = [aws_sqs_queue.alb_logs.arn]

    condition {
      test     = "ArnEquals"
      variable = "aws:SourceArn"
      values   = [aws_s3_bucket.alb_logs.arn]
    }
  }
}

resource "aws_sqs_queue_policy" "alb_logs" {
  queue_url = aws_sqs_queue.alb_logs.id
  policy    = data.aws_iam_policy_document.alb_logs_policy.json
}

resource "aws_s3_bucket_notification" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  queue {
    id        = "alb-logs"
    queue_arn = aws_sqs_queue.alb_logs.arn
    events    = ["s3:ObjectCreated:*"]
  }
} ###
# ALB Logs SQS Queue
###

resource "aws_sqs_queue" "alb_logs" {
  name                    = "alb-logs"
  sqs_managed_sse_enabled = false
}

data "aws_iam_policy_document" "alb_logs_policy" {
  statement {
    effect = "Allow"

    principals {
      type        = "*"   <--- Wow again!!!
      identifiers = ["*"]   <--- And again!!!
    }

    actions   = ["sqs:SendMessage"]
    resources = [aws_sqs_queue.alb_logs.arn]

    condition {
      test     = "ArnEquals"
      variable = "aws:SourceArn"
      values   = [aws_s3_bucket.alb_logs.arn]
    }
  }
}

resource "aws_sqs_queue_policy" "alb_logs" {
  queue_url = aws_sqs_queue.alb_logs.id
  policy    = data.aws_iam_policy_document.alb_logs_policy.json
}

resource "aws_s3_bucket_notification" "alb_logs" {
  bucket = aws_s3_bucket.alb_logs.id

  queue {
    id        = "alb-logs"
    queue_arn = aws_sqs_queue.alb_logs.arn
    events    = ["s3:ObjectCreated:*"]
  }
} 3.  Installing and Configuring Vector I always use ArgoCD for installing something in the Kubernetes cluster, so here is a manifest: apiVersion: argoproj.io/v1alpha1
kind: Application
metadata:
  name: vector
  namespace: argocd
spec:
  project: default
  syncPolicy:
    automated:
      prune: true
      selfHeal: true
    syncOptions:
      - CreateNamespace=true
    retry:
      limit: 2
      backoff:
        duration: 2s
        factor: 2
        maxDuration: 1m
  destination:
    namespace: logging
    server: 'https://kubernetes.default.svc'
  source:
    repoURL: https://helm.vector.dev
    chart: vector
    targetRevision: 0.25.0
    helm:
      values: |
        service:
          enabled: false
        serviceAccount:
          annotations:
            eks.amazonaws.com/role-arn: arn:aws:iam::YOUR_ID:role/eks-alb-ingress-controller
        customConfig:
          transforms:
            alb:
              type: remap
              inputs:
                - s3
              source: >-
                structured =
                  parse_regex!(.message, r'^(?P<Type>[^ ]*) (?P<Time>[^ ]*) (?P<Alb>[^ ]*) (?P<ClientIP>[^ ]*):(?P<ClientPort>[0-9]*) (?P<TargetIP>[^ ]*)[:-](?P<TargetPort>[0-9]*) (?P<RequestProcessingTime>[-.0-9]*) (?P<TargetProcessingTime>[-.0-9]*) (?P<ResponseProcessingTime>[-.0-9]*) (?P<StatusCode>|[-0-9]*) (?P<TargetStatusCode>-|[-0-9]*) (?P<ReceivedBytes>[-0-9]*) (?P<SentBytes>[-0-9]*) \"(?P<RequestVerb>[^ ]*) (?P<RequestUrl>.*) (?P<RequestProto>- |[^ ]*)\" \"(?P<UserAgent>[^\"]*)\" (?P<SslCipher>[A-Z0-9-_]+) (?P<SslProtocol>[A-Za-z0-9.-]*) (?P<TargetGroupArn>[^ ]*) \"(?P<TraceId>[^\"]*)\" \"(?P<DomainName>[^\"]*)\" \"(?P<CertArn>[^\"]*)\" (?P<MatchedRulePriority>[-.0-9]*) (?P<RequestCreationTime>[^ ]*) \"(?P<ActionExecuted>[^\"]*)\" \"(?P<RedirectUrl>[^\"]*)\" \"(?P<LambdaErrorReason>[^ ]*)\" \"(?P<TargetPortList>[^\s]+?)\" \"(?P<TargetStatusCodeList>[^\s]+)\" \"(?P<Classification>[^ ]*)\" \"(?P<Classificationreason>[^ ]*)\"')
                . = merge(., structured)

                .ReceivedBytes = to_int!(.ReceivedBytes)
                .RequestProcessingTime = to_float!(.RequestProcessingTime)
                .ResponseProcessingTime = to_float!(.ResponseProcessingTime)
                .StatusCode = to_int!(.StatusCode)
                .SentBytes = to_int!(.SentBytes)
                .TargetProcessingTime = to_float!(.TargetProcessingTime)

                parsed_url, err = parse_url(.RequestUrl)
                if err == null {
                  .Path = parsed_url.path
                  .RequestDomainName = parsed_url.host
                }
          sources:
            s3:
              type: aws_s3
              compression: auto
              strategy: sqs
              region: "us-east-1"
              sqs:
                delete_message: true
                poll_secs: 5
                visibility_timeout_secs: 300
                queue_url: "https://sqs.us-east-1.amazonaws.com/YOUR_ID/alb-logs"
          sinks:
            opensearch:
              type: elasticsearch
              endpoints:
                - "https://YOUR_OPENSEARCH_URL.us-east-1.es.amazonaws.com"
              inputs:
                - alb apiVersion: argoproj.io/v1alpha1
kind: Application
metadata:
  name: vector
  namespace: argocd
spec:
  project: default
  syncPolicy:
    automated:
      prune: true
      selfHeal: true
    syncOptions:
      - CreateNamespace=true
    retry:
      limit: 2
      backoff:
        duration: 2s
        factor: 2
        maxDuration: 1m
  destination:
    namespace: logging
    server: 'https://kubernetes.default.svc'
  source:
    repoURL: https://helm.vector.dev
    chart: vector
    targetRevision: 0.25.0
    helm:
      values: |
        service:
          enabled: false
        serviceAccount:
          annotations:
            eks.amazonaws.com/role-arn: arn:aws:iam::YOUR_ID:role/eks-alb-ingress-controller
        customConfig:
          transforms:
            alb:
              type: remap
              inputs:
                - s3
              source: >-
                structured =
                  parse_regex!(.message, r'^(?P<Type>[^ ]*) (?P<Time>[^ ]*) (?P<Alb>[^ ]*) (?P<ClientIP>[^ ]*):(?P<ClientPort>[0-9]*) (?P<TargetIP>[^ ]*)[:-](?P<TargetPort>[0-9]*) (?P<RequestProcessingTime>[-.0-9]*) (?P<TargetProcessingTime>[-.0-9]*) (?P<ResponseProcessingTime>[-.0-9]*) (?P<StatusCode>|[-0-9]*) (?P<TargetStatusCode>-|[-0-9]*) (?P<ReceivedBytes>[-0-9]*) (?P<SentBytes>[-0-9]*) \"(?P<RequestVerb>[^ ]*) (?P<RequestUrl>.*) (?P<RequestProto>- |[^ ]*)\" \"(?P<UserAgent>[^\"]*)\" (?P<SslCipher>[A-Z0-9-_]+) (?P<SslProtocol>[A-Za-z0-9.-]*) (?P<TargetGroupArn>[^ ]*) \"(?P<TraceId>[^\"]*)\" \"(?P<DomainName>[^\"]*)\" \"(?P<CertArn>[^\"]*)\" (?P<MatchedRulePriority>[-.0-9]*) (?P<RequestCreationTime>[^ ]*) \"(?P<ActionExecuted>[^\"]*)\" \"(?P<RedirectUrl>[^\"]*)\" \"(?P<LambdaErrorReason>[^ ]*)\" \"(?P<TargetPortList>[^\s]+?)\" \"(?P<TargetStatusCodeList>[^\s]+)\" \"(?P<Classification>[^ ]*)\" \"(?P<Classificationreason>[^ ]*)\"')
                . = merge(., structured)

                .ReceivedBytes = to_int!(.ReceivedBytes)
                .RequestProcessingTime = to_float!(.RequestProcessingTime)
                .ResponseProcessingTime = to_float!(.ResponseProcessingTime)
                .StatusCode = to_int!(.StatusCode)
                .SentBytes = to_int!(.SentBytes)
                .TargetProcessingTime = to_float!(.TargetProcessingTime)

                parsed_url, err = parse_url(.RequestUrl)
                if err == null {
                  .Path = parsed_url.path
                  .RequestDomainName = parsed_url.host
                }
          sources:
            s3:
              type: aws_s3
              compression: auto
              strategy: sqs
              region: "us-east-1"
              sqs:
                delete_message: true
                poll_secs: 5
                visibility_timeout_secs: 300
                queue_url: "https://sqs.us-east-1.amazonaws.com/YOUR_ID/alb-logs"
          sinks:
            opensearch:
              type: elasticsearch
              endpoints:
                - "https://YOUR_OPENSEARCH_URL.us-east-1.es.amazonaws.com"
              inputs:
                - alb 4. Enabling Our Logs There are three ways you can enable logging: Old-fashioned documentation from AWS - link Old-fashioned documentation from AWS - link link With Terraform aws_lb resource - link With Terraform aws_lb resource - link link And the easiest way is - Kubernetes Ingress annotation (our way): And the easiest way is - Kubernetes Ingress annotation (our way): alb.ingress.kubernetes.io/load-balancer-attributes: access_logs.s3.enabled=true,access_logs.s3.bucket=alb-logs alb.ingress.kubernetes.io/load-balancer-attributes: access_logs.s3.enabled=true,access_logs.s3.bucket=alb-logs Now, you should be able to see logs in your OpenSearch console! That`s all!

ALB Controller Logs With Vector and OpenSearch: A Guide

Crypto Tool or Data Thief? How Meme-Token-Hunter-Bot and Its Clones Steal from macOS Users

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Trader Loses $26M in ezETH Tokens: Media Blames User, Hacker Calls Out ERC-20 Flaws

Trader mister $26M i ezETH-tokens: Media Blames User, Hacker Call Out ERC-20 Flaws

Un comerciante pierde 26 millones de dólares en tokens ezETH: los medios culpan al usuario y un pirata informático denuncia las fallas de ERC-20

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It's December 24. It's Christmas Eve. In a vinyl-sided house, there are little children. There are half-hearted decorations, but there are not going to be any toys tomorrow. No presents this year. There were no presents last year or the year before that. That’s a secret and no one is supposed to know that. At school, there are candy canes and Christmas music. The little drummer boy pounds a frenzied rhythm to culminate in what might be a joyous holiday for some people. In this vinyl-sided house, there’s only a disappointment that looks and smells like cold oatmeal. When all the students come back to school from Christmas break, everyone is wearing the new clothes they got for Christmas. The children from the vinyl-sided house go back to school, but they hope no one will notice that their clothes aren’t new. They didn’t get anything tangible for the holidays, but they did get emotional baggage. The kids from the vinyl-sided house eventually grew up and they moved out of the vinyl-sided house. Everywhere they go, they carry their emotional baggage. They can’t put it down. There isn't an inn where the emotional baggage is welcome so the kids have to hide it. They pretend they don’t have it. But it sure is hard to carry anyway. The grown up kids strain under the weight of their emotional baggage.  They are putting on a brave smile to hide all the hurt. There isn’t a place where they are given leeway to express their hurt. The emotional wounds bleed all over everyone they meet. Other people make fun of them for their emotional baggage if these grown up kids show vulnerability. Actually, though, everyone has some emotional baggage and they hope other people won’t find out. “It's the Hap…Happiest Time of the Year!” It's the Holidays. People feel a variety of ways about this time of the year. When people travel to see loved ones, they carry a suitcase full of clothes and presents.  There is another suitcase people carry that you can’t immediately see - the emotional baggage. From November to January: It's a party, but none of us are coming empty-handed. We are coming with expectations. What is emotional baggage? Like the spices on a spice rack, emotional baggage comes in all flavors. Some examples include, but are not limited to: “Things I don't want to deal with…” “People I don't like that I have to go see…” “Memories I want to forget…” “I miss someone that isn’t here.” “I can’t keep up. Everything costs too much.” “I am hurting but I can’t tell anyone…” “It’s so lonely, but I am supposed to be happy…” “I feel so cold and bored…” “I am sick and tired…” Let’s say that despite all that we are going to go shopping for Christmas presents.  It's hard to wait in long lines and traffic jams. No one has compassion for others if they don’t learn self compassion for themselves. Imagine going to Costco and finding a piece of luggage you will fill with bricks and affix to your back for the rest of your life. Then from November to January, you are expected to dance with it on. So why be kind? I think Barbara Kingsolver wrote about it best when she told the story of “How They Eat in Heaven” from her novel The Bean Trees. In Hell, she writes, everyone is hungry because though they have ample food, they only have long handled spoons that are too long to comfortably reach their own mouths. In Heaven, they have the same food and the same spoons. But in heaven, other people feed you and you in turn feed other people. No one goes hungry in heaven. To put it bluntly, everyone has some pain or unconscionable ache that can’t be assuaged because they can’t personally reach it. But kindness can. This is the difference between living in heaven and hell. The grown up kids from the vinyl sided house are at a party and someone that knows their secret attacks them, “I know you did not have any presents at your house when you were a kid. It must be such a treat to come to my party today.” This is hell. In contrast, this is heaven.
“I am so glad we can spend this holiday together, and make this one better than any of the others we ever had.” One time, a friend’s grandmother died around the holidays. The family asked for a donation in memory to a charity. I gave a small donation, but eventually the friendship ended badly. The charity never forgot me though my friend did. Every few months for the next few years, I got a letter from the charity asking for more money. The relationship that caused the donation had long since ended but the letters brought me painful reminders. The simple piece of paper opened up a wound that would not heal. And that is similar to how the Holidays themselves can bring an annual sadness and reminders of emotional baggage no one knows we are carrying. The antidote is kindness. Be kind. ** ** It's December 24. It's Christmas Eve. In a vinyl-sided house, there are little children. There are half-hearted decorations, but there are not going to be any toys tomorrow. No presents this year. There were no presents last year or the year before that. That’s a secret and no one is supposed to know that. At school, there are candy canes and Christmas music. The little drummer boy pounds a frenzied rhythm to culminate in what might be a joyous holiday for some people. In this vinyl-sided house, there’s only a disappointment that looks and smells like cold oatmeal. When all the students come back to school from Christmas break, everyone is wearing the new clothes they got for Christmas. The children from the vinyl-sided house go back to school, but they hope no one will notice that their clothes aren’t new. They didn’t get anything tangible for the holidays, but they did get emotional baggage. The kids from the vinyl-sided house eventually grew up and they moved out of the vinyl-sided house. Everywhere they go, they carry their emotional baggage. They can’t put it down. There isn't an inn where the emotional baggage is welcome so the kids have to hide it. They pretend they don’t have it. But it sure is hard to carry anyway. The grown up kids strain under the weight of their emotional baggage.  They are putting on a brave smile to hide all the hurt. There isn’t a place where they are given leeway to express their hurt. The emotional wounds bleed all over everyone they meet. Other people make fun of them for their emotional baggage if these grown up kids show vulnerability. Actually, though, everyone has some emotional baggage and they hope other people won’t find out. “It's the Hap…Happiest Time of the Year!” “It's the Hap…Happiest Time of the Year!” It's the Holidays. People feel a variety of ways about this time of the year. When people travel to see loved ones, they carry a suitcase full of clothes and presents.  There is another suitcase people carry that you can’t immediately see - the emotional baggage. From November to January: It's a party, but none of us are coming empty-handed. We are coming with expectations. What is emotional baggage? Like the spices on a spice rack, emotional baggage comes in all flavors. Some examples include, but are not limited to: “Things I don't want to deal with…” “People I don't like that I have to go see…” “Memories I want to forget…” “I miss someone that isn’t here.” “I can’t keep up. Everything costs too much.” “I am hurting but I can’t tell anyone…” “It’s so lonely, but I am supposed to be happy…” “I feel so cold and bored…” “I am sick and tired…” Let’s say that despite all that we are going to go shopping for Christmas presents.  It's hard to wait in long lines and traffic jams. No one has compassion for others if they don’t learn self compassion for themselves. Imagine going to Costco and finding a piece of luggage you will fill with bricks and affix to your back for the rest of your life. Then from November to January, you are expected to dance with it on. So why be kind? I think Barbara Kingsolver wrote about it best when she told the story of “How They Eat in Heaven” from her novel The Bean Trees. In Hell, she writes, everyone is hungry because though they have ample food, they only have long handled spoons that are too long to comfortably reach their own mouths. In Heaven, they have the same food and the same spoons. But in heaven, other people feed you and you in turn feed other people. No one goes hungry in heaven. To put it bluntly, everyone has some pain or unconscionable ache that can’t be assuaged because they can’t personally reach it. But kindness can. This is the difference between living in heaven and hell. The grown up kids from the vinyl sided house are at a party and someone that knows their secret attacks them, “I know you did not have any presents at your house when you were a kid. It must be such a treat to come to my party today.” This is hell. In contrast, this is heaven. “I am so glad we can spend this holiday together, and make this one better than any of the others we ever had.” In contrast, this is heaven. “I am so glad we can spend this holiday together, and make this one better than any of the others we ever had.” One time, a friend’s grandmother died around the holidays. The family asked for a donation in memory to a charity. I gave a small donation, but eventually the friendship ended badly. The charity never forgot me though my friend did. Every few months for the next few years, I got a letter from the charity asking for more money. The relationship that caused the donation had long since ended but the letters brought me painful reminders. The simple piece of paper opened up a wound that would not heal. And that is similar to how the Holidays themselves can bring an annual sadness and reminders of emotional baggage no one knows we are carrying. The antidote is kindness. Be kind. ** **

Joy to the World or Why Its Important to Be Kind During the Holidays 

**AUSTIN, United States, November 18th, 2024/Chainwire/--**Big Time Studios, a Web3 gaming trailblazer and creator of the Open Loot Studio and hit game Big Time, which has already processed a half billion dollars in total transaction volume, is making waves again. Active users of the Open Loot platform will soon be able to collect $OL, the marketplace’s first utility token, which will become the cornerstone of the Open Loot. “We’re flipping the script on token launches. Instead of the usual fundraising frenzy, the launch of $OL is about giving back to our incredible community of players and game developers. From lower transaction fees and exclusive premium currency bundles to invite-only early access to Open Loot games, special NFT sales, tokens in-game drops during exclusive gameplay, and in-game perks,” said Ari Meilich, the visionary founder behind Big Time Studios Designed to supercharge the Open Loot platform, $OL will boost user acquisition and drive engagement across all Open Loot games and products by delivering substantial utility to Open Loot users, from guardianship to exclusive benefits like better deals and early access to games and events to collecting in-game rewards. $OL Token $OL token is not a fundraising mechanism. This launch is fair: there are no token sales, team-allocated tokens, or tokens sold to early investors. Open Loot users can collect $OL=ugh various activities within the platform. Players actively engage in unique game opportunities with partners, completing challenges and participating in unique events. For loyal players, the $OL tokens will provide users with early access to games, opportunities to purchase unique NFTs, and discounts on special premium currency packs and NFT primary sales. For game developers, $OL is a powerful tool for user acquisition. Developers can leverage the token to reward players for in-game activity, such as reaching milestones or dropping tokens in-game, which will drive engagement. Limited-timed events can attract users to Open Loot partner games and create exposure for the game and the ecosystem. $OL fosters more profound connections between developers and their audiences, giving developers the power to offer players significant value through competitive, social, and metagame features and targeted promotional offers that enhance player engagement. The potential uses for $OL are vast and will define engagement and innovation across the platform. $OL will foster trust in the Open Loot platform and marketplace, extend reach beyond traditional off-chain models, and lead the way for the Web3 gaming industry, opening up a world of opportunities for players and studios. Open Loot Platform Big Time Studios’ Open Loot gaming platform and marketplace has facilitated nearly half a billion dollars in transactions since early 2024. This achievement stems from Open Loot’s ability to simplify complex cryptocurrency functions, scalability, distribution, payments, and regulatory compliance for developers. The marketplace boosts NFT discoverability and sales while providing various payment options. Players enjoy high-quality games without typical Web3 issues like connecting a crypto wallet, paying gas fees, or waiting for transactions. Patented Vault technology allows easy NFT buying and selling without high gas fees, with the option to mint them onto the blockchain. The platform includes features like NFT rentals, a marketplace for non-crypto game currencies, and detailed NFT price histories, making Web3 gaming accessible. Game studios benefit from ready-to-use tech solutions, including game launchers and premium currencies. Open Loot also provides expert support in marketing, game economy design, and production, ensuring developers can meet player expectations and achieve success. Open Loot platform manages all foundational elements, overseeing the sales and leasing of digital and traditional items for Big Time, the wildly successful free-to-play multiplayer action RPG, and five pioneering launch partners, each curating distinct Web3 gaming experiences. World Shards, an expansive sandbox MMORPG; Boss Fighters, an engaging multiplayer action title; The Desolation, an immersive cross-platform loot shooter; ShatterPoint, an adrenaline-fueled F2P action mobile RPG; and One Tap, a strategic first-person shooter. Positioned to redefine the gaming sector, Open Loot will focus on high-caliber mid-core to hardcore games. First Half of 2024 Success Since the start of 2024, the Open Loot platform has experienced growth driven by its vibrant community and excellent partners. So far, Underscoring Open Loot’s successful quarter was the exchange of over 1,067,103 NFTs and 1,551,969 NFT rentals. This year, more than 226,588 players have crafted more than 3,625,725 NTFs showcasing the platform’s dynamic and engaging ecosystem. Since it opened, Open Loot has amassed over $445,167,044 in total transaction volume, with millions of transactions signaling the platform’s escalating popularity and triumph. Users can visit https://openloot.com/ for more details. About Big Time Studios Big Time Studios, founded by Ari Meilich, is a pioneering force in the crypto gaming industry, renowned for its innovative Open Loot platform and the hit game Big Time. With a mission to revolutionize the NFT gaming experience, Big Time Studios seamlessly integrates high-quality games with blockchain technology, offering players unparalleled gaming experiences. The curated Open Loot platform gives developers the opportunity to reach a wider audience and drive engagement through unique in-game rewards and events, while players benefit from exclusive access to high-quality games, special NFT sales, in-game perks and airdrops. Big Time Studios’ Open Loot platform has facilitated nearly half a billion dollars in total transaction volume, underscoring its commitment to creating a dynamic and engaging ecosystem for gamers worldwide. For more information, visit Big Time Studios’ website. Contact CMO Michael Migliero Big Time Studios LTD press@bigtime.gg This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here **AUSTIN, United States, November 18th, 2024/Chainwire/--**Big Time Studios, a Web3 gaming trailblazer and creator of the Open Loot Studio and hit game Big Time, which has already processed a half billion dollars in total transaction volume, is making waves again. Active users of the Open Loot platform will soon be able to collect $OL, the marketplace’s first utility token, which will become the cornerstone of the Open Loot. “We’re flipping the script on token launches. Instead of the usual fundraising frenzy, the launch of $OL is about giving back to our incredible community of players and game developers. From lower transaction fees and exclusive premium currency bundles to invite-only early access to Open Loot games, special NFT sales, tokens in-game drops during exclusive gameplay, and in-game perks,” said Ari Meilich, the visionary founder behind Big Time Studios “We’re flipping the script on token launches. Instead of the usual fundraising frenzy, the launch of $OL is about giving back to our incredible community of players and game developers. From lower transaction fees and exclusive premium currency bundles to invite-only early access to Open Loot games, special NFT sales, tokens in-game drops during exclusive gameplay, and in-game perks,” said Ari Meilich, the visionary founder behind Big Time Studios Designed to supercharge the Open Loot platform, $OL will boost user acquisition and drive engagement across all Open Loot games and products by delivering substantial utility to Open Loot users, from guardianship to exclusive benefits like better deals and early access to games and events to collecting in-game rewards. $OL Token $OL token is not a fundraising mechanism. This launch is fair: there are no token sales, team-allocated tokens, or tokens sold to early investors. Open Loot users can collect $OL=ugh various activities within the platform. Players actively engage in unique game opportunities with partners, completing challenges and participating in unique events. For loyal players, the $OL tokens will provide users with early access to games, opportunities to purchase unique NFTs, and discounts on special premium currency packs and NFT primary sales. For game developers, $OL is a powerful tool for user acquisition. Developers can leverage the token to reward players for in-game activity, such as reaching milestones or dropping tokens in-game, which will drive engagement. Limited-timed events can attract users to Open Loot partner games and create exposure for the game and the ecosystem. $OL fosters more profound connections between developers and their audiences, giving developers the power to offer players significant value through competitive, social, and metagame features and targeted promotional offers that enhance player engagement. The potential uses for $OL are vast and will define engagement and innovation across the platform. $OL will foster trust in the Open Loot platform and marketplace, extend reach beyond traditional off-chain models, and lead the way for the Web3 gaming industry, opening up a world of opportunities for players and studios. Open Loot Platform Big Time Studios’ Open Loot gaming platform and marketplace has facilitated nearly half a billion dollars in transactions since early 2024. This achievement stems from Open Loot’s ability to simplify complex cryptocurrency functions, scalability, distribution, payments, and regulatory compliance for developers. The marketplace boosts NFT discoverability and sales while providing various payment options. Players enjoy high-quality games without typical Web3 issues like connecting a crypto wallet, paying gas fees, or waiting for transactions. Patented Vault technology allows easy NFT buying and selling without high gas fees, with the option to mint them onto the blockchain. The platform includes features like NFT rentals, a marketplace for non-crypto game currencies, and detailed NFT price histories, making Web3 gaming accessible. Game studios benefit from ready-to-use tech solutions, including game launchers and premium currencies. Open Loot also provides expert support in marketing, game economy design, and production, ensuring developers can meet player expectations and achieve success. Open Loot platform manages all foundational elements, overseeing the sales and leasing of digital and traditional items for Big Time, the wildly successful free-to-play multiplayer action RPG, and five pioneering launch partners, each curating distinct Web3 gaming experiences. World Shards, an expansive sandbox MMORPG; Boss Fighters, an engaging multiplayer action title; The Desolation, an immersive cross-platform loot shooter; ShatterPoint, an adrenaline-fueled F2P action mobile RPG; and One Tap, a strategic first-person shooter. Positioned to redefine the gaming sector, Open Loot will focus on high-caliber mid-core to hardcore games. First Half of 2024 Success Since the start of 2024, the Open Loot platform has experienced growth driven by its vibrant community and excellent partners. So far, Underscoring Open Loot’s successful quarter was the exchange of over 1,067,103 NFTs and 1,551,969 NFT rentals. This year, more than 226,588 players have crafted more than 3,625,725 NTFs showcasing the platform’s dynamic and engaging ecosystem. Since it opened, Open Loot has amassed over $445,167,044 in total transaction volume, with millions of transactions signaling the platform’s escalating popularity and triumph. Users can visit https://openloot.com/ for more details. https://openloot.com/ https://openloot.com/ About Big Time Studios Big Time Studios , founded by Ari Meilich, is a pioneering force in the crypto gaming industry, renowned for its innovative Open Loot platform and the hit game Big Time. With a mission to revolutionize the NFT gaming experience, Big Time Studios seamlessly integrates high-quality games with blockchain technology, offering players unparalleled gaming experiences. Big Time Studios Big Time Studios The curated Open Loot platform gives developers the opportunity to reach a wider audience and drive engagement through unique in-game rewards and events, while players benefit from exclusive access to high-quality games, special NFT sales, in-game perks and airdrops. Big Time Studios’ Open Loot platform has facilitated nearly half a billion dollars in total transaction volume, underscoring its commitment to creating a dynamic and engaging ecosystem for gamers worldwide. For more information, visit Big Time Studios’ website. Contact CMO Michael Migliero Big Time Studios LTD press@bigtime.gg This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Web3 Gaming Trailblazer Big Time Studios Announces $OL Token For The OpenLoot Gaming Platform

Web3 Juegos Trailblazer Jach’a pacha Estudios ukax $OL Token OpenLoot Juegos Plataforma Ukatak uñt’ayi

Web3 Gaming Trailblazer Big Time Studios najavljuje $OL token za OpenLoot platformu za igre

Το Web3 Gaming Trailblazer Big Time Studios ανακοινώνει το $OL Token για την πλατφόρμα παιχνιδιών OpenLoot

Big Time Studios, pionero de los juegos web 3, anuncia el token $OL para la plataforma de juegos OpenLoot

Web3 Gaming Trailblazer Big Time Studios anuncia un token $OL para a plataforma de xogos OpenLoot

Web3 Gaming Trailblazer Big Time Studios מכריזים על אסימון $OL עבור פלטפורמת המשחקים OpenLoot

Pelopor Gaming Web3, Big Time Studios Mengumumkan Token $OL Untuk Platform Gaming OpenLoot

Web3 ゲームの先駆者 Big Time Studios が OpenLoot ゲーム プラットフォーム用の $OL トークンを発表

Web3 Pukllay Trailblazer Hatun pacha Estudios Willakun $OL Token OpenLoot Pukllay Plataformapaq

Web3 Gaming Trailblazer Big Time Studios анонсирует токен $OL для игровой платформы OpenLoot

Web3 Gaming Trailblazer Big Time Studios OpenLoot Gaming Platform සඳහා $OL ටෝකනය නිවේදනය කරයි

Web3 Oyun Öncüsü Big Time Studios, OpenLoot Oyun Platformu İçin $OL Token'ı Duyurdu

Many crypto enthusiasts are on the hunt for the next “100x gem.” While it’s possible to find one, most people lose funds long before they do. Maybe if they opened their eyes and saw the behemoth right in front of them, they’d still have skin in the game. In 2024, well over a decade after its initial launch, Bitcoin is still untouched in terms of its influence and market position in the cryptocurrency space. Since 2016, other infrastructures like Ethereum and Solana have gained momentum in recent times through the introduction of smart contracts, NFTs, and more. However, the Bitcoin ecosystem has followed suit wherever it could thanks to additions such as the lightning network, runes, and ordinals. In a recent in-depth interview with Markus Bopp, the CEO of Tap Protocol, I explored the nuances, benefits, and challenges of these latest developments to unravel what the future truly holds for the BTC ecosystem. Let’s get to it. Understanding native bitcoin assets In simple terms, native bitcoin assets refer to applications and digital assets built directly on the so-called Layer 1 network of Bitcoin. As such, these don’t include third party networks such as Wormhole, where only wrapped BTC are used. These assets are inherently tied to Bitcoin's infrastructure, benefiting from its decentralization and immutability. Examples include using Bitcoin's Script language to create simple smart contracts or leveraging existing transaction types to develop new asset classes. In contrast, building alongside Bitcoin involves creating Layer 2 solutions, sidechains, or even forking Bitcoin's codebase to develop new, independent blockchains (which for example has previously happened with Bitcoin Cash, BSV, and Bitcoin Gold). Layer 2 solutions can provide more flexibility and functionalities, such as complex smart contracts and faster transaction times. However, they also come with unique challenges, particularly regarding security and asset traceability. “In terms of assets, the origin matters. Doesn’t matter if it’s for collectibles or NFTs. For assets that originate on an L2, tracing their origin can be challenging if the L2 ceases to exist. While you could argue that bridging these assets back to Bitcoin could solve the problem, you'd still need to recover the L2 protocol that created these assets. With multiple L2s, the likelihood of losing track of their origins becomes pretty high,” according to Bopp. The benefits of building on the Bitcoin blockchain Bitcoin's blockchain has historically been a hotbed of innovation. By building on Bitcoin, developers can create entirely new asset classes that are virtually unparalleled in security and exposure. After all, the biggest benefit of the Bitcoin network is its enormous size and security –its extensive decentralization ensures that assets remain virtually unhackable (e.g. through double spending attacks), making it an ideal platform for long-term projects. “This approach opens up tons of opportunities for consumers and miners. Many of them are finding new ways to take advantage of these options,” stated Bopp. The drawbacks Despite its advantages, building on Bitcoin does come with quite a few challenges. Many essential tools and products are yet to be developed, which can slow adoption and limit possibilities compared to more established platforms like Ethereum. Bitcoin's relatively simple scripting language lacks the capabilities of more advanced smart contract platforms. This can make developing complex dApps directly on Bitcoin more difficult. Moreover, unlike Ethereum, which generates a new block every 10-20 seconds, Bitcoin's slower block time of roughly 10 minutes can be a major drawback for time-sensitive use cases. While this ensures greater security, it may not be a dealbreaker for some developers. However, the Bopp said there is a flip side. “This might not be a real negative, as it allows new ecosystems to develop and new discoveries to be made.” The case for native Bitcoin assets Native Bitcoin assets offer superior security and traceability compared to those built on sidechains or L2 solutions. This makes them more reliable for long-term value storage and regulatory compliance. Developers can leverage its established security, decentralization, and regulatory standing by building directly on Bitcoin. This reduces risks and enhances the credibility of the assets created. “Bitcoin lacks native smart contract support. I can’t argue that. And yes, it has slower block finality. But building on Bitcoin as a platform remains advantageous. Building on the native chain is important since many L1-based products should inherit the regulatory characteristics already applied to Bitcoin,” according to Bopp. Given Bitcoin's established status and ongoing development, assets built on its blockchain are more likely to withstand the test of time, offering a safer investment for the future. The Growing Popularity of Bitcoin L2 Solutions Layer 2 solutions are gaining traction for their ability to address Bitcoin's scalability and speed issues. Technologies like the Lightning Network enable faster transactions and lower fees, making Bitcoin more practical for everyday use. But with Tap Protocol, it’s unnecessary. Tap’s solution enables smart contract development directly on the Bitcoin ecosystem without needing a Layer 2 built on top of it. “Tap Protocol created smart contract capability to take something DeFi users love and make it possible on the Bitcoin chain,” said Bopp. Bitcoin Is Still the Future of Finance and Innovation Bitcoin remains a foundational pillar in the evolving landscape of blockchain technology and digital finance. Its network offers unparalleled security and traceability for assets built directly on its blockchain. Tap Protocol’s developers have found the answer to one of the ecosystem’s biggest challenges with their product: enabling the use of smart contracts directly on Bitcoin’s blockchain. No sidechain or L2 is needed. The emerging tech and teams working on these solutions underscore Bitcoin's flexibility and ongoing potential to adapt and grow. As native Bitcoin assets and alternative blockchain solutions continue to develop, Bitcoin's established regulatory framework and foundational strengths ensure its continued relevance and prominence in the financial industry. Many crypto enthusiasts are on the hunt for the next “100x gem.” While it’s possible to find one, most people lose funds long before they do. Maybe if they opened their eyes and saw the behemoth right in front of them, they’d still have skin in the game. Many crypto enthusiasts are on the hunt for the next “100x gem.” While it’s possible to find one, most people lose funds long before they do. Maybe if they opened their eyes and saw the behemoth right in front of them , they’d still have skin in the game. behemoth right in front of them behemoth right in front of them In 2024, well over a decade after its initial launch, Bitcoin is still untouched in terms of its influence and market position in the cryptocurrency space. Since 2016, other infrastructures like Ethereum and Solana have gained momentum in recent times through the introduction of smart contracts, NFTs, and more. However, the Bitcoin ecosystem has followed suit wherever it could thanks to additions such as the lightning network, runes, and ordinals. In a recent in-depth interview with Markus Bopp, the CEO of Tap Protocol, I explored the nuances, benefits, and challenges of these latest developments to unravel what the future truly holds for the BTC ecosystem. Let’s get to it. Understanding native bitcoin assets Understanding native bitcoin assets In simple terms, native bitcoin assets refer to applications and digital assets built directly on the so-called Layer 1 network of Bitcoin. As such, these don’t include third party networks such as Wormhole, where only wrapped BTC are used. These assets are inherently tied to Bitcoin's infrastructure, benefiting from its decentralization and immutability. Examples include using Bitcoin's Script language to create simple smart contracts or leveraging existing transaction types to develop new asset classes. In contrast, building alongside Bitcoin involves creating Layer 2 solutions , sidechains, or even forking Bitcoin's codebase to develop new, independent blockchains (which for example has previously happened with Bitcoin Cash, BSV, and Bitcoin Gold). creating Layer 2 solutions creating Layer 2 solutions Layer 2 solutions can provide more flexibility and functionalities, such as complex smart contracts and faster transaction times. However, they also come with unique challenges, particularly regarding security and asset traceability. “In terms of assets, the origin matters. Doesn’t matter if it’s for collectibles or NFTs. For assets that originate on an L2, tracing their origin can be challenging if the L2 ceases to exist. While you could argue that bridging these assets back to Bitcoin could solve the problem, you'd still need to recover the L2 protocol that created these assets. With multiple L2s, the likelihood of losing track of their origins becomes pretty high,” according to Bopp. The benefits of building on the Bitcoin blockchain The benefits of building on the Bitcoin blockchain Bitcoin's blockchain has historically been a hotbed of innovation. By building on Bitcoin, developers can create entirely new asset classes that are virtually unparalleled in security and exposure. After all, the biggest benefit of the Bitcoin network is its enormous size and security –its extensive decentralization ensures that assets remain virtually unhackable (e.g. through double spending attacks), making it an ideal platform for long-term projects. “This approach opens up tons of opportunities for consumers and miners. Many of them are finding new ways to take advantage of these options,” stated Bopp. The drawbacks The drawbacks Despite its advantages, building on Bitcoin does come with quite a few challenges. Many essential tools and products are yet to be developed, which can slow adoption and limit possibilities compared to more established platforms like Ethereum. Bitcoin's relatively simple scripting language lacks the capabilities of more advanced smart contract platforms. This can make developing complex dApps directly on Bitcoin more difficult. Bitcoin's relatively simple scripting language Bitcoin's relatively simple scripting language Moreover, unlike Ethereum, which generates a new block every 10-20 seconds, Bitcoin's slower block time of roughly 10 minutes can be a major drawback for time-sensitive use cases. While this ensures greater security, it may not be a dealbreaker for some developers. However, the Bopp said there is a flip side. “This might not be a real negative, as it allows new ecosystems to develop and new discoveries to be made.” The case for native Bitcoin assets The case for native Bitcoin assets Native Bitcoin assets offer superior security and traceability compared to those built on sidechains or L2 solutions. This makes them more reliable for long-term value storage and regulatory compliance. Developers can leverage its established security, decentralization, and regulatory standing by building directly on Bitcoin. This reduces risks and enhances the credibility of the assets created. “Bitcoin lacks native smart contract support. I can’t argue that. And yes, it has slower block finality. But building on Bitcoin as a platform remains advantageous. Building on the native chain is important since many L1-based products should inherit the regulatory characteristics already applied to Bitcoin,” according to Bopp. Given Bitcoin's established status and ongoing development, assets built on its blockchain are more likely to withstand the test of time, offering a safer investment for the future. The Growing Popularity of Bitcoin L2 Solutions The Growing Popularity of Bitcoin L2 Solutions Layer 2 solutions are gaining traction for their ability to address Bitcoin's scalability and speed issues. Technologies like the Lightning Network enable faster transactions and lower fees, making Bitcoin more practical for everyday use. But with Tap Protocol, it’s unnecessary. Tap’s solution enables smart contract development directly on the Bitcoin ecosystem without needing a Layer 2 built on top of it. “Tap Protocol created smart contract capability to take something DeFi users love and make it possible on the Bitcoin chain,” said Bopp. Bitcoin Is Still the Future of Finance and Innovation Bitcoin Is Still the Future of Finance and Innovation Bitcoin remains a foundational pillar in the evolving landscape of blockchain technology and digital finance. Its network offers unparalleled security and traceability for assets built directly on its blockchain. Tap Protocol’s developers have found the answer to one of the ecosystem’s biggest challenges with their product: enabling the use of smart contracts directly on Bitcoin’s blockchain. No sidechain or L2 is needed. The emerging tech and teams working on these solutions underscore Bitcoin's flexibility and ongoing potential to adapt and grow. As native Bitcoin assets and alternative blockchain solutions continue to develop, Bitcoin's established regulatory framework and foundational strengths ensure its continued relevance and prominence in the financial industry.

Exploring Native Bitcoin Ecosystem Assets vs Alternatives 

CHARLESTOWN, Saint Kitts and Nevis, November 18th, 2024/Chainwire/--WeFi, the next-generation financial platform dedicated to reimagining access to global financial tools, successfully holded the highly anticipated Token Generation Event for its native $WFI token on Friday, November 15th. Following the TGE, $WFI debuted on Bitmart on November 18th, opening up new avenues for participation and interaction within the WeFi ecosystem. The $WFI token is the lifeblood of WeFi’s ecosystem, which seeks to empower users with a seamless blend of DeFi and traditional financial tools. Initially launched on Binance Smart Chain (BSC), $WFI will soon migrate to WeFi’s own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced dApps. With a fixed supply of 1,000,000,000 tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over quick gains. The TGE for $WFI embodies WeFi’s commitment to a Fair Launch model, ensuring that all participants have equal access to the token from the outset, without the advantage of pre-sale allocations or VIP access. This Fair Launch approach aligns with WeFi’s mission to create a Financial ecosystem rooted in transparency and inclusivity, making $WFI accessible to a broad community of users. A key feature that sets WeFi apart is its non-custodial account system, which seamlessly bridges Web3 and traditional banking. Users maintain full control of their digital assets while enjoying everyday banking convenience: their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, enabling automatic spending from their crypto holdings without manual top-ups. This means users can spend their digital assets as easily as traditional currency while retaining complete custody of their funds. This non-custodial design is expected to be a defining feature for WeFi, empowering users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space. A central pillar of WeFi’s approach is the Initial Technology Offering, or ITO platform, which facilitates community-driven token distribution through ITO nodes. These nodes allow early adopters to mine $WFI while also granting access to exclusive WeFi services, early listings, and additional rewards – creating a multi-faceted engagement model. Since its inception, the ITO platform has seen remarkable activity, with over 35 million $WFI tokens already minted, reflecting robust community support and interest in WeFi’s vision. Through ITO nodes, WeFi doesn’t just focus on mining but builds a network of committed users actively participating in the platform's growth and evolution. Maksym Sakharov, Co-Founder and Group CEO of WeFi shared his enthusiasm about the TGE and the ecosystem’s trajectory: “Our vision is rooted in the belief that access to the global economy is a fundamental right. We see a future where everyone, regardless of location or wealth, can claim their financial freedom through a secure, accessible, compliant, and fair financial system. We’re building a financial infrastructure that respects user autonomy and fosters inclusivity on a global scale. $WFI is the heartbeat of our platform; it facilitates everything from day-to-day transactions to secure staking, and it’s tailored for real use within our evolving ecosystem”. Sakharov added: “The TGE is a milestone that brings us closer to our vision of a new banking system where users truly own and benefit from the system they support. We’re thrilled to see $WFI go live on a major exchange, for more users to engage with WeFi and take control of their financial future.” The $WFI listing on Bitmart at 11 AM UTC on November 18 kickstarted the journey. The deposits were opened on November 16 at 11:00 AM UTC, and withdrawals will be available starting November 19 at 11:00 AM UTC. This initial launch will boost liquidity and create new entry points for users globally, amplifying the reach of WeFi’s ecosystem. As WeFi advances, the platform’s development roadmap includes further integration with the WeChain blockchain and the continued rollout of Neobank services. This TGE marks a significant chapter in WeFi’s journey to create a community-driven ecosystem that combines financial freedom with robust utility, thus signaling a new era of possibilities for decentralized finance. About WeFi WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors. Through its Initial Technology Offering (ITO), WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards worldwide. For more information, users can visit WeFi’s ITO website at wechain.ai or follow us on X for updates on $WFI and the WeFi ecosystem. Contact WeFi press@wefi.co This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here CHARLESTOWN, Saint Kitts and Nevis, November 18th, 2024/Chainwire/--WeFi, the next-generation financial platform dedicated to reimagining access to global financial tools, successfully holded the highly anticipated Token Generation Event for its native $WFI token on Friday, November 15th. Following the TGE, $WFI debuted on Bitmart on November 18th, opening up new avenues for participation and interaction within the WeFi ecosystem. CHARLESTOWN, Saint Kitts and Nevis, November 18th, 2024/Chainwire/--WeFi, The $WFI token is the lifeblood of WeFi’s ecosystem, which seeks to empower users with a seamless blend of DeFi and traditional financial tools. Initially launched on Binance Smart Chain (BSC), $WFI will soon migrate to WeFi’s own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced dApps. With a fixed supply of 1,000,000,000 tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over quick gains. The TGE for $WFI embodies WeFi’s commitment to a Fair Launch model, ensuring that all participants have equal access to the token from the outset, without the advantage of pre-sale allocations or VIP access. This Fair Launch approach aligns with WeFi’s mission to create a Financial ecosystem rooted in transparency and inclusivity, making $WFI accessible to a broad community of users. A key feature that sets WeFi apart is its non-custodial account system, which seamlessly bridges Web3 and traditional banking. Users maintain full control of their digital assets while enjoying everyday banking convenience: their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, enabling automatic spending from their crypto holdings without manual top-ups. This means users can spend their digital assets as easily as traditional currency while retaining complete custody of their funds. This non-custodial design is expected to be a defining feature for WeFi, empowering users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space. A central pillar of WeFi’s approach is the Initial Technology Offering, or ITO platform, which facilitates community-driven token distribution through ITO nodes. These nodes allow early adopters to mine $WFI while also granting access to exclusive WeFi services, early listings, and additional rewards – creating a multi-faceted engagement model. Since its inception, the ITO platform has seen remarkable activity, with over 35 million $WFI tokens already minted, reflecting robust community support and interest in WeFi’s vision. Through ITO nodes , WeFi doesn’t just focus on mining but builds a network of committed users actively participating in the platform's growth and evolution. ITO nodes ITO nodes Maksym Sakharov, Co-Founder and Group CEO of WeFi shared his enthusiasm about the TGE and the ecosystem’s trajectory: “Our vision is rooted in the belief that access to the global economy is a fundamental right. We see a future where everyone, regardless of location or wealth, can claim their financial freedom through a secure, accessible, compliant, and fair financial system. We’re building a financial infrastructure that respects user autonomy and fosters inclusivity on a global scale. $WFI is the heartbeat of our platform; it facilitates everything from day-to-day transactions to secure staking, and it’s tailored for real use within our evolving ecosystem”. Maksym Sakharov, Co-Founder and Group CEO of WeFi shared his enthusiasm about the TGE and the ecosystem’s trajectory: “Our vision is rooted in the belief that access to the global economy is a fundamental right. We see a future where everyone, regardless of location or wealth, can claim their financial freedom through a secure, accessible, compliant, and fair financial system. We’re building a financial infrastructure that respects user autonomy and fosters inclusivity on a global scale. $WFI is the heartbeat of our platform; it facilitates everything from day-to-day transactions to secure staking, and it’s tailored for real use within our evolving ecosystem”. Sakharov added: “The TGE is a milestone that brings us closer to our vision of a new banking system where users truly own and benefit from the system they support. We’re thrilled to see $WFI go live on a major exchange, for more users to engage with WeFi and take control of their financial future.” Sakharov added: “The TGE is a milestone that brings us closer to our vision of a new banking system where users truly own and benefit from the system they support. We’re thrilled to see $WFI go live on a major exchange, for more users to engage with WeFi and take control of their financial future.” The $WFI listing on Bitmart at 11 AM UTC on November 18 kickstarted the journey. The deposits were opened on November 16 at 11:00 AM UTC, and withdrawals will be available starting November 19 at 11:00 AM UTC. This initial launch will boost liquidity and create new entry points for users globally, amplifying the reach of WeFi’s ecosystem. As WeFi advances, the platform’s development roadmap includes further integration with the WeChain blockchain and the continued rollout of Neobank services. This TGE marks a significant chapter in WeFi’s journey to create a community-driven ecosystem that combines financial freedom with robust utility, thus signaling a new era of possibilities for decentralized finance. About WeFi WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors. Through its Initial Technology Offering (ITO), WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards worldwide. For more information, users can visit WeFi’s ITO website at wechain.ai or follow us on X for updates on $WFI and the WeFi ecosystem. wechain.ai wechain.ai X X Contact WeFi press@wefi.co This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

WeFi To Enter New Phase Of DeFi Following November $WFI Token Generation Event

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