What Is Rough Consensus ?

Rough consensus, in its bare essence, refers to a method of decision-making that doesn't necessarily require unanimity. Instead, it allows to strike a balance, offering a decision that the majority agrees with, while not dismissing the views of the minority. In our increasingly connected and participatory world, this approach to decision-making has become even more critical.

Contrasting this with complete consensus, which demands total agreement, rough consensus is more about gauging the general trend of opinions. This subtle yet significant difference makes it a more practical and feasible approach in larger groups or complex systems, like blockchain governance, where achieving total unanimity is almost a Sisyphean task.

Deciphering Rough Consensus in the Blockchain & Cryptocurrency Sphere

In blockchain governance, rough consensus holds a pivotal role. The decentralization principle of blockchain technology necessitates a democratic way to make collective decisions. That's where rough consensus comes into play.

Bitcoin and Ethereum, two of the biggest cryptocurrencies, adopt this method of governance. In these systems, changes are proposed, and participants are allowed to vote by expressing their support or opposition. Unlike majority rule, where a simple 51% can dictate the outcome, rough consensus attempts to reconcile differing views and find a solution that, while not perfect, is acceptable to the majority.

Of course, there are other consensus mechanisms in the world of blockchain, like Proof-of-Work and Proof-of-Stake. But these mechanisms serve a different purpose. They are technical mechanisms used to validate transactions and create new blocks, maintaining the blockchain's integrity and security. In contrast, rough consensus is a socio-political method for decision-making within the blockchain community.

Here's the Analysis of #ENJ :

#ENJ moving off from the strong support zone of $0.25 - $0.26 and broke the resistance line too. Price moving through the uptrend channel pattern and expected to tap into the Major Resistance Area of $0.40 - $0.41. You can trade the move till major level.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, gave a shallow closing over the resistance area. Price made a aggressive push to the upside, and hit the daily resistance area. Its getting a rejection and might have a retracement by next week.

#DXY UPDATE :

#DXY moved very correctively to the upside and retested the resistance again. Index formed the resistance now, and expected the drop from here. A Drop will lead in good market movement to the upside. Alternatively, A Daily Candle Closure, will lead the good correction in the market.

Accessing the STH Cost Basis for Ethereum as well, which has provided support on several occasions in this uptrend already. Ethereum's STH-MVRV is trading at a very slight premium at the moment, which could suggest that spot prices are very close to the cost basis of recent buyers, who may panic should the market experience downside volatility.

What Is Ryuk Ransomware?

Ryuk ransomware is a ransomware attack. The Ryuk ransomware variant was originally discovered in August 2018 and since then it has managed to grow in visibility in order to become one of the most known as well as costliest ransomware variants of our time. This is due to the fact that, unlike early variations such as WannaCry, Ryuk is designed to be targeted. The design of this malware means that each of the victims has to receive the individual attention of the cybercriminals operating the malware. Ryuk is used in many targeted campaigns that have highly tailored infection vectors as well as high ransom demands.

Discussing Ryuk even further, the ransomware focuses on quality over quantity when it comes to picking out its victims. A Ryuk infection starts with a targeted attack to infect an intended victim, which follows file encryption as well as an extremely large ransom demand by the Ryuk ransomware.

When we discuss targeted means, these include the use of tailored spear-phishing emails as well as the exploitation of compromised credentials that are used to remotely access systems through a Remote Desktop Protocol (RDP).

A spear phishing email can carry Ryuk directly or be one of the first in a series of infections. Ryuk then uses a combination of encryption algorithms, such as an asymmetric algorithm known as AES-256 as well as an asymmetric algorithm known as RSA 4096. This means that Ryuk essentially encrypts a file with the symmetric algorithm and includes a copy of the symmetric encryption key encrypted with the RSA public key. When the victim pays for the ransom, the Ryuk operator will provide a copy of the corresponding RSA private key, which enables decryption for the symmetric encryption key where it is used on the encrypted files.

Here's the Analysis of #ADA :

#ADA kept on bouncing from the major support zone of $0.41 - $0.42 and moving within the consolidation range below the Key Resistance Area of $0.54 - $0.55. The range itself huge enough to trade the range, so try to take the opportunity and Buy/Sell only after the breakout.

#BTC made its weekly closing with a Strong bullish body and also a big rejection wick. The good point is price Weekly candle sustaining above the zone. Normally, price right now testing the resistance in LTF H4 and hodling. Looks like price might take a deep retest again back to support areas around nearby $67,000.

#ENJ forming a small triangle pattern and now trying to break below the uptrend channel pattern. Well, market is somewhere bullish now, so this can turn into the fakeout. Also, there's a resistance line above, which can give the buy opportunity for buys towards the next resistance area.

In the run-up to Bitcoin's all-time high (ATH) on 14-March, there was a noticeable increase in speculative activity. Specifically, capital accumulation has been observed among short-term holders, with the USD wealth held withing coins moved within the last 6 months approaching $240B, near ATHs.

Here's the Analysis of #LPT :

#LPT moving nearby the Major Resistance Area of $21.50 - $22.15 and moving within the uptrend channel pattern. Currently, price testing the channel as support and expected a bounce from here, so you can plan the setup as target $26.00 or $27.20 area.

#BTC touched $70,000, gone a bit above, swept the liquidity and made a lower break. That's a clean trap move. Right now, price is about to test the trendline and a possible bounce can come. Otherwise, we've a support at $65,000.

More than $150M+ Liquidated with the $3,000 dump in #BTC.

The Long-Term Holders, especially those in the 2 to 3-year cohort, have shown a significant decline. Some coins matured into the 3 to 5-year age band, while others were sold for profit. This divestment, influenced by the approval of ETFs, peaked in February 2024 as the market rallied, just a month before BTC reached its $73k ATH. Historically, Long-Term Holders take profits during strong demand periods.