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SIA L2 (SIA Level Two). SIA Level Two is a modem-based reporting format that is ideal for large scale integrated solutions such as the Protégé System.
David Vorick Expressed: The Sia L2 network is currently doing an estimated 20 billion micropayments per day. I believe this makes us the highest volume payment network in the entire world in terms of raw transaction count.
Community reaction: If transactions are costless, this number is easily gamed. How much actual value is being moved?
Value is even more easily gamed. If you have 10 million dollars in crypto, you can hit $1 trillion transacted per day at just 1 tps. This is an engineering flex; we’re only doing as many transactions as makes sense to keep Skynet running smoothly and performantly.
Meanwhile, Siacoin (SC) according to community is worth watching. BTC pair held during 10% BTC dip. BTC now sub 60k, SC/USD is recovering. No specific breakout yet, but these are strong signs that one is coming. Solid fundamentals in this old school crypto that has been forgotten about for all the memes this year.
They just built out some really nice stuff on a weekend hackathon, got actual dweb / web3 apps running in no time. An image editor and meme generator (ironically) that you can then save to a decentralized network. So, your data is stored all over the place but opens with 1 link.
Those who are in a hurry about the price reaction were like: People keep saying that a breakout is about to happen, but it never does.
Someone who tried to buy Siacoin was like: Is SiaCoin having liquidity issue. Tried to buy only 56k coins and there wasn’t enough coins being sold in the exchange. I’m happy all my Sia Moonboys are holding creating a short squeeze many be bought to moon after any news or a whale buy.
Yesterday, Siacoin broke out of the big triangle on the trend chart and retested it as support. This makes feel the BULLISH mood. It’s also forming ascending triangle. So, once it breaks .02195, I think then we will see that massive move that I have been anticipating.
Something big going on with Siacoin. Volume went from 30 mill to 100 million and stayed there for the past few days even though market crashed. I’m expecting crazy news soon. Despite of the downward move of most crypto, Siacoin remains on its steady movement. It would not be surprising to see a +145% pump. Blow past that and $0.10 would be next.
