Toncoin Blockchain Upgrade Significantly Increases Transaction Speed
- Network Speed Boost: Pavel Durov, founder and CEO of Telegram, announced that the Toncoin blockchain has achieved a significant upgrade, increasing transaction speeds by approximately 10 times and block production by 6 times, reducing transaction confirmation times from about 10 seconds to under 1 second, greatly enhancing user experience.
- Catchain 2.0 Mechanism: The core of this upgrade is the Catchain 2.0 consensus mechanism, which allows blocks to be created approximately every 400 milliseconds, and the improved data flow layer enables applications to update almost instantly, significantly reducing transaction consensus times and enhancing real-time transaction capabilities.
- Economic Structure Changes: The upgrade also impacts the network's economic structure, with increased block production raising validator rewards, leading to an expected rise in TON's annual inflation rate from approximately 0.6% to 3.6%, although rewards are predicted to stabilize over time as staking participation increases.
- User Experience Innovation: By eliminating delays between transaction and confirmation, users can complete payments in about one second, significantly improving the previously common multi-second delays in blockchain applications, marking a major advancement in real-time transaction capabilities within blockchain technology.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0544 | 0.0571 | 0.0595 | 0.0621 | 0.0646 | 0.0672 | 0.0697 |
| Fibonacci | 0.0571 | 0.059 | 0.0602 | 0.0621 | 0.0641 | 0.0653 | 0.0672 |
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