Josh Olszewicz published new videos in which he covered Monero and Balancer price analysis, amid the latest market drop.
Balancer
The Balancer (BAL) protocol is a non-custodial portfolio management tool, liquidity provider, and price sensor, built on the Ethereum network. BAL is a governance token that can be used to vote on Balancer protocol changes and upgrades.
Balancer Labs was co-founded in 2018 by Fernando Martinelli and Mike McDonald through an engineering and research company, Block Science, before being spun out independently. A private seed round in March 2020 raised US$3 million and sold 5 million BAL tokens. In total, 25 million tokens were distributed to the founders, core developers, advisors, and investors with associated vetting periods. A remaining 75 million tokens will be distributed over the next 8-9 years through liquidity mining. BAL currently has a 10.8 million token circulating supply, with a 100 million capped token supply.
Monero
Created in April 2014, the privacy coin Monero (XMR) enables untraceable, unlinkable, private, and analysis-resistant transactions.
The default privacy features used in XMR leverage Multilayered Linkable Spontaneous Anonymous Group signatures (MLSAG), ring confidential transactions (RCT), and stealth addresses. In September 2020, the Concise Linkable Spontaneous Anonymous Group (CLSAG) transaction format was added, which decreased transaction sizes by 25% and decreased verification times by 20%. Other coins with the optional ability to send private transactions include Zcash (ZEC), DASH (DASH), GRIN (GRIN), and PIVX (PIVX), which use Zero-Knowledge proofs or CoinJoin.
