Brevis Network Enhances Blockchain Scalability, Reshapes Smart Contract Trust Mechanism
- Scalability Innovation: Brevis Network enhances blockchain scalability by separating execution from verification, utilizing zero-knowledge proofs for complex offchain computations, thereby meeting the growing demands of decentralized finance (DeFi).
- Decentralized Proving Marketplace: Through ProverNet, Brevis establishes a decentralized proving marketplace that allows applications to submit proving tasks based on budget and latency preferences, reducing proving costs and enhancing system reliability.
- Usability of Historical Data: Brevis enables the usability of historical data on-chain, allowing developers to submit queries through the Brevis system, where offchain computations generate proofs that are verified and returned to contracts, avoiding the reintroduction of centralized trust.
- Strategic Outlook: The success of Brevis hinges on verifiable compute becoming a default expectation rather than a specialized feature, with a future focus on migrating real traffic to ProverNet, expanding proving capacity, and reducing coordination costs.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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 stock.
Support, Resistance & Moving Averages From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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