Sunday, March 26, 2023

Cardano Daily Discussion - March 27, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

See this post for more examples of what they look like

Do not be fooled!

To be clear:

⚠️ There is no such thing as a Cardano giveaway
⚠️ Never share your seed phrase with ANYONE
⚠️ Never send ADA to someone promising to send you more ADA back
⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&v=enabled&s=7d58fc8aaa2eb5f125624608b97bdd7b943a1111

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all

Crypto Consensus Breakdown - Understanding 15 powerful forms of Distributed Agreements

^{Originally Published:} ^{https://medium.com/coinmonks/crypto-consensus-breakdown-1cd7d3e44a31}

Tl,Dr
- Consensus is a fancy word for agreement
- Not every consensus mechanism serves the same function
- Consensus is the key element that creates trust in a system.

https://preview.redd.it/qaybvh48r7qa1.png?width=509&format=png&auto=webp&v=enabled&s=946e1557b5662815c00bd961e64167bdf0dd32ec

The cryptocurrency industry is notorious for its ability to use exotic terminology to confuse the shit out of non-technical people. Hell, sometimes even the most technical of people can get lost in the sauce.

The absurd rate of innovation that takes place in crypto is a breeding ground for new ideas. These new ideas require new, yet familiar forms of being communicated. One of the most overused forms of communication is through the formulation of terminology as “PROOF-OF-xyz”.

Everybody is always trying to prove something & this is for good reason, after all, the very essence of blockchain is “Don’t Trust, Verify.”

However, at some point it all just becomes overwhelming.

Today we put an end to this!

Ok, not really, but we will dissect one of the most important technical aspects upon which the entire industry is built: Consensus Mechanisms

Preclude, this is a very dense topic that requires an understanding of many different technical elements; I will try to break them all down as we go through it & provide links/resources for those that want to dive in deeper.

Cryptocurrency operates through a cloud computing system called a DLT (Distributed Ledger Technology), such as a Blockchain or DAG (Directed Acyclic Graph).

This technology has been developed as a solution to a computational “paradigm” known as The Byzantine Generals Problem which explains the difficulty of establishing secure communication in decentralized environments. Basically, if 3 generals surround a city & want to capture it, they must attack all at once. Any less than all 3 & it will fail. How can these generals coordinate with each other if there is so much risk involved in sending a message? The messenger getting lost, being delayed, losing the message, forging a fake message, getting caught by the enemy or just lying about it. It is actually a pretty stimulating read for anybody interested; but for the sake of brevity, we must move on.

Blockchains/DLTs are (supposed to be) immutable, transparent, append-only digital ledgers that provide an operational guarantee of consistently only showing the truth. These properties have given blockchain technology the colloquial nickname as “the trust machine”.

While we intuitively know what trust is, defining it is no simple task.

Trust is the assurance that future outcomes are dependable. It is the ability to put faith into something/someone without the fear, uncertainty or doubt of that something/someone fucking you over. Trusting is the ability to make a decision, with a high degree of confidence, and not have to worry about the counterparty risk.

Consensus mechanisms are the vehicles for establishing the truth, avoiding non-truth, & in turn garnering user trust in cryptocurrencies.

What is a consensus mechanism?

As it relates to crypto, consensus mechanisms provide the dual functionality of security guarantees & reward regulation. They are systems/protocols that are used to agree on a single version of history for all the chain’s activity. A code of conduct for establishing a common agreement on the shared, single, true state. They dictate:
- who verifies & confirms the transactions that are submitted into a blockchain block(s).
- how that verification & confirmation happens
- who & how is somebody rewarded for their efforts/contributions

This is where things get a little tricky:
Consensus mechanisms do not have to only have to deal with the cold hard computational logic of blockchain security. They can be used to express the coming to an agreement of trust on virtually any arbitrary social, technical or mechanical element.

The nuances of the delicate architecture behind consensus mechanisms are extremely complex… but at the highest level they can be boiled down to four core composing design elements:
- computational complexity
the amount of resources & steps that are necessary in order to arrive at the desired outcome (the quicker/shorter, the better)
- fault-tolerance
At core of any computational network’s consensus is the ability to maintain operations in the event that network participants drop out or stop working (which can happen sporadically) The higher the fault tolerance, the easier it is to game the system; the lower the tolerance the more resilient the system it. So if the fault tolerance of a system is 51% that means that the system can continue to operate as long as 49% is compromised. If the tolerance is 67%, that means the system can handle only 33% of compromised nodes.
- resilience
the ability to continue delivering proper results in the event of malicious activity (can happen for prolonged periods of time)
- liveliness
the guarantee that even after some unforeseen event happens, the network will continue to operate truthfully

Tradeoffs in Mechanisms:

There is no single universal mechanism to rule them all. Consensus mechanisms are radically different according to their application.

The blockchain trilemma poses that it is impossible to have the presence of all 3 properties: Security, Scalability, & Decentralization in a single system.

Source: Research Gate

There can only be some degree of a mixture between 2-of-3 elements. Based on which combination is present in a blockchain, each mechanism will differ according to:
- performance
- consistency,
- scalability,
- efficiency

While there are hundreds, if not thousands of different mechanisms out in the marketplace today; there are two general types of Consensus mechanisms based on their operational logic, proof-of-work & proof-of-stake. Every other variation will just be some modular adjustment or combination of these two.

Now that we have a general understanding of Consensus mechanisms; lets review some of them:

Disclaimer
- Not every “Proof-Of-something” serves the same functions as the others.
- Not every consensus mechanism needs to have “Proof-Of” in its name. (but these do)
- Byzantine Fault Tolerance is an element of any/every mechanism.

POW — Proof Of Work

Decentralization: Very High
Fault Tolerance: 51%
Use case: Securing blockchain history
Description: Resource-intensive process of extreme mathematical complexity that demands dedicated hardware. POW consensus is reached via the contribution of computational resources to solving mathematical problems of monstrous complexity. Here, nodes are called miners and earn their rewards through the emission of new network tokens. Leaders for block proposals are chosen on a first-come, first-serve basis according to whoever is able to solve the mathematical problem. POW itself has a built in sub-rule of “chain weight” or “chain height” & truncation. Whenever POW is running, miners are building their own versions of the next block; however, only one block will be accepted. Meaning that the network will truncate/discard all non-accepted blocks & always recalibrate to the version of the chain that is longest/heaviest (in terms of the amount of work done on it). This is considered the most secure/decentralized model of consensus because of its ability to resist global government scrutiny.

POW Examples - Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Kaspa (KAS)

POS — Proof Of Stake

Decentralization: moderate-high
Fault Tolerance: 67%
Use case: Securing blockchain history
Description: The most popular model for consensus. The concept behind this one is straightforward, users lockup/collateralize their tokens in order to participate. In POS models there are fixed circulating supplies meaning that no new tokens are issued as block rewards, the rewards are earned through the accrual of transaction fees. Additionally, unlike POW, POS models employ stake-slashing for any misbehavior; in the event that malicious/subversive behavior is found, that violating node will have ~50% of its stake forfeited to the network for redistribution amongst the fair nodes. Commonly considered to be less secure & more centralized than POW in the sense that incentives of network nodes are similar to legacy financial systems; deeper-pocketed players have a better chance to own the network nodes. Another important element to not overlook in POS is that there in order to become a node there is a minimal requirement of stake. In the example of Ethereum, it is 32 ETH. The tradeoff with this design is that a high level of truthful activity is expected in order to not lose stake; while it does minimize potential accessibility & in turn decentralization count. Additionally, POS is known to suffer the “rich getting richer” problem, the consensus is rooted primarily in just the amount/value at stake; therefore those who have more, will earn more & not give others a fair chance. Aside from the prior, the truth of why this scores lower on decentralization than POW is resilience against governments. Governments can in theory hunt down these networks & force them to shut down operations; POS is easier to subvert on a mass scale. However, one major benefit of POS over POW is energy efficiency.

POS Examples — Ethereum (ETH), *Cardano (ADA), *Tezos (TEZ), CELO (CELO), Polkadot (DOT), *Avalanche (AVAX), ThorChain (RUNE), Ontology (ONT) \is a variant of POS*

dPOS — Delegated Proof Of Stake

Decentralization: Low
Fault Tolerance: 67%
Use case: Securing blockchain history
Description: The most popular adaptation of regular POS; delegated Proof of Stake is an attempt to democratize access to participation in the network’s operations & rewards. Only the largest can partake in the securing process while smaller-sized token holders “delegate” their tokens to the operating nodes; basically, they vote with their tokens, never giving them to the actual node. dPOS consensus models will typically have in the range of 21–101 nodes that are handling network operations. These network operators are selected based on the amount of tokens they have at stake. The largest benefit of the dPOS variant is that by constraining the amount of nodes; while this leads to centralization, it does also bring the added benefit of faster processing times.

dPOS Examples — Polygon (MATIC), Tron (TRX), EOS (EOS), Lisk (LSK), Ark (ARK), Radix (XRD),

LPOS — Leased Proof Of Stake

Decentralization: Low - Moderate
Fault Tolerance: 67%
Use case: Securing blockchain history
Description: This is an advanced variation of POS. Very similar to the delegated proof of stake model, Leased Proof-of-Stake provides the technical difference in; that in dPOS the network nodes accrue the rewards & then distribute to their delegators; but in LPOS users are actually lending their tokens to the nodes, thereby they own a portion of that nodes weight & accrue the rewards directly, rather than through the delegate. The tradeoff here is that to run the physical node, very high level of technical knowledge & equipment is needed. So far this implementation has only been utilized in one project.

LPOS Examples — Waves (WAVES)

HPOS — Hybrid Proof Of Stake (also called Proof of Activity)

Decentralization: Moderate
Fault Tolerance: 51%
Use case: Securing blockchain history
Description: As the name might have hinted out, HPOS is a creative architecture that leverages both base consensus models (POW + POS). In this model, there are two tiers of processes that take place. On the base level, miners (just as in POW) verify & package transactions into blocks. Then these pre-vetted blocks are submitted into the mempool of the second tier, where POS nodes run an extra round of checks on the blocks & validate them.

HPOS Examples — DASH (DASH), Decred (DCR)

PPOS — Pure Proof Of Stake

Decentralization: Very High*
Fault Tolerance: 67%
Use case: Securing blockchain history
Description: Another variation of POS. Novel in design when compared to other variations because it is arguably more decentralized (not). This variant does not have a punishment mechanism; so technically bad actors can act badly & not suffer. However, this design is extremely low in its barrier to entry, only 1 single token is required to join as a node. In theory, this is easy to game because a single actor can make a silent-Sybil attack by distributing 1,000 tokens over 1,000 different wallets.

PPOS Examples — Algorand (ALGO)

POI — Proof Of Importance

Decentralization: Low-Moderate
Fault Tolerance: 67%
Use case: Securing blockchain history
Description: Reputation-based model that is yet another implementation of POS. Difficult to become accepted as a valid node, easy to get kicked out. I must admit, this one is a little more creative in its approach. Proof of importance utilizes two factors outside of just the stake; these include:
1. the staking nodes’ network activity (rather than just staking passively, they must contribute to the velocity of the token on the network)
2. the quality of the nodes’ activity (spam transactions will not help)

POI Examples — NEM (XEM)

POA — Proof Of Authority

Decentralization: None - very low
Fault Tolerance: 51%
Use case: Securing blockchain history
Description: Centralization is the name of the game here. POA utilizes a valuable non-financial primitive to operate, identity. By using identity, all of the operating network participants risk their reputation in order to be part of the consensus circle. Anywhere there is identity there is centralization. However, by having small constrained amounts of known operators, networks that use POA have extremely high throughput potential. This is definitely not a mechanism that you want underpinning any public goods blockchains, but that hasn’t stopped projects from leveraging it.

POA Examples — VeChain (VET)

pBFT — Practical Byzantine Fault Tolerance

Decentralization: Low
Fault Tolerance: 67%
Use case: Developing robustness of a mechanism
Description: A key compositional component for building other consensus mechanisms. Typically found in permissioned networks, pBFT works by leveraging the replication of data throughout nodes. Not the most efficient of models due to inherent communication restraints, but very resilient (obviously tolerance is high in centralized systems, the players only have themselves & their friends to blame).

pBFT Examples — *Zilliqa (ZIL) {\uses a mixture of POW + pBFT}*

dBFT — Delegated Byzantine Fault Tolerance

Decentralization: Low
Fault Tolerance: 51%
Use case: Developing robustness of a mechanism
Description: As is the case with its cousin above (pBFT) delegated Byzantine fault tolerance is a compositional element for the creation of more robust blockchain systems. On its own, the mechanism can be used to support distributed communications, however, they are limited by communication constraints that make dBFT systems centralized by default.

dBFT Examples — NEO (NEO)

POC — Proof Of Capacity/Commitment

Decentralization: Low
Fault Tolerance: 51%
Use case: Securing blockchain history
Description: Unique twist on the POW consensus mechanisms; rather than utilizing processing units to constantly solve problems; proof-of-Capacity leverages disk space/memory. POC plots potential solutions to future problems & stores them in the empty disk space of miners. Not to be confused with a total lack of mining, because mining still takes place; it just happens pre-emptively (which then might bring up potential security risks). Not very effective at large scale due to high sensitivity in the event of a node dropping out, which requires a re-plotting of the whole network & becomes less efficient as more mining nodes join (they require additional plotting which then creates huge backlogs on the computers allocating disk space).

POC Examples — Storj (STORJ), Chia (XCH), Signum (SIGNA)

POH — Proof Of History

Decentralization: N/A
Fault Tolerance: N/A
Use case: Timestamping & organization
Description: This is not a standalone protocol to build a blockchain on. POH is used with, you guessed it, POS, as a technique used to timestamp transactions using a VRF (verifiable random function) hashing method that allows for blocks in a blockchain to be processed & submitted into a mempool. This allows for a network to continue operations at maximum capacity regardless of what might be happening with any individual node at a given time. If a node did not submit a block on time that is not going to hinder the production of the next block because the delayed block will be organized into its correct position as soon as possible.

POS Examples — Solana (SOL)

POET — Proof Of Elapsed Time

Decentralization: Nope
Fault Tolerance: 51%
Use case: Securing blockchain history
Description: This is an extremely centralized model for building a network, primarily because it is Intellectual property (IP) that is protected by patents & nobody wants to go to war with Intel. Nevertheless, the design itself is brilliant. POET is yet another model that leverages POS logic with a mixture of the Nakamoto consensus principle of longest/heaviest chain, along with its own added concepts of an internal timer & “resting”. Miner nodes are selected at random & the same node cannot be selected back to back. Once a node commits a block a random timer is put on the node & it falls “asleep”. While it is asleep it does not use any computational resources; which makes this model greener in terms of electrical consumption than other POS variants.

POET Example — HyperLedger Sawtooth

POA — Proof Of Access

Decentralization: Low
Fault Tolerance: 51%
Use case: Securing Storage & data
Description: An augmented version of POW, Proof-of-Access is an algorithm created by the Arweave project that uses a clever technique to verify incoming blocks. Instead of solely relying on the previous block, miners use something called a “recall block” along with a randomly picked previous block. Recall blocks can be though of as reliable points in the history of the chain that do not require the storage of all the chain data. This creates a lightweight model for proving data, resulting in more efficient storage capabilities, less computational resource waste & increased throughput. One potential downside of this model is that it prefers older nodes due to their history archives; newer nodes do not have access to the same archived data & will only be downloading the recall blocks. Which in theory creates a hierarchy by age.

POA Examples — Arweave (AR)

POREP — Proof Of Replication

Decentralization: N/A
Fault Tolerance: 51%
Use case: Securing Storage & data + Cloud Computing
Description: This beauty of a model is actually an expansion of a predecessor model in data storage (Proof-of-Space) with a build-out integration of POW that prioritizes the ability of storage space on the network/in the operational node’s disk space. There are elements of the pBFT consensus mechanism in that data that is added into the network, is replicated throughout network miners. The ingenuity of POREP is defined by its ability to combat the decentralized cloud computing industry’s most devious attack vector known as a “generation attack”, whereby a mining node pays to upload a document & then infinitely requests that document, collecting fees for providing the storage of it.

POREP Examples — Filecoin (FIL)

That is only a small sample of how much incredible work is actually out there.

Consensus mechanisms are the crux of a distributed system’s trust. The mechanism dictates the rules/laws by which the system operates. Every choice in a system’s design must be made with extreme scrutiny, applying an improper mechanism to a system will cause cognitive dissonance between the users & network operators; in turn causing a loss of trust.

It is impossible to quantify which mechanism is better than the other; everything is contextual, everything is subjective.

With infinite opportunity ahead of us,
I thank you for reading

May your journey be incredible
&
Your portfolio be plentiful 🥂

^{Originally Published:} ^{https://medium.com/coinmonks/crypto-consensus-breakdown-1cd7d3e44a31}

The 2023 Crypto & DEFI Resource MegaList (>200+) - Comprehensive list of Tools for Navigating Cryptocurrency

^{Originally Published:} ^{https://medium.com/the-crypto-masters-guide-tcmg/the-2023-crypto-defi-resource-megalist-200-e1fabdb71813}

https://preview.redd.it/tbohjqfyv5qa1.png?width=634&format=png&auto=webp&v=enabled&s=e473ba324f274bd357d064ceedddc805e51f7603

Information is the foundation of good decision-making.

Cryptocurrency innovates at the speed of light.

New protocols are constantly coming to market, promising to solve some of mankind's greatest financial troubles. While their intentions might be good, the result is a cluttered, noisy environment that promotes FOMO & makes it nearly impossible to make sound decisions.

In order to succeed in the wild, volatile, & often opaque world of cryptocurrency it is necessary to quiet the noise & hone in on real signals. The best way to do that is by building out your own Crypto ToolKit.

Quick Notes on building a Crypto ToolKit:
-) Do not use every single tool (unless you’re a crypto savant)
-) Review each resource/tool individually (5–10 min per resource)
-) Select only the one’s that appeal most to your specific preferences

As you might already be aware, the crypto-verse is highly fragmented in the sense that there are many different chains & protocols. Given that not all chains & protocols are interoperable (yet), all of the tools listed provided below are will be as general & multi-purpose as possible.

Without further ado, Let's dive in:

📊 Market Data 📊

https://preview.redd.it/r2ocozl2w5qa1.jpg?width=2100&format=pjpg&auto=webp&v=enabled&s=73eae31962b61295155d428925b31ba787e0f794

The starting point of almost every person’s crypto journey, Market Data providers are listing sites that aggregate all open financial digital asset data. All of the fundamental economic elements, Price, Volume, Circulating supply, Orderbooks, market dominance, historic data, & everything else.

1) Token Terminal - https://tokenterminal.com/
2) Messari - https://messari.io/
3) Crypto Slate - https://cryptoslate.com/coins/
4) CoinGlass - https://www.coinglass.com/
5) Coin Market Cap - https://coinmarketcap.com/
6) Coin Gecko - https://www.coingecko.com/
7) Coin Metrics - https://coinmetrics.io/
8) Coinlib - https://coinlib.io/
9) Crypto Compare - https://www.cryptocompare.com/
10) CoinCap - https://coincap.io/
11) CoinRanking - https://coinranking.com/
12) Coin360 — https://coin360.com/
13) Bitgur — https://bitgur.com/
14) Nomics — https://nomics.com/
15) CryptoWatch - https://cryptowat.ch/
16) BraveNewCoin — https://bravenewcoin.com/
17) LiveCoinWatch — https://www.livecoinwatch.com/
18) MultiCoinCharts - https://www.multicoincharts.com/home/
19) Nansen - https://www.nansen.ai/
20) CoinPaprika - https://coinpaprika.com/
21) CoinAlpha - https://coinalpha.app/
22) CoinScope - https://www.coinscope.co/
23) DropsTabs - https://dropstab.com/
24) CryptoView - https://www.cryptoview.com/
25) CoinCarp - https://www.coincarp.com/
26) Mytokencap - https://www.mytokencap.com/
27) CoinCodex — https://coincodex.com/
28) CoinLobster — https://coinlobster.com/

💱 DEFI Dashboard & Aggregators💱

https://preview.redd.it/uea7ixs5w5qa1.jpg?width=2090&format=pjpg&auto=webp&v=enabled&s=93b61d85beedc634586d066ff5e80ebebd19d016

Decentralized finance is an incredibly broad term that includes a wide range of applications that vary based on functionality & intended purpose. While the majority of current DEFI activity happens across 4 blockchains (Ethereum, Binance Smart Chain, Polygon & Solana) there are so many up & coming alternative platforms such as Optimism & Arbitrum that have been garnering attention that for the sake of brevity I will only list the few products that I am personally familiar with.

1) Dapp Radar — https://dappradar.com/defi
2) DEFI Llama — https://defillama.com/
3) DEFI Prime — https://defiprime.com/
4) DEFI Pulse — https://www.defipulse.com/
5) YieldWatch - https://www.yieldwatch.net/
6) ZapperFI - https://zapper.xyz/
7) Zerion - https://zerion.io/
8) InstaDapp - https://instadapp.io/
9) Frontier - https://www.frontier.xyz/
10) Apebored - https://apeboard.finance/
11) Debank - https://debank.com/
12) APYvision - https://app.apy.vision/
13) Plasma Finance - https://plasma.finance/
14) Farm Army - https://farm.army/
15) DEFISaver - https://defisaver.com/
16) Gnosis Safe - https://gnosis-safe.io/
17) DefiYield - https://defiyield.app/
18) Coin98 - https://coin98.com/
19) AstroTools - https://astrotools.io/
20) MultiFarm - https://www.multifarm.fi/
21) OctoFi - https://octo.fi/
22) Parallel - https://parallel.fi/
23) Exponential - https://exponential.fi/
24) WalletDefi - https://walletdefi.app/
25) DEFImarketCap - https://defimarketcap.io/
26) QuantifyCrypto - https://quantifycrypto.com/

📰 News 📰

https://preview.redd.it/116jacx8w5qa1.jpg?width=2090&format=pjpg&auto=webp&v=enabled&s=6c17fba9ea80f627145cf2b140b420ce97ba20cd

Crypto is becoming all the more politicized as time goes on. An absurd amount of crypto/DEFI news sites pop up constantly & push their own agendas. The best way to source news (in any industry) is by having a few reliable individual outlets & cross-referencing information across them all.

1) CoinDesk - https://www.coindesk.com/
2) Coin Telegraph - https://cointelegraph.com/
3) Bitcoin Magazine - https://bitcoinmagazine.com/
4) The Cryptonomist - https://en.cryptonomist.ch/
5) Be In Crypto - https://beincrypto.com/
6) CoinGape - https://coingape.com/
7) CryptoSlate - https://cryptoslate.com/
8) Crypto Briefing - https://cryptobriefing.com/
9) CryptoDaily - https://cryptodaily.co.uk/
10) Crypto Potato - https://cryptopotato.com/
11) BraveNewCoin - https://bravenewcoin.com/
12) Coin Journal - https://coinjournal.net/
13) Coin Speaker - https://www.coinspeaker.com/
14) CoinCu - https://news.coincu.com/
15) Bitcoinist - https://bitcoinist.com/
16) CryptoPanic - https://cryptopanic.com/
17) Crypto News - https://cryptonews.com/
18) U Today - https://u.today/
19) CoinGraph - https://www.coingraph.news/
20) Decrypt - https://decrypt.co/
21) Blockworks - https://blockworks.co/
22) CryptoCapitalNews - https://cryptocapitalnews.com/
23) Protos—https://protos.com/

👛 Wallets 👛

https://preview.redd.it/998wqnwdw5qa1.jpg?width=2100&format=pjpg&auto=webp&v=enabled&s=c9e96f76f5db7d74043c246ca32b6a6920d06da8

Wallets are the foundation for getting involved & staying in crypto. Wallets are exactly what they sound like, places to securely store/view your crypto asset holdings. Wallets typically come in 2 flavors, Chain-specific & Chain-agnostic. Chain-specific wallets are tied to a single blockchain platform (i.e ETH/BNB). These will only be able to store their native chain tokens, but allow the users to interact with on-chain assets/applications. Whereas chain-agnostic wallets might allow their users to store crypto assets from any blockchain, but that is the limit of their capabilities as they are usually single-purpose only (storage)

1) MetaMask - https://metamask.io/
2) MEW - https://www.myetherwallet.com/
3) Dynamic - https://www.dynamic.xyz/
4) XDEFI - https://www.xdefi.io/
5) Enkryptic - https://www.enkrypt.com/
6) Argent - https://www.argent.xyz/
7) Dopamine - https://dopamineapp.com/
8) TrustWallet - https://trustwallet.com/
9) Eidoo - https://eidoo.app/
10) Dapppocket - https://www.dapppocket.io/
11) Atomic Wallet - https://atomicwallet.io/
12) Bread Wallet - https://brd.com/
13) Guarda - https://guarda.com/
14) Exodus - https://www.exodus.com/
15) ZenGo - https://zengo.com/
16) Coinomi - https://www.coinomi.com/en/
17) Luno - https://www.luno.com/en-US
18) Ambire - https://www.ambire.com/
19) Jaxx - https://jaxx.io/
20) Edge - https://edge.app/
21) Freewallet - https://freewallet.org/
22) Coinbase Wallet - https://www.coinbase.com/wallet
23) Coin Wallet - https://coin.space/
24) Ballet Wallet - https://www.ballet.com/coins/
25) Unstoppable - https://unstoppable.money/
26) Brave Wallet - https://brave.com/wallet/
27) BitPay - https://bitpay.com/wallet/
28) Crypto.com - https://crypto.com/us/defi-wallet

🔎 Explorers 🔍

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Explorers are software tools that allow users to inspect the activity that has happened / is happening on-chain. Explorers are typically built-to-blockchain, meaning every chain needs its own explorer. Given the girth of data these tools access, explorers tend to be multi-purpose tools (i.e. data providers/ analytics dashboards / compliance).

1) Ethscan - https://etherscan.io/
2) Bitquery - https://explorer.bitquery.io/
3) Blockchair - https://blockchair.com/
4) Tokenview - https://tokenview.io/
5) Blockcypher - https://www.blockcypher.com/
6) GetBlock - https://getblock.io/explorers/
7) ViewBlock - https://viewblock.io/
8) BreadCrumbs - https://www.breadcrumbs.app/
9) Beaconchain - https://beaconcha.in/
10) Blockstream - https://blockstream.info/
11) Ethplorer - https://ethplorer.io/
12) OXT - https://oxt.me/
13) Xscan - https://xscan.io/
14) Sochain - https://sochain.com/
15) OkLink - https://www.oklink.com/en
16) Pingpub - https://ping.pub/

⛓ On-Chain Data ⛓

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On-chain data tools are closely related to explorers in the sense that they allow users to inspect the activity that has happened / is happening on-chain. The main difference between the On-chain Data tools & Explorers is the UI & granularity of data they provide.
\The main difference between On-Chain data providers & traditional market data is the absence of information that is external to any blockchain.*

1) Glassnode - https://glassnode.com/
2) Dune Analytics - https://dune.com/home
3) IntoTheBlock - https://www.intotheblock.com/
4) Mempool - https://mempool.space/
5) Artemis - https://www.artemis.xyz/
6) Parsiq - https://www.parsiq.net/

🌉 Bridges 🌉

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Within the context of cryptocurrency, a bridge is a software tool or protocol that allows otherwise non-compatible blockchains a method to transfer digital assets between one another.

1) MultiChain - https://multichain.org/
2) CrossChain Bridge - https://www.crosschainbridge.org/
3) Celer C Bridge - https://cbridge.celer.network/1/56/USDC
4) Synapse - https://synapseprotocol.com/
5) Connext - https://bridge.connext.network/USDC-from-ethereum-to-binance
6) Relay - https://www.relaychain.com/
7) Symbiosis - https://symbiosis.finance/
8) Umbria - https://umbria.network/
9) EverBridge - https://www.everrise.com/everbridge/
10) Bungee - https://www.bungee.exchange/
11) Portal Bridge - https://www.portalbridge.com/#/transfer
12) Nomad - https://www.nomad.xyz/
13) Hop - https://hop.exchange/
14) PolyBridge - https://bridge.poly.network/
15) SolarBeam - https://app.solarbeam.io/bridge
16) Orbitchain - https://orbitchain.io/about

💹 DEXes 💹

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Decentralized Exchanges are the new financial trading paradigm. Generally free from traditional regulatory scrutiny, DEXs are places to buy, sell, swap & provide liquidity for crypto assets.

1) UniSwap - https://uniswap.org/
2) 1inch - https://app.1inch.io/
3) DexTools - https://www.dextools.io/app/en
4) DexGuru - https://dex.guru/
5) GeckoTerminal - https://www.geckoterminal.com/
6) PancakeSwap - https://pancakeswap.finance/
7) TraderJoe - https://traderjoexyz.com/avalanche
8) Arken - https://swap.arken.finance/
9) Flooz - https://flooz.trade/trade
10) Balancer - https://balancer.fi/
11) Bancor - https://home.bancor.network/
12) Airswap - https://www.airswap.io/#/
13) Sushiswap - https://www.sushi.com/
14) Paraswap - https://www.paraswap.io/
15) Jupiter - https://jup.ag/
16) ThorChain - https://thorchain.org/
17) WooFi - https://fi.woo.org/
18) DYDX - https://trade.dydx.exchange/
19) Slingshot - https://app.slingshot.finance/swap/ETH
20) Apex Exchange - https://www.apex.exchange/
21) Osmosis - https://app.osmosis.zone/
22) Curve - https://curve.fi/#/ethereum/swap
23) Tokenlon - https://tokenlon.im/instant
24) Swapz — https://www.swapz.app/

📅 Calendars & Event Schedules 📅

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Keeping up with the Kardashians is much easier than keeping up with your favorite crypto protocol; the question then becomes HOW do you plan to manage the onslaught on events? While there is no easy answer, using a Crypto Calander will definitely help:

1) CoinMarketCal - https://coinmarketcal.com/en/
2) CoinDar - https://coindar.org/
3) CoinsCalendar - https://coinscalendar.com/
4) CryptoTotem - https://cryptototem.com/ico-calendar/
5) CoinCarp events - https://www.coincarp.com/events/
6) VestLabs - https://vestlab.io/calendar

🪂 Airdrops 🪂

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The most popular tool for distribution in the entire industry, airdrops are incentives that are offered/provided at the earlier stages of a project’s development to help bootstrap it’s alpha community members.

1) Earnifi - https://earni.fi/
2) airdropsio - https://airdrops.io/
3) AirDropAlert - https://airdropalert.com/
4) AirdropsLive - https://airdrops.live/
5) AirdropBob - https://www.airdropbob.com/
6) AirDropAddict - https://airdropaddict.com/
7) CoinAirDrops - https://coinairdrops.com/
8) ICOdrops - https://icodrops.com/

💸 Grants 💸

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Grants are a necessary component to helping startups & innovators get their ideas off the ground. In the world of crypto & blockchain grants are usually offered & deployed on a chain/case-specific basis. In order to be properly up to date on grant opportunities it is best to be actively involved in individual projects and/or blockchains.

1) Blockchain Grants - https://www.blockchaingrants.org/
2) GitCoin - https://gitcoin.co/grants/
3) Consensys - https://consensys.net/grants/
4) Concoridum — https://concordium.com/grants/
5) Web3 grants - https://web3grants.net/
6) Web3Foundation - https://web3.foundation/grants/
7) Ramp Rate - https://ramprate.com/blockchain-grant-opportunities/
8) Unigrants - https://www.unigrants.org/
9) Aave grants - https://aavegrants.org/
10) Near grants - https://near.org/ecosystem/get-funding/
11) Eth Foundation - https://esp.ethereum.foundation/
12) Zcash grants - https://grants.zfnd.org/
13) Alchemy Dev grants - https://www.alchemy.com/developer-grant-program
14) dydx grants — https://www.dydxgrants.com/
15) Solana grants — https://solana.org/grants
16) Gate grants - https://www.gate.io/grants

🛡 Audits 🛡

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Audits are used to assess the quality/security of a protocol. When considering a protocol to use, it is nearly impossible to understand all of the associated risk factors, even for professionals. It is crucial that every serious project employs some form of audit for every individual piece of software.

1) Certik - https://www.certik.com/
2) Consensys Dilligence - https://consensys.net/diligence/
3) Hacken - https://hacken.io/services/smart-contract-security-audit/
4) Open Zepplin - https://www.openzeppelin.com/security-audits
5) Trail of Bits - https://www.trailofbits.com/
6) Slowmist - https://www.slowmist.com/
7) Solidified - https://solidified.io/
8) Chain Security - https://chainsecurity.com/smart-contract-audit-reports/
9) PeckShield - https://peckshield.com/#home
10) Halborn - https://halborn.com/
11) Quantstamp - https://quantstamp.com/
12) Solidity Finance - https://solidity.finance/
13) Immune Bytes - https://www.immunebytes.com/

🌊😎 Cool & Honorable Mentions 😎🌊

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There are always exotic instruments & services being built to help make sense of the wild world of crypto; some of these are difficult to classify but still deserve attention for serving their own unique & useful purpose(s).

1) Fiat Leak - https://fiatleak.com/
2) Everest - https://everest.link/
3) Revoke.cash - https://revoke.cash/
4) CryptoQuant - https://cryptoquant.com/asset/btc/summary
5) CryptoFees - https://cryptofees.info/
6) Hashrate Index - https://data.hashrateindex.com/asic-index-data
7) LunarCrush — https://lunarcrush.com/home
8) Santiment — https://santiment.net/

This list is by no means exhaustive, there are thousands of other tools/resources out there. Odds are, you do not even need 1/10 of those on this list; so my recommendation is don’t waste time wishing for better tools — learn how to masterfully use a few key ones provided above.

If you went through the entire list, you might have noticed that there are no CEFI (centralized financial) tools on this list. This was done on purpose, given the madness that transpired with centralized exchanges/service providers throughout 2022.

If for any reason you would like me to add any specific resource that might be beneficial to others, just drop a comment below or send me a DM on Twitter.

Otherwise; I hope you find these tools helpful in building your knowledge & financial freedom.

Thank you so much for reading!

🥂🚀 See you in the next Bull Market 🚀🥂

^{Originally Published:} ^{https://medium.com/the-crypto-masters-guide-tcmg/the-2023-crypto-defi-resource-megalist-200-e1fabdb71813}

got an ad for a crypto scam on the we got hacked video

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Maximizing Your Winnings: Strategies for USA High Roller Slot Players

Introduction

Definition of high roller slotsHigh roller slots are casino slot machines that are designed for USA players who are willing to bet large amounts of money. These types of online slots typically have a higher minimum bet amount than regular slot machines and offer higher payouts, often with progressive jackpots that can reach millions of dollars. High roller slots are popular among serious gamblers who are looking for the excitement and challenge of betting large amounts of money for the chance to win big. These types of slots can be found in both land-based and online casinos, and often offer additional perks and benefits to high rollers, such as exclusive bonuses, access to VIP clubs, and personal attention from casino staff.

Importance of having a strategy for playing high roller slotsHaving a strategy for playing high roller slots is important for several reasons:

Maximizing winnings: A well-planned strategy can help you increase your chances of winning and maximize your potential payouts. By understanding the game, setting a budget, choosing the right machine, and using betting strategies, you can increase your odds of winning big.
Minimizing losses: A strategy can also help you manage your bankroll and minimize your losses. By setting win-loss limits and sticking to a predetermined budget, you can avoid overspending and prevent yourself from getting into financial trouble.
Improving decision-making: A strategy can help you make better decisions when playing high roller slots. By having a plan in place, you can avoid impulsive decisions and emotional reactions that can lead to poor choices and bad outcomes.
Increasing enjoyment: A strategy can also help you enjoy the game more by giving you a sense of control and purpose. Instead of simply relying on luck, you can take an active role in your gameplay and feel a sense of accomplishment when your strategy pays off.

Overall, having a strategy for online playing high roller slots for real money can help you play more effectively, responsibly, and enjoyably, leading to a better overall gaming experience.

Understand the Game

Research the game’s paytable and payout structureResearching the game’s paytable and payout structure is an important step in developing a strategy for playing high roller slots. Here’s why:

Understanding the paytable: The paytable is a chart that outlines the winning combinations and payouts for a specific slot machine. By studying the paytable, you can learn which symbols are the most valuable and which combinations offer the highest payouts. This information can help you make better betting decisions and increase your chances of winning.
Identifying the payout structure: The payout structure refers to how often a machine pays out and how much it pays out. By understanding the payout structure, you can identify the machine’s volatility and adjust your betting strategy accordingly. For example, a machine with a high volatility may pay out less frequently but offer higher payouts, while a machine with a low volatility may pay out more frequently but with smaller payouts.
Comparing machines: By researching the paytables and payout structures of different machines, you can compare them and determine which ones offer the best odds of winning. This can help you choose the right machine to play and increase your chances of winning big.

To research the paytable and payout structure of a specific high roller slot machine, you can consult the game’s instruction manual or look up information online. Many online casinos also offer free play options that allow you to try out different machines and learn more about their payouts and payout structures before betting real money.

Learn the game’s rules and mechanicsLearning the rules and mechanics of a high roller slot machine is an essential step in developing a strategy for playing the game effectively. Here are some reasons why:

Understanding the gameplay: By understanding how the game works and what the rules are, you can make informed decisions about when and how to place bets. You’ll also be able to identify when you’ve won and how much you’ve won.
Identifying features and bonuses: Many high roller slot machines come with unique features and bonuses, such as free spins, wild symbols, and bonus rounds. By learning the rules and mechanics of the game, you can identify these features and use them to your advantage, potentially increasing your chances of winning.
Avoiding costly mistakes: If you don’t understand the rules and mechanics of a high roller slot machine, you may make costly mistakes that could negatively impact your bankroll. For example, you might not realize that you need to bet the maximum amount to be eligible for the jackpot, or you might not understand how to trigger a bonus round. These mistakes can be avoided by taking the time to learn the game’s rules and mechanics.

To learn the rules and mechanics of a high roller slot machine, you can consult the game’s instruction manual or look up information online. Many online casinos also offer free play options that allow you to try out different machines and learn how they work before betting real money. Additionally, some casinos may offer tutorials or demonstrations that can help you understand the gameplay and features of high roller slot machines.

Understand the game’s variance and volatilityUnderstanding the variance and volatility of a high roller slot machine is an important step in developing a strategy for playing the game. Here’s why:

Managing bankroll: Variance and volatility affect how often a machine pays out and how much it pays out. High variance machines pay out less frequently but offer larger payouts, while low variance machines pay out more often but offer smaller payouts. High volatility machines, on the other hand, have a greater chance of producing big wins, but also come with a higher risk of losing more money quickly. By understanding the machine’s variance and volatility, you can manage your bankroll more effectively and adjust your bets accordingly.
Choosing the right machine: By understanding the machine’s variance and volatility, you can choose the right machine to play. If you’re looking for big payouts and don’t mind taking a risk, a high variance or high volatility machine may be the right choice for you. However, if you’re looking for more frequent wins and want to play it safe, a low variance or low volatility machine may be a better option.
Adjusting your betting strategy: Your betting strategy should also be adjusted based on the machine’s variance and volatility. If you’re playing a high variance or high volatility machine, you may want to bet smaller amounts to avoid quickly depleting your bankroll. On the other hand, if you’re playing a low variance or low volatility machine, you may want to increase your bets to maximize your winnings.

To understand the variance and volatility of a high roller slot machine, you can consult the game’s instruction manual or look up information online. Many online casinos also provide information on the variance and volatility of their slot machines, so you can choose the right machine for your preferences and betting style.

Set a Budget and Stick to It

Determine a bankroll and stick to itDetermining a bankroll and sticking to it is an essential part of developing a strategy for playing high roller slot machines. Here’s why:

Prevents overspending: By determining a bankroll, you can set a limit on how much money you’re willing to spend on the game. This helps prevent overspending and ensures that you don’t risk more money than you can afford to lose.
Keeps track of winnings and losses: Having a bankroll also helps you keep track of your winnings and losses. You’ll be able to see how much money you’ve won or lost during your gaming session, and adjust your bets accordingly.
Allows for better bankroll management: With a bankroll in place, you can manage your money more effectively. You’ll be able to adjust your bets based on the machine’s variance and volatility, and make informed decisions about when to increase or decrease your bets.

To determine a bankroll, you should take a look at your finances and decide how much money you’re willing to spend on playing high roller slot machines. You should never gamble with money that you can’t afford to lose. Once you’ve determined your bankroll, you should stick to it and avoid increasing your bets beyond what you can afford.

Additionally, you can also consider setting win and loss limits. A win limit is the amount of money you’re willing to win before you stop playing, while a loss limit is the amount of money you’re willing to lose before you stop playing. Setting these limits can help you stay within your bankroll and avoid chasing losses or getting carried away with your winnings.

Determine a win-loss limitDetermining a win-loss limit is an important part of developing a strategy for playing high roller slot machines. Here’s why:

Prevents chasing losses: By setting a loss limit, you can prevent yourself from chasing losses and risking more money than you can afford to lose. If you reach your loss limit, you’ll know it’s time to stop playing and avoid further losses.
Avoids getting carried away: Setting a win limit can also help you avoid getting carried away with your winnings. If you reach your win limit, you’ll know it’s time to stop playing and enjoy your winnings.
Helps manage bankroll: Win and loss limits can also help you manage your bankroll more effectively. By setting these limits, you can control how much money you’re willing to risk on a particular machine, and adjust your bets accordingly.

To determine your win and loss limits, you should first take a look at your bankroll and decide how much money you’re willing to risk. Your loss limit should be a percentage of your bankroll that you’re comfortable losing, such as 10% or 20%. Your win limit should be a percentage of your bankroll that you’re happy to win, such as 25% or 50%.

Once you’ve determined your win and loss limits, you should stick to them and avoid changing them during your gaming session. This will help you stay within your bankroll and avoid chasing losses or getting carried away with your winnings. Remember, playing high roller slot machines should be a fun and enjoyable experience, and setting win and loss limits can help you keep it that way.

Divide bankroll into smaller sessionsDividing your bankroll into smaller sessions is another effective strategy for playing high roller slot machines. Here’s why:

Helps manage bankroll: By dividing your bankroll into smaller sessions, you can manage your money more effectively. You’ll be able to control how much money you’re risking during each session and avoid overspending.
Reduces risk of losing everything: Dividing your bankroll into smaller sessions also reduces the risk of losing everything in one go. If you have a bad session, you’ll still have money left over to play another day.
Allows for better control of bets: Smaller sessions also allow for better control of your bets. You’ll be able to adjust your bets based on the machine’s variance and volatility, and make informed decisions about when to increase or decrease your bets.

To divide your bankroll into smaller sessions, you should first decide how many sessions you want to play. For example, you may decide to play five sessions with your bankroll. You should then divide your bankroll by the number of sessions to determine how much money you can spend during each session. This will help you stay within your budget and avoid overspending.

For example, if your bankroll is $5,000 and you decide to play five sessions, you’ll have $1,000 to spend during each session. This will allow you to control your bets and manage your money more effectively. If you have a bad session and lose some of your money, you’ll still have money left over for the remaining sessions. Remember, playing high roller slot machines should be a fun and enjoyable experience, and dividing your bankroll into smaller sessions can help you keep it that way.

Choose the Right Machine

Look for machines with the highest payout percentagesLooking for high payout percentage machines is a smart strategy when playing high roller slot machines. Here’s why:

Increases chances of winning: Machines with higher payout percentages offer better chances of winning. The higher the percentage, the more likely you are to win, and the more money you’re likely to win.
Maximizes profits: Playing machines with higher payout percentages can also help you maximize your profits. If you’re playing high roller slots, you’re likely looking to win big, and machines with higher payout percentages can help you do just that.
Reduces the house edge: Playing machines with higher payout percentages can also reduce the house edge. The house edge is the advantage the casino has over the player, and the lower the edge, the more likely you are to win.

To find online slot machines with the highest payout percentages, you should do some research before you start playing. Look for machines that offer the highest payout percentages, and stick to those slot machines. You can find payout percentages listed in the machine’s paytable or by doing some online research.

You should also keep in mind that machines with higher payout percentages may require higher bets, so make sure to adjust your bets accordingly. While higher payout percentages may increase your chances of winning, they also come with higher risk, so make sure to stay within your bankroll and set win and loss limits. Remember, playing high roller slot machines should be a fun and enjoyable experience, and looking for machines with higher payout percentages can help you maximize your profits and increase your chances of winning.

Look for slot machines with the highest jackpotsLooking for machines with the highest jackpots is a popular strategy when playing high roller slot machines. Here’s why:

Increases potential winnings: Playing machines with higher jackpots can increase your potential winnings. If you’re playing high roller slots, you’re likely looking to win big, and machines with higher jackpots can offer the chance to do just that.
Adds excitement to gameplay: Playing machines with higher jackpots can also add excitement to your gameplay. The prospect of hitting a big jackpot can be thrilling, and can add an extra level of excitement to your experience.
Offers a sense of accomplishment: Winning a large jackpot can also offer a sense of accomplishment. If you’re looking for a challenge and a chance to test your luck, playing machines with higher jackpots can be a great way to do so.

To find machines with the highest jackpots, you should look for online slots with progressive jackpots. Progressive jackpots are jackpots that increase as more players play the slot machine. This means that the potential jackpot can be much higher than on non-progressive machines.

However, keep in mind that machines with higher jackpots often come with higher volatility and risk. Make sure to stay within your bankroll and set win and loss limits. You should also adjust your bets accordingly to match the machine’s variance and volatility. Remember, playing high roller slot machines should be a fun and enjoyable experience, and looking for machines with higher jackpots can add an extra level of excitement and potential for big winnings.

Look for slot machines with the right betting limitsLooking for machines with the right betting limits is an important strategy when playing high roller slot machines. Here’s why:

Matches your bankroll: Playing machines with the right betting limits can help match your bankroll. If you have a large bankroll, you may want to play machines with higher betting limits, while if you have a smaller bankroll, you may want to play machines with lower betting limits.
Manages risk: Playing machines with the right betting limits can also help manage risk. If you play machines with betting limits that are too high for your bankroll, you may quickly deplete your funds and not have the chance to win back your losses.
Maximizes gameplay: Playing machines with the right betting limits can also help maximize your gameplay. If you’re playing machines with lower betting limits, you may be able to play for longer periods of time and enjoy more spins and opportunities to win.

To find online slot machines with the right betting limits, you should first determine your bankroll and set a budget for your gameplay. You can then look for machines with betting limits that match your bankroll and budget. Make sure to choose machines that offer a range of betting options so you can adjust your bets accordingly based on your gameplay. Remember, playing high roller slot machines should be a fun and enjoyable experience, and looking for machines with the right betting limits can help you manage risk, maximize gameplay, and match your bankroll.

Take Advantage of Bonuses and Promotions

Look for casinos online with high roller bonusesLooking for best online casinos with high roller bonuses is an important strategy when playing online high roller slots for real money. Here’s why:

Boosts your bankroll: High roller bonuses can help boost your bankroll and give you more funds to play with. This can increase your chances of winning big and allow you to play for longer periods of time.
Offers better rewards: Casinos with high roller bonuses often offer better rewards and perks for players who deposit and play with larger sums of money. This can include higher cashback rates, faster withdrawal times, and access to exclusive promotions and events.
Shows appreciation: High roller bonuses also show appreciation for players who are willing to risk larger amounts of money. By offering high roller bonuses, casinos can attract and retain these valuable players, which benefits both the player and the casino.

To find online casinos with high roller bonuses, you can do some research online or ask for recommendations from other players. Look for best USA casinos that offer generous bonuses for large deposits and have a good reputation for fair play and customer support. Remember, it’s important to always read the terms and conditions of any bonus offers carefully, as they may come with certain restrictions or requirements. Make sure you understand the wagering requirements and other terms before accepting any bonus offer.

Take advantage of free spins and other promotionsTaking advantage of free spins and other promotions is an important strategy when playing high roller slot machines. Here’s why:

Increases your chances of winning: Free spins and other promotions can give you more opportunities to win without having to risk your own money. This can increase your chances of hitting a big payout and help you extend your gameplay.
Maximizes your bankroll: By taking advantage of promotions, you can stretch your bankroll and get more value for your money. For example, if a casino offers a deposit match bonus, you can double your bankroll and play for longer periods of time.
Offers exclusive rewards: Many casinos offer exclusive promotions for high roller players, such as VIP programs or special bonuses. By taking advantage of these promotions, you can earn even more rewards and benefits.

To take advantage of free spins and other promotions, you should keep an eye out for offers from the casinos you play at. This can include deposit match bonuses, free spins, cashback offers, and other promotions. Many US casinos online also offer regular promotions and special offers to their email subscribers, so make sure you’re signed up for their mailing list. Remember, it’s important to read the terms and conditions of any promotions carefully, as they may come with certain restrictions or requirements. Make sure you understand the wagering requirements and other terms before accepting any promotion offer.

Join high roller clubs for additional benefitsJoining high roller clubs is an important strategy when playing high roller slot machines. Here’s why:

Exclusive rewards: High roller clubs often offer exclusive rewards and benefits to their members, such as access to VIP events, personalized bonuses, and higher cashback rates. These rewards can help you get more value for your money and increase your chances of winning.
Better customer service: High roller clubs often provide their members with dedicated customer service and support. This can help you resolve any issues or concerns more quickly and efficiently.
Recognition and prestige: By joining a high roller club, you can enjoy a greater level of recognition and prestige among your fellow players. This can enhance your overall gaming experience and give you a sense of belonging to a community of like-minded players.

To join a high roller VIP club, you should look for casinos that offer VIP programs or loyalty schemes for their high roller players. These programs typically require you to meet certain criteria, such as making a minimum deposit or reaching a certain level of play. Once you become a member, you can start enjoying the exclusive benefits and rewards that come with being part of the club. Remember, it’s important to read the terms and conditions of any VIP program carefully, as they may come with certain restrictions or requirements. Make sure you understand the eligibility criteria and other terms before applying for membership.

Use Betting Strategies

Consider using progressive betting strategiesUsing progressive betting strategies can be a useful approach when playing high roller slot machines. Here’s why:

Maximizes winnings: Progressive betting strategies can help you maximize your winnings by increasing your bet size when you’re on a winning streak. This can help you take advantage of hot streaks and make the most of your gameplay.
Limits losses: Progressive betting strategies can also help you limit your losses by decreasing your bet size when you’re on a losing streak. This can help you avoid losing too much money and help you conserve your bankroll.
Provides structure and discipline: Progressive betting strategies provide a structured approach to your gameplay and can help you stay disciplined and focused. This can help you avoid impulsive decisions and stick to your strategy, leading to more consistent and successful gameplay.

Some popular progressive betting strategies include the Martingale system, the Fibonacci system, and the Paroli system. Each strategy has its own unique approach and can be tailored to fit your individual playing style and bankroll. It’s important to note that while progressive betting strategies can be effective, they are not foolproof and do not guarantee a win. You should always practice responsible gambling and only use progressive betting strategies within your predetermined bankroll and win-loss limits.

Increase or decrease bets based on winning streaks or lossesIncreasing or decreasing bets based on winning streaks or losses is a form of progressive betting strategy that can be used when playing high roller slot machines. Here’s how it works:

If you’re on a winning streak, you can gradually increase your bet size to take advantage of the momentum and maximize your winnings. For example, you could start with a small bet and gradually increase it after each win, with the goal of reaching a predetermined target or until you start losing.

Conversely, if you’re on a losing streak, you can gradually decrease your bet size to limit your losses and conserve your bankroll. For example, you could start with a larger bet and gradually decrease it after each loss, with the goal of minimizing your losses and staying within your predetermined bankroll.

It’s important to note that increasing or decreasing bets based on winning streaks or losses should be done within the context of a larger progressive betting strategy and should always be practiced responsibly. You should always stick to your predetermined win-loss limits and bankroll, and avoid chasing losses or getting carried away by a winning streak. Ultimately, whether or not to increase or decrease bets based on winning streaks or losses will depend on your individual playing style and bankroll. It’s important to experiment with different strategies and find what works best for you.

Consider using “loss-cutting” strategies“Loss-cutting” strategies are a type of betting strategy that can be used when playing high roller slot machines. These strategies aim to limit losses by setting a predetermined threshold at which you will cut your losses and move on to another machine or session. Here are some examples of loss-cutting strategies:

Stop-loss limit: Set a predetermined amount of money that you’re willing to lose before you walk away from the machine. This can help you avoid chasing losses and prevent you from losing more than you can afford.
Time-based limit: Set a predetermined amount of time that you’re willing to spend on a machine or in a session. When the time limit is up, walk away from the machine and take a break. This can help you avoid getting caught up in the moment and making impulsive decisions.
Win-loss ratio limit: Set a predetermined ratio of wins to losses that you’re willing to accept. For example, you could aim for a 2:1 win-loss ratio, meaning that you’ll walk away from the machine after two wins for every loss. This can help you maintain a positive balance and avoid losing too much money.

It’s important to note that loss-cutting strategies should always be used in conjunction with a larger progressive betting strategy and should be practiced responsibly. You should always stick to your predetermined win-loss limits and bankroll, and avoid chasing losses or getting carried away by a winning streak.

Know When to Stop

Don’t chase losses“Don’t chase losses” is an important principle to keep in mind when playing high roller slot machines. Chasing losses refers to the tendency to continue playing in an attempt to recover losses after a losing streak, which can lead to reckless and irrational decision making. Here are some tips to avoid chasing losses:

Set a loss limit: Before you start playing, decide on a maximum amount of money that you’re willing to lose. Stick to this limit and walk away from the machine if you reach it.
Stick to your bankroll: Only play with money that you can afford to lose. Don’t dip into savings or other funds to continue playing after a loss.
Take breaks: If you experience a losing streak, take a break from playing to clear your mind and regain your composure. It’s important to avoid making impulsive decisions in the heat of the moment.
Maintain a long-term perspective: Remember that slot machines are games of chance and that losses are an inevitable part of the game. Focus on maximizing your long-term winnings rather than trying to recover short-term losses.

By following these tips, you can avoid chasing losses and make more rational and informed decisions when playing high roller slot machines.

Don’t get too greedy“Don’t get too greedy” is an important principle to keep in mind when playing high roller slot machines. Greed refers to the desire to win more and more money, often at the expense of rational decision making. Here are some tips to avoid getting too greedy:

Set realistic goals: Before you start playing, decide on a realistic goal for how much money you want to win. Stick to this goal and don’t try to push for more money once you’ve reached it.
Know when to quit: Don’t keep playing just because you’re on a winning streak. Set a win limit and walk away from the machine when you’ve reached it.
Avoid risky bets: Don’t make large bets just because you’re feeling lucky. Stick to your predetermined betting strategy and bankroll.
Take breaks: If you start to feel the urge to keep playing just to win more money, take a break from the machine to regain your perspective.

By following these tips, you can avoid getting too greedy and making irrational decisions when playing high roller slot machines. Remember that these machines are games of chance, and that a level-headed and rational approach is key to maximizing your winnings.

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Take breaks and know when to walk awayTaking breaks and knowing when to walk away are important principles to keep in mind when playing high roller slot machines. Taking breaks allows you to clear your mind and regain your composure, while knowing when to walk away can prevent you from making impulsive decisions in the heat of the moment. Here are some tips to help you take breaks and know when to walk away:

Set a time limit: Before you start playing, decide on a maximum amount of time that you’re willing to spend at the machine. Stick to this limit and walk away from the machine when your time is up.
Take breaks between sessions: If you’re planning on playing for an extended period of time, take short breaks between sessions to stretch your legs and clear your mind.
Know when to quit: If you’re experiencing a losing streak or you’re feeling frustrated, know when to quit and come back to the machine another day.
Avoid chasing losses: If you’ve reached your loss limit or you’re consistently losing, take a break from the machine to avoid making impulsive decisions in an attempt to recover your losses.

By following these tips, you can take breaks and know when to walk away from high roller slot machines. Remember that these machines are games of chance and that rational decision making is key to maximizing your winnings.

Conclusion

High roller slot play can be a thrilling and potentially lucrative experience, but it’s important to approach it with a level head and a solid understanding of the game mechanics and strategies. Keep in mind that high roller slots are games of chance and there’s always a risk of losing money. To maximize your winnings and minimize your losses, it’s important to set limits on your bankroll and time spent playing, as well as to use strategies such as betting progression and loss-cutting. Additionally, take advantage of promotions and join high roller clubs to gain additional benefits. Remember to always gamble responsibly and within your means, and don’t let the thrill of the game cloud your judgment. With these principles in mind, you can enjoy the excitement of online high roller slot play while maximizing your chances of coming out ahead.

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