Learn how you can complete the tasks required for the Catizen game with this tutorial.

 task and you will be redirected to the game in Telegram. 

. Once you have done this, you will have completed this task!

Beginner

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Catizen Telegram GameFi On-Chain Task Tutorial

LightLink is a Layer 2 blockchain network with functionality for individuals, decentralized applications and enterprises. Learn more here.

 has evolved and its digital innovations grown more prevalent across various aspects of business and society, various challenges have arisen. Although blockchain tech offers decentralization, transparency and 

 security, issues such as difficult user experiences, expensive transaction fees and problematic scalability persist. Now, LightLink

 is addressing these issues through its innovative architecture and features.

 blockchain network with functionality for individuals, 

 (DApps) and enterprises. It addresses common blockchain technology issues and provides gas-free transactions.

’s advanced data availability solutions in its architecture and features. It provides a streamlined, superior user experience, lower transaction fees and enhanced scalability as compared to on-chain Ethereum transactions. At the same time, it utilizes 

 (DeFi) and security attributes from Ethereum 

. While LightLink uses existing Ethereum tools, it provides a viable alternative to the 

 (EVM). By empowering users and developers to have a better experience, it moves blockchain tech into the future.

LightLink launched in 2017 to leverage existing Ethereum tools while processing transactions off-chain. Its co-founder and CEO, Roy Hui, partnered with Pellar Technology for development. Lightlink enables instant and gasless transactions with security and speed, and has rapidly been adopted by enterprise and personal users and for DApps. In fact, there are now more than 215,000 LightLink wallets, and it ranks in the top 10 

The LL native token was launched in April 2024. LightLink is backed by Animoca Brands, MQDC, T&B Media Global, B3V and others. Its core advisors are Ryan Horn, Mehdi Farooq and Nathan Lenga.

LightLink aims to address issues that have plagued early blockchain tech adopters, including expensive gas fees and the uncertainty of transaction fees until the completion of a transaction. It also strives to improve the speed of transaction throughput, as compared to other blockchain networks, and aims to create an interconnected DeFi economy by bridging DApps.

LightLink, an alternative to the EVM, processes transactions off-chain and then compresses multiple transactions using a sequencer mode. Its transaction throughput is greater than that of Ethereum because it utilizes rollup tech to provide gasless transactions and faster processing speeds. Enterprise users and individual users benefit from LightLink’s compatibility with Celestia’s solutions, which enables instant processing of multiple transactions without gas fees.

LightLink offers an alternative to on-chain Ethereum transactions. Its many features combine to deliver a superior experience, enabling users to benefit from full access to DeFi benefits with a focus on speed, security and affordability.

Enterprise Mode is among LightLink’s key features. It supports gas-free transactions via a 

 wallet via a direct process, allowing developers to establish a contract address whitelist by paying a monthly subscription fee. 

The developer’s subscription fee subsidizes users’ fees for DApps. As a result, LightLink's 

 empowers users to use the whitelisted apps without being charged gas fees. Additional benefits of LightLink's Enterprise Mode are a fixed fee, multiple transactions processed without fees and access to LightLink’s enterprise partners.

LightLink’s bridge enables users to convert their crypto assets easily and efficiently. Users specify the token type and amount they want to bridge. The bridge functions with both Ethereum and BNB Smart Chain. After the user connects their wallet and finalizes their transaction, the order is executed, and the user can see the estimated time to transfer before order execution.

 from which to choose. Zonic NFT Explorer allows users to view their utility tokens in an NFT format. LiteFlow NFT Explorer supports marketplace trading for all NFTs. The Blockscout Explorer provides users and developers with detailed stats on smart contracts, gas fees, blocks, 

Bolt is a LightLink plugin that supports the development of decentralized gaming apps. It uses Enterprise Mode to support high volume and gasless transactions. In addition, the plugin uses smart contacts to support token minting that connects with the game’s results.

 fosters continued advancements in blockchain technology through grants, collaborations and partnerships. It identifies projects that advance DApps and other aspects of blockchain technology.

LightLink reached several milestones from the time of its launch in 2017 through 2022: the development of its digital wallet and supporting technology, the completion of token contract and blockchain audits, and the establishment of partnerships in the APAC region and with investment banks. During the first half of 2023, both the Testnet and private Testnet went live, and the Translucia metaverse and the Testnet bridge launched. 

In addition, the network completed the migrations of Tridentity and 

. Later in 2023, the platform made headway on its 

 and the integration of Celestia and Pyth. Through the end of 2024, attention will be focused on DA exploration, sequencer decentralization and 

LL, the LightLink native token, was launched on Apr 24, 2024, it plays a role in governance and yields rewards for holders and stakers. Total token supply is 1 billion, with allocation as follows: 

As of May 8, 2024, the LL token’s price is $0.08511, which reflects a decrease of 8.2% over the past 24 hours. Market cap is $6.9 million, and 24-hour trading volume is $7.8 million.

 $0.1083 by the end of 2024 and surge to $0.999 by 2030. This positive sentiment is 

 from DigitalCoinPrice, which believes that LL’s price will reach $0.19 by the end of 2024 and increase to $0.65 by 2030. 

Looking to trade LightLink tokens? Bybit now offers the LL/USDT Spot trading pair. To get started, you’ll need to first create a Bybit account, fund it with cryptocurrency and navigate to the 

All crypto investments have associated risk due to the volatile crypto market. LL is expected to increase in the future, and may therefore be considered as a 

. The platform provides seamless integration with existing Ethereum tools, along with off-chain transaction processing for a better user experience. With this in mind, the project may continue to grow in usage. Always 

 before making any cryptocurrency investment.

LightLink offers seamless integration with Ethereum and other networks to offer optimized utility for users. With functions such as its Enterprise Mode, scalable architecture and the ability to leverage existing Ethereum tools, LightLink empowers users to complete multiple transactions quickly and without gas fees. Add in its DEX applications and overall functionality, and LightLink empowers users with a better blockchain experience.

Intermediate

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LightLink (LL): Empowering Blockchains With Gas-Free Solutions

Injective is collaborating with Arbitrum to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure.

The SPX index is down 0.03%, influenced by losses in major tech companies. Market focus stayed on corporate earnings and the Federal Reserve's policy direction, amid varied statements from Fed officials. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 1.39% and 3.17%, respectively in the past 24 hours.

Today’s outperformer is RUNE, which jumped 8.0% after THORChain rolls out THORNode v132 with Enhancements for Loan Execution and Lower Gas Fees.

THORChain (RUNE), founded in 2018, is a decentralized protocol allowing asset swaps across different blockchains, enhancing the DeFi space with its cross-chain liquidity feature. Unlike traditional AMMs limited to single blockchains, THORChain facilitates trades between incompatible networks using the Cosmos SDK. THORChain announced the release of 

, which includes significant improvements to the mainnet. Key updates include: the TOR depth fix restoring functionality to 95%, ensuring optimal loan openings and closings; a reduction in dynamic outbound fee multipliers resulting in much lower gas quotes, particularly a 6.14x decrease for BTC and a 2x decrease for ETH swaps; ejection of remaining BNB balances in preparation for the final stage of the Ragnarok process; and successful processing of remaining AVAX/BSC observations with a recent incident mitigated. Further quality of life enhancements are expected in the upcoming version.

Check Out the Latest Prices, Charts, and Data of 

 to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure. This partnership allows inEVM to provide seamless, efficient, and cost-effective transactions, along with access to a broader set of development tools that were previously exclusive to Ethereum L2 solutions. inEVM is now able to use INJ as its native gas token, a novel approach for L2 rollups, and offers familiar development tools like Hardhat and Foundry, all while maintaining fast speeds and low fees. The integration also supports cross-chain compatibility with Ethereum, Injective, and other major blockchains like Cosmos and Solana, enhancing asset and liquidity transfers across these networks. Additionally, inEVM transactions are included in Injective's Burn Auction, which burns a portion of all protocol fees weekly, adding value to the Injective ecosystem. This collaboration marks a significant step toward a more interconnected and democratized blockchain landscape.

Bitcoin (BTC) dropped 1.31% amid negative influences from hawkish Federal Reserve comments and SEC activities, continuing a downward market trend. Ethereum also fell, further impacted by Grayscale withdrawing an Ethereum Futures ETF application. The broader crypto ETF market mostly recorded net outflows, highlighting investor sensitivity to Fed policies and SEC actions.

The new airdrop strategy focuses on optimizing benefits from participating in multiple cryptocurrency projects simultaneously. By depositing ETH at Etherfi and adding liquidity to the weETH-ETH pair on Nile Exchange, participants can earn various rewards including Etherfi Loyalty Points, Linea Surge LXP-L, EigenLayer Points, and potential Nile Airdrop Rewards. The step-by-step guide involves staking ETH on Etherfi to receive weETH tokens, and then using these tokens alongside ETH to add liquidity on Nile Exchange. Additionally, participants are encouraged to activate their Linea Surge Account to qualify for an upcoming snapshot and maximize their benefits, with options suggested for both limited and ample funding scenarios to ensure eligibility for various benefits. 

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Injective Partners with Arbitrum to Enhance inEVM, Boosting Cross-Chain Interoperability and Efficiency

Catwifhat (CWIF) shares the spotlight with Dogwifhat (WIF) on Solana, boasting a unique deflationary feature and a growing holder base in the cat-themed meme coin frenzy.

Cat-themed meme coins have recently been all the rage on 

 (MEW) and Popcat (POPCAT) clearly shows that the crypto community is highly receptive to meme coins whose story revolves around cute felines. 

In December 2023, another meme coin project riding the current "catomania" wave emerged on Solana. Catwifhat (CWIF), however, is unlike the majority of other cat-themed meme coins: it has a unique deflationary property that might pique the interest of the most conservative among crypto investors, in addition to the hordes of meme coin enthusiasts. Four percent of each transaction involving the CWIF token is burned, gradually reducing its total supply while increasing its scarcity, and, hopefully, its value as well.

 (CWIF) is a Solana-based cat-themed meme coin. 

It's one of the several projects contributing to the current wave of popularity surrounding cat-themed cryptos on Solana and other blockchains. Featuring a unique deflationary property, Catwifhat 

 4% of each transaction, significantly reducing its overall supply and marking it as among the most aggressive deflationary characteristics in the industry.

The CWIF token was launched in December 2023, with an initial supply of 77.78 trillion. Less than five months on, the token's aggressive supply-reducing mechanism has driven its total supply to about 36.5 trillion (as of May 7, 2024), with more than half (53%) of the initial supply burned. Currently, nearly half a trillion CWIF tokens are being burned every month.

In addition to the main CWIF cryptocurrency, the Catwifhat developer team has also released the Pixel Catwifhat 

 collection, whose pixelated cats comprise 1,000 items and feature 13 different cat hats as one of its key features. Enjoying significant popularity among NFT enthusiasts, the collection has some of its most valuable items, featuring asking prices of up to $100,000. Currently, Cat #189 is the Pixel Catwifhat NFT with the highest asking price, at 1,035 SOL ($150,417) on the popular Solana marketplace 

The Catwifhat project was undoubtedly inspired by an earlier meme coin, Dogwifhat (

), which was launched in November 2023. Themed around a Shiba Inu dog wearing a hat, Dogwifhat quickly became a meme coin sensation. By early 2024, the WIF token rose to the third position in market cap rankings among meme coins, behind the well-recognized leading duo — Dogecoin (

). As of May 7, 2024, WIF has amassed a market cap of $3.4 billion.

Compared to WIF, CWIF's market cap of $18.66 million looks exceedingly modest. However, it’s seen an impressive growth spurt within just one day.

Additionally, CWIF's exhaustive supply (measured in tens of trillions), active airdrop campaigns and extensive reach among meme coin enthusiasts ensure that the token is ahead of WIF by a mile when it comes to the sheer number of holders. According to some estimates, the unique number of WIF users was around 69,000 in mid-April 2024. On the other hand, the CWIF project claims to have a holder base of over 1.2 million.

The popularity of the cat with a hat meme has led to the launch of several (to be precise, four at the moment) tokens all sharing the same name, catwifhat, but using different capitalization styles and tickers — CatWifHat (CATWIF), CatwifHat (CIF), and catwifhat (CATHAT).

At least two of these, CATWIF and CATHAT, are recent entrants to the market and are likely attempts to piggyback off CWIF's popularity. The CIF token, despite being launched around the same time as CWIF, is also hardly a competitor to the latter; it has been embroiled in at least 

 events, and is far less popular than CWIF among meme coin enthusiasts.

A cursory look at the four tokens' typical trading volumes also speaks volumes, no pun intended, about their relative popularity. As measured on May 7, 2024, the 24-hour trading volume for CWIF stood at around $4.79 million, while CATWIF, CIF and CATHAT registered volumes of under half a million, around $15,000 and under $150, respectively.

The CWIF token is still not widely available on major 

 (JUP) and FluxBeam (FLUXB) — offer CWIF swap pairs. Currently, you can buy CWIF with Solana's native SOL token on FluxBeam, while Jupiter offers two cryptos for buying CWIF — SOL and 

The popularity of cat-themed meme coins is skyrocketing, and the CWIF token is at the forefront of this surge. While the token still features a relatively modest market cap, at least in comparison to the likes of Dogwifhat, Dogecoin and Shiba Inu, it has already amassed a highly impressive 1.2 million user base. Many of these have been attracted by the image of a cute cat sporting an adorable hat. Also, it wouldn't be a stretch to say that the token's unique 

 mechanism has lured a good chunk of this user base.

As CWIF transactions heat up, that 4% burn rate ensures that the token's supply decreases quickly, and with the decrease in supply comes the value of scarcity. Those who hold onto CWIF for a longer while might find themselves in possession of a truly scarce and valuable asset in the future — that is, of course, if the crypto community's obsession with cats stays strong.

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Catwifhat (CWIF): Sharing the Throne With Dogwifhat (WIF) on Solana

Bybit Learn

Web3 Experts

In this second episode of Learn Web3 With an Expert, we’re privileged to feature Lucas from Cobo, Bobby W. from UniPass Wallet and Jag Foo from Safeheron.

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The advent of digital currencies has brought about a significant shift in financial paradigms, with cryptocurrency wallets at the forefront of this transformation. More than just tools for storing digital assets, they’ve become integral components in the broader 

’s early days to the current era of decentralized finance (

), the development of crypto wallets has been nothing short of revolutionary.

This article delves into the intricate world of 

, tracing their evolution from basic storage units to sophisticated platforms that cater to a diverse range of user needs. We’ll explore the various stages of wallet development, classify different types of wallets and shed light on the future prospects of this essential crypto tool. Additionally, we’ll guide you through the key factors to consider when choosing a wallet, ensuring that you find the perfect match for your crypto journey whether you're a beginning, intermediate or advanced enthusiast.

 on Bybit Learn, we aim to demystify these complex topics and provide insightful perspectives from industry leaders. Join us in this second installment as we invite three experts — Lucas from 

 — to unravel the complexities of cryptocurrency wallets, providing you with the knowledge and insights needed to navigate this crucial aspect of the ever-evolving digital asset world.

Cryptocurrency wallets have mirrored the evolution of blockchain technology, transitioning through three distinct stages since the inception of Bitcoin 14 years ago. Initially, these wallets were simple tools for storing and transferring Bitcoin (the 1.0 Era, 2009–2013). As the blockchain landscape expanded with the introduction of 

, wallets evolved into more complex platforms capable of interacting with decentralized applications (

) and the burgeoning DeFi ecosystem (the 2.0 Era, 2014–2020). During this period, transaction activities surged, DeFi 

 became popular and the number of cryptocurrency wallet users exceeded 50 million. 

The current phase (the 3.0 Era, 2021–present) represents a significant leap forward. Today's wallets are multichain, multi-asset management platforms, emphasizing user experience and interactive features. This era is marked by the explosion of NFTs and 

 applications, making cryptocurrency wallets indispensable for storing and trading digital assets.

Cryptocurrency wallets can be classified based on internet connectivity and control over accounts. 

, with cold wallets including hardware and 

 and hot wallets encompassing software (or externally owned account), contract account (or smart contract), multi-party computation (MPC) and the increasingly popular account abstraction (AA) wallets. 

The second method categorizes wallets into 

, based on the level of users’ control over their accounts.

Users generally consider three aspects when evaluating wallets: convenience, ease of use and security. This user-centric approach has led to the development of various wallet subcategories, including mobile, blockchain ecosystem, exchange, asset custody, hardware, multichain, web3 and identity wallets.

Hot wallets are connected to the internet, making them convenient for quick transactions. Following are the various types of hot wallets available.

Cold wallets are offline storage options, providing an added layer of security against online threats. There are two main types of cold wallets:

Wallet Subcategories: Catering to Diverse Needs

Cryptocurrency wallets are poised to become a central hub in web3, potentially surpassing traditional trading platforms in importance. Their future value can be realized in several ways.

 on decentralized societies and the search for the soul of web3, highlights the current limitations of web3 at the application layer. These limitations stem from the lack of native components representing human identity and social relationships in web3. Wallets, therefore, emerge as perfect web3 components. They could integrate various personal details, such as identity, driver's licenses, medical records and addresses into a unique DID system through the use of smart contracts. Wallets may eventually offer functionalities such as off-chain identity verification, on-chain identity aggregation, and on-chain credit scoring and behavior authentication.

Currently, the web3 stack is structured into four layers: Protocol, infrastructure, use case and access layers. Due to structural issues and their complexity, there's a lack of integration across these layers. Wallets are positioned at the top of this stack and act as entry points to various web3 activities, making the web3 stack a reality. 

For example, wallets could replace existing login systems, eliminating the need for Facebook or Google credentials to create new accounts on all websites. Instead, wallets could be used to authorize logins, becoming the primary entry point for most web3 applications.

The development of web3 applications is built on smart contract platforms, such as Ethereum, 

, a wallet is developed to adapt to its respective on-chain ecosystem, aiming both to thrive in the ecosystem and compete for traffic. However, the multichain competitive landscape has fragmented the liquidity and composability of DeFi products, with digital assets unable to flow freely across all public chains. As connectors, wallets could bridge these public chains.

Wallets are envisioned to evolve into small chips, seamlessly blending the virtual world with the real world. These chips, akin to contact lenses, could enable a bare-eye augmented reality (AR) experience, complemented by a control terminal similar to a smartphone. Individual information — including age, profession, relationship status, social connections and digital assets — could be displayed directly on faces through AR. 

, everyone's information would be transparent and interactive, allowing users to log in for any metaverse experience, purchase anything sold in the metaverse and fully utilize the 

However, the future development of wallets also faces challenges:

Now that you’re more familiar with the different types of crypto wallets available, let’s explore how to choose one.

When selecting a cryptocurrency wallet, users typically weigh several important factors to ensure their digital assets are managed effectively and securely. Understanding these factors is crucial for both new and experienced users in the crypto space.

At the heart of a cryptocurrency wallet's value is its security. Users should prioritize wallets that employ state-of-the-art encryption methods and secure communication protocols. This ensures that sensitive information, such as private keys and transaction details, remains protected from unauthorized access. 

Another crucial aspect is the management of private keys. The most secure wallets are those whose private keys are stored locally on the user's device, as opposed to being held on a remote server that could be vulnerable to hacks. Additionally, wallets that regularly update their software and undergo independent security audits demonstrate a commitment to maintaining high security standards, offering peace of mind to their users.

A cryptocurrency wallet’s usability is just as important as its security features. An intuitive and user-friendly interface is essential, particularly for those new to the crypto space. The wallet should offer clear navigation, making it easy to perform transactions, check balances and access additional features without confusion. For more experienced users, the interface should also provide efficient access to advanced functionalities such as DeFi platforms, NFT marketplaces and detailed transaction histories. Performance and speed are also key; a wallet that operates smoothly and processes transactions quickly enhances overall user experience.

Diversity in asset support is another significant factor. A wallet that supports a wide range of cryptocurrencies and tokens allows users to manage all their digital assets in one place. This is particularly important for users who invest in a variety of coins, or those interested in exploring new 

s and tokens. The ability to easily add and manage these assets within the wallet is a feature that many users find invaluable.

The cost associated with using a wallet, particularly in terms of transaction fees, is a practical consideration. Wallets vary in their fee structures, so users should choose a wallet that aligns with their transaction habits and frequency. Some wallets offer lower fees for higher volumes of transactions, which can be beneficial for active traders. Transparency in the fee structure, without hidden charges, is a critical aspect to look for.

The ability to back up and recover your wallet is a safety net that cannot be overlooked. Ensure that the wallet offers reliable backup options, such as seed phrases, and a straightforward process for restoring the wallet on a new device in case the original one is lost or damaged. This feature is crucial for safeguarding your assets against unforeseen circumstances.

For intermediate and advanced users, additional features such as direct access to DeFi platforms, DApps and integration with other blockchain services add significant value to a wallet. These features enable users to engage more deeply with the broader crypto ecosystem directly from their wallet interface.

Lastly, the strength and activity of the wallet's development team and the community support it garners are indicators of its reliability and future potential. A wallet backed by a strong, positive community and an active development team who regularly release updates is likely to be more trustworthy and forward-looking.

For those new to the cryptocurrency world, the journey can often seem daunting. Beginners typically include individuals who have little to no experience in trading or managing digital assets. They’re often eager to participate, especially during periods of market optimism like a bull run, but may feel overwhelmed by the plethora of options and technical jargon. This group is looking for a straightforward and uncomplicated entry point into the crypto space.

Ideal Wallet Features for Beginning Users

Beginning users should look for the following:

These wallet types are perfect for beginning users because of their simplicity and ease of use, providing a gentle introduction to cryptocurrency management.

Examples of Wallets Suitable for Beginning Users

By selecting a wallet that aligns with these characteristics, beginning users can embark on their crypto journey with greater confidence and ease, gradually building their understanding of and comfort with digital asset management.

Intermediate users in the cryptocurrency world are those who have surpassed the beginner stage and are looking to broaden their engagement with digital assets. They have a basic understanding of how cryptocurrencies and wallets work and are ready to explore more features, such as participating in DeFi, 

Ideal Wallet Features for Intermediate Users

As users become more comfortable with basic transactions and start exploring the broader aspects of cryptocurrencies, they may want to consider the following choices:

Intermediate users will find these wallets beneficial, since they offer more features and support for a wider range of crypto activities, including participation in DeFi and NFT platforms.

Examples of Wallets Suitable for Intermediate Users

Advanced users are the veterans of the cryptocurrency world. They have extensive knowledge of various cryptocurrencies, are active traders and often participate in various aspects of blockchain technology, including DeFi, 

Advanced users, who are well-versed in the intricacies of the crypto world and require a wallet that matches their expertise, should look for the following choices:

For advanced users, these wallet types are suitable due to their heightened security features and the ability to manage a complex and diverse range of crypto activities.

Examples of Wallets Suitable for Advanced Users

Types of Crypto Wallets: A User-Focused Comparison Guide

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