-
What Does The Latest Ethereum Update (London Hard Fork) Mean?
After receiving an update in August commonly known as the “London Hard Fork”, Ethereum is expected to undergo major changes in how it works. The London Hard Fork update joins a list of major updates done previously on the network. How Ethereum operates The update focuses on the Ethereum operations and mining processes. Traditionally, the Creation of Ethereum is done through mining. Mining involves running of set computer algorithms until a certain threshold is met. On achieving this, a reward is given in form of Ethereum coins. This is not unique to Ethereum as other cryptocurrencies such as bitcoin have the same creation process. Why Investing in Ethereum Will Make…
-
Cryptocurrencies: Things You Need to Know Before Investing in Them
Cryptocurrencies have become some of the most lucrative investment assets in this century. Since their launching over a decade ago, they have risen to hit a market valuation exceeding $2 trillion. Some analysts compare them to the era of the gold rush. They represent the biggest wealth transfer in modern times. This success has made millions of individuals invest in them. However, most investors don’t consider the risks involved. Just like all the traditional assets, investments in cryptocurrency do not guarantee returns. It is normal for a huge number of investors to lose their investments. The nature of cryptocurrencies makes them high risk high rewarding. Before investing in cryptocurrencies, below…
-
China: The Most Important Player In The Cryptocurrency Industry
Most analysts believe the recent cryptocurrency crash was caused by actions and decisions made in China. These decisions include the banning of mining and transacting in cryptocurrencies. During the crash, crypto markets lost about $ 1 trillion valuations. Key cryptocurrencies like Bitcoin lost half their value in a few days. This reaction indicates the potential power china holds over the cryptocurrency industry. China has always been a critical player in this market. It is just that most people are realizing now after the recent decisions. An example is Bitcoin mining. Last year, 70% of all bitcoin mining globally was done in China. This just shows the level of control China…