#Binance CEO says #BNB token shouldn’t be considered as security!
#cryptoete
Video: CNBC
Views of Michael Slayer on the #FTX crash!
He claims #SBF destroyed the company's liquidity on his own. And claims that SBF's poor decisions are a big factor in FTX's #bankruptcy!
#cryptoete
It’s all about perspective!
#Crypto crash hurts badly, yet according to statistics, #BTC prices are sharply rising. Despite the turbulent crashes, the crypto sector is booming!
The only thing that #investors need to understand is how to endure the fall by exercising patience.
#cryptoete
Proof-of-stake has reduced ethereum’s energy consumption by more than 99%.
After years of anticipation, the #cryptocurrency #ethereum finally implemented a major network upgrade that completely changes how the blockchain verifies transactions, mints new coins and secures its network. Called #proof-of-stake, this system has reduced ethereum's energy consumption by more than 99%.
Energy usage has been one of the cryptocurrency industry's biggest targets for critique. But it's not likely that #bitcoin will follow suit.
Instead, the bitcoin network is sticking with a system called proof-of-work, in which highly specialized computers try to guess a winning number that serves to validate transactions and create new coins. This is what's known as mining.
At the moment, guessing a winning number takes more than 100 sextillion tries. All of this work helps to secure the network by making it nearly impossible for bad actors to accrue enough computing power to take control. But recent research also shows that in 2020, mining bitcoin consumed 75.4 terawatt hours of electricity, more than all of Austria or Portugal.
This is the system formerly used by ethereum. But now the network has swapped out miners for validators. Instead of playing a massive computational guessing game, validators are assigned to verify new transactions, and earn ether as a reward for doing so.
To ensure that these validators act honestly, they essentially have to make a security deposit by staking a certain amount of ether coins into the network. If a validator tries to attack the network, they'll lose their stake. Ethereum proponents say this penalty will make the network more secure, while bitcoin enthusiasts see proof-of-work as the more secure, tried and true approach.
However, the optics of bitcoin's energy use in the midst of the global climate crisis has become a problem for the network. In response, some major bitcoin miners are starting to seek out renewable energy to power their data centers and trying to change the narrative by touting bitcoin's energy use as an
CRYPTO is about to EXPLODE! (HERE is WHY)
BITCOIN & CRYPTO - WHY WE NEED IT! + Elon Musk, Twitter, Dogecoin, Algorand, Bitcoin & Ethereum.
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**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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Chamath Palihapitiya WARNS Crypto Investors ?Market Just Flipped? _ Fed Meeting November Prediction
Will cryptocurrency crash again? When is the fed meeting this week? Let's discuss the latest crypto news for bitcoin, ethereum, altcoins,
#Cryptoete
Chart of the day brought to you by Cryptoete
#Bitcoin continues to build bullish momentum as risky assets climb on the hope that the Federal Reserve and other major central banks will pivot away from their money-tightening policies.
#Cryptoete Report
David Sneider is building on blockchain and decentralized storage systems
Lit Protocol Co-Founder and CEO David Sneider is building on #blockchain and #decentralized storage systems to provide secure ways of “managing who can read what private and permissioned data ... stored on the open web.”
#Cryptoete
Jamie Dimon: 'Decentralized Ponzi schemes'
"#Bitcoin doesn't need Jamie Dimon, Jamie Dimon will need Bitcoin because his customers will demand it." On Fox News 👏
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#BTC #JpMorganChase #BTC #Investing #Markets #DigitalAssets #FoxNews #SoundMoney #ProofofWork #Decentralized #FinancialNews #Cryptoete
When price falls below support. 📉 $BTC $ETH $XRP