Virtual currency Bitcoin maintains network health after half-life Hash rate does not change

Virtual currency Bitcoin maintains network health after half-life Hash rate does not change

Blockchain
June 19, 2020 Editor's Desk
273
It became clear that the soundness of the Bitcoin network has been maintained since the half-life of virtual currency (cryptographic assets) Bitcoin yesterday. According to Grassnode, a blockchain data analysis company, there is no significant change in the bitcoin hash rate after the half-life, and the health of the bitcoin network remains at record highs.
Hash function

It became clear that the soundness of the Bitcoin network has been maintained since the half-life of virtual currency (cryptographic assets) Bitcoin yesterday. According to Grassnode, a blockchain data analysis company, there is no significant change in the bitcoin hash rate after the half-life, and the health of the bitcoin network remains at record highs.

At half-life, the rewards for miners who contribute to block creation are halved. There were also concerns that the soundness of the Bitcoin network might be threatened by “minor surrender.” There was also the expectation that the hash rate, which shows the computational power of mining, would fall sharply and fall into a “death spiral.”

What is half life in case of bitcoin trading?

When it reached its half-life on May 12, the hash rate dropped slightly. However, it soon recovered to its previous level.

Bitcoin’s hash rate is a parameter that indicates the number of calculations that network can perform per second. The higher the hash rates the more competition between miners to verify the new block. Also, 51% more resources will be available to carry out attacks, which will strengthen network security.

Glassnode’s on-chain BTC index (GNI) has dropped from 76 to 74 points since last week. However, “Network Health,” which aims for network growth and activities, rose from 88 to 94 points.

According to Grassnode, the current (Week19) market for Bitcoin is neither bullish nor bearish. It is said to be located in Regime 3, where there are discrepancies between bitcoin prices and fundamentals.

On the other hand, it is more like a bullish regime 1 than bearish.

In an era when parents can’t get angry when playing games? Virtual economic zone realized by blockchain

Now it is around 11 years of the Bitcoin Launch

Although the potential of blockchain to be applied to other than virtual currencies has been discussed around the world, it seems that even if we have excellent brains around the world, we cannot make an application example that exceeds bitcoin.

Since 2017, “blockchain” has become a so-called buzzword, and the people in charge of each company have enthusiastically started research. However, in many cases, I feel that time has passed without being able to answer the question “Why do I need a blockchain?”

After all, is blockchain a technology like virtual currency?

Recently, there is an industry that has been attracting attention for its efforts to make the most of the blockchain aspect of ensuring scarcity without allowing copying. The game industry in particular, Japanese blockchain game development, which has a wealth of knowledge in content creation, is beginning to shine as a field where blockchain is finding a way to success and becoming successful.

At the same time, there was a certain point of view that the blockchain group for the time being lacked in solving the “real problem” that the game industry had for many years.

In the 2nd part of the 3rd Traders Live, experts on blockchain and game representing Japan and overseas approached the future made possible by blockchain games. Bit trader is best software for trading these days, which is fist choice of the trader.

Main points

・In the first place, the blockchain revolution was to add value to digital data, not tamper resistance.

・The essence of NFT is the addition of economic activities to the game.

・Isn’t there a time when parents won’t get angry even when playing games?

・Economic activities that children first touch become games. -There will be more salary man gamers

Kraken users residing outside the US can also trade in Australian dollar-based foreign exchange.

Kraken acquired the Australian crypto exchange Bit trade in January this year. With this acquisition, Kraken has acquired the entire BitTrade team, with BitTrade’s top appointed managing director of Kraken’s Australian operations.

Other major exchanges are also expanding into the Australian market. Coin base began rolling out in Australia in 2016. The 19-year March, Bainansu is the legal currency support in Australia for the user has started. So read the latest news of bitcoin and related currency so that you reduce the risk of losses.

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