Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Forks
THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?
THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain ecosystem, remains under pressure, losing 12% at press time. The drop over the last 24 hours means the token is down nearly 70% from March…
9 months ago
What is a Fork? – Beginner’s Guide to ‘Forking’ on the Blockchain
Fork! The name itself sounds kinky. But it is what it is. In technology lingo, the word Fork describes anything diverging or cut off from existing software or code. But gradually, the definition has become much broader than it was initially used for. To fork means to change, differ, or diverge from something already existing, either upgrading and leaving the old stuff behind or starting something entirely new based on the previously existing rules. When it comes to ‘forking’ on…
5 years ago
The Real Bitcoin – A Beginner’s Guide to Avoiding Confusion Surrounding Bitcoin
Cryptocurrency started with Bitcoin. Bitcoin is a decentralized payment mechanism that began in 2008. This first-ever decentralized digital currency base was backed by nothing but the Bitcoin network participants' mutual trust. The Bitcoin protocol was designed to be free from tampering with the source code. Thus, no single participant can act against the network, nor can he deny the user to the network in any way. This made Bitcoin the first in a series of 'Borderless transparent mutual censorship-resistant immutable' mediums…
5 years ago