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The financial evolution with art work has registered important changes in the last 12 years. The issuance of digital currencies such as Bitcoin or Ethereum is advancing steadily and threatens to extinguish financial institutions that do not adapt to new measures. Cryptocurrencies represent a serious competitive challenge that may limit the profits that the financial sector enjoys through the operation of international and intercontinental drafts. This technology began to be studied by the main central banks of the world as an alternative security attraction at a more exponential level, somehow marking the beginning of a more evolved future that mainly relies on a volatility to be controlled so that it has its position fixed in globalization of payments.
Blockchain has evolved many industrial aspects of both machines and technology, taking its transparency and desentralization to other important levels, this means that Blockchain has no borders, rather it is capable of revolutionizing any type of industry that crosses its path , it really has no borders, industrial coffee makers and oranges production in the food area have adopted Blockchain as an intermediary, even banks have created patents and backups for blockchain, without telling you that sports instruction allows you to buy ticket office through these cryptoactive. They are only short reviews but industrially, blockchain is being accepted without any inconvenience.
Although there are currently more than 4 million mining equipment operating in the Bitcoin network, the demand for mining machines in the market would be one and a half million more units to add. The increase in difficulty is coupled with the increase in processing power on the network, which has also been touching its maximum historical levels recently. Even, the miners reached the milestone of 100 trillion hashes per second (EH / s) of processing, coinciding with the release of more powerful and efficient mining equipment. Is good to know, the high demand for mining equipment corresponds to the profitability levels that Bitcoin mining activity has shown since its creation, only 10 years ago. 🙄
It is understood that bitcoin and cryptocurrencies are a transactional evolution in many aspects, already recognized by many financial entities as the new internet financing law. In a previous post I mentioned that Bitcoin when it is mined in its last unit, the miners will stop receiving rewards for mining and will only receive transactional commissions for each person who sends Bitcoin to someone else, this is a disadvantage of obsolence far away so far, but some scandalous regulation can flip all this evolution back. The community is what decides the direction of Bitcoin and its allies.