Cryptostreet

What is Ethereum ? Ethereum is a blockchain network founded in 2015. It was the first platform to offer intelligent smart contracts. As a result, Ethereum Blockchain could become the basis of decentralized applications. Etherum's network token is ether.  Ethereum Ethereum quickly established itself as the second largest cryptocurrency behind Bitcoin. The Ethereum network has grown massively in recent years, particularly due to the growth markets DeFi and NFTs. The price of the Ether token surged above $4,000 in the last year.  What problems will Ethereum face in the future? Ethereum has established itself as the number 1 smart contract platform. This was mainly due to the fact that Ethereum was the first to offer smart contract functions. If you want to develop a decentralized app, the first place to go is the Ethereum blockchain. Nevertheless, Ethereum has had to struggle with some problems in recent years. Transaction costs in particular have risen again and again in recent ...

  It looks like Panama is following El Salvador in its plans to adopt Bitcoin and other cryptocurrencies like the XDC network as legal tender. Panama follows in the footsteps of other Central American countries such as El Salvador, Lugano and Honduras Prospera. Panama will soon accept bitcoin and other cryptocurrencies, including the XDC network, after the National Assembly approves the first steps. In the first debate, legislation was passed in an attempt to control the use of crypto assets. This is crucial for Panama because it aims to bring legal stability to crypto assets, according to Congressman Gabriel Silva. The second aim of the law is to grow the crypto business and generate investments that create jobs.  This is the plan for the acceptance of Bitcoin and other cryptocurrencies throughout Panama. In Panama, however, the use of cryptocurrencies is not mandatory but voluntary. In response to a tweet from a follower, he said: "If the company wants to get it, there's no ...

  Samson Mow, the former CSO at Blokstream and founder of JAN3, believes that most decentralized finance protocols cannot compete with Bitcoin when it comes to creating an effective monetary network due to their lack of decentralization. Mow stressed that DeFi projects are run by organizations that can change the protocol at will. "Bitcoin is fundamentally money and should be immutable," Mow said. "If you can change that at will, then you're no better than a fiat currency controlled by the central bank." The decentralization of Bitcoin ( BTC ) makes it very difficult to change the protocol. Therefore, Mow believes it is a unique candidate that can become a truly global monetary system. Mow explained that despite the immutability of the Bitcoin base layer, developers can still build applications on top of the Bitcoin blockchain by working with the Layer 2 scalability solutions. In particular, Mow is a strong supporter of the Lightning Network, which enables insta...

  Ukraine goes down in history as the first country to fund war efforts with cryptocurrencies. Since Wednesday, interested parties can also donate collectibles from their NFT collections to Ukraine . There is a choice of either handing over the NFTs directly or buying an NFT from Ukraine. The latter is handled via OpenSea. Interested parties can currently bid on CryptoPunk number 5364, among other things. According to a statement on the website, a total of 60 million US dollars has been raised in donations so far. In this way, donors not only finance humanitarian aid, but also weapon systems and ammunition. The Ukrainian Ministry of Digital Transformation is implementing the donation platform in partnership with the crypto exchanges FTX and Kuna and the staking provider Everstake. All means are right While the Ukrainian government is accepting donations in cryptocurrencies, it seems that the risk of capital flight from its own citizens is too high. In March, the central bank banned...

  The Tron price will most likely break out in May. Thus, one can expect an outbreak in the next three weeks. From a confirmed bullish breakout, Tron price needs to break the upper trendline. The current weekly candle is at the resistance line at the moment, however, the volume is quite low, which is why there are not enough buyers active yet. As a result, we expect Tron price to experience a brief setback. If the price breaks the trend line on Friday, April 29th, 2022, we assume a breakout. Should this happen between 04/30/2022 and 05/01/2022, we would rate this as a fake breakout . Since the Tron price shows weakness in the weekly candle, we assume falling prices for the time being. Other cryptocurrencies such as Polygon are also rather bearish in the short term. A current polygon forecast can be found here (click here) . Based on this data, we expect Tron price to drop to the lower trendline, around $0.06. After that, however, there could be a new upswing. Possibly with a subseq...