The Recovery of the Cryptocurrency Market After $17 B Crash

The Recovery of the Cryptocurrency Market After $17 B Crash

The cryptocurrency market was known to be crashed and reports say that around $35 billion were recovered. The prime reason for the crash was known to

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The cryptocurrency market was known to be crashed and reports say that around $35 billion were recovered. The prime reason for the crash was known to be the ban on ICOs in the country of China by stating that the ICOs are a part of unregulated sales and that is against the Chinese law. These laws are mainly passed for preventing scammers from planning any frauds with the help of ICOs. However, the Ethereum price was leading the comeback of cryptocurrencies with a gain of around 17% and a myriad of the cryptocurrency coins got really impressive gains as well. The three top exchanges are known to be the KRW, CNY, JPY.

In the month of September, Ethereum will have an upgrade which is known as Metropolis. The two hard fork releases of Byzantium and Constantinople is scheduled to be released soon and the release date of Byzantium is said to be 22nd September. The Metropolis hard forks are going to relieve a great amount of stress on Ethereum. It is also known to bring more convenience and better functionality to the users. There are many upgrades planned for the hard fork Byzantium. Including building blocks is one of them that will help implementing zero knowledge proofs. Also, account abstraction is one of the other features planned which will help users have a great control on their private keys.

Kik is going to keep its first step in the cryptocurrency market and is introducing Kin as a cryptocurrency for everyday usage. Kin will be highly used for all the digital transactions within the ecosystem of Kin. It is implemented on the Ethereum blockchain as ERC20 tokens. Kin will be serving as the base of interoperability with the other digital services that are prevailing in the Kin ecosystem. Kik was originally founded in the year 2009 and is an application providing the best way for connecting with people and now Kin will be soon integrated into this application. This will make Kik the very first digital service joining the Kin ecosystem. With the number of users running in millions, it is predicted that Kin will definitely establish a fundamental value for cryptocurrencies.

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