Cryptocurrency is headed against surviving its first age

Cryptocurrency is headed in direction of surviving its first age

© Reuters
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The past 300 and sixty five days became once a drawback all around the globe. Financial markets plunged deep into the crimson, affecting millions, if now not billions, of folks worldwide. Inflation rose. For crypto, it has arguably been the worst 300 and sixty five days since Bitcoin’s (BTC) inception. It has been extra of an ice age than a crypto winter​, and wicked actors and used project​s contain dominated headlines —​ including FTX, Voyager, Celsius, Terra, ​​Hodlnaut​, and this week, Nexo​.

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​In 2023, the purge might perchance well continue with initiatives that — adore Tezos, Lisk and EOS — attain now not find any contemporary abilities, nor attain they innovate. It’s been stated most steadily that 90% of crypto initiatives will within the smash go away or fade because, amongst diversified failures, they resolve nothing.

<em>Preference of customers with <span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/crypto/bitcoin" id="63cf48df4d" class="aqlink js-hover-me" hoverme="aql" data-pairid="157391">Bitcoin</a></span> balances of 1 BTC or extra from Oct. 21 via Nov. 22. Offer: Glassnode</em>
Raullen Chai is the co-founder and CEO of IoTeX. He previously worked for corporations including Google (NASDAQ:GOOGL), Uber (NYSE:UBER) and Oracle (NYSE:ORCL). He holds a Ph.D. from the College of Waterloo, where his compare interested in designing and analyzing lightweight ciphers and IoT authentication protocols. At Google, he led many indispensable security initiatives for its technical infrastructure, including mitigation of SSL attacks, privacy-keeping SSL offloading and enabling certificates transparency for all Google providers and products. He became once also the founding engineer of Google Cloud Load Balancer, which now serves thousands of cloud providers and products, with over 1 million queries per 2nd.

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