There are several people who are taking loans to invest in to cryptocurrency. It does not make sense to borrow to horde crypto. It is like taking a loan to buy the biggest car one does not need. To such people Vitalik had his say.
Vitalik Buterin tweeted: “Please don’t do things like this. I would NEVER recommend anyone take out a personal loan to buy ETH or other ethereum assets.”
Talking about Ethereum, Sydney Ifergan, the crypto expert tweeted: “Ethereum (ETH) are pioneering financial freedom for humanity. Maximalists continue to invest in ETH.”
Some of the users are of opinion that the Ethereum might rally harder and prove to be better than the new bull cycle. The reason for the optimism is due to the popularity of DeFi and the gap between the current price of ETH and its all-time high price.
Increasing numbers of investors are showing interest in taking to Ethereum when compared to Bitcoin for varied reasons. Defi protocols on the Ethereum Network with network effects are retaining their staying power. Several on-chain indicators are pointing to the strength of ETH. The numbers of new ETH addresses are also touching an all-time high.
The launch of Ethereum 2.0 beacon chain with more than $400 million in stakes is yet another reason.
Those who want to start building on Ethereum start off with two related nodes like Ethereum (ETH) Open Ethereum (Parity) v3.0.1 and Besu Hyperledger Besu v20.10.1 respectively.
Interesting to see that a German Bank is offering investors with access to Bitcoin and Ethereum. This is evidence to the fact that it is about adapting or to get block bustered. Smarter banks that have survived for more than a couple centuries know how to survive and they know that it is important for them to adapt. More so, several traditional institutions are beginning to adapt.
There are developers who state that they have learnt Solidity programming in a month. Just that it need not be scary or hard to get started.
There is a lot of help available to get something done very specific. There is also Udemy Solidity Course that starts from first principles and teaches through real smart contract examples. There are Solidity Contract Templates which are fully audited, battle tested and well-documented.
The world of open source coding have billions of dollars’ worth in value locked within itself. For the developers, it is their skill to unlock it for good.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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