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What currency is the Blake2b algorithm (How is the investment value of blk currency)

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The Blake2b algorithm is what kind of currency. The blockchain game using Blake

What currency is the Blake2b algorithm (How is the investment value of blk currency)

The Blake2b algorithm is what kind of currency. The blockchain game using Blake2b algorithm is a type of mining currency that is based on Bitcoin. It adopts the BAKE consensus mechanism (Bitpie) to ensure price stability. It also introduces a “bidirectional” trading pair. This encryption technology makes BAKE a valuable and interchangeable product, as BAKE has high market liquidity in the network. By using BAKE tokens to reward block producers and pay users to nodes, users will receive Blake tokens. These profits are generated by new nodes that participate in distribution or voting, while new miners can obtain more new coins, such as SBT, XMR, ZEC. (Note by the translator of the Medium article: “BAKE is exchanging 1 BTC for a 4GB RAM hard disk”).

How is the investment value of blk currency

Editor’s note: This article is from the FHL community (ID: FHBT18), written by Peipei, authorized translation by Odaily Planet Daily.

Hi everyone, I’m Peipei. Today I would like to share with you the views of a big name in the cryptocurrency industry:

Recently, I saw news about the launch of their own public chain project BlkK (Blockchain Liquidity Network), which is a hot project in China. The name “blockcoin” (BL) is very vivid because the white paper mentioned support for the value storage function of Bitcoin. When it was introduced, we all know it is a conceptual blockchain product, and there have been many reports on it since last year, so I think it is indeed somewhat similar to Bitcoin. But now it seems that it is not that important? However, this is actually a positive signal, because the tokens I mentioned in my previous articles, such as btc and eth, may still be not well understood. For example, btck I mentioned a few days ago is Bitcoin Cash and Ethereum, but these tokens themselves do not have much room for change. They only have high transaction fees and need to perform some small amount of transfer operations to avoid network congestion. Due to the current price rise, the price will drop a lot, and there are still many choices for those who hold coins to buy other asset categories. I won’t do a detailed analysis here. Below, I will briefly explain some information about this token. First of all, we need to understand what it is and why it can be called the first “flash loan” coin. “Flash loan,” “flash exchange,” “flash crash,” or “Black Swan event,” what exactly is the real security guarantee? Second, what are the differences between it and mainstream currencies? Third, what is its relationship with BTC? (Note: “Flash loan”).

In addition, if btck is understood as digital gold, the actual significance behind it can be summed up in two aspects. One is that Bitcoin has a large issuance and is becoming less and less. Second, as time goes on, Bitcoin will gradually become scarcer. Therefore, the future development of Bitcoin will definitely become a global payment system. Another more important point is that the technical characteristics and application scenarios that Bitcoin possesses as a cryptocurrency will become more and more extensive, and Bitcoin will be able to replace fiat currency or stablecoins in the traditional financial system. The final question is whether it can achieve a deflation model in the short term because Bitcoin’s total supply is limited and its volatility is relatively low. Of course, the two pieces of news mentioned above about Bitcoin’s halving are actually based on the continuously increasing block rewards over the past year, combined with the new output generated by Bitcoin mining, which has made Bitcoin’s market value grow rapidly. “If the price of Bitcoin exceeds $20,000, there will be a new source of supply – the so-called “Liquidity Pool”. By looking at it this way, Bitcoin may experience a large increase in a short period of time (about 5 times).”

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