What is the issue?
The new ATOM protocol upgrade has left many cryptocurrencies wondering what’s going to happen next. The most notable change will be a significant increase in mining difficulty and therefore, inflation. The problem is that approximately 5% of coins are lost forever because they cannot be re-generated after the new block reward cutoff date, so there will be little incentive to mine during this period and thus, a price decrease.
Moreover, developers have said they will make changes as to how the technology works afterward so they can avoid any issues with updates in the future.
How did the issue arise?
As stated earlier, the new ATOM protocol upgrade has left many cryptocurrencies wondering what’s going to happen next. The most notable change will be a significant increase in mining difficulty and therefore, inflation. While it sounds good for miners to receive more coins for performing a transaction, there will be little incentive to mine during this period and thus, a price decrease. Moreover, developers have said they will make changes as to how the technology works afterward so they can avoid any issues with updates in the future.
What are the possible solutions?
Some investors are speculating that this new upgrade will make coins such as PIVX more valuable as it will decrease the number of transaction fees to be paid. But, there is no guarantee that this will be the case, or if it even could occur at all. Some investors suggest that earning more ATOM coins may be the solution. However, this would only work if other cryptocurrencies are not affected by the changes from the upgrade. Â Other developers have stated that people should just pay attention to how things play out in order to understand how they should move going forward. But, some people still want answers on what they can do now and what they should expect to happen in the future.
What is ATOM?
ATOM was created to be a cryptocurrency that could be used by people without the need to install any programs on their computers. Since ATOM is based on HTML, there is no need to download software onto your device in order to use it. ATOM also uses a blockchain framework which makes the technology consistent with other cryptocurrencies and very easy for developers to start working with if they have experience with HTML.
The new upgrade will make many aspects of cryptocurrencies easier for people who are not skilled programmers but have skills in HTML. This can help move many people toward becoming interested in this new investment opportunity and hopefully, attract more investors and creators of new software going forward.
What is the ATOM upgrade?
ATOM was created to be a cryptocurrency that could be used by people without the need to install any programs on their computer. Since ATOM is based on HTML, there is no need to download software onto your device in order to use it. ATOM also uses a blockchain framework which makes the technology consistent with other cryptocurrencies and very easy for developers to start working with if they have experience with HTML. The new upgrade will make many aspects of cryptocurrencies easier for people who are not skilled programmers but have skills in HTML. This can help move many people toward becoming interested in this new investment opportunity and hopefully, attract more investors and creators of new software going forward.
