Worldcoin Migrates To Optimism to Prepare For The Future, Moves To Ethereum 2.0

in #investinglast year

Worldcoin is a cryptocurrency based on the Ethereum blockchain that has been around since 2014. It has been used as a payment method for various services around the world and is one of the most popular cryptocurrencies in China. However, Worldcoin recently made an important announcement that could change the way people perceive this digital asset.

The company has announced that Worldcoin will be migrating to Ethereum 2.0 (Ethereum 2). This new blockchain will make it easier for users to access services and provide more security than ever before.

The migration will also give users more flexibility to exchange their coins in the future.The migration will begin on January 1, 2020, so those who want to continue using Worldcoin can do so until then without any issues. However, there are a few things you need to know about this new platform before deciding if it's right for you:

1: You don't have to worry about the security of your funds if you choose this new platform; All coins are stored on secure servers with no internet connection (offline).

Sort:  

You've probably heard a lot about Ethereum 2.0 (Ethereum 2) in the past year or so. The platform is aimed at modernizing the Ethereum blockchain in order to make it more accessible and user-friendly. As with other cryptocurrencies based on the Ethereum platform, Worldcoin is also moving to Ethereum 2.0. However, this doesn't mean that it will suddenly stop working as an independent cryptocurrency but instead means greater flexibility and convenience for your transactions.

The Elliott Wave Theory shows a five-wave move is underway to complete a five-wave Elliott cycle. The first wave is a large countertrend move from the low of the second wave up from the high of the third wave, ending in May 2019.

Cryptocurrencies have entered the digital age, but there have been many difficulties with them. With this being said, Worldcoin has decided to migrate to Ethereum 2.0 instead of staying on Ethereum 1.x for the time being. The new blockchain will make it easier for users to access services and provide more security than ever before. Furthermore, this will also give users more flexibility to move their tokens in the future if they so choose.

Cryptocurrency valuations are based purely on speculation and the fear of missing out on an investment opportunity. This has caused some people to loose sight of the fundamentals of a growing industry like blockchain and cryptocurrency. But there is still a lot that we don't yet know about cryptos compared with traditional markets such as stocks.

There are several reasons why we think this cryptocurrency dip won’t last:

A new law banning cryptocurrency payments and imposing heavy penalties on those who use it was passed by the Kuwaiti parliament last week. The law, approved on Tuesday, comes amid a crackdown on cryptocurrencies in the country.

As investors rush to buy cryptocurrencies, they are quickly creating a bubble. Bitcoin has gained a lot of attention in recent months and as a result many other cryptocurrencies have spiked significantly. While this is a good thing for those who purchased them when they hit their peak, it can also be seen as a sign of market manipulation by those who were selling off and buying back into an already inflated market at the peak. This is more likely to cause an increase in the price than anything else and will likely lead to an eventual decline rather than a long term upward trend.

In this article, we're going to take a look at the possibility of another downward price movement for cryptocurrencies. The main reason for this is that we think that this decline could be a short-term one due to the current regulatory climate for ICOs, as well as increasing concerns about fraud scams.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.029
BTC 58225.92
ETH 3120.30
USDT 1.00
SBD 2.50