Coinbase pointed out a 51% risk on Zcash, whose developers say they are resolving the issue, $ZEC is stable. On the other hand, Cosmos’ ($ATOM) bullish momentum has slowed down despite developments on its network. But, Borroe.Finance ($ROE) keeps rising as more investors buy into its presale.
Will Cosmos and Zcash surge to compete with Borroe.Finance? Let’s explore here.
What you'll learn 👉
Coinbase Highlighted 51% Risk on Zcash
Coinbase revealed a significant imbalance in the network hash rate distribution of Zcash ($ZEC), a proof-of-work cryptocurrency. According to their report, over 51% of Zcash ($ZEC) hash power is concentrated within one mining pool, ViaBTC.
Coinbase responded proactively to mitigate any potential risks related to a Zcash ($ZEC) 51% attack, wherein one entity gains control of over 50% of a blockchain network’s computational power.
Coinbase, in its efforts to manage the risk, raised Zcash ($ZEC) confirmation requirements to 110 block confirmations. This adjustment increased deposit times from around 40 minutes to approximately 2.5 hours.
Additionally, Coinbase transitioned its ZCash ($ZEC) markets into a limit-only state to minimize the effects of potential volatility. Notably, the exchange communicated with the Electric Coin Company (ECC), expressing its worries about mining centralization dangers.
The ECC, Zcash’s ($ZEC) parent entity, addressed Coinbase’s preventive measures on Twitter, acknowledging the concerns and initiating discussions with Coinbase, ViaBTC, Zcash’s security lead, and Zcash ($ZEC) Community Grants.
On September 24, 2023, $ZEC was trading at $26.45, up 2.16%. Analysts expect $ZEC to reach $30.15 by the end of 2023, supported by security enhancements on its network.
Cosmos ($ATOM) Loses Steam after Publishing 2024 Roadmap
The Internet of Blockchains Communications (IBC), also known as Cosmos ($ATOM), unveiled its 2024 roadmap on September 18, 2023, detailing significant plans and projects for the year ahead. Following this announcement, Cosmos ($ATOM) enjoyed a bullish trend in its price.
Cosmos ($ATOM) posted a tweet revealing its 2024 roadmap. Notably, the tweet highlighted that Cosmos ($ATOM) had facilitated 52 million transfers, amounting to a total value of $29 billion, across more than 100 chains in the previous year.
In other upgrades, Cosmos revised its staking policy for its native network token, $ATOM. Cosmos ($ATOM) holders can stake their assets in the open market without undergoing the previous 21-day incubation period. However, there is a cap of 20% of the initial Cosmos ($ATOM) assets held for each stake made in the open market.
After the 2024 roadmap announcement, $ATOM surged to highs of $7.57. However, it cooled down to trade at $7.14 on September 22, 2023. Analysts expect Cosmos ($ATOM) to regain strength to reach $8.95 by the end of 2023, supported by developments on its network.
Borroe.Finance ($ROE) Appealing To Investors after Its Price Increased
Annually, many new ICOs launch, hyping themselves as the best in the market, but only a few deliver on the promise of offering a unique and essential real-world utility. Borroe.Finance ($ROE) is a decentralized fundraising platform that utilizes technology to provide easily accessible loans.
Through Borroe.Finance’s ($ROE) lending services, Web 3.0 companies can address their short-term capital needs. Borroe.Finance ($ROE) secures loans through collateralized future invoices, enabling companies to access funds based on their management fees, royalties, and subscriptions.
$ROE’s premium NFTs streamline the trading of these revenue sources.
Borroe.Finance’s ($ROE) marketplace is highly accessible, increasing the likelihood of loan approvals. Additionally, Borroe.Finance ($ROE) provides discounts and various incentives, while offering the flexibility to customize loan requests on its platform.
The platform seeks to set itself apart from other top altcoins by offering a unique real-world utility, a rarity in the crypto market. The market is already responding positively to the appeal of Borroe.Finance ($ROE).
Borroe.Finance ($ROE) is in Stage 2 of its presale trading at $0.0150, a 50% surge from its initial price. When $ROE’s blockchain ICO presale concludes, Borroe.Finance ($ROE) will reach $0.0400, a 167% growth from its current price.
Learn more about Borroe.Finance ($ROE) here:
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