Cryptocurrency is a decentralized currency means it is not controlled by the government or the central banking systems. It uses distributed ledger technology that serves as the public financial transaction database.
The continuous decline in the price of all the altcoins including the bitcoin is creating the panic among the buyers. To analyze the condition of the cryptocurrency we have to discuss the different factors, affecting the price.
In addition to it, in an interview with CoinDesk, founder of F2Pool, Mao Shixing said that his firm estimate takes into account the total network hash rate drop. In other words.
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