Hustler Digest: This Week's Top Blockdesk Articles ๐Ÿ”ฅ

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Hustler Digest: This Week's Top Blockdesk Articles ๐Ÿ”ฅ

Hey Blockster,

It's been a busy week for the crypto space. Bitcoin keeps strengthening its positions, the confrontation between censorship and decentralization gets as sharp as ever, while cryptos continue to perform CPR on the South-American economy.

 

All that – and more – in our weekly selection of top Blockdesk articles.

 

Have a great read! ๐Ÿ’ฌ

Decentralized, secure, and scalable. Although promised by multiple altcoins, such a feat is currently impossible to achieve. The article explains how the consensus mechanism works and why layer-2 scaling solutions are vital.

Citizens in countries that banned cryptos used VPNs to trade on foreign or P2P platforms that enable safe transactions within the country. Meanwhile, blockchain alternatives have also begun to rise, circumventing significant social networks censorship.

After the capitulation in May, the market began to experience less and less volatility, despite its continued decline in price. However, Bitcoin whales have re-accumulated Bitcoin for the first time since February 2021. Charts show how caution and patience in the market are essential for good results.

The Security Service of Ukraine (SBU) confiscated over 3,800 video-game consoles that had been used to mine cryptocurrencies using electrical power theft. However, those cold-weather countries should incentivize this industry, which can generate profits and also double as a heating source.

Paraguay, the South American country, could follow El Salvador's move in crypto adoption. On July 10, Paraguayan lawmakers announced an effort to introduce a bitcoin legislation. Panama, a former tax haven, is also displaying a similar trend. Moreover, the rampant inflation in Turkey creates a perfect scenario for crypto adoption as legal tender.

That's it for this week! We hope you enjoy the work of those industry experts.

Make sure to follow our updates and send your questions on our Blockster Telegram.

Cheers,
The Blockster Team
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