The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of ChainX has risen by 2.94% in the past 7 days. The price declined by 0.74% in the last 24 hours. In just the past hour, the price grew by 0.45%. The current price is $0.0994 per PCX. ChainX is 99.50% below the all time high of $19.73.
The current circulating supply is 12,505,374.7 PCX.
is a community-run layer2 network of bitcoin. The network aims to build a trustworthy and scalable , which is a secondary framework or built on top of an existing network. This off-chain layer intends to increase Bitcoin’s payment speed as well as its function extension. ChainX’s community-run network aims to be the gateway to Bitcoin’s ecosystem as a layer-2 framework.
According to its , due to the limitations imposed by block size and block production, Bitcoin falls short of providing a significant purpose when it comes to large-scale payments. Also, the network suffers from scalability issues. As a solution, Bitcoin’s reliability in the layer-2 network is built up by ChainX.
ChainX aims to allow the deployment of using such as EVM in order to achieve Bitcoin scalability and to provide a suitable development platform for Da developers. Virtual machines are sets of virtual space where code can run independently of the rest of the system. As a result, virtual machines help test new software or execute potentially harmful applications. Likewise, the Ethereum Virtual Machine (EVM) powers the network’s nodes to execute smart contracts.
The platform aims to offer certain features like:
Low cost migration;
Familiar tools and plug-ins;
Web3 compatible; and,
Solidity smart contracts.
PCX is ChainX’s governance . Accordingly, the token has three main utilities: governance, payment, and . PCX aims to represent the voting rights on the ChainX network, granting holders the ability to vote on protocols, products, new features, objectives, upgrades, and maintenance. Additionally, the network seeks to enable holders to stake their tokens in order to safeguard the network while also receiving incentives. Further, as a facilitator for the transaction process, ChainX charges transaction fees for the computational power through the PCX token.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of ChainX is $1.24M. A high market cap implies that the asset is highly valued by the market.
The all-time high of ChainX is $19.73. This all-time high is highest price paid for ChainX since it was launched.
Over the last 24 hours, the trading volume of ChainX is $63.52K.
The current circulating supply of ChainX is 13 million.
No, ChainX is not currently available on Coinbase, but you can sign up to get the latest news on ChainX and be notified when it gets added to our exchange.
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