uncertain ratio between Ethereum and Bitcoins prices: Study 51% of attacks and investments in the graphic plate
As cryptocurrency enthusiasts, we always seek ways to diversify our investments and reduce risk. Recently, the concept of “51%attack” has caused intensive community interest, especially when it comes to prices of graphic boards. In this article, we deepen the relationship between Ethereum and Bitcoins prices, examining if there is a correlation between these two cryptocurrencies and the price of the graphic plate.
51% attack threat
In 2016, a hacker group began a 51% attack on the intelligent contract of DAO (decentralized autonomous organization), which caused significant losses to investors. This event emphasized the potential gaps in blockchain networks for attacks that can manipulate total cryptocurrency delivery or control most network nodes.
To alleviate this risk, some cryptocurrencies implemented mechanisms such as staging and mourning proof (POS). However, this has led to an increase in prices of graphic plates because investors are looking for an alternative to reduce risk exposure.
Ethereum and bitcoin prices: correlation?
When we examine the relationship between Ethereum and Bitcoins prices, it is necessary to consider current market trends. The price of cryptocurrency is influenced by several factors, including supply and demand, technological progress, regulatory changes and mood of investors.
Although there is no direct correlation between Ethereum and Bitcoins prices, their prices were affected by similar factors:
- Gas prices Ethereum : As the Ethereum network increases, as well as the computing force required for transaction processing. This increase in energy consumption has led to higher prices of gas, which can affect the overall price of cryptocurrencies.
- Increasing difficulties make it difficult to solve complex mathematical problems, which leads to an increase in transaction rates and a potential decrease in the value of some cryptocurrencies.
Price of Graphic Plates: Main risk factor
Price from graphic cards are another significant risk factor that can affect cryptocurrency markets. As the demand for video cards increases, especially in game stations or when players should update their equipment, prices tend to grow.
In this context, the correlation between Ethereum and Bitcoin prices is more complex:
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51%attack threat: a new player in cryptographic markets?
Recently, video signs have appeared as new players in cryptocurrency markets, especially in relation to their potential impact on 51% of the risk of attack. With the increase in decentralized game platforms (eg dentland), the demand for high performance graphic processing (GPU) increased.
Because investors are trying to diversify their portfolios and reduce risk exposure, prices of graphic plates can become more attractive alternatives to traditional cryptocurrencies such as Bitcoin. It should be noted, however, that video cards are not guaranteed against fluctuations in the cryptocurrency market or 51% of attacks.
Application
The relationship between Ethereum and Bitcoins prices is complex, with several factors that affect their movements.
