Bitcoin IRA releases Guide for Ethereum Upgrade
Bitcoin IRA has released new guides to help educate individuals about Ethereum and its anticipated upgrade to version “Ethereum 2.0.”
Ethereum is the second largest cryptocurrency with an estimated market cap at over $40 billion. Just like the internet, Ethereum is “open-source” and it is decentralized so it is not controlled by any government entity. However, unlike Bitcoin, it offers “smart contracts” which make it programmable. This revolutionary technology enables developers to build real-world applications on top of the network, dramatically expanding its use cases.
Today, Ethereum has over 25 billion in monthly transactions from applications built on top of the network. This includes decentralized crypto exchanges, “stable coins,” lending and borrowing apps from decentralized finance. It also includes gaming, digital collectibles, and much more.
In a few weeks, developers will be launching the largest upgrade to Ethereum’s network since it launched 5 years ago. The goal of the upgrade is to increase its security by moving to “Proof of Stake”. Also, it is to increase its scalability to eventually handle more transactions per second than Visa and other major payment processors. The upgrade will also enable more casual investors to become validators to help secure the network while earning a reward for doing so.
Overall, Ethereum is an exciting digital asset with a rich development roadmap which can offer enormous potential for long-term investors.
About Bitcoin IRA
Bitcoin IRA is the world’s first, largest and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts. Bitcoin IRA is available at bitcoinira.com.
The company provides a trading platform for self-directed retirement accounts. This allows clients to set up a qualified digital asset IRA account. Also, clients can transfer funds from an existing IRA custodian and execute trades in real-time 24/7 through a leading exchange. Furthermore, clients can also store the funds in an industry-leading multi-signature digital wallet from BitGo, Inc.
Since 2016, Bitcoin IRA has processed over $400 million in investments. It also has over 50,000 account holders with more than 2,500 5-star client reviews.
Bitcoin IRA is a financial services technology provider, and as such, is not a financial adviser. Neither is it a cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Los Angeles.