Real Estate Bubbles And Cryptocurrency’s Real State Explored
Real estate bubbles and cryptocurrency has become a bigger issue in today's world. With cryptocurrency becoming more mainstream, Coin Desk reported that Ethereum has come up with improvement proposals (ethereum IPs) to improve their services for the public. Meanwhile, Nippon reported on the state of share prices globally, with stocks in the US trying to rebound after ending last year on the lower end of the stock exchange.
The ethereum list has 28 official EIPs and at least one other that is set to be added. There are also changes to the $27 billion-worth network that is sure to impact the code execution, data storage, mining algorithm and pricing, and others. Most of the proposals were discussed by the ethereum's core devs during a bi-weekly call held on Friday.
Only one of the EIPs were accepted on Friday. That was EIP 1108, where a minor change to gas fees on the ethereum network was the agenda. Developers have made clear that this doesn't mean it's already accepted 100% while approved; there are still benchmarking figures that will be revealed during the next core developers meeting.
Two other EIPs were proposed, but these are going to be delayed, it seems. EIP 1559, which is bringing a new transaction fee model to ethereum, will be one of those. Developer Rick Dudley explained that this is due to its 'complicated' nature. Another notoriously delayed development is EIP 1057, which proposes a change to ethereum's proof-of-work (PoW) mining algorithm.
Meanwhile, the stock exchange values that have gone down is being attributed to the ongoing trade disputes, namely the one between the United States and China. As of today, the monetary policy of both countries has been eased up. Japanese shares have only begun to recover, however, affected by the ongoing dispute as well.
This has also affected real estate to the point that the next bubble is expected to be 'incubated' by Japanese and European central banks. The Bank of Japan remains in trouble, especially as its monetary policy cannot be ended, not with the disputes going on. Statistics for January and February have already revealed a slight decline.
With the problems going on, real estate bubbles and policies need to be reviewed carefully before they can be approved. Chief in the concern is how to navigate financial losses and gains--if any--while things are in disarray. It all hinges on the US and China coming back to the discussion table to finally end the dispute once and for all.