What is Tesra platform?

08/12/2023 12:01 • AI Insights • 78 views

Tesra is a platform that supports decentralized trading protocols based on Ethereum, distributed storage for digital assets and NFT, open financial networks based on blockchain technology, and secure and efficient services for individuals through trustless peer-to-peer networks. According to CoinMarketCap data, seven out of the top 20 blockchain platforms in terms of global market value rankings have experienced significant growth in the past 30 days. These developments are attributed to the rapid development trends in blockchain technology and the cryptocurrency industry. While these developments are impressive, they have left a profound impression on many people and will ultimately change how people view and decide on investment portfolios.

Therefore, if we take a look at the research results and other analyses, we will find that although this perspective may seem strange, it does imply that we have seen a lot of discussions about the cryptocurrency and NFT markets. So why should we pay attention to this field? Let’s first review various events that have occurred in the past two years. Bitcoin was born on January 15, 2009, when its price reached $50,000. Since then, as the price of Bitcoin continues to rise and breaks through the $60,000 mark, its market share has been on a downward trend. By the end of 2017, investors flocked to the price level of this token. Subsequently, starting from early 2018 to mid-2019, BTC price plunged to around $29,000. The bull market in 2018 caused a panic sell-off among many retail investors. However, just a few days later, Bitcoin returned to its historical high. Shortly after that, Bitcoin fell again to the range below $3,800, ultimately dropping below $6,000 and reaching a low of $5,000. As of the time of writing, Bitcoin remains stable and was close to its all-time high of $20,000 on Monday. According to Bitinfocharts data, the current average block time for Bitcoin is only 13 seconds, an increase of nearly 30% from last week.

In addition, with the recent surge in Bitcoin price, Bitcoin mining equipment has become cheaper. When MicroStrategy purchased Bitcoin as corporate cash holdings, the company’s costs were reduced by more than half. During the recent Twitter hacking attacks, the company lost more than $1 billion worth of Bitcoin and other tokens and is now transitioning to new Bitcoin mining machines, further weakening its control and making its operations more decentralized. Furthermore, some exchanges have temporarily suspended or closed Bitcoin payment acceptance. Additionally, there are currently around 50 different nodes operating on the Bitcoin network in the past few hours.

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What is Tesra platform?

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