Can Celphish Finance and Bitcoin Help Bring New Innovations to Crypto?

Cryptocurrencies have suffered a rough patch over the summer, with many prominent blockchain networks rapidly losing value. The cryptocurrencies that suffered this deterioration such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Terra (LUNA).

As a result, many cryptocurrency buyers have been concerned about investing in a bear market that is inconsistent and has high volatility. However, there is still hope for cryptocurrencies, with many blockchain networks like Bitcoin and Ethereum upgrading their mechanisms.

Celphish Finance (CELP) is an upcoming crypto project that plans to build an innovative community by innovating the capabilities of social media. This article will review the new innovations Celphish Finance and Bitcoin can bring to the crypto bear market.

Cellhish Finance: a cryptocurrency for the community
Celphish Finance (CELP) is a blockchain network that plans to bring something new to the realm of cryptocurrencies by authorizing multi-chain liquidity sourcing and trading from different liquidity sources. One of these sources includes DEXs that operate on numerous blockchain networks.

This allows users to trade and exchange currencies at the lowest prices. One of the main goals of CELP is to allow crypto enthusiasts to carry out crypto activities through their smartphones without restrictions. The blockchain network offers to frequently scale your operation, without limiting your capacity.

Celphish Finance provides users with a secure, direct, and fast peer-to-peer (P2P) trading network that allows them to trade freely without unnecessary waiting times or verification requirements. CELP employs a secure system that resolves the trust issues inherent in online P2P trading.

Additionally, the Celphish Finance network was designed to focus on creating an NFT marketplace that allows meme creation, has unique social media features, allows chat messages, and has educational elements.

Currently in its pre-sale phase, Celphish Finance allows buyers to buy their cryptocurrency at a cheap price and with the probability that it will fluctuate.

Bitcoin: Does the Taproot Update Bring a New Element to Crypto?

Bitcoin (BTC) is the first and most successful cryptocurrency. It is responsible for building the crypto market that we all know today! The blockchain network is best described as a peer-to-peer online currency that allows users to transact directly between independent and peer participants without the need for the involvement of an intermediary.

The digital currency emerged in January 2009 from an anonymous figure under the alias ‘Satoshi Nakamoto’. Nakamoto stated that the purpose of Bitcoin was to allow online payments to be sent directly from one party to another without the need to go through a financial organization.

In early 2022, Bitcoin implemented its biggest update to its platform in the last four years. This upgrade was called ‘Taproot’ and is intended to streamline transaction processing while also making it more cost and time efficient. Taproot also encrypts single and multisignature transactions together, making it difficult to identify transaction inputs on the Bitcoin blockchain.

Before this Taproot implementation, Bitcoin required transaction verification and was slow because each digital signature was validated with a public key. This process multiplied the amount of time it would take to make a transaction.

Taproot has brought a new element to Bitcoin by helping to scale the number of transactions that can occur on the Bitcoin network, bringing efficiency to the platform. Despite its recent declines, investors can be confident in buying the number one crypto coin.

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