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Coinbase rallies 8% after Goldman Sachs upgrades stock to ‘buy’
📰 sources⭐ 7.0
TL;DR:
Goldman Sachs highlighted crypto firms building infrastructure over trading desks, seeing steady growth in tokenization and prediction markets.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.