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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now? As it turns out, Ethereum is getting old and outdated very quickly. Unless it can come up with new tricks, it will likely start to sink, maybe even during 2019. ETH is the second most important coin in crypto history. The first one, Bitcoin, is directly responsible for the existence of digital currencies, but it was Ethereum that thought people how to get the most out of blockchain.

Despite it being a revolutionary coin, ETH is slowly getting outdated, with many other projects becoming serious competition to it. Now, in the first weeks of 2019, ETH will attempt to tackle scalability issues of its network, and the entire market is waiting to see what will emerge from its early-January hard forks.

2) EOS

EOS is another coin that is among the top ones, but it has some serious problems to address if it wants to stay relevant and grow further. The project used to be very trustworthy and reputable until its own community started losing faith in it. This happened for a variety of reasons, such as the sloppy launch of its MainNet, which crashed only hours later, as well as incidents with EOS’ block producers.

There are also signs that the project’s CTO, Dan Larimer, might soon launch another crypto, which is not something that the coin’s community is currently interested in. They would rather see more work on making EOS better and more successful than a new coin that needs to start from scratch. While it is possible that the new coin would have better control over itself, after Larimer and his team realized everything that is wrong with EOS, the community doesn’t seem interested in seeing it.

3) Basic Attention Token (BAT)

BAT is another project that the crypto community got hyped about, but it is still far from achieving its mission. The coin works best in combination with Brave browser, which has numerous benefits over browsers such as Chrome or Firefox. For example, it comes with a built-in adblock feature, it allows user greater control over their data, and it allows the option to choose to watch ads and get paid in BAT for it, which is expected to revolutionize the relationship between companies and their targeted audience.

However, the development was rather slow lately, and the option to view ads in exchange for small amounts of the coin is still largely unavailable, except for a few that got to apply for it early on. Furthermore, some controversies regarding the way coins are being handled by the browser and developers emerged as well, and there are still problems with the browser itself that need to be addressed. Maybe the crypto project will have better luck in 2019.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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