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Beam’s TestNet is up, and it’s a game changer!

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The Beam project announced months ago that its new Testnet and graphical wallet would be online at the end of last month (September 2018) and they have delivered! Let’s have a look at Beam’s special features and why this is an event worth celebrating in the cryptosphere.

Beam is not the cryptocurrency project with the highest profile in the cryptosphere. But you should be aware of it because of its unique features and the fact that it’s moving forward at a pace that can only be rivaled by Cardano, Tron or Stellar (for example). To be more specific: it was supposed to get its Testnet online last month. It did, and it’s working perfectly unlike so many other crypto Testnets that have turned out to be a complete disaster.

Let’s start with the basics. Beam is a blockchain project that aims to be perfectly private and scalable. For this, it relies on its very own blockchain, and in a new protocol called Mimblewimble. This technology allows for many features that are unique in the cryptocurrency world, and it just makes the new Testnet launch more exciting.

The whole point with Beam is to have a digital asset in which you have full control over your very own privacy because every single transaction is private by default. It means that the blockchain’s ledger keeps track of every transaction in the network (which is the hallmark of any blockchain technology), but in Beam’s case, no addresses or other private pieces of information are kept by the ledger, thus making you invisible as a user.

Another interesting feature of this project is the compact size of its blockchain. This enables excellent scalability in terms of blockchain size.

It’s a very young project as it came online only last March. But it came out stepping strong, issuing a set of milestones that were set to be accomplished very quickly, and they’ve been delivered on time.

The first step was the internal POC, which would feature a fully functional node and CLI wallet. The next step was scheduled for this month. It was to be the Testnet 1.0 release and the graphical wallet and, once again, it was delivered on time.

The next milestone is the Main Net full launch next December and, if things keep going as they have so far, we have no doubt it will be successful.

This kind of performance is remarkable. Even Tron or EOS was not able to launch a Testnet as quickly as Beam, and, while Tron’s was a success, EOS’ was a disaster (it works now, but it had to overcome several difficulties along the way).

As things stand right now, Beam has this to offer you, according to its project GitHub roadmap: The current wallet is functional and fully supports confidential transactions. It can generate and store encryption keys, so transactions remain entirely private.

The Equihash miner’s computation difficulty is being adjusted periodically to avoid inflationary pressure and to keep the network stable. The wallet is supported in Windows, Mac, and Linux. Batch Bulletproofs are working fine (this means that zero range proofs are currently perfectly efficient). You have a secure BBS system to enable offline transactions. And those are just the essential features.

We encourage you to keep yourself informed about Beam’s news because it’s one of the most exciting new projects in the cryptosphere. GlobalCoinReport will, of course, keep you updated on any new development about this and many other exciting projects!

To learn more about the project, visit www.beam-mw.com or join the Telegram group at t.me/BeamPrivacy.

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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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How to Turn the Upcoming Crypto Bull Run to Your Advantage

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Bull runs are back, and as the crypto market sees strong recovery with each passing month — new ones are likely to keep coming in the foreseeable future. With that in mind, there is a lot of profit to be made for those who know how to exploit the current situation. Particularly when it comes to exploiting the future that analysts are almost sure is about to arrive.

It is no secret that many had lost massive amounts of money due to the 2018 crypto winter when bears were roaming the crypto space, and prices were constantly in the red. Bitcoin itself dropped from $20,000 to $3,100 within a single year.

Now, however, BTC is back on track, climbing from $3,200 to its current $8,500. In fact, the largest coin is likely to keep going up, with occasional minor corrections. A similar situation was seen back in 2017, although there are quite a few differences this time. For example, most experienced investors do not trust altcoins and ICOs as much as they used to. These trends were proven to be way too risky, and the chances are that investors will risk losing much more than they might gain.

With that in mind, one of the biggest questions that traders are asking right now is whether or not it is possible to make major profits in the crypto market…

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MGO Token Could Surge After New Payment API Release

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Although February delivered a brief glimmer of hope to crypto traders after BTC surged above 4,000, the euphoria was short-lived.  It appears as though the bear is here to stay for at least the foreseeable future.  Despite the challenging times, there are projects that continue to deliver in the face of adversity.  One very promising company that I have covered before is MobileGo (MGO).

Introduction to MGO Token

MGO is a smart token that could usher in a new era in the gaming industry.  The token’s purpose is to gamify the eSport platform and incentivize gamers for loyalty and participating through rewards.  The team at MobileGo continues to work on establishing strategic partnerships and alliances (such as with Xsolla), expanding its global reach, and making games available to everyone around the world.

The token has several inherent benefits.  For gamers, it will help facilitate peer-to-peer match play and decentralized tournaments, serving both as a match reward and an entrance fee.  Additionally, MGO token owners will have an opportunity to generate additional discounts good toward purchasing in-game content.

Game publishers and developers will also reap the benefits of the MGO token.  Game publishers have the option to be paid in MGO, which has several major advantages of traditional FIAT, including the speed of processing payment requests.

Team Just Released a New Payment API for Developers

One of the things…

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Lost Money When BTC Plunged? Here is How I Earned Back!

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Bitcoin has keep downtrend for 13 months since the last bullish market in December 2017. Price has found support at the $3,600 area, though, and a pullback is taking place. Speculators, who want to make great profits on the BTC investment in a short period, have their funds locked up in the BTC spot market.

Investors worldwide are increasingly opting for BTC futures contract. Compared to the spot market, BTC futures trading can be an advantage for investors since it is a fast and cost-effective way to hedge BTC spot trades. With the price of BTC fluctuates repeatedly, BTC futures trading is much better for investors to profit from the price movements. And the leverage also allows investors to control a large contract value with a relatively small amount of BTC hold.

How to Trade Bitcoin Futures Perpetual Contract in Bexplus?

Bexplus is a promising Bitcoin futures exchange, providing BTC, ETH and LTC perpetual futures with up to 100x leverage. Different from the weekly or quarterly cycle which has expiration, perpetual futures enables traders to end the contract anytime at any price they want. And they can trade both sides of the market, i.e. getting long when they predict the BTC may rise or going short assuming the price may come down in short or medium-term in the future. 100x leverage can seem risky, but when used properly…

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