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Can Ethereum Innovations Help ETH Markets Go Back Up?

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Ethereum
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The more cryptocurrency markets are experiencing a dip because of bitcoin, the more FOMO (fear of missing out) is driving investors to buy top-10 crypto. Although Bitcoin has nearly touched the surface of $6000 some experts are indicating further fall in price in the coming days. This scenario is quite different when it comes to Ethereum and other altcoins. It’s safe to say that Ethereum still has a trick up its sleeve to climb markets and give its investors a breather soon. In this article, we shall discuss more how we believe Ethereum could already be on the path towards recovery.

What Is Casper Protocol?

Anyone who knows anything about crypto must know that Ethereum has always been crowned as one of the most significant digital currencies. the primary reason being its innovative technology and its incessant advancements in the blockchain industry. Crypto enthusiasts, as well as crypto experts, believe that Ethereum has made more impact in the industry and is well-rooted into the system that for it to be called just a cryptocurrency would be insufficient. Ethereum is known for its technological advancements, constant updates, reliable and improved ecosystem.

Casper protocol is all but an example of Ethereum’s advancement. The two Ethereum development projects under the name Casper are Casper FFG, a protocol being developed by Vitalik Buterin, Ethereum’s co-founder. The other one is called Casper CBC. Casper one of the latest proof-of-stake protocol which has got everyone in the crypto space talking. Through Casper, validators will be able to stake some of their existing Ether. After encountering a block that needs to be validated they will place their bets and if that block is attached to the chain then the validators will be rewarded according to their bets. This validation system does not contain any loophole according to Ethereum team and it also effectively hinders malicious activities within the system. with all these features, developers at Ethereum say that Casper will surely add to energy efficiency, strengthen economic security and give way to scalability.

Will Ethereum Enter Gaming Via New ERC Standard?

Ethereum ecosystem has always been recognized specifically to be working as a foundation for smart contracts. Smart contracts are actually automated protocols that execute and enforce various types of transactions autonomously. And now Ethereum might be entering the gaming industry with a new token standard. This new token standard has been created by Witek Radomski also known as the Co-founder and CTO of Enjin coin. He has written a medium post regarding the creation of new token standard being called, ERC-1155 on the Ethereum blockchain. According to Witek, new blockchain games require recent Non-fungible ERC tokens such as ERC-71 because it allows each and every unit to be unique collectible item having its own serial number. But that’s impractical and wastage of space if we compare it to the situation where you buy a new PC just to run a different Application. Even so, the reason for its popularity could be related to the huge success of Cryptokitties.

But mainstream games require more advanced token standard, more precisely ERC-1155. According to Witek, using it would mean that a single contract will be sufficient for storing more item while playing mainstream games. Some of its highlighted features are as follows:

  • The amount of data required to differentiate the tokens from others will be kept at a minimum.
  • This contract state would also contain configuration data per token ID.
  • The ERC-1155 has attracted much attention towards it because it will allow the creation of token that makes atomic swaps easier (in just two steps).
  • This new standard would also ease the process of sending any number of items by a user to one or more recipients on the blockchain with just one transaction.
  • Sending to multiple recipients using one transaction would save a good amount of energy and reduce network congestion.
  • Developers can also create a fungible and non-fungible item with the help of this new token standard.
  • To create the token, one does not need to be an expert developer from Enjin program. Almost anyone can create tokens by using ERC-1155 standard since it’s a simple store of data and behaviors that features a GUI for the creation and launch of new tokens.

Current Market Position:

These recent updates and the release of the ERC-1155 standard has positively influenced Ethereum’s markets. At the time of writing the individual price of Ethereum that is ranked as the 2nd largest cryptocurrency of the world is close to $458.20 which is constantly rising at the rate of 1.41%. the total market capitalization of Ethereum according to the latest data on CoinMarketCap is approximately $45.962 billion. Around $4.3 billion ether has exchanged hands within the past 24 hours. As it seems, ETH is trying to recover from past losses and once after it reaches correction we might observe bullish trends.

Conclusion

The ERC-1155 contract has already been released to the Game Development and Ethereum community. most of the community members and Ethereum developers seem to be favoring this innovative token standard on various forums. It is true that people are enthralled by the possibilities and opportunities ERC-1155 standard is proposing but we still need to see it in action to ascertain whether it is worth the hype or not. The only certainty is that it’ll rake in more usability and appreciation for Ethereum ecosystem in the near future.

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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 Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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