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Centrality (CENNZ): Surging Without Warning

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The world of blockchain technology is a fascinating one, with newer use-cases being introduced on a regular basis. There is a growing shift in focus from the currency side of cryptocurrencies of its blockchain technology, as developers are unlocking newer possibilities with blockchain integration. Amongst all such blockchain projects, New Zealand based Centrality is starting to catch the eye. Centrality aims to create a solid marketplace infrastructure specially catering to decentralized apps.

The team emphasizes that their technology will provide the necessary building blocks required to develop a full-scale blockchain based services rounded off by a consumer-friendly experience. While all of these pointers seem very enticing, Centrality seems to back it up with their recent announcements and technological upgrades. The network has amassed more than 400,000 users with a revenue generation of $12 million. At the time of writing, Centrality was valued at $0.188228 USD and ranked 70 according to coinmarketcap. The price spiked from $0.109186 (high) on June 20th straight to $0.183484 the next day.

Recent technological Developments

Centrality, the parent company is regarded as one of the leading blockchain ventures in recent times. It has an experienced and skilled team spread globally in locations like Melbourne, Auckland, London, and Singapore. The project is backed up by a global network of investors and driven by a strong vision. After completing a very successful ICO event back in January, Centrality has yet to experience widespread adoption. With a total supply of 1.2 Billion CNNZ Tokens, Centrality is expanding even through a bearish market. There are several reasons for this, with technological improvements being the main reason.

  1. Centrality Ventures Innovation Hub: Centrality always stressed on the need of highlighting blockchain to create a new type of economic model. This involves helping other projects to succeed within the blockchain ecosystem. On June 13th it was announced that Centrality was introducing a fully immersive blockchain incubator aimed to assist projects within a blockchain ecosystem. The innovation hub, which sits within the Centrality Ventures, aims to attract like-minded innovators and subsequently leverage Centrality’s global resources for dApp development. According to the CEO Aaron McDonald, “Our idea is to have 1,000 zebras, not just one unicorn. We want to create a stampede of businesses that are creating new innovation in the decentralized marketplace”
  2. Amazon Cloud Partner: One of the main hurdles in Centrality’s path to widespread adoption is a lack of exchange. Centrality is relatively new compared to other projects, and the CNNZ tokens are still considered best for speculative trading with hype as the driving factor behind it. In this case, partnerships are very important as it adds major value to the company’s vision. On June 21st the Centrality team announced that they had become an Amazon Cloud Technology partner.  This is a major step forward for any cryptocurrencies, as many have started forming partnerships with leading cloud-based service providers.
  3. Upcoming Centrality dApp Marketplace: According to CEO Aaron McDonald, the Centra team has huge plans for the upcoming dApp marketplace which they are working on. Probably the highlight of this release will be “Centra Pay”. CentraPay is expected to act like a payment processor for the Central ecosystem, quite similar to Apply Pay. It is reported that the team is on working on integrating it with other POS systems as well as with Instagram.

Centrality’s Recent Market Performance:

One of the main reasons Centrality has caught the investor’s eye this week is its unusual price performance. Even though the overall cryptocurrency market is appearing bearish, Centrality is one of the few projects that stand out.  At the time of writing, (June 22nd), the token’s value rose to about $0.19, which is 79% over the last 24 hours. The CNNZ tokens are trading around the 2,400 Satoshi mark, which is less than the 5000 peak Satoshi levels.  For a project with a niche market, it has become one of the fastest growing assets in that category.

Final Thoughts:

The market is flooded with several blockchain projects which lack real transparency or a working product/use case. However, there are many projects which can be considered as “hidden gems” by investors. Centrality is one of the very few projects of its type which is backed up by a substance in regards to the dev team as well as other technological advancements. With a highly experienced team spread globally, Centrality is a coin to watch out for in the coming weeks.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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DEXes
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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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