Connect with us

Blogs

Coin Watch: NEO Anticipates a Reversal of Trends

Published

on

NEO
READ LATER - DOWNLOAD THIS POST AS PDF

When Ethereum was first released in 2014, it revolutionized decentralized applications with its innovations like smart contracts. But the market has come a long way from its initial days, witnessing a tremendous boom in currencies. Given the faltering state of the crypto market, choosing an investment option has become a neck-breaking job. NEO, which was previously called AntShares, is regulated by smart contracts, but it stands out from other smart contract-based ecosystems in terms of its approaches. As the next-generation cryptocurrency network, it enables users to automate the storage and exchange of financial assets on the blockchain. Widely recognized as “the Chinese Ethereum” or “the one”, NEO can be regarded as the Ethereum killer for its competitive advantages over the ETH.

NEO, the Strongest Cryptocurrency of 2018

Representing the third generation of cryptocurrency, NEO is much more than a decentralized network, as NEO can be looked upon as a smart economy. Although the blockchain resembles Ethereum in many ways, it stands for a link between the real economy and the digital economy. Such a link is difficult to imagine with other forms of digital assets and can initiate great changes in the digital finance world.

To achieve “smart economy” with a distributed network, NEO strategically deploys the blockchain technology and digital identity to digitize financial instruments. As evident from its name, digital assets are programmable financial assets that are present in the form of electronic data. The digitization of these assets is done using the blockchain, wherein users can expect a decentralized, reliable, traceable, and transparent solution. The best part of NEO blockchain is perhaps the fact that users can register, trade, and exchange various kinds of assets, proving the link between digital asset and the physical asset is possible through digital identity.   Besides the digital assets, the blockchain also uses digital identity to create a smart economy. Digital identity refers to the identity of individuals, organizations, and other electronic entities. NEO implements a system based on X.509, which complies with the highest standards of digital identity.

An Inside Look at the Rapidly Expanding NEO Blockchain Network

Although big names like Ethereum are grabbing all the attention from the investors, new smart contract-based cryptocurrency networks are gaining quite a momentum in the market. Ranking 12 by market capitalization, NEO comes with a range of beneficial features. One of the most interesting aspects of NEO that makes it stand out from the rest is the lightning fast transaction speed. While it is executing 1,000 transactions per second, the NEO team anticipates pushing the speed to 10,000 transactions per second. At this rate, the transaction speed can exceed 100,000 transactions per second by 2020.   The expansion plan is not limited to transaction speed only, and the team is working on making the system fully decentralized, besides implementing hyper v-m to upgrade its features.

As a promising cryptocurrency, it always strives to expand its user experience with new innovations. Besides implementing frequent upgrades, the blockchain attempts to stay connected to its users, releasing developments updates and technical reports as and when necessary. An inside look at the developments on the NEO blockchain reveals quite a number of influential updates. From MyWish CEO announcing that NEO crowdsale contracts are ready, Blockchaingamer.net becoming a media partner of NEO blockchain game development to NewEconoLabs hosting NEO game competitions, NEO is lighting things up in the crypto market.

NEO Charts Reveal Signs of a Reversal of Trends

Primarily designed for ICOs and Dapps, NEO also focuses on smart economy solutions, which include digital identity, registration, and asset digitization. Owing to the relentless efforts of the NEO development team and strategic marketing campaigns, NEO has seen a steady rise in the recent times.  While NEO’s reception has been phenomenal in the market, it was not entirely free from volatility. Looking at the price charts of the last few weeks, the bear run has sent currency in a temporary limbo. The most actively traded currency on Bitfinex, NEO has dropped by a striking 3.44% from its earlier position. With a market capitalization of $2,483,734,500, NEO is available for trading at $38.21 as of June 20, 2018. Although bearish sentiments are on the cards, the price charts reveal signs of a reversal. With NEO gearing up with interesting upgrades, the bull is likely to make a comeback in the coming days.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite