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DEXON (DXN) – The Ideal Solution for Hosting Enterprise-Level DApps

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With the business landscape becoming more competitive than ever, executives are in an arms race to take their businesses to the next level.  Often, that involves corporate leaders studying the latest and hottest technologies and applying it to their own businesses.  Right now, one of the biggest buzzwords in business is blockchain.  While blockchain has a tremendous amount of potential, it’s not without fault.  DEXON (DXN) is a next-generation distributed ledger technology that attempts to solve the blockchain trilemma: decentralization, security, and scalability.

Background Information

DEXON was launched in 2018 by Popo Chen, the co-founder of 17 Media, and Wei-Ning Huang, a former Senior Engineer at Google Taiwan.  The distributed ledger technology uses cross-cutting, interdisciplinary elements from cryptography, applied mathematics, and computer science theories to improve the well-documented shortcomings of blockchain.

The testnet was released in November 2018 which has since reached 12,000 TPS with fast finality.  Previously, the fastest cryptocurrency was Ripple (XRP) at approximately 1,500 TPS.  The success was extremely impressive, and even more so, now that DEXON’s mainnet launched on April 25, 2019.

DEXON Value Proposition

One of the most important aspects of evaluating new technology is to look at the value added.  Examining the key features and benefits of the technology is a must.  These are a few of the positive features of DEXON:

  • Reliability: High throughput, fast finality, and a high level of network partition tolerance.
  • Fair: Solves miner centralization issues because everyone has an equal chance to propose blocks.
  • Friendly: Provides the most developer-friendly programming languages, such as EVM and SQLVM.

Additionally, there are six key benefits that users should be aware of:

  • Decentralized: VRF-based sortition algorithm is applied to a subset of nodes as block producers.  This allows scalability to thousands of nodes without compromising performance.
  • Fast Finality: Consensus algorithm confirms transactions within 1 second.
  • High Throughput: 10,000+ transactions per second.
  • Low Cost: Efficient algorithm eliminates the need to deal with PoW.  Because of the energy savings, transaction fees will be negligible.
  • Secure: Mathematics have proven the DEXON algorithm to be ultra-secure.  The network cannot be attacked by Byzantine nodes.
  • Unbiased Randomness: For each block in the consensus layer, a completely random seed will be created.

Ideal Solution for Decentralized Applications

Because of DEXON’s ability to improve upon blockchain’s weaknesses, namely decentralization, security, and scalability, this technology serves as the ideal solution for decentralized applications, more popularly known as DApps.

When looking at DEXON’s strengths, it becomes quite apparent which type of applications would benefit from integrating distributed ledger technology into their platforms.  The first that comes to mind is online gaming.  With the U.S. recently approving gambling, there is sure to be a rush of startups hitting the market.  We’ve already seen several Bitcoin-based offshore books, like Nitrogen Sports, flourish.  DEXON’s high throughput and randomness are two of the key features that online books will be looking for.

Another application that would benefit from DEXON’s technology is a digital assets exchange.  With all the hacks that have occurred at exchanges over the past few years, most recently Cryptopia, incorporating technology that is secure, fast, and low cost would seem to be the prudent strategy.  In fact, according to DEXON’s roadmap, a decentralized exchange protocol is slated for release during the 3rd quarter this year.  This will allow anyone to build a decentralized exchange on DEXON.

Conclusion

There is no doubt that blockchain has taken the world by storm.  While the benefits are obvious, the technology still has a long way to go before it goes mainstream.  In the meantime, it’s really encouraging to see promising technology, like DEXON, attempt to make improvements.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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