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Einsteinium: A Transparent Blockchain Solution for Scientific Research and Fundraising

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Einsteinium
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Despite all the speculations and criticism, cryptocurrency has become one of the most talked-about topics in the recent times, and this is evident from its widespread application in various fields. Given the decentralized nature of these virtual coins, which guarantee anonymity and faster transactions, cryptocurrencies can be exploited for illicit activities. While people are divided in their opinions regarding the status of cryptocurrencies, the market has witnessed a tremendous surge in digital currencies. Among the most ambitious crypto projects in the present time, Einsteinium stands out for its unique approach and philanthropic goals, which include raising money for scientific research, education, as well as other blockchain-based projects. Besides crowdfunding for scientific research, this Bitcoin-knockoff aims to provide an improved model for taxation.

Some Benefits of Investing in Einsteinium

Just like Bitcoin, EMC2 runs on a proof-of-work protocol, wherein the mining of this currency requires solving complex equations and puzzles.  With the supply of EMC2 capped at 245,000,000, the cryptocurrency is a finite digital asset.

Looking at its market response, the currency has gained great momentum in the cryptocurrency recently. If you are wondering whether or not the currency is a good investment, here are some beneficial aspects of the currency that will help you rethink your options.

  1. As a transparent blockchain project, Einsteinium enables users to track their transaction details. With the growing demands of anonymous financial assets, this feature can be a turn-off for many. But then, the risks of funds being misused can be reduced to a great extent.
  2. As evident from the trends, the tight security and advanced privacy features are the need of the hour. But a little transparency can go a long way in building a better user-engagement and going by the philanthropic inclinations, such a transparent blockchain solution encourages people to improve their involvement in the network.
  3. Talking in terms of politics, many political organizations are unfair and fund their choices for public office. Deploying an open-source and transparent platform can democratize the process, assuring citizens that the leaders have been fairly selected.
  4. Apart from incentivising philanthropic and political associations, it facilitates smooth adoption for conservative operations since the blockchain has the ability to work in compliance with the universal laws pertaining to KYC and AML.

Although EMC2 was first developed for philanthropic applications, especially raising funds for scientific research, the currency has evolved over the years to become a promising financial asset.

What Has Einsteinium Been Doing These Days?

Operational since 2014, EMC2 has rapidly grown to become a formidable altcoin in the crypto space. With developers working on updating the mining algorithm, the platform anticipates making it ASIC resistant and more decentralized. This means users can expect greater transaction speed and a lightning fast network in the following months. Tracing the developments on the blockchain, mention can be made of a number of notable events. To begin with, the blockchain has appointed Alexander Lucaci as the director of scientific affairs recently. Besides this, EMC2 has also been listed on important exchanges like CoinMonkey and Xchange.me. The Einsteinium roadmap reveals the project is planning a huge expansion of the coin and its services.

Einsteinium and the Market

Introduced back in 2014, EMC2 was invisible for the greater part of the last few years, but it has managed to create a big momentum, rising up by 1800% against the dollar during a year’s time. Although the currency hasn’t performed well in past few weeks, it is making a comeback with positive price movements. The drop in the value, which can be associated with the last month’s steady market crash, is in check.

Traded down 13% against the dollar in the last 24 hours, EMC2 is available to traders at $0.160346 at the time of writing. Although the coin is trading in the red, the trading volume of the coin soared to reach $673,496. Ranking 225 as of 11th June 2018, Einsteinium’s market capitalization is tantamount to $34,808,742.

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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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…

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Top 3 Coins to Buy Before They Go Big

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coins
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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…

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