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.
- 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.
- 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.
- 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.
- 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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
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…
Crypto Billionaire Predicts Massive Price Growth by 2021
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…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
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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