Connect with us
[headerads]

Altcoins

Encrypgen (DNA) Nearing Another Major Milestone

Published

on

Encrypgen
READ LATER - DOWNLOAD THIS POST AS PDF

Despite a short-lived Bitcoin surge above 4,000, the past few weeks and months have been a relatively quiet period in cryptocurrency.  Given the lack of trading opportunities, traders should devote more of their time to researching strong companies that are on the verge of transforming industries.  One such company is Encrypgen (DNA).

Encrypgen Value Proposition

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data.  This extra security provided by Encrypgen is extremely necessary given all the recent privacy issues that 23andMe and Ancestry have had.  So rather than hand over control of your DNA to a testing company like 23andMe, consumers can safely upload and secure their raw data file with Encrypgen’s Gene-Chain.

The Gene-Chain went live late last year and has been a raging success thus far.  With each passing day, additional data sets are being uploaded to the Gene-Chain.  Once uploaded, researchers can purchase the data directly from consumers (with the consent of the consumer of course)!

Gene-Chain Emerges

Although many crypto companies have disappointed token holders during the past year, Encrypgen has done just the opposite.  The company has done what no other company in its industry has and that is launch the world’s first genomic data marketplace.  Since that announcement late last year, Encrypgen has continued to announce exciting news and major partnerships that will lead to increased usage of the Gene-Chain.

Impressive Partnerships

The first of those partnerships was announced in late 2018 with Murrieta Genomics.  The second partnership was announced in early 2019 with viazoi.  The partnership with viazoi is especially exciting as it will do a lot toward increasing the amount of data sets on the Gene-Chain.  As the number of data sets increase, so too should the token price as researchers will be eagerly waiting to buy more data.

Given all the success that Encrypgen is having while so many other crypto companies are struggling in the current environment should give DNA token holders a lot of confidence.  And that confidence will be bolstered even further as the company is nearing another major milestone.

Encrypgen Nearly Finished With ERC20 Integration

The initial premise of the Gene-Chain was that researchers would be able to buy DNA tokens directly on the platform in order to purchase genomic data.  In order for that to happen, Encrypgen had to complete ERC20 integration.  For those that don’t know, ERC20 essentially defines a common list of rules for all Ethereum tokens to follow.  This ensures that Ethereum tokens of different types will work the same in any place within the Ethereum system.

The plan is for researchers to have two options in order to buy DNA tokens.  The first, and primary option, is for researchers to purchase DNA tokens directly on the Gene-Chain for a small markup in token price.  The markup would essentially allow Encrypgen to generate extra revenue in order to fund operations.  The company would then go to the exchanges in order to “re-fill” its supply of DNA tokens.  The second option is for researchers to purchase DNA tokens directly on the exchanges.  The most viable option for that to occur was on Cryptopia but because of the recent exchange hack, that has had a bit of a delay.  But, the good news, is that it looks like Cryptopia is getting closer to re-opening.

Conclusion

Although many companies have disappointed the market during the past year, it’s nice to see Encrypgen continue to make solid progress on its roadmap, just as it promised token holders.  DNA is one utility token to keep an eye on as the future looks extremely bright!

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 Tim Green via Flickr

Altcoins

Is there a Real Value to Binance Coin (BNB)?

Published

on

Binance Coin
READ LATER - DOWNLOAD THIS POST AS PDF

Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

Continue Reading

Altcoins

Top 3 Reasons To HODL Binance Coin (BNB)

Published

on

Binance Coin
READ LATER - DOWNLOAD THIS POST AS PDF

After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

Continue Reading

Altcoins

Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

Published

on

Binance DEX
READ LATER - DOWNLOAD THIS POST AS PDF

At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

Continue Reading

Elite