Connect with us

Blogs

EOS Blockchain Production and Reasons to List EOS on Coinbase

Published

on

EOS blockchain
READ LATER - DOWNLOAD THIS POST AS PDF

The EOS blockchain has been designed to support multiple decentralized applications or dApps and offers all the core functionality. Thus with the help of the EOS blockchain, businesses can develop different blockchain applications just as they develop web-based applications.

LWRC to do EOS Block Production

The online gaming technology section of Leisure & Resorts World Corp. (LWRC) has revealed that they are going to the first block producer of EOS in the Philippines. The features of the EOS platform and its popularity as one of the most traded cryptocurrencies had attracted LWRC. “We chose EOS because the design, technology, and governance of EOS are superior to the other cryptocurrency and address many of the issues the community sees with bitcoin and ethereum,” Gonzales said in an interview. Gonzales feels that EOS has the capacity of conducting over a million transactions per second whereas many other cryptocurrencies are limited within 20,000 per second. Moreover, the EOS system consumes less energy.

In fact, EOS had been developed to be a ‘stable’ cryptocurrency with just a 5% inflation. This means that compared to the other cryptocurrencies, the market of EOS will experience less volatility that will facilitate transactions.

The team of LR Data Center & Solutions Inc. (LR Data) has over a decade experience of working as an international gaming infrastructure operator with Cagayan Economic Zone Authority or Ceza. The objective behind the online gaming technology branch of LRWC to conduct mass block production of EOS is to support the global network and framework of EOS. LR Data, it seems to be is emphasizing that EOS will become a true “retail blockchain.”

As per the words of Enrique Gonzales, LR Data vice chair, “With the launch of EOS Philippines, LR Data is at the forefront of infrastructure provisioning and supporting decentralization and democratization. Financial technology and blockchain are going to be a pillar of our business model moving forward.”

The future disruptive applications may as well use EOS technology. So, in the opinion of Javier Benitez, community head of EOS, this partnership with LWRC and positioning themselves in the Philippines will eventually benefit them.

Reasons to List EOS on Coinbase

  • The upcoming EOSIO Main Net: EOS is also eagerly awaiting the release of its mainnet, EOSIO like Tron. It is slated to be released on 1st June 2018. The EOSIO Main Net will enable the developers and entrepreneurs to build their own blockchain and they will even be able to “fork (the) repository and customize it for their own use.” Once the EOS mainnet has been launched one can only expect the market price of the crypto coin to see a bull run.
  • Confirmation of enterprise application: Even before the launch of EOSIO, Synacor had revealed on 15th May 2018 that it is going to be the first to develop its new email and collaboration platform, Zimbra X on the mainnet of EOS. Synacor’s present platform, Zimbra boasts having over 500 million users and renowned clients such as Amnesty International. In the opinion of the Senior Vice President of Platform Products of Synacor, EOSIO will enable “mainstream consumer products to leverage blockchain capabilities.” Erynn Peterson continues to say that they have many expectations from EOSIO as a leading blockchain operating system. This will encourage many enterprises to follow suit.
  • EOS ranks 5thon coinmarketcap.com:According to coinmarketcap.com, EOS has taken over the 5thposition with a market cap (at the time of writing) of approximately $10,064,808,784 USD. Therefore, if Coinbase is looking for new crypto coins to add to their list, it must go for EOS. Moreover, the current circulating supply of EOS is over 870 million. The price of EOS at the time of writing shows $11.53 USD approximately and the volume (24h) is nearly $1,298,020,000 USD. Adding EOS that has high volume to the list of cryptocurrencies on Coinbase is more likely to increase the trading volume and thus profits.
  • EOS may even outperform Ethereum: The features of EOSIO may even attract more developers and entrepreneurs than the Ethereum platform and it also has the capability to handle more commercial-scale decentralized applications. Graphene technology forms the base of the EOS Main Net and can perform 10,000 to 100,000 transactions per second. In order to avoid scaling issues, the platform will use parallelization to increase the number of transactions conducted per second.

One of the main issues of most of the blockchain projects is currently scalability. Ethereum, EOS, Zilliqa and many other platforms are trying to overcome scalability be it through sharding or technologies like Graphene. The price action of EOS will hopefully experience an uptrend if the proposed scalability solution proves to be profitable. Moreover, the news of EOSIO Main Net launch and LWRC doing block production will have some positive effects on the market.

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite