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EOS Blockchain Production and Reasons to List EOS on Coinbase

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EOS blockchain
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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.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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