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EOS could get a Coinbase listing soon, here are five reasons why

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The EOS cryptocurrency and project are the talk of the town in cryptoville for all kinds of reasons. They have some important events coming up, the price is currently low and, also, it has some enthusiastic fans who claim it’s more scalable compared to Ethereum and some very serious detractors who just call it a scam.

Nevertheless, their capitalization remains beyond $11 billion ($12.84 is the currency’s current price per token; increased in value by 16% within just 24 hours as I write this article), and they’re just about to launch their new Main Net. EOS is rising in popularity, and it would be a rookie’s mistake just to ignore that. EOS could even get listed in Coinbase sooner rather than later for several different reasons. Let’s explore them.

1. EOS’ EOSIO new MainNet is just around the corner

Something of the kind has been happening with Tron’s TRX as well since they are also about to release their new Main Net. Both coins’ prices are going up as users, investors and enthusiasts look forward to seeing how great their own independent blockchains and networks will be.

EOSIO goes live coming June 1st. In the words of the organization behind EOS, this new MainNet will be a platform in which,

 “entrepreneurs interested in building their own blockchain can fork (the) repository and customize it for their own use.”

It will also allow programmers to develop decentralized apps at their leisure. If EOS can really attract a solid community of developers (not an easy feat since Tron is trying to do the same thing exactly), then its popularity and market price can go as far as you can possibly imagine. Even beyond.

2. EOS’ first corporate app is already deployed and working

On May 15th, Synacor (a personalized media company based in Buffalo, NY) presented their new email platform, called Zimbra X. It will be an upgrade for their current email platform called Zimbra, and it’s the premier enterprise application being developed on the EOSIO. This is a huge deal! Zimbra currently has more than half a million users (which will now become EOSIO users in just one go, even if they’ll probably never know). This is a prestigious service, on top of everything, Amnesty International hosts its email with them.

Synacor’s Senior VP of Platform Products, Mr. Erynn Petersen explained that,

“EOSIO’s scalable high performance allows mainstream consumer products to leverage blockchain capabilities. We expect EOSIO to continue to emerge as a leading blockchain operating system.”

That kind of support given by such a big firm at a stage in which EOSIO is not even online yet can only encourage other firms to take this blockchain project seriously and find out what it can do for them.

3. EOS is among the list of top 5 cryptos

It used to be Litecoin. Not anymore. EOS is fifth now. Coinbase carries four among the top six coins, and as relatively new currencies as EOS and Tron are becoming undeniably relevant, they are looking to include new coins this year. EOS is very popular, and its current circulation is worth 877 million dollars. Ignoring those two simple facts wouldn’t be Brian Armstrong’s people best move.

There’s one other thing. Coinbase wants increased trade and EOS is still cheap (some would say undervalued). Adding a cheap crypto coin that is additionally among the world’s top five can only increase the trading volume (read profits).

4. EOS could become more scalable compared to Ethereum

The technology behind the EOS new Main Net is called Graphene. It’s good from ten to a hundred thousand transactions in each second and can take advantage of parallelization to bring that number up to the millions. 

That gives EOS a huge competitive advantage over Ethereum and makes it the only (the possible exception being Tron when they launch their own new Main Net) blockchain network capable of running commercial-scale decentralized applications at the production stage. If you’re wondering why scalability matters, think about this: scalability is longevity and long-term viability. Even Coinbase takes scalability into account.

5. Coinbase gets ready to grow

Coinbase expanded to Chicago last week. There are two things they want more of: investors and talent. They plan to get thirty new faces into the company before this year’s end and a hundred in the next three. Coinbase knows it’s the leader. It takes that seriously, and it wants to preserve it. And the only way they can keep that up is to include the coins that most people want to own or trade. EOS is one of them.

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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.

Image courtesy of Pxhere.com

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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

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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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