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The Future of EOS (EOS) Looks Bright, Here’s Why

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Depending on how informed you are when it comes to following new developments in the world of cryptos, you may or may not have already heard of EOS. This is young crypto that has an open-source infrastructure and so much potential that many of the most magnificent cryptos in the world feel threatened by it. Let’s find out why.

Strong team, stronger support

Before all else, we should start talking about this project’s team first. This is only natural, considering that its platform has yet to be launched, and before we can see what it can indeed do, we can just measure its potential by exploring its backers and developers.

First of all, EOS was created and developed by Block.one. This company works as a foundation with a goal of providing an open-source software that would be autonomous, and it can do so by collecting money. Its CEO is an entrepreneur, Brendan Blumer, while its CTO is Daniel Larimer, another entrepreneur who is already well-known when it comes to his technical skills. His experience can be confirmed by taking a look at how Steemit and Bitshares are doing since both were designed by him.

As if that is not enough, the team also includes Bithump’s former CEO, Richard Jung. Additionally, the firm established partnerships with some of the richest people in the world – Eric Schmidt and Mike Novogratz. With such an assembly backing the claims that EOS is going to be a complete game changer, how can you not have trust in it? None of these people need money which would inspire them to trick already careful and sometimes even paranoid investors. What they are doing is legit.

It is all about decentralization

Daniel Larimer understands the importance of decentralization, and that can easily be seen from the nature of his previous two projects. Both Steemit and Bitshares are decentralized, with Bitshares being a decentralized exchange, and Steemit being a decentralized blog, or social network, however, you wish to see it.

Now, he continues his fight for decentralization, and EOS is going to be his next big decentralized project. It is an entire operating system, and it will allow its users to create and host rather specific networks.

It is important to understand the potential that a decentralized network can bring since all of the payment processes and social media are aiming at using them. There were speculations that Ethereum’s network might be the one to host them, but at this point, with its speeds, it is simply not going to happen. EOS developers recognize this need, which is why EOS’s network will be the place where the future is going to call home.

The tech behind EOS

As mentioned previously, the team behind EOS understands the needs of the online users. Because of that, they are implementing a lot of things that are and will be needed. We are not talking about a couple of improvements here, but instead, it is an entire futuristic setup, which means that EOS plans to stay for a while.

It will provide DPOS (Delegated Proof of Stake), which is another Dan’s creation. Then, users will have the chance to use names instead of addresses while creating their account, which will eliminate the need to remember long addresses which can, at times, be completely unreadable.

Another new feature will include roles and permissions, which will allow for pretty much anything when it comes to sharing data. You, as a user, will be able to decide who has access to data that you store on the blockchain, who can have an influence over it, and so on.

Additionally, the EOS whitepaper also mentioned sandboxing. According to the whitepaper, when an app starts acting unusually, the account’s code can be replaced without hard fork being performed on the entire blockchain. This is something like freezing the said account. A lot more is mentioned by the whitepaper, but apparently, some very big changes are coming with EOS.

Dutch auctions

Finally, let’s also mention the transparency. To allow anyone to enjoy the participation in EOS ICO, the team distributed their coins during 341 days. A lot of people believed to be an act that indicates a scam, designed to trick investors and get away with a few million.

The result of the decision to make this kind of ICO is a lot of money. According to some estimations, the team might end up with anything from $2.3 billion to $8 billion or even more. It definitely marks one of the most successful ICOs in history.

So yes, with all that (and more) going on for EOS, even before the platform was launched, it is definitely a smart investment. Eventually, it might be seen as one of the most significant steps towards utterly decentralized society.

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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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We know what the Institutions are saying, but what are they doing?

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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

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Why Is Coinbase Stalling With XRP?

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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

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Why 2019 Will Be A Big Year For Crypto

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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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