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EOS (EOS) problems are benefiting Tron (TRX) and Cardano (ADA)

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EOS TRON Cardano
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At the time when EOS began its operations in the crypto-market, it was regarded as the platform that would outdo Ethereum. In fact, it was even called “the Ethereum killer” in its ICO times. Both EOS and Ethereum are similar due to the fact that they are platforms that offer the creation and launch of DApps. Right now, the ambition of EOS trying to outdo Ethereum seems not to be achievable due to some factors and issues that surround it at the moment.

Firstly, one of the problems that deter the ambition of EOS is voting. The way EOS handles its voting seems quite complicated for an ordinary voter. The voting process of EOS has dramatically reduced the required percentage need for the launch of its MainNet.

Even though EOS voting is supposed to increase the level of security the platform has, its difficulty has raised more concerns and arguments. It has also introduced negative implications. When comparing the voting process of EOS with other blockchain platforms like Tron (TRX), there is a big difference.

The voting process of Tron (TRX) looks more favorable than EOS. This could impede the value of EOS and also decrease its market position. In the crypto-market, most investors value easiness, and if other platforms like Tron (TRX) are not too complicated, then they may be the most favorable option for them.

Secondly, the issues regarding the MainNet launch of EOS stirred a lot of controversies. The issues from exposed vulnerabilities to crash less than two days after the MainNet went live were the ones encountered on EOS MainNet.

Recent issues regarding EOS platform were the ones that had to do with constitutional crises in which the blockchain producers froze some accounts. The freezing of these accounts occurred at the time when there wasn’t any legal set-up by the block producers, i.e., they didn’t possess any constitutional power to carry out the action officially.

The freezing of accounts made several investors turn elsewhere for a more decentralized apps platform. At the moment, most investors are turning to Tron (TRX) and Cardano (ADA) due to the fact that these two platforms seem more decentralized than EOS after the highlighted issues.

Furthermore, there is the problem of investors who just HODL and do not partake in the voting process; they may lose some of their digital coins in the future as the token is considering blocking accounts that stay inactive for three years. There seem to be many powers at the beckon of EOS producers which delays DApps developers. DApp developers are now turning to Ethereum, Cardano (ADA) and Tron (TRX) to prevent further delays.

EOS is a good platform, but it might lose its place in the crypto-world due to its complications. As it stands now, the chances of dethroning Ethereum looks slim. Ethereum on its own is more decentralized, and it has lots of DApps developers on its platform.

For any investor in the crypto-market, Tron (TRX) and Cardano (ADA) seem to be superior platforms than EOS. Tron on its own is seeking to be the head in terms of decentralization. However, Tron’s CEO, Justin Sun made it clear in an interview with Huobi talk that Tron aims to be the spotlight in the decentralized internet.

On the other hand, Cardano is still working on its aims, but it is slowly doing this to make sure that its platform does not encounter the problems that other blockchain platforms (like EOS) face today.

This is not to say that EOS is not a futuristic platform – it is! Currently, it has a massive community worldwide, and with the money it has accrued so far, it has a good chance to contend and strive in the crypto-market. But the token needs to work tirelessly so that others (like Tron and Cardano) do not succeed in attracting its believers because of disappointment.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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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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