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EOS Progress Put Ethereum (ETH) in Trouble

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The crypto technology continues to develop, and with each passing day, we see new improvements in the younger cryptos. Despite the fact that Bitcoin (BTC) and Ethereum (ETH) are still dominating the market, Ethereum, at least, might soon be replaced by none other than EOS itself.

Will EOS knock down Ethereum?

Ever since Bitcoin first came to be, back in 2009, a lot of cryptocurrencies have emerged, wishing to challenge its dominance. Ethereum was one of them, and it managed to become great in its own way. Considering that BTC was the first crypto, it is easy to see how this coin would make a lot of mistakes while trying to figure everything out.

Ethereum was the one who worked hard to improve itself, and not makes those same mistakes, which allowed it to be the second representative of the crypto world. However, that also made it a target for the new coins, who wanted to become even better than ETH. A lot of them started walking down this path, and EOS has become one of the most successful projects that wish to slay Ethereum, and take its place.

EOS makes significant progress.

EOS has done well for itself this year, and despite some big missteps, the crypto is still here and still fighting. Many coins have suffered from the price drops that occurred at the beginning of the year, including EOS. However, it still managed to spike hard in mid-May. Soon after that, the coin launched its MainNet, after months of testing on the previously launched TestNet.

This is where it encountered some issues, and the MainNet’s start was rough. However, the team responded and fixed the issue within a few hours. However, the situation with its price has not been doing so well lately, and EOS’ value has been dropping continuously for several days now. It currently holds the rank of 5 on CoinMarketCap, with a price of $7.04 per coin.

This is still a significant improvement over NEO, which is EOS’ main rival in taking down ETH and is ranked as 12th, despite the higher price.

The real progress that EOS has managed to make so far is not the launch of the MainNet itself, but what the EOSIO platform can offer. EOS has recognized the needs of its users and has included all kinds of different services. Those include various things like databases, authentication, hosting, accounts, cloud storage, and more.

Additionally, the platform allows the creation of dApps that are as versatile as anything that can come from a centralized server. And not only that, but the number of transactions is also enormous, while the fees are almost non-existent. Through these subtle improvements, EOS has come to the point where most of its competition cannot even hope to keep up with it.

This is why many believe that EOS is the future and that Ethereum’s time is almost at its end.

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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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