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EOS Progress Put Ethereum (ETH) in Trouble - Global Coin Report
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EOS Progress Put Ethereum (ETH) in Trouble

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EOS
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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