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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

How Can Foreigners Get Loans in Singapore

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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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