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EOS vs IOTA: Which Project To Support?

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EOS vs IOTA

No matter how experienced crypto investors are, they always have to tackle the same issue  — whether they are a novice or a professional. The problem, of course, is which coin to invest their money into.

Despite the fact that 2018 has been almost constantly bearish, and that numerous cryptocurrencies have suffered great losses, a lot of them managed to achieve great things. This has brought them to the attention to investors, which is why comparing such coins has become increasingly popular. One such comparison is EOS vs IOTA, which is what we will explore today.

But first — let’s take a look at each of these coins, and see what is it that they have to offer.

EOS

EOS is among the largest crypto projects in the entire industry. It holds the 5th place on CoinMarketCap’s list of largest cryptocurrencies per market cap and has a price of $5.70 per coin. EOS also claims to have the most robust blockchain worldwide. It is a decentralized project that is dedicated to the creation of dApps.

Its network is highly scalable, and the project has gained a lot of popularity this year due to the launch of its MainNet.

Due to its dedication to dApp creation, EOS is often compared to Ethereum. Many believe that this project has a potential to even replace Ethereum. Whether or not this can actually happen is something that we will have to wait and see. However, a lot of experts remain optimistic. Apart from that, EOS remains a coin that offers up to 3,000 transactions per second, which makes it one of the fastest ones around.

IOTA (MIOTA)

Next, we have IOTA. This is a platform dedicated to combining the blockchain technology and Internet of Things. Its goal is to create a new, permissionless ecosystem, where everything will be connected into a single large network. Because of this, many analysts believe that IOTA might be the project that will bring the internet to a next level.

IOTA also seeks to redefine things like value, trust, as well as ownership. According to IOTA Foundation, data can only ever be as valuable as it is valid, which is why IOTA is trying hard to increase transparency, and ensure the truth. Its platform was designed to have zero-fee transactions which would happen in real time.

IOTA is a massive project with a lot of support from its community, but also from some of the largest carmaking companies in the world. Its products are especially interesting to carmakers since they can be used for updating data without the need to do it manually.

The coin is currently ranked as 11th on CoinMarketCap, with a price of $0.562404 per coin.

EOS vs IOTA

Both EOS and IOTA have extremely large importance in the modern crypto world, IOTA’s reach goes even beyond, with the project having a lot of significant use cases in the real world. By connecting IoT devices into a single large network, IOTA and its project Tangle may completely change the way we interact with the world, and devices around us.

EOS also has a significant impact on the future thanks to its ability to allow dApp creation. As blockchain technology and decentralization slowly conquer the market, dApps are becoming more and more popular. There are those who believe that dApps will eventually dominate over regular apps, which will significantly affect things like privacy, information sharing, and alike.

All in all, EOS vs IOTA debate doesn’t really have a clear answer, as both projects are massive and important in their own way. Even so, almost all experts agree on the fact that neither of these projects will quietly disappear since they are both needed in order for us to advance to the next level.

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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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