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ERC20 Tokens to Look Out for in 2018: EOS, TRX, VEN, IOST and BTM

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ERC20
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ERC20 tokens are instances of smart contracts that operate on the Ethereum blockchain. The abbreviation of Ethereum Request for Comments is ERC and 20 is the unique proposal ID number. The term ERC20 actually defines the rules that Ethereum tokens have to follow, that is, it helps the developers to understand how the new tokens will fare in the larger Ethereum system. As all the ERC20 tokens have to follow a set of rules, the developers do not need to redo their project once a new token is released. In fact, these tokens are designed to accommodate the newly released tokens.

The ERC20 specifies six different functions that include the process by which the tokens are transferred and the way the users can access information regarding a particular token. ERC20 also gives two dissimilar signals to a token and they do not match the signals of other tokens. One advantage is that the wallets that support ETH will also support the ERC20 compatible tokens. The ERC20 tokens like any cryptocurrency can be sent and received and have real value. The difference is that these tokens are hosted by Ethereum addresses and the transactions are done with the help of Ethereum transactions. Therefore, the receiving address for the ERC20 assets is the same as the Ethereum address.

ERC20 Tokens one should hold onto in 2018

  • EOS (EOS)

The developers of EOS are focused on making the ERC20 token more accessible to the traders. The introduction of Dawn 3.0 to solve scalability issues and inter-blockchain communication will make the coin more and more popular among the investors. With inter-blockchain communication now the users do not have to go through the whole block when processing transactions. EOS getting listed on ZebPay and the partnership with WAX (Worldwide Asset Exchange) are interesting developments that have helped EOS to progress on the green line. The recent adventures of EOS have successfully raised the rank of EOS on coinmarketcap.com to the 5th position. At the time of writing, the price of EOS is $14.23 USD (4.53%) and the market cap has crossed $11 billion USD. (As of 25th April 2018. It seems that EOS is on a bullish run in the second quarter of this year.

  • Tron (TRX)

Tron has gained immense popularity among the investors with its partnerships, collaborations, and eagerness to find a solution to internet censorship, and security issues in the entertainment ecosystem. The Tron network eliminates the intermediaries by allowing the users to have the fundamental ownership of data and content related to the entertainment industry. Also, Tron is going to launch its own Mainnet and will stop being an ERC20 token. According to the founder of Tron, Justin Sun, the Tron network will focus on solving the challenges faced by the Ethereum blockchain. Other factors for holding onto Tron (TRX) include its partnership with the gaming giant BitGuild and its well-planned out Roadmap. At the time of writing, according to coinmarketcap.com, the market cap is over $4 billion USD and the price is approximately $0.06 USD (4.25%).

  • VeChain (VEN)

The upcoming launch of VeChain’s own Mainnet and its partnership with AssetLink and Shanghai eGrid Consulting Co. LTD are most likely to draw the attention of the traders/investors. The decision made by the VeChain team to award the users the rights to own Authority Masternodes will also attract investors. VeChainThor, the full node that is supported by Authority Masternodes will generate blocks and will provide an extra layer of security to the produced blocks. According to coinmarketcap.com, VeChain stands at the 16th position and its market cap shows approximately $1,989,248,563 USD. (As of 25th April 2018)

  • IOStoken (IOST)

The developers of IOStoken introduced proof-of-believability that is considered to save more energy than the proof-of-work or proof-of-stake algorithm. The aim of the project is to develop on the scalability front and take blockchain technology to the mass. ‘Hyper Universe Distributed Systems’ and ‘Efficient Distributed Sharding’ along with proof-of-believability enhance the process of online hosting of services. Another unique feature of IOStoken that captures the investors’ attention is the concept of ‘Servi’ that can determine how much a user contributed. The ‘Servi’ tokens are non-tradable, self-destructive and self-issued. IOStoken has already been listed on popular cryptocurrency exchanges like Binance and Bitfinex. Currently, according to coinmarketcap.com, this ERC20 token is ranked at 56 and the market cap is approximately $397,422,480 USD. (As of 25th April 2018)

  • Bytom (BTM)

Bytom was developed with the objective of making atomic assets, dividends and bonds registered and exchangeable through a contract supported operation. Bytom offers the users to separate their transaction signature from the rest of the data to make the process more secure. Bytom’s contribution in China includes cross-chain asset distribution, developing proof of work consensus mechanism that differs from that of Bitcoin, and providing solutions like high-speed algorithm to reduce wastage of resources. The proof of work of Bytom will allow AI to enhance the mining process of Bytom. According to coinmarketcap.com, the market cap of Bytom is approximately $902,870,094 USD and ranks 29. (As of 25th April 2018)

All the above-mentioned ERC20 tokens are considered to have a bright future due to their well-written whitepaper and unique features. At the moment, when most of the cryptocurrencies are struggling to remain green after the drop in the first quarter of 2018, it is best to buy these tokens with a promising future and holding onto them. Trading them in future will probably see higher returns.

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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.

Image courtesy of Damian Morys via Flickr

Altcoins

A matter of time before TRON (TRX) achieves mass adoption

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Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.

The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.

The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a  fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).

It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.

How TRON (TRX) is Making Mass Adoption a Reality

The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global…

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Altcoins

Hyperion-Stellar Partnership Finalized — Support For Stellar’s Crypto Assets Trade About To Arrive

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Hyperion and Stellar: A new partnership

According to a recent announcement by Global Blockchain Technologies Corp., it would seem that the known crypto exchange Hyperion has finally made an agreement with Stellar (XLM). The new partnership is to allow Stellar’s own crypto assets to be traded on Hyperion’s platform. This move is expected to significantly impact Stellar’s price and spread awareness of the coin and its goal even further.

Hyperion uses an alternative trading system (ATS), which was licensed by the SEC. As a part of this arrangement, previously attained via investment in DBOT (Delaware Board of Trade), Hyperion has permission to also operate as a broker-dealer. It is also expected to become North America’s first advanced security token exchange.

As many are already aware of, Stellar is a trading protocol that is used for issuing, exchanging, and transferring digital assets. It works with several other cryptocurrencies, but also with fiat currencies like the USD. Additionally, Stellar also works even with some commodity assets, like gold.

Stellar’s goal is similar to that of Ripple, at least when it comes to enabling faster and better cross-border transactions. While Ripple focuses on providing its services to banks and financial institutions, Stellar aims to provide these services to individual investors. Thanks to this, Stellar has received a lot of attention and praise from individual investors, as the general interest in cryptocurrencies grew.

Why is this partnership important?

By joining Hyperion’s…

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Bitcoin

Bitcoin Volume Improves — Is A New Bull Run About To Start?

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Bitcoin volume
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After more than half a year of price drops and losses in value, Bitcoin’s price has finally demonstrated signs of stability. For weeks, Bitcoin managed to remain above the price of $6,550 per coin, which was followed by a small price surge that has allowed the coin to reach $6,600.

Not only that, but Bitcoin’s volume also saw a 12% increase that has taken it from $3.2 billion to $3.6 billion according to CoinMarketCap. While this state of the market did not include all the altcoins, with some of them even experiencing losses, the situation regarding Bitcoin did look promising.

However, the new situation has changed that, as both investors and analysts woke up to the news of crypto prices going down.

Bitcoin volume predictions

Cryptocurrency analysts around the world have been predicting that the recently-balanced situation regarding Bitcoin and many altcoins will not last. While some believed that Bitcoin volume will go up, others have been claiming that it will drop once again, as it has finally happened.

At the moment, Bitcoin has managed to drop below what was recently believed to be its bottom, with a new price being at $6,297. Instead of reaching milestones such as $6,800, and then $7,000 mark as many have hoped, BTC actually dropped by around 6%.

For a while, Bitcoin has been showing signs that it is ready to grow once more. However, the trouble once again lies with the…

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