Connect with us

Blogs

Here Is How Ethereum Classic (ETC) Will Edge out Ethereum and Become the next Bitcoin (BTC)

Published

on

Ethereum Classic
READ LATER - DOWNLOAD THIS POST AS PDF

What do you do when you have a disagreement in the crypto community and on the blockchain? You implement a hard fork so that each side of the argument can agree to disagree and walk away still best of buds. This is what happened between Ethereum (ETH) and Ethereum Classic (ETC). Once upon a time, they were one big happy family. But due to the DOA hack in June 2016, one section of the Ethereum community decided to reverse the transactions that led to the hack. The other side decided to stick to their guns that transactions on any blockchain are immutable aka irreversible. The latter community embraced the cryptocurrency known as Ethereum Classic (ETC).

By now, we understand why they decided to call it Classic. This is also the reason Ethereum Classic (ETC) will edge out Ethereum (ETH) and become the next Bitcoin (BTC). The simple fact that the ETC blockchain has not been altered by reversing transactions, makes it the original Ethereum and a possible reason why many investors will flock to the digital asset to buy and store it. Perhaps their motivation would be for collector purposes the same way we collect original baseball cards. Perhaps it is a devotion to the code of honor that transactions on the blockchain are immutable. Whatever the case, ETC will slowly but surely be the digital asset to have in the future.

This aspect of it being a diamond dozen has been noted by the team at Coinbase who was quick to add it on their platform way ahead of the fan favorites of XRP (XRP), Stellar (XLM) and Tron (TRX). The guys at Coinbase have this unique way of selecting digital assets. They first look at whether the digital asset is decentralized enough. The second way – although unofficial – is they look if the SEC has given the digital asset the pass in terms of declaring that it is not a security. We all remember Coinbase added ETC as soon as the SEC declared Ethereum was not a security.

In conclusion, and as earlier mentioned, the Ethereum Classic (ETC) blockchain is the unaltered version of the Ethereum blockchain. Therefore, the ETC community also adheres to total decentralization through transparency and mutual reputation. What this then means, is that there are no backroom deals. This is something similar to what is found on the Bitcoin platform and community. As a result, ETC will continue to be viewed as the next BTC and possibly rise in value in the crypto markets past Ethereum (ETH) due to this fact.

For the latest cryptocurrency news, join our Telegram!

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 Martti via Flickr

Altcoins

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

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Elite