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

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Ethereum Classic
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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.

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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 Martti via Flickr

Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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