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

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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