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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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