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Ethereum, EOS or NEO – What’s the best DApp platform right now?

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There’s not a doubt that Ethereum has been dominating the DApp market for a decent period of time now, and this is something that is supported with stats as it is expected that the second largest cryptocurrency of the market, Ethereum is expected to power 2000 DApps by the end of the year.

However, we need to keep into account that more platforms are built every day to represent a competition for Ethereum, and the same way, to improve the deficiencies that still are present on the platform and that, in this case, leaves an opportunity for other cryptos.

This is a market that continues its growth as each day passes. In fact, this year alone around $14 billion dollars have been collected in 394 ICOs that have been deployed so far (half of them crashed right after four months of their take off), many of which have been constructed through Ethereum’s platform.

But even when a great amount of money has been collected, the value is still not that representational as when we take a closer look, there are not that many DApps out there being recognized and utilized by the masses.

Ethereum still needs to solve certain issues to keep DApp developers on its platform. For instance, scalability, the speed of transactions, and the integration of more common programming languages such as Java or C. In the meanwhile, other platforms rise as a likely option to migrate. NEO and EOS are two top among them.

NEO platform

One of the platforms that are out there and that may be a good option to migrate is NEO, a platform built under Ethereum’s protocols. The NEO platform resolves the matchability problem that Ethereum has when it comes to programming languages, having the option of building a DApp in languages such as C, C++, Java, and JavaScript.

Similarly, it offers an important diversification having two different assets, NEO GAS and NEO Shares, which function as the “fuel” of the blockchain and the governance channel respectively. Finally, when it comes to the Proof-of-Stake mechanism, NEO promotes a non-collaboration of their shareholders on speculation activities, which, of course, represent a great benefit for both the network and the users.

In contrast to this, one could say that NEO has a complex relationship with the Chinese government, and the same way, the costs of developing a DApp are considerably high, going around $6000 dollars.

EOS platform

In the very beginning, EOS started as an ICO built on the Ethereum protocols, which means the token was actually ERC-20 based. However, the platform recently became independent from Ethereum when it built and launched its own blockchain dubbed EOSIO, on June 10.

The platform offers a wide range of services, including cloud storage, and accounts, and additionally has a remarkable speed of transaction that allows the platform to manage a huge number of apps and smart contracts at once.

On the negative side, the platform has been strongly criticized because of the nature of the supply, which is mainly centralized, and the same way, because of the possibilities of the community to act under their ‘constitution’ and deploy unconstitutional decisions at a time.

In fact, Nick Szabo, a famous cryptographer and computer scientist, turned to Twitter and commented,

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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 Maxpixel.net

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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