Connect with us

Blogs

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

Published

on

Ethereum EOS NEO
READ LATER - DOWNLOAD THIS POST AS PDF

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,

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 Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite