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Here Are 2 Revolutionary Decentralized Applications To Be Built On The Zilliqa (ZIL) Platform

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Zilliqa
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As the crypto market continues to try and find a footing in terms of stability, the team at Zilliqa (ZIL) are continually making progress with respect to on-boarding teams for Decentralized Applications on the future MainNet that will be launched on the third quarter of this year.

In the communication via the official Telegram Channel of the Zilliqa project, two Decentralized Applications will be created on the platform.

They are:

  1. Spokkz – www.spokkz.com
  2. Bolt – http://bolt-token.global

The first DApp, Spokkz, is a community-driven film and TV blockchain ecosystem that is an initiative of Spuul. Users will be able to view, vote, fund and support their favorite media projects in a decentralized system and marketplace. This way, no one network has sole authority over airing a media production or even canceling it. We are all aware of instances where networks have canceled shows much to the protest of loyal viewers.

The project aims at cutting the monopoly of the large studios and associated middlemen who impose their will on the viewers. The concept is based on crowdfunding, as earlier mentioned, where viewers will join producers, content creators, distributors, stars and advertisers as equal shareholders.

The second DApp, Bolt, also aims at cutting out the middlemen that mark up the cost of having media content accessible to the end user. Bolt will be an Open Entertainment Economy. BOLT users will trade tokens with other users and content providers in exchange for content and other services such as data and education resources.

The Zilliqa MainNet will be ideal for such projects since the platform is scalable, secure and revolutionary through the use of the easy to use Scilla Programming language. The current version of the TestNet has impressed by handling up to 2,488 transactions per second using 6 shards and 3,600 Nodes. This speed will be ideal for handling decentralized media content.

The team at Zilliqa is currently preparing the release of the next version of the Testnet with the current roadmap still on course to release the MainNet in the third quarter of this year.

With respect to the price of the token in the crypto markets, the token has been affected by the momentary turmoil due to the events of the Coinrail hack and 4 exchanges being investigated by US Authorities. ZIL is currently trading at $0.086 and down 12% in 24 hours. However, the mood and feel are that the current conditions are only temporary and will only last for a few more days.

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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.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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