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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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