The project and cryptocurrency of Stellar (XLM) have been having a pretty good few weeks in the crypto-verse. There was news that the IBM company aims at utilizing its blockchain to develop a Stable Coin pegged to the USD. The same IBM won a 5-year tender to advise and help research and develop technological advancements in Australia in the industries of blockchain, Artificial Intelligence, and Quantum Computing. This means that the Stellar blockchain will obviously be involved in these projects.
There is also news of Coinbase willing to list XLM on its exchange as well as on adding XLM support on its custody service.
But there are 2 projects that have excited the Stellar (XLM) Community to the point where they will not stop thinking and talking about them.
The transactions per second on the Ternio decentralized blockchain framework are estimated at being over 1 Million. Yes. This project can process 1 Million transactions per second through its one of a kind scalable and decentralized blockchain framework.
According to the project’s whitepaper, Ternio is a blockchain based utility token built to transform and disrupt the $224 Billion digital advertising market through a multifaceted approach. Ternio empowers advertisers to verify spend through each intermediary and gives publishers the assurance and guarantee of being paid on delivery.
Its name – Ternio – means ‘A Series of Three’. Thus representing all 3 aspects of the digital advertising ecosystem: User, Publisher, and Advertiser. With 1 Million tps (transactions per second), this could be one of those projects that will take the crypto-verse by storm.
According to the project’s whitepaper, Mobius integrates the old internet with the new decentralized internet of value. It integrates the blockchain ecosystem into Apps. Its simple public APIs abstract away the underlying complexity of blockchain integration and development so that any developer can build modular constructs on the blockchain without specific domain expertise.
In simpler words, it is developing innovative and simple protocols that will easily connect every developer and billions of people and devices to the blockchain ecosystem.
In conclusion, the Stellar blockchain network continues to be a viable option for projects that want a stable framework for their ICOs and final project. With Ethereum having been shown to have security vulnerabilities and scalability issues, Stellar is slowly filling the void for a trustworthy environment for smart contracts. It is only a matter of time till XLM skyrockets in a manner similar to how ETH did in 2017.
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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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Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
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