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Here Is How Zilliqa (ZIL) Is Slowly Becoming the Ethereum Killer - Global Coin Report
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Here Is How Zilliqa (ZIL) Is Slowly Becoming the Ethereum Killer

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Zilliqa
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We have entered a new era of blockchain technology where speed and low transaction costs matter. The Ethereum (ETH) platform can handle 25 transactions per second with some transactions costing as much as 100 Gwei (0.00000010 ETH) in the case of the Etheremon DApp. These high gas prices are making gameplay on the Etheremon DApp continually expensive for users. As a result, the team at Etheremon has moved its battles off-chain to deal with the rising fees and scalability issues. In-game assets are still kept on-chain and fully owned by users, but battles are off-chain for faster processing.

Etheremon is the first game opening an era of Game 3.0. It creates a world of Mons (Etheremons) where you can capture, train, transform and trade them with other players. The DApp combines blockchain and Virtual Reality technology to offer the said Game 3.0 experience that is on a whole new level from traditional gaming.

It is no wonder that the creators of Etheremon have decided to work with the team at Zilliqa to find a lasting long-term solution to gas prices as well as transaction speed. The current transactions per second on the Zilliqa network stands at 2,828 with only 6 ZIL shards and plans of expanding to more shards with the Mainnet. This means that battles on the Zilliqa powered Etheremon DApp will be faster, free. In addition to this, players will receive 2 free energy units per hour to play a Practice or Rank match.

The team at Zilliqa stated the following with regards to the new move to work with the creators of Etheremon:

“Gaming is viewed as one of the big potential applications for blockchain because it gives game developers the ability to directly incentivize gamers with rewards and also offers true ownership of in-game assets, even if the game were to be discontinued. We feel that games are a good fit for the Zilliqa platform because of our high throughput and low transaction costs.”

It is with this news of Etheremon planning to switch blockchain platforms form Ethereum’s to Zilliqa’s that we can conclude that the Zilliqa project is indeed the true Ethereum Killer. Tron (TRX) might also convince traditional Ethereum based applications to switch blockchains, but clearly, Zilliqa currently has the edge over the two.

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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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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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