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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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