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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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Bitcoin

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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