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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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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