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Here Is How Zilliqa (ZIL) Will Zoom Past Tron (TRX)

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Zilliqa

Can crypto traders and enthusiasts suffer from the fatigue of one project being constantly in the news? Perhaps the Tron (TRX) foundation is putting in too much effort to have its platform known in the crypto-verse. The way technology and marketing works are that there needs to be a balance between the product being offered and the marketing strategy. Word of mouth works best. This is when the users and believers of a product or project do the advertising themselves.

In the case of TRON, perhaps the crypto-verse has seen what the team can offer and wants a new, fresh project to switch its attention to.

In comes Zilliqa (ZIL) with the second version of its Testnet that showcases the Scilla programming language and MainNet that is slated for release in Q3 of this year.

Zilliqa (ZIL) has one advantage over the Tron project. Not too many crypto enthusiasts have heard about this new refreshing project. What then will happen as soon as the Mainnet is launched, the concept of sharding in the Zilliqa platform will be confirmed 100%. The current Zilliqa Testnet can handle 2,828 transactions per second with just 6 shards. The entire Tron MainNet currently handles 2,000 tps (transactions per second). This is still high considering that Ethereum’s platform can only handle 25. But Zilliqa is clearly the future of scaling on the blockchain. As more shards are added onto the platform, the tps will grow according to and Zilliqa will outshine the rest.

Secondly, due to the high tps, the Zilliqa platform will be ideal for DApps that are centered on gaming, entertainment, digital advertising as well as finance. This means the Mainnet that proves to be more efficient between that of Tron and Zilliqa, will win over developers.

A third reason that Zilliqa will zoom past Tron in terms of technology, is the new programming language of Scilla that is the core of the ZIL project. The Scilla language has been designed with smart contract safety in mind. The researchers that developed Scilla, are at the top of their game in academia. This means they have studied the smart contract ecosystem and know all the loopholes and hurdles. It is like asking an aeronautical engineer to put together a Formula One Racecar. S/he knows the ins and outs of aerodynamics. The team at Zilliqa specialize in smart contracts 100%.

In a nutshell, the second quarter of 2018 will prove to be an exciting one as both Tron and Zilliqa will have functioning Mainnets. This means that both blockchain platforms will stand the test that is the developer and blockchain community. These two communities will decide on which platform to use for their projects. Zilliqa already has a head start by showcasing a higher throughput in transactions. Tron might hold the edge right now for having released its Mainnet earlier. But time will tell as to which platform will be victorious.

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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

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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