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

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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