Here's How EOS (EOS) Really Could Kill Ethereum (ETH) - Global Coin Report
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Here’s How EOS (EOS) Really Could Kill Ethereum (ETH)



EIS vs Ethereum

When markets started billing EOS (EOS) as an Ethereum (ETH) killer, only a handful of people took the suggestion seriously. Since the end of October, however, EOS has risen more than 1600% and traders and investors, as well as the blockchain development community, are now being forced to take a serious look at what EOS is and what it brings to the table in this nascent sector.

We took a look at what’s going on behind the scenes in an attempt to figure out whether this technology really could outpace Ethereum longer-term and, in short, we think it can.

Here is why.

The biggest problem right now with the infrastructure that supports decentralized applications is scalability. Bitcoin was able to demonstrate the real-world viability of a proof of work mechanism in the public ledger. Ethereum then took that one step further and proved the demand for generalized smart contracts.

EOS Daily Chart

EOS Daily Chart

On a number of occasions, however, and as is likely to be increasingly the case, the Ethereum network has become choked as it maxes out its transactions per second limit.

EOS is trying to build (and, in turn, to be) what amounts to the next step in this space – a platform that can work in essentially the same way that the Ethereum platform does but that can do so on an enterprise scale.

If the company can deliver this, it’s going to be a game changer.

So how is EOS going about it?

The EOS platform is designed to allow for the processing of information in parallel across multiple cores, as opposed to restricting it as a single thread (which is what happens with Ethereum). There are also a number of other key differences between legacy platforms and EOS, including the separation of read and write actions, private and public blockchain communication capabilities, usernames as opposed to long number addresses and – importantly – the ability to fix issues with consensus as opposed to using a hard fork.

Asll of these come together to allow for what amounts to a streamlining of the technological processes that underpin Ethereum without (the hope is) restricting functionality.

The problem with the subsystem, many will say, is that it’s moving more towards centralization and away from the decentralization feature that makes Ethereum so attractive.

That’s reasonable, but the reality is that the enterprise entities that are going to be adopting this sort of thing aren’t going to be reliant on public blockchains alone. Nobody really expects that. They’re going to be using some degree of internal and private blockchain connected with (in many cases) a public blockchain.

And under this sort of use case, EOS becomes the perfect solution.

That is, of course, if it can be developed effectively. It’s still in its nascent stages right now and the company’s ICO won’t complete until mid next year. This brings with it a degree of risk based on the fact that there is no guarantee that the company can execute against its strategic roadmap.

With that said, however, EOS has an incredibly strong leadership team and if there is a group of people that are likely to be able to achieve something on the scale that EOS is trying to achieve it, it’s this one.

Basically, it comes down to this – there needs to be a major step forward in blockchain technology before global enterprise can adopt it on the scale that is required to truly make this a game-changing shift in the way sectors and industries operate. One company of a handful is going to be the one that manages to achieve this step forward and the one that does is going to be the coin that returns reward to the scale that we have seen bitcoin and Ethereum return over the last couple of years

Of this handful, EOS looks to be one of, if not the, plays that we see as having the best chance of success.

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of EOS


AAX Crypto Exchange Announces Massive Growth Numbers in August



AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021



WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency




Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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