Excellent and unusual events have occurred in the cryptocurrency market in the early part of this year. Events like the surge and sharp decline in the market with cryptocurrencies such as Tron (TRX) overhauling FUD and also Zilliqa (ZIL) been introduced have astonished lots of investors. It is also important to know that another event that has occurred is the emergence of IOSToken (IOST), an ERC20 coin, which is becoming the greatest answer to the Internet of Service. This project, IOSToken was created on top of the Ethereum Network.
However, these projects or digital-coins are becoming great competitors to Ethereum. For this reason, we would take a detailed look at why IOSToken (IOST), Zilliqa (ZIL), and Tron (TRX) are the top-picks as the third-quarter of the year is right around the corner.
All about IOST
One of the recent events that have hit the crypto-world is the introduction of IOSToken. The digital coin makes use of a technology called the Efficient Distributed Sharding (EDS). EDS helps to develop scalability which distinctively partitions the IOS network into sub-spaces through a sophisticated process. Most of the times, this blockchain is referred to “the scalable network that works.”
Subsequently, lots of investors have embraced the IOST project, and the token has a current market cap of $181,553,400. The main aim of the project is to create a safe and scalable network for smart services. Although the blockchain network has not been implemented fully, when completed, its ecosystem could host lots of services and serve different businesses that have not been feasible.
IOSToken is the main crypto of a decentralized platform known as the Internet of Services. Also, IOSToken is more like an ecosystem that helps enhance the transaction of goods and services. As the clock keeps ticking, this platform is attracting lots of developers to build better services for the enhancement of the blockchain ecosystem.
Finally, IOS itself targets to offer about 100,000 transactions per second, and once it’s actualized, the cryptocurrency will make it the forefront blockchain in the crypto-world.
An abstract look at Tron (TRX) and Zilliqa (ZIL)
Tron (TRX) and Zilliqa (ZIL) are both great projects, but each strives towards different goals. Tron, on the one hand, has its purpose of decentralizing the web via its blockchain, and also to become a topnotch project for Decentralized Apps. Tron has also set its goals in becoming the most secure and steady cryptocurrency and also to reclaim a spot in the top 6 cryptocurrencies in the market.
On the other side, Zilliqa has its own goal, and that is to transform the manner in which smart contracts are written through the use of a programming language known as Scilla. The digital currency also aims to enhance the use of the sharding model to better the way in which trading gets done in the crypto-market.
Reasons why these three cryptocurrencies are the top picks in Q3 of the Year
Scalability issues solved
Ethereum has achieved great strides in the crypto-world today, but Zilliqa, Tron, and IOSToken should be the top choice in the third-quarter of this year. There are some very good reasons to back that. First of all, this is due to the fact that the issue of scalability is still a big problem that Ethereum hasn’t solved.
Due to this big glitch, Zilliqa and IOSToken introduced sharding, which is a way of dividing the mining platforms into simpler shards so that trades can be done similarly. With the IOSToken shards, EDS (Efficient Distributed Sharding) network was introduced which makes the platform resilient.
Native blockchains, Mainnets launched by these platforms
We all know that Tron (TRX) has released its Mainnet, and now even the token migration on all major exchanges is done. On the other hand, Zilliqa will also release its very own MainNet in the third-quarter of the year, September 30th, 2018 is the planned release date.
IOST MainNet is still being constructed (Testnet is live, already) but it is projected that it will come sooner than later. The MainNets developed by all these platforms will be on their feet at the scheduled dates in the third-quarter of the year. Each of the digital coin’s Mainnet completion means more trust, userbase, transaction volume and a better chance of mass adoption – which certainly makes them cool bets.
Small businesses support
Tron, Zilliqa, and IOSToken are excellent platforms that support SMEs. For instance, IOSToken has what we call “Hyper Universe Distributed System” (HUDS) that assist the platform to support different kinds of service providers. On this platform, users can keep their information on different nodes in the network. With this, a small business can monetize and do daily transactions.
Finally, with lots of investors on board on these platforms, there is something distinct about them. Probably, it could be the way in which each of them tries to improve and advance as blockchain turn out to be more conventional regarding the transaction of goods and services – at least all of them boast of scalability to be where they are today.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Maxpixel.net
Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
The Highly Acclaimed PayDex, an Advanced Blockchain Payment Platform
Top 3 Cryptos to Serve as an Alternative to Bitcoin
Why HODLing XRP, BAT, and EOS is a Smart Idea
Blogs2 weeks ago
BTC/ETH/XRP — What to Expect in March 2019
Altcoins1 week ago
Verge (XVG) Unexpectedly Surges by 11% After Code Malfunction
Hot Updates2 weeks ago
Aaron System in Thailand enters into Mongolian Cryptocurrency Exchange market with UBWAVE in Mongolia
Hot Updates2 weeks ago
BTC ETF Approval will Boost the Crypto Market ?- Bexplus BTC Investment Tips 2019
Bitcoin1 week ago
Stanford Lecturer praises XRP over Bitcoin
Altcoins2 weeks ago
CoinFlip ATMs Present a Compelling Opportunity for Crypto Traders
Altcoins2 weeks ago
MGO Token Could Surge After New Payment API Release
Blogs1 week ago
Three Biggest Things To Know Come Cryptocurrency Tax Season