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.
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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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XRP Surges By 8% In A Surprise Bull Run
The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.
While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.
The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.
Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…
If Tether crashes, will that money pour into Bitcoin?
For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.
Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.
While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.
At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:
- Are all USDT coins fully backed?
- If yes, then where did that much money come from?
- If not, what will happen when the market discovers the lie?
Tether continues to keep secrets
As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…
Is Bitcoin (BTC) Better Than USD?
Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.
Bitcoin vs traditional money
Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.
However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.
Surprisingly enough, the report portraits Bitcoin in a very positive light.
The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…
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