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Mithril (MITH) and Ontology (ONT) Grabbing Attention in the Crypto World

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Ontology (ONT) had entered the cryptocurrency market on 8th March 2018 while Mithril (MITH) had joined on 25th March 2018. These two dates are not really something to grab the attention of the investors and traders as many new crypto coins have been launched in the last quarter of 2017 and first quarter of 2018. What makes ONT and MITH stand out is that they have attained the ranks within 150 (as of 12th April, MITH at 122 and ONT at 21), according to coinmarketcap.com within such a short time, especially when the cryptocurrency market was largely bearish in the first quarter of 2018.

Ontology (ONT)

The developers’ team of Ontology has designed the platform in such a way that it will support public blockchains. The developers, in fact, will be able to outline their own blockchain to meet myriads of requirement. Thus, the developers can create different applications on the Ontology platform. The Ontology developers’ team has thus studied analyzed smart contract systems and distributed ledger technology extensively.

From the whitepaper of Ontology (ONT), Ontology’s storage system works on a distributed ledger. The key feature of the completely decentralized, tamper-proof ledger is that trust is shared amongst multiple parties through the use of smart contracts, distributed networks, distributed storage, distributed authority, distributed security, and a variety of modules.

Reasons to Choose Ontology (ONT) in Q2

  • Innovative Trust Mechanism: Ontology looks forward to solving the trust and security issues. At present, the trust mechanisms in place are not enough to prevent the Internet of Things being accessed illegally, using malicious nodes. The platform of Ontology combines different trust mechanisms to develop a comprehensive decentralized trust mechanism. The design structure, according to the whitepaper is modularised and flexible.
  • Incorporating Different Businesses: Businesses that did not have any knowledge about the workings of the blockchain technology will also be able to develop distributed services through the Ontology network.
  • Multi-Source Identity System: The multi-source identity system for people requires verification from different sectors of life like family, friends, banks, businesses, etc. For the identity system of objects on the Ontology platform, the objects can be placed under the supervision of the producers and the consumers. They will have their own API and can even communicate with other digital identity holders. It is a perfect combination of the centralized system and the decentralized system to develop a unique identity verification process and to build a trust ecosystem.
  • The Partnerships: Ontology and NEO’s partnership is another reason to invest in the crypto coin. It is noteworthy that the CEO of Onchain, Da Hongfei is also the co-founder of NEO. And, Ontology was founded by Onchain in 2017. Ontology is also going to partner with big names like Tembusu Partners, Hashed, and Accomplice. Together they will focus on creating a public blockchain infrastructure and a decentralized trust mechanism that can be applied in real business scenarios. Ontology also cooperatively works with several venture capital firms like Sequoia China, Matrix Partners China, Danhua Capital and ZehnFund.

Mithril (MITH)

According to the whitepaper of Mithril, “Mithril is a decentralized social media platform on the Ethereum Blockchain. Mithril will integrate into new and existing social media networks to reward content creators for contributions to the network – we call this Social Mining.”

Mithril focuses on the safe storage of data in a decentralized framework. Unlike the present social media platforms, the user will actually be paid as a content developer through Social Mining. At the time of writing, the price of Mithril (MITH) shows $0.25 USD (30.42%) approximately. It is the right time to invest in the crypto coin as its unique features may increase its demand in the near future and this, in turn, will make the price rise.

Reasons to Choose Mithril (MITH) in Q2

  • Mithril will bring in a huge transformation in the social media arena. People will invest more time in it as there will now be an opportunity to earn as a content developer. The number of MITH tokens a content developer is rewarded will depend on how large a readership base s/he has been able to create.
  • Mithril will be seen as a utility token on Lit. Lit is a unique social media platform sees to the requirements of the current generation of social media users. It is a perfect combination of two innovative platforms, one involving social media and the other blockchain technology.
  • Nearly 350 million MITH tokens are said to enter the social media market at present. To increase the value of the coins, the total amount in circulation will be divided by two annually till the moment they are disseminated among the users. The value of MITH is expected to rise once all the coins are circulated. Therefore, this is the right moment to get hold of the coins. As the price hopefully increases exponentially in future, the present buyers will greatly benefit from it.
  • The development team of Mithril is currently focused on creating a merchant’s network that will enable the users to use their tokens. As the tokens will be structured on Ethereum ERC-20, they will sport some similar features. Thus the users will be able to utilize the tokens on premium content channels, dating, live-streaming, and retailers that are listed on the Mithril Merchant Network.
  • The holders of MITH will be able to exchange them for Ethereum and Bitcoin directly. This will open up new arenas for those who have stored large amounts of the crypto coin.

Both Ontology (ONT) and Mithril (MITH) have passed the test of Q1 this year and at the moment it seems that they will continue to have a good run. Q2 is the best time to invest in these two crypto coins as it will be more when their prices will increase in future.

We will be updating our subscribers as soon as we know more. For the latest on MITH and ONT, sign up for our free newsletter!

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 Olivier via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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