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OmiseGo (OMG) and Ethereum’s (ETH) Status Enter a New Partnership

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Ethereum’s mobile client called Status has just recently announced a new partnership with OmiseGo (OMG), as well as the platform’s plans to adopt OMG’s decentralized exchange.

Status goes OMG

Many are already familiar with the open source dApp for phones and browsers called Status. A lot of people also know that it was created on Ethereum’s blockchain, which makes it one of its first clients. Now, Status has released a tweet in which it announced a new partnership with OmiseGo (OMG).

The two were familiar to each other from several research projects that they collaborated on, but this is the first time that they are entering a full partnership. Status is a very popular messenger app, while OmiseGo has quite a reputation as one of the largest names when it comes to on-chain, as well as cross-chain transactions. They also have a lot of experience when it comes to Plasma scalability research, as well as interoperability.

Both of these projects share a similar goal, which is to make the world more open. They plan to do so by allowing users to access Ethereum’s public blockchain much more easily. Both teams are excited about the partnership and future collaboration and have stated that the two fit together perfectly.

This is true in several ways, and their roles in the partnership will be clearly separated. OMG will have the task of creating financial tools that will be used in an open infrastructure, while Status will be taking care of the tools’ adoption and distribution throughout the world.

A large step towards decentralization

Both projects want one thing, and that is to bring cryptos to as many people as they can. Their efforts are dedicated towards making a shift towards cryptos, and to its mainstream adoption.

Status’ part in this will be to work with OMG for the purpose of integration of OmiseGo’s DEX (Decentralized Exchange). Furthermore, the joint effort of the two projects will also touch upon scalability research, and even on trying to improve the web3 ecosystem.

It makes sense for Status to wish to adopt DEX, considering that DEX brings a lot more security and scalability since it is in POS network. It will also make interoperability possible, for on-chain and off-chain transactions alike.

As mentioned, both of the projects are focused on achieving ultimate decentralization, and this partnership is seen by both parties as the next step on that road. Together, and through this collaboration, Status and OMG are progressing, and heading towards an advanced, decentralized economy.

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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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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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