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Prepare for Launch: Zilliqa’s New Testnet is Imminent

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Zilliqa
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Third generation Zilliqa is almost ready to release the next version of its testnet. Testnet v2 will support their new smart contract language bringing a next-level security to decentralized applications (Dapps) running on the network.

Zilliqa Builds in Safety Measures

Scilla, the new smart contract language designed for Zilliqa, will make applications running on Zilliqa less vulnerable to attacks. By getting rid of certain known vulnerabilities directly at the language-level it will make sure that Dapps will be much safer to build and run.

Cryptocurrencies are at risk of security flaws. Recently EOS announced its bug bounty program, offering up to $10,000 for the most severe bugs found. Since May 31, 39 bugs have been found and resolved. The most recent one was June 27 and received the maximum bounty because it was so serious. By building safety into smart contracts, Zilliqa will be able to secure its reputation as a safe, scalable cryptocurrency.

In a blog post, Zilliqa said: “As a result, it is extremely important to ensure that a smart contract deployed on a blockchain is bug-free and safe. Safety of smart contracts is particularly critical because they are run in a Byzantine environment, where, every party involved with a contract can potentially be malicious.”

Developer Grant Program Announced

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Zilliqa announced a developer grant program called the Zilliqa Ecosystem Grant on June 19. The main objective will be to support teams developing tools, libraries, and Dapps for the Zilliqa platform. The total funding for it will be $5 million of which at least 30% will be given out as ZIL. The projects will need to be long-term projects as the funding will be spread across a period of time. The Zilliqa team will also provide support and advice to the projects.

In a blog post, Zilliqa said: “To encourage the development and adoption of applications that are built on our platform we are pleased to announce the details of the Zilliqa Ecosystem Grant Programme — a pool of $5 million USD that will be given to great projects, teams, and individuals to start building tools and applications for the Zilliqa platform.”

New Dapps to #BuildonZIL

Spuul, an over-the-top provider of video streaming content have announced that Spokkz will be running on the Zilliqa network. Spokkz is a film and TV ecosystem. The provider has a user base of over 57 million users and provides content in 180 countries. This means it will have plenty of reach.

A new open entertainment network has also stated its intentions of building on Zilliqa. Bolt aims to use blockchain technology to change how we access content, data, and educational resources. They claim to be the world’s first open entertainment economy and are listed on the Switcheo exchange.

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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.

Image courtesy of Austin via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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