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Reasons Why Cryptonex Holders Could Expect a Promising Future - Global Coin Report
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Reasons Why Cryptonex Holders Could Expect a Promising Future

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Cryptonex
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Cryptonex or Cryptonex platform (CNX) is a relatively new cryptocurrency that was tokenized from its initial coin offering (ICO) stage on 7th October 2017. During its ICO stage, the coin was able to raise a considerable amount of money by piquing the interest of both new and experienced traders and investors across the globe.

The main purpose of this currency is to offer an open source and decentralized blockchain platform as well as an exchange where the users can exchange any fiat currency in the world with certain cryptocurrencies. The coin was also designed to provide the opportunity to buy goods and products using digital currency and payment cards with minimum commission. The market upheaval caused by Bitcoin in January 2018, caused significant panic and doubt among several investors. As a new altcoin, Cryptonex used this as a golden opportunity to acquire a commendable position in the market in terms of price and market cap. On January 27th, CNX reached its apotheosis by acquiring a market cap nearly 455 million USD. Although the scenario has not been such overwhelmingly good since then, this coin is hanging on with new developments and a steady price.

Here, a few aspects of this currency would be discussed to accentuate the reasons why the current CNX holders can be hopeful about its future.

The Technology behind Cryptonex:

The blockchain platform of this coin is predominantly based on the Scrypt algorithm, the same one used by Litecoin. As a result, Cryptonex is absolutely free from the influence of Bitcoin which might come as a benediction at the moment because of Bitcoin’s intractable volatility. Also, Scrypt algorithm helps in designing a blockchain system with high scalability and security.

The ecosystem also runs a bug abundance program in order to connect with the group as well as to get rid of major bug problems if the situation demands.

The Key Features of Cryptonex Blockchain:

Cryptonex was introduced as the first blockchain acquiring in the crypto-world and has been grabbing the attention of investors around the world with its various features. Some of the most conspicuous features of this blockchain platform include:

  • Transparency: Cryptonex offers an incredibly transparent blockchain platform maintained and properly synchronized by multiple nodes. A transaction is added to the blockchain if it is verified and permitted by all of the nodes involved in this system. Consequently, all the participants get the access to only one and the same piece of information thereby increasing the openness of the platform to the traders.
  • Security: As mentioned earlier, the ecosystem of CNX is based on the Encryption Scrypt Algorithm. Scrypt algorithm is well-known for protecting all transactions made within a system by concealing them from Trojans and various other malicious programs veering around the internet. As a result, hacking the database of Cryptonex is veritably difficult even for the most adept hackers. Also, the mining procedure on this blockchain platform is fairly safe as the block closure is thoroughly checked and verified by the nodes. In case any information de-synchronization takes place concerning a questionable transaction, the transaction is rejected forthwith by the platform.
  • Efficiency and Scalability: Scrypt algorithm is also known for its scalability. It enables the Cryptonex platform to finish checking pertaining blocks in a very short time eventually providing a lightning fast transaction facility. Since the inception of Bitcoin, it has been suffering from the problem of offering a quick and less expensive transaction system. On that aspect, CNX is manifestly a more efficient and convenient cryptocurrency.
  • General Convenience: This cryptocurrency can be successfully implemented on mobile applications like Android or iOS as the users of these devices can use the functions of CNX web wallet along with contactless payments.

Availability:

Cryptonex is currently available on multiple exchanges including names like HitBTC and Yobit. So, if any trader becomes interested in trading with CNX, finding it wouldn’t be a major issue. Also, interested investors would be able to find Cryptonex on MacOS, Linux, and Windows wallets as well.

Current Scenario:

As of this moment (19th June 2018), Cryptonex holds the 63rd position on Coinmarketcap in terms of market capitalization (approximately 176 million USD) and price ($3.90). The current figures are showing some improvement from its previous ones by a percentage 3.74. Despite the fact that it is impossible to foresee the price trend for the next few days accurately, it can be said that CNX is currently in a stable condition with a slightly upward trend.

Final Thoughts:

There are approximately eighteen hundred cryptocurrencies currently available for trading and thus the competition among them to attract new traders is quite ferocious. Under the circumstances, Cryptonex seems to do reasonably well with its efficient and secure blockchain system. As several traders are inclining towards the currencies with greater scalability, security, and stability rather than a gargantuan price or market cap, current CNX holders can expect a reasonably lucrative 2018.

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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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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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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…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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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…

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