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Reasons Why IOTA Holders Can Expect a Lucrative 2018

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IOTA
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IOTA is one of the newer cryptocurrencies on the market that has managed to perform exquisitely despite having numerous potential competitors. This currency was first introduced on June 13th of last year and since then it has been providing a veritably decent service to its holders spread across the globe. As far as the inherent properties are concerned, this digital currency is very different from the other cryptocurrency big guns like Bitcoin, Ethereum, and various other familiar cryptocurrencies. Unlike others, IOTA uses an innovative new technology known as The Tangle that allows the users to verify their previous two transactions without any interference from the miners.

Currently, there are more than eighteen hundred cryptocurrencies in the market that are traded around the world. Hence, the fierce competition to acquire a decent position in the market and retain it is quite imaginable. Since the major market maelstrom at the beginning of this year, a significant number of traders are inclining towards the slightly lesser known currencies like IOTA. Here, you would find out a few aspects about this coin elucidating the fact why it would be judicious to hold onto this coin this year.

The Technology behind IOTA:

IOTA was designed on the IOT or Internet-of-Things concept. The Internet-of-Things refers to everyday items such as accessories, clothes, vehicles, etc. provided with a computer capable of connecting them through the internet. While other cryptocurrencies provide a blockchain platform where miners or nodes usually verify the previous transactions block by block before approving and performing the current transaction, IOTA offers a platform where the users can verify their previous transactions by themselves. As a result, IOTA’s ecosystem offers a much more convenient and user-friendly interface to the traders. This sui generis technology is known as The Tangle.

The IOT concept coined by this cryptocurrency is the gateway to achieve complete decentralization as per previous speculations; this new technology continues to pique the interest of both new and experienced crypto-traders.

Competitive Advantages of Using IOTA:

The digital currency of IOTA comes with several irrefutable advantages for the traders including:

  • Faster Transaction Rates: On IOTA’s native platform traders can take advantage of an expeditious transaction system. Because of this currency’s ingenious transaction protocol, the confirmation time on IOTA platform is much less than other currencies like Bitcoin.
  • Micro-payment Facility: In regular blockchain networks, the transaction fee is usually set by the initiator of the transaction which makes it very difficult to keep track of the relatively smaller payment amount. In case of IOTA, the traders can take advantage of its unique ability to facilitate small payments in exchange for an insignificant or sometimes no transaction fee.
  • Incredible Scalability: In IOTA’s platform, the time taken between placing a transaction and its subsequent validation is nearly zero. Also, its processing module becomes faster with the increase in the number of transactions and subscribers.
  • Convenience and Security: IOTA blockchain eliminates the arduous process of mining a cryptocurrency by solving puzzles which makes it much more cost-effective over other digital coins like Bitcoin. The transaction fee on this blockchain is also fairly low compared to others. As the IOTA owner is given the leeway to verify his/her transaction by themselves, there is no chance of any fraudulent activity as well.

Recent IOTA Updates:

  • The Release of Trinity Mobile Wallet: On May 29th, 2018, IOTA development team announced the launching of this new user-friendly mobile wallet. Despite being a strictly community-driven project at the beginning, the IOTA foundation adopted Trinity in order to ensure the security of using this cryptocurrency to a bigger community. The wallet was subjected to two external reviews namely a security audit and a threat modelling exercise. The purpose of this review was to ensure the fact there are no bugs present in the wallet that can potentially vitiate the currency’s security. With this new wallet release, the IOTA blockchain system is likely to be more convenient to the traders.
  • Upcoming R&D Projects: On June 16th of this year, IOTA announced a few of their R&D goals. According to their statement, for the next few months, the development team will work on strengthening and ameliorating the network infrastructure, decentralization, recognizing the need for developer inclusion in case of DApps, formalizing and comprehending cryptographic techniques, and encouraging widespread usage of this coin.

The Current Situation of IOTA:

As of 26th June 2018, IOTA holds the ninth position on Coinmarketcap with a price nearly tantamount to $1 and a market capitalization of nearly 2.7 billion USD. Although the numbers are not exactly as good as it was in December last year, the IOTA price chart is currently stable at a decent rate.

Final Thoughts:  

IOTA was introduced in order to provide a solution to Bitcoin’s high transaction fee and less scalability. As a result, right from its inception, this coin has managed to grab the attention of potential traders around the world. With the recent and upcoming technical developments, this blockchain platform is likely to become even more efficient and user-friendly. Hence, it is safe to say that IOTA holders can expect a lucrative 2018 despite market volatility.

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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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Altcoins

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

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SonicX
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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