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Reasons Why IOTA Holders Can Expect a Lucrative 2018

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IOTA

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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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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