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Reasons Why Ripple, Stellar, Verge, and Tron are the future Cryptos

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Recent cryptos like Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX) are trending among trade investors across the world today, and this is due to their exciting features and futuristic goals. However, another joint characteristic that these digital coins possess is that they have a reasonable price to the dollar. It is important to know that XRP is now traded at $0.65, XLM is traded at $0.25, XVG is traded at $0.096, and last but not the least, TRX is at $0.04.

One question that comes to the mind is, what common feature do these digital coins have besides having a reasonable price to the dollar? Well, it is worth noting that these 4 vital digital coins have what we call a “Proof of Concept,” which means the apprehension of a particular method or notion in order to exhibit or show its feasibility. Proof of Concept may also mean an act of demonstrating with principles in order to verify practical concepts that have potentials.

Indeed, it is uncommon for most cryptocurrencies to come up with their own Proof of Concepts. Most of the cryptocurrencies without a Proof of Concept can’t really come out to show how they have given a long-lasting answer to real-life problems that they have promised to do. For us to get the concepts of Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX), we will take an abstract look at them each of them.

  • Ripple (XRP)

The main aim of Ripple (XRP) is to offer a good user experience to all participants. This implies that every Ripple user can be able to receive and send funds instantly without encountering any barrier, through the use of its blockchain technology.

Subsequently, there haven’t been any complaints or whatsoever concerning the trade of funds globally. Also, the digital coin has recently partnered with reputable and big financial institutions that propose to use the Ripple payment feature through Xvia, xCurrent, and xRapid. Besides, Santander has declared lately that it has adopted the use of Open FX which works on xCurrent – this is what we call a Proof of Concept.

  • Stellar (XLM)

The Stellar (XLM) aims to foster the connections of banks and other financial institutions for the transaction of funds to be done instantly without participants acquiring costs. This digital coin has proved this feature through its collaboration with companies like IBM.

  • Verge (XVG)

Verge (XVG) aims to improve on the old blockchain like Bitcoin. It also aims to provide its users an efficient way to transact funds and trade efficiently in a more decentralized way, with their privacy intact. Privacy is one feature that Verge (XVG) holds in a high esteem. And with its Verge’s Wraith Protocol, every user can rest assured of private and secure trade 24/7.

  • Tron (TRX)

Since its inception, Tron (TRX) had endured lots of FUD on the internet to release its Testnet last month. However, the final Mainnet is set to be released on May 31st. This digital coin has changed from a decentralized entertainment blueprint to decentralize the web today. It is necessary to note that this project also has 9 DApps which has a fan-base of about one to two million at present.

The above-stated features in this article are the vital reasons why Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX) are the future of cryptocurrency; they all showcase the Proof of Concept. In the near future, these cryptocurrencies will take over the crypto-world.

We will be updating our subscribers as soon as we know more. For the latest on cryptocurrencies, sign up for our free newsletter!

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 Blake Patterson via Flickr

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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