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.
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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 Blake Patterson via Flickr
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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