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Reasons Why You Should HODL IOSToken This Year - Global Coin Report
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Reasons Why You Should HODL IOSToken This Year

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IOSToken
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IOSToken or IOST that began its journey just six months ago on January 15, 2018, has been performing well consistently in the market and doing proper justice to its investors. The coin was introduced during the tumultuous times when Bitcoin and other currencies depending on it were undergoing massive downfalls in their prices and market caps. Under those circumstances, the next generation blockchain solutions offered by this coin grabbed the attention of several traders across the globe and consequently it acquired a position among the major coins of crypto-market within a matter of few months.

Even in its ICO stage, IOST development team had been very communicative and transparent about their plans and future developments. Though they have not published any whitepaper with necessary information about the coin, they post development updates on a weekly basis making their investors conversant with the recent upgrades both in its technology and community. The IOST development team published another weekly update last week covering all events between 4th and 11th June of this year. Here, some of the most significant updates would be discussed below to accentuate the fact why the current IOST holders should hold onto this coin at least for this year.

Major Technical Upgrades:

  • Updates on Transaction System: The IOST team has been continuously working on several updates on their transaction system for the past few days. Among them, quite a few have been successfully completed in the previous week. For example, the payload resolution and the endorsement of the peers’ signature have been implemented. Also, the performance and function of the basic work unit have been considerably improved for the convenience of IOST holders. Besides conducting a thorough test on the entire transaction lifecycle, the IOST developers implemented a vast range of functions including endorsement assembly, response inspection, network peer execution and verification, transaction commitment, and many more on the blockchain ecosystem during the previous week.
  • Node Updates: In the recent times, a significant amount of work had been going on the end user functionality and data dissemination mechanism of IOST blockchain. Last week, all of those updates were implemented along with a few other developments including sequence broadcast, guaranteed delivery service, function execution, peer link, and Ledger’s event. Besides these developments, an identity security protocol was implemented last week to protect the users’ identity during signing, authenticating, and transferring certain attributes.
  • Developments on Ledger: The IOST ledger has undergone several changes last week. One of the major updates includes the implementation of the sorting service API. Also, the module that sends the ordered transaction generation block along with both key and base search functions of the query ledger has been put to use. Also the configuration blocks that access control lists or define various policies on the ledger have been successfully tested along with implementing the peer node appending function on the block. The other notable developments on the IOST ledger include transaction validity notification function, block completion verification and verification of the correctness of each transaction.

The Partnership with Theseus:

Theseus is a familiar name in the world of cryptocurrency because of developing the first decentralized game named Crypto Heroes. The game is currently on the alpha testing phase. The rules of the game are quite simple as a player can simply acquire some equipment by defeating other participants and increasing their level in combat. The release of the beta version of the game is imminent as well.

During the previous week, Theseus developed a portal IOST Community Hub which would be open to the community shortly. Once the portal is open, the investors would be able to win rewards in IOST as per their performance in the game. This new partnership is likely to be extremely lucrative for IOSToken with an increased circulation and popularity.

Notable Listings:

In the previous week, HitBTC listed this cryptocurrency on its platform for global trading. As per daily trading volume and market capitalization, HitBTC is the sixth largest cryptocurrency exchange in the world. Therefore, this new listing would increase the exposure of IOST to a great extent and more traders across the globe would be familiar with this coin eventually leading to augmentation in its market capitalization.

Community Updates:

Apart from the technical developments, IOST community has also grown considerably in the past few days as now they have three new members from Berlin, Germany have joined their team initiating their expansion over various European countries. Also, the IOST community has extended its reach in other parts of the world such as China, Southeast Asia, South Korea, and The United States.

The Current Situation of IOST:

As of 13th June 2018, IOST is running at a rate of 0.027 against the USD along with a market capitalization of $223 million. The coin currently holds the 54th position which is likely to be improved in the coming weeks with new developments.

Conclusion:

IOST has a team behind it that works constantly on its growth. Besides the technical upgrades to make the blockchain system even more convenient, IOST team is currently hiring new members for the expansion of their community. Adaptability is one of the principal traits that a cryptocurrency requires for sustenance. From the above points, it is quite evident that IOST possesses this quality. So, holding onto this cryptocurrency would not be a thoughtless decision this year.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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