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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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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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