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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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