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Reasons Why Zilliqa Holders Can Expect a Highly Profitable 2018

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Zilliqa
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Zilliqa (Zil) is one of the most recent cryptocurrencies that made their way to the traders across the world. It was introduced on January 25th of this year, at the time when almost the entire market was in shambles due to the plummeting in Bitcoin’s price. It is now a well-known fact that Bitcoin is the largest cryptocurrency that currently exists in terms of both market capitalization and price. Despite these two facts, the debacle in January 2018 made this coin susceptible to volatility and various security threats thereby creating considerable doubt in the crypto-traders’ minds. Under the circumstances, making progress as a recently introduced coin is incredibly difficult for any currency. But Zilliqa made this ostensibly impossible job possible with its sui generis features.

Zilliqa was introduced as the first through-put public blockchain in the world and started making inroads right after its tokenization preceded by a successful ICO token sale. This unique feature accompanied by several others has helped this coin grabbing attention of a significant number of traders. As a result, there hasn’t been any major downfall in this currency’s price and market cap so far and Zilliqa managed to gain a commendable position on Coinmarketcap toppling many potential big guns. Here, Zilliqa Sharding, one of the most recently implemented processes of Zilliqa would be discussed along with other major advantages to accentuate the fact why holding onto this coin would be a judicious decision this year.

Zilliqa Sharding Process

In DBMS, Sharding refers to a technique of partitioning various data in a database or search engine horizontally. In this way, the fragments of a single piece of data would be stored in different locations ensuring security in case of incidents like hacking. In case of blockchain technology, sharding refers to a simple yet efficient process where mining would be fragmentized into several smaller parts known as “shards”. It is a mandatory approach to increase the scalability of a blockchain protocol.

Ethereum was the first cryptocurrency to make an endeavor to implement the sharding process in blockchain in order to get rid of malicious nodes and mitigate the difficulty in constructing a consensus algorithm. However, the randomness of these mining shards causes a communication problem. The development team of Zilliqa has been able to nullify this problem by designing a system where all the shards would work simultaneously. The sharding approach was chosen by the Zilliqa team also enables them to have a copy of the current state of every single node. The advantages that Zilliqa Sharding offers include:

  • In sharding, nodes are divided into shards. When the number of nodes increases, the number of shards also increases proportionally to accommodate new nodes within the system. As a result, the network traffic always remains free from any kind of congestion.
  • Due to less congestion, the blockchain of this cryptocurrency offers a highly scalable and fast transaction system which not only saves the time of their traders but also saves from the unnecessary wastage of electricity and expenditure.
  • Sharding makes this cryptocurrency more secure. As the mining is done in different fragments spread across different locations, it becomes nearly impossible for the cybercriminals to hack important data or currency tokens from this platform.

Notable Partnerships:

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Zilliqa has engaged in several partnerships this year in order to increase their token circulation and popularity to the crypto-traders. During last month of this year, Zilliqa partnered with two other major cryptocurrencies – Bluezelle and Genaro Network. Both of these currencies offer their support to Zilliqa as a distributed backend storage provider. As a result, DApp developers now can choose a storage provider of their own preference, with the API (Application Program Interface) support from Genaro Network and Bluezelle.

Major Events:

The development team of this cryptocurrency has been extremely busy throughout this month as they have already attended several cryptocurrency meet-ups such as the World Digital Asset Summit in Singapore, Bloxpo meet-up in Stockholm, Sweden, and many more. They are also about to attend a major cryptocurrency meet-up in Singapore on 23rd May. With these events, more traders would come across this ingenious currency and its features eventually increasing its popularity.

Current State of Zilliqa:

As of 21st May 2018, Zilliqa holds the 25th position on Coinmarketcap with a price nearly equivalent to $0.15 and a market capitalization of nearly 1 billion USD. The currency continues its bullish run as both the price and market cap charts are showing a steady upward trend.

Final Thoughts:

Zilliqa possesses one of the most efficient development teams in the crypto-world and is constantly making new ameliorations for their holders. According to their latest progress report, they have improved their testnet deployment system along with making major changes to their main protocol. This coin has been able to get a position among the top thirty currencies within a few months. Hence judging by this trend it can be inferred that Zilliqa holders can be hopeful about a very profitable 2018.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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