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Red Pulse: Rise of the Phoenix (PHX)

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Red Pulse
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From the ashes of the bear market encompassing the cryptoverse, a powerful altcoin is rising to meet the needs of a new economy. Red Pulse Phoenix (PHX) is up over twenty percent over the past day and it doesn’t look like it’s ready to stop.

Phoenix (PHX) is the newest token swapped from the original Red Pulse (RPX) currency in August. Having successfully made the transition to an improved infrastructure, this alternative currency is flying high along with its investors as volume picks up alongside the company’s valuation.

But the story behind Phoenix (PHX) starts in October of 2017, as an exciting ICO gained steam under the token’s original brand, Red Pulse (RPX).

Research on the Blockchain

Red Pulse (RPX) began as a smart contract ecosystem built on the NEO blockchain. The motivation behind the team’s efforts included a desire to bridge the knowledge gap hindering global participation in Chinese industry. China, of course, has the 2nd largest economy in the world, yet remains difficult to understand for investors living outside of this massive country’s boundaries.

The accuracy and transparency of information relating to Chinese industry are lacking, to say the least. An overload of information and a broken research content ecosystem led Red Pulse (RPX) to find a blockchain solution. Utilizing their native cryptocurrency for transactions and blockchain for a publicly verifiable ledger, the new Red Pulse research content ecosystem was born.

The success of the venture has now allowed the team behind Red Pulse to innovate a new infrastructure suite. The rise of the gig economy and stringent regulatory requirements inspired the team to add a variety of brand new elements to their original infrastructure. The upgraded currency was rebranded alongside their open research platform, and Phoenix (PHX) was born.

Phoenix (PHX) is a revolutionary cloud-based solution to the cumbersome and manual nature of the expert network business model. The Phoenix network connects research consumers and producers with machine learning, language processing, and blockchain technology.

Technical Specifications

The Phoenix (PHX) network is implemented using ‘Proof of Creation’. Submitted content invokes a hash function on the NEO blockchain, converting the content into a hash script. This unique script is stored and registered as a non-fungible digital asset, proving creation and existence.

‘Proof of Ownership’ is also employed, allowing transfer of ownership while maintaining the immutable data attributed to the original creator.

Regulatory compliance, IP protection, and accountability are all improved significantly in the new Phoenix (PHX) research ecosystem. Providing an immutable record of specific information requests, comparing new and existing hashes and associating a distinct wallet address to each on-chain item, Phoenix (PHX) has risen from the successful implementation of the original Red Pulse (RPX) smart contract.

From the Ashes to the Sky

The Red Pulse Phoenix token (PHX) can be found on Binance and is currently leading the pack in today’s section of market gainers. As the coin market prepares for a rise of its own, early leaders like Phoenix (PHX) stand ready to take a significant share of the new participation coming into the cryptoverse.

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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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