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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.

Image courtesy of Pexels

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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