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Ripple Interledger powered Coil could benefit as EU parliament passes the content creators-friendly bill

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Content creators these days find it difficult to get a fair ownership or enforcing rights to their work online. However, in view of this, yesterday, Article 13 and 11 was approved by the EU Parliament concerning contents online that say:

A summary of the EU Legislation explains that the internet has become the main marketplace for distribution and access to copyright-protected content. Unlike traditional business models, however, people who produce and publish contents and own the rights to intellectual property have a hard time enforcing their rights to the work online. Lawmakers argue that this “could put at risk the development of European creativity and production of creativity and production of creative contents,” which is why stronger laws protecting creators are needed.”

Most content related websites on the net these days are less informative and lack business plans. Most of them are based on Ads or click baits due to the normal phenomenon that views are more important than the quality of the content. So this makes the actual quality of the contents unappreciated, thus, supporting views, the more.

However, this normal notion is detrimental to quality and creativity, and an administrator of XRP the Real Zerpbox, Mr. H, Tweeted that,

as creativity to more views (fake news/clickbait) is more rewarding than the actual creative content. Put a picture of a hot in a short skirt on the embed of your YouTube video about milking cows and get x100 views. These videos are not even watched, may be scanned through, ‘where is that girl then and why is she in the preview picture’ but the actual content is ignored – yet rewarding because the preview attracted views.”

Meet Coil – The Technical Startup Company

A technical startup company known as Coil has decided to reward the number of seconds the content is actually watched through Interledger.

Coil is a startup company based in San Francisco and powered by the Ripple network. The company aims to create a benefiting plan by paying websites that make use of Web Monetization. It is important to know that Web Monetization is the latest way websites can get paid by using Interledger.

Subsequently, in an interactive workshop, Coil took out time to explain how Web Monetization can be used by websites to get paid automatically when their sites are visited, instead of using ads and click baits or paywalls.

Mr. H also made this known on his Twitter page,

Coil can reward the number of seconds, the content is actually watched. Read an interesting story you like-actively tip or ‘reward’ the content creator, now 10,000 actual views can be more rewarding than 1,000,000 ‘clicksbait.’ Clicks – business models will adapt to this and the quality of the internet can be restored. Less fake news & clickbait… The European Parliament wants by article 13&11 is actually similar to the solution that Coil provides. Enable another business revenue model to reward the content creators, reduce the amount of fake news and clickbait”

The Role of Ripple

Coil’s initiative is great and beneficial and there is no better way to do this other than using crypto rewards. However, Ripple is likely to be one of the standards for Coil’s new business model for content creators.

Coil has decided to use Interleger Protocol (ILP). In a recent statement, Coil’s team stated,

which means that you’re not tied to any currency, token, or single company. We’re going to start off with background on Interledger and Web Monetization before diving into how to use it yourself. The project aims to address slow block finality, high transaction fees and unsophisticated payment channel constructions that exist within blockchain payment solutions today. The team is building a decentralized payment network leveraging Interledger for clearance and is actively working on an Ethereum plugin for the protocol.”

If this gets actualized, people can also get rewarded through XRP. This news has come as a big surprise to all Ripple enthusiasts and they hope it may have a good effect on the price of XRP.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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 Pixabay.com

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Bitcoin about to drop to 4k, how will the market recover?

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It’s no secret that the cryptocurrency market (including Bitcoin) has been under a bearish run since last December 17th and it’s been going down steadily over the previous eleven months. But nobody was ready for the way in which the bears hit the market this November 14th.

It was just insane. The market capitalization for crypto went to its lowest point in a very short time. Bitcoin, which is crypto’s canary in a coal mine (so to speak) dropped below the 5k mark. It’s trading at $4,443 as we write this article and is expected to hit the 4k mark if things keep going in the same direction.

Can the trend change? Is there any good news to report? Any reason to be hopeful? The answers are: yes, yes, and yes.

The trend can and will change. We know this because drops as dramatic as the current one have already happened four times over the last ten years. Every time the market has bounced back to reach previously unexpected (allegedly impossible) heights.

About good news to report. There’s plenty. Blockchain projects like Ripple, Cardano, Stellar Lumens, Tron, and some others have reached impressive milestones this year. They are gaining adoption, becoming useful in the real world and securing strategic partnerships.

Also, even in the bearish climate, the crypto infrastructure has kept snowballing so you’ll be hard pressed to find any place in the world in which you…

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Kobe Bryant to Attend niTROn Summit 2019 Hosted by TRON as A Special Guest

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Event Hosted by Tron, niTROn Summit 2019, will take place at Yerba Buena Center for the Arts in San Francisco, USA, on January 17 – 18, 2019.

One of the foremost blockchain protocols in the industry that is committed to a vision of a truly decentralized internet; a platform that offers high-scalability, high-availability, and high-through-put, serving as the foundation for all decentralized applications in the TRON eco-system. The TRON protocol uses an innovative interface for smart contracts to improve compatibility with the Ethereum smart contract environment.

niTROn SUMMIT provides attendees with a platform for communication on a wide range of projects and allows practitioners, as well as KOLs from other industries to congregate and share blockchain solutions and innovations that will lead to groundbreaking technological advancements.

The summit will showcase TRON’s projects with follow up insights from the members of the community. Kobe Bryant, former NBA superstar, will attend the summit as a special guest.

After having achieved greatest as a sports superstar, Kobe boasts several entrepreneurial successes in the business world. His career as a basketball player was marked by 1-time regular season MVP, 2-time Finals MVP, 5-time champion, 2-time scoring champion,  4-time All-Star Game MVP, 18-time All-Star, 1-time Slam Dunk Contest champion, 11-time All-NBA First Team selection, 2-time All-NBA Second Team selection, 2-time All-NBA Third Team selection, 9-time All-Defensive First Team selection, 3-time All-Defensive Second Team selection, 17-time Player of the Month, 32-time Player of the…

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Stellar Lumens and XLM: All you need to know

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Stellar Lumens is a blockchain project that includes the XLM token. It’s meant to connect banks, payments, and people. How? By making money transfers around the world quicker, safer, more efficient, available to people that are usually outside the banking system at a cost so low that it’s almost free.

Millions of people are using Stellar already. It’s considered to be the closest project to Ripple (hence, its main competitor). But Stellar has found more use cases than Ripple so far and a strategic alliance with IBM. Those two things will end up determining Stellar’s success in the long run.

Stellar’s leadership, staff, and the team have raised a few doubts in the past. This project was founded by Jed McCaleb who also founded Ripple and eDonkey. The network’s governance and centralization could improve regarding transparency as well.

That being said, Stellar’s adoption and development have grown exponentially in a short time. It’s become one of the leaders regarding blockchain structure. And it’s been in the crypto verse’s spotlight for several reasons.

With all those successes, Stellar Lumens could do a better job when it comes to decentralized apps. In third-generation blockchain projects, smart contracts and dApps are crucial. This could allow competitors like Tron, Ripple or EOS to gain advantages over Stellar.

But Stellar’s versatility is such that it might disrupt many different markets. As a payment tool, it can affect the virtual (and the real-world)…

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