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Ripple CEO set to be part of Mars Blockchain Summit alongside reps from NASDAQ, Barclays, and the likes

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The cryptocurrency market is not predictable as inevitable changes develop continually. But one blockchain project that’s become the talked-about pet of the market and has been consistent in making headlines lately is Ripple. Of course, the credit goes to its team and the head – they tend to stay engaged and build trust as it should be done.

Now, Ripple has come to the lights yet again. Mars Finance, in collaboration with Chinese investors, is set to hold a Blockchain Summit on Oct 18, 2018, in New York. It is important to know that the upcoming Summit will host great Fintech companies, global leaders in the financial sector of the world from Wall Street, China, and the investment industry.

The Summit is set to hold for a day, and the discussion would primarily be on the “Next Step” to attain the tipping-point for the blockchain industry of the world and how to stabilize the world’s financial market. Other discussions could be on stable-coins and how the blockchain industry can be governed effectively.

Moving forward, the Summit might include a discussion with Ripple, Morgan Stanley, NASDAQ, Standard & Poor’s, Barclays, and Digital Galaxy. On a relevant note, the founder of Mars Finance, Fred Wang, is aiming at increasing the reach of Mars Finance to other parts of the world by creating a Mars Finance US Edition that will also be unveiled during the Summit.

On that view, Mars Finance will not only be featured in China alone but also in the United States, as this will further boost the importance of blockchain and link-up blockchain enthusiasts in the crypto-sphere.

Invited personalities from China that are going to be available for the Mars Blockchain Summit include: Dao Yuan, Chairman of Zhongguancun Blockchain Industry Alliance; Shuoji Zhou, a well-renowned personality in China’s blockchain Industry and the CEO of FBG Capital; Chuanwei Zou, Chief Economist at Bitmain; Tianyuan Wei, Partner of Sharp-Eye Capital; and Feng Han, of Elastos.

Other notable personalities that are expected to attend the event also include, the CEO of Ripple (XRP), Brad Garlinghouse, CEO of Coinbase, Brain Armstrong, Winklevoss Brothers, Katina Stefanova of Marto Capital, Danny Aranda, an executive at Ripple (XRP), and Eugenio Gomez, a Financial Professional at Harvard Law School.

Subsequently, the upcoming Mars Finance blockchain Summit is expected to be a bigger-scale event, and companies such as DFG, Sharp-Eye Capital, Consensus Lab, EUB Chain, and Crypto Capital will also co-host the event together with Mars Finance. Another attractive side-event that will be added to the Summit’s theme is an all-night cocktail party, which will attract investors to exchange pleasantries.

That aside, the Chinese cryptocurrency frontrunners (as well as others such as the head of Ripple) will get to meet great investors and FinTech institutions from WallStreet. There are no doubts that the upcoming Mars Finance Blockchain Summit will be another important event in the blockchain world.

It could set a new landmark in the blockchain industry. Will blockchain be implemented in the traditional finance system soon since things are catching a good bit of steam now? Well, only time will tell on that, and as the Mars Finance US Edition is set to be released, the event might play an essential role in that cause.

But one thing is for sure, the CEO Ripple, Brad Garlinghouse is on a mission to revolutionize how the world deals with finance currently. And, he is trying not to miss a single opportunity to boost the awareness and mass adoption of the blockchain platform he leads.

XRP’s Price Overview

After a significant dip experienced by the market last week including XRP, Ripple is recovering gradually. At the time of writing, XRP is in the green and has increased by 5.84% over the previous 24 hours. At the press time, Ripple’s digital currency token is priced at $0.465 with a market capitalization of $18,609,913,871. The crypto is the best gainer among all top digital currencies if we take last 24 hours’ price performance in the account.

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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.

[Photo source: marsfinance.net/newsdetail/20181010102117402005.html]

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Can Sharding Fix the Limitations of Blockchain or is the Network Doomed?

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Performance and scalability issues have bottlenecked the future development and real-life application of popular mainchains, such as Bitcoin and Ethereum. Many methods have been employed to solve this problem, but all of them have their own pros and cons.

The Impossible Trinity – safety, decentralization and scalability, coined by the blockchain world, bars the way to the future and the industry has fought hard to figure out an optimized solution. Sharding, proposed by Ethereum, has been viewed as one such candidate.

What is sharding?

Sharding technology splits a network into smaller partitions called shards, which contain an independent state and transaction history. The idea behind this is to divide a huge amount of workload into smaller pieces to make life easier for every participating node.

If sharding were to be adopted, each node will only need to keep a part of the network’s information, instead of downloading the whole ledger, which can lead to a large data file. Subsets of nodes grouped into one shard will only process transactions specific to that shard. By doing this, the network will be able to process many transactions in parallel, and the performance will continue to increase with more nodes joining in, thus making the network highly scalable.

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Altcoins

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

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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