CasinoCoin, which was launched as a Litecoin fork, has come a long way from its initial ICO days. Operational from 2013, this rising altcoin is set to revolutionize the gaming industry. As a peer-to-peer gambling blockchain, it strives to regulate the gambling industry for a rewarding gaming experience. This promising cryptocurrency, which is available to traders at $0.000834 at the time of writing, ranks among the best-performing currencies of 2018.
CasinoCoin (CSC): A Gambling Blockchain for Gaming Enthusiasts
CasinoCoin, the open source blockchain, offers its users peer-to-peer currencies for a one-of-its-kind gaming experience. As a fork of Litecoin, this digital coin provides its users with a digital wallet, a translucent blockchain, and top-notch security services. Although issued back in 2013, it was invisible for most of the time and was taken over by a new development team in 2017. However, it has witnessed a steady rise in popularity in the recent time. Equipped with new updates and striking features like KYC/AML, it offers a more secure mode of gambling for game lovers.
Key Features of CasinoCoin (CSC)
As a non-profit entity, CasinoCoin (CSC) was launched with the vision of a number of important goals. Apart from educating the regulated gaming industry on the advantages of blockchain technology, it was designed as an exclusive currency for online gaming. CasinoCoin (CSC), which owes its origin to “Black Friday”, one of the most notorious projects in the crypto-sphere, was developed to solve the gap created by the infamous cryptocurrency. In its bid to offer a regulated gaming experience, it has updated itself with a number of interesting features. Some of its notable features are discussed in the following segment:
- Updated Algorithm: The new developers, who have joined this crypto project back in mid-2017, have updated the algorithm of the blockchain for a more regulated gambling experience.
- Lightning Fast Transaction Speed: As per the reports, the updated CSC features offer a lightning fast transaction speed. With a transaction speed of 3-5 seconds, CSC features among the fastest currencies in the industry.
- Lower Fees: Trading at $0.000834 at the time of writing, CSC offers an affordable gambling experience to its users.
- Coin Swap: All unclaimed and disused currencies can be used as a fund.
CasinoCoin’s (CSC) Market Response
With a market capitalization of $30,014,899 as of April 10, 2018, CasinoCoin is listed in cfinex and BitFlip, two of the most renowned crypto exchanges, has evolved to become the preferred digital currency for online gambling. As per the recent records, the cryptocurrency has moved -12.67% over the last 7 days. CSC, which has reached $0.0008, hasn’t been in the spotlight for the greater part of 2017. However, after the joining of the new developers in the team, it has witnessed a steep rise in popularity. Apart from the improved features, CasinoCoin comes with all the advantages of a standard blockchain, such as high transparency, advanced security, and faster transactions.
Ever since the introduction of the blockchain technology, it has created a lot of noise in the market. With more than 800 currencies on offer, the cryptocurrency market is rapidly growing to become one of the largest financial ecosystems. The peer-to-peer blockchain technology, which allows processing of transactions without a third-party involvement, has been successfully deployed for a number of applications. When it comes to gaming applications, CasinoCoin is not the first one to integrate blockchain technology into the gaming industry.
Today, a number of big names of the gaming world are associated with the open source blockchain ledger, and CasinoCoin is recognized among them. This rising altcoin, which ranks #221 at the time of writing, has traversed a long way from its ICO days. Considering the impressive performance in the present market, its potentials cannot be entirely dismissed. As a formidable contender to the crypto giants, CasinoCoin can be accounted as a game changer in the crypto-space.
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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 Nick Ares via Flickr
TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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