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TRX, EOS, ZIL, VEN, ADA: 5 ‘just around the corner’ main net launches

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The technology behind each cryptocurrency is one of the factors that makes a project interesting and worth investing in. Five major digital coins are going to soon release their very own Main Nets in a move that promises to revolutionize the way they will perform and the interest they will gather from both fans and neutral investors alike. We’re talking about Tron (TRX), Zilliqa (ZIL), EOS (EOS), Cardano (ADA), and VeChain (VEN).

Each of these five projects has a faithful and enthusiastic community behind them. They have a current Test Net version too that’s been online for some time, in preparation to release their Main Nets, and they are all about to release their very own blockchain technology (their new Main Nets). This has created a lot of expectations in the market. ADA is a bit of an exception, but more on that later.

Let’s start with Tron (TRX). They scheduled their Main Net release for this May 31st, that’s just ten days away as I write this. Tron is Justin Sun‘s corporation which has its own currency (TRX), but their blockchain technology doesn’t only aim to support TRX but to decentralize the whole web, especially its entertainment content. 

It’s a particularly ambitious project that’s gathered incredible amounts of momentum in fewer than twelve months. Some other exciting announcements from Tron are expected to be published soon.

Then there is EOS. The launch’s exact date has created a lot of speculation, but the online countdown available on the project’s website is set to 2 June at 22:59:59 UTC. 

Their goal is to become the go-to platform for decentralized applications development and a superior smart contract capability to Ethereum’s.

A third Main Net will be launched this year by VeChain. It’s alpha tested currently by a hundred selected users. When this stage is completed, they will move on to a ‘Public’ beta Test in which any user can participate. VeChanThor (the new blockchain’s official name) is expected to come online in late June, but the exact date remains unknown. 

Zilliqa is another project that has a live Test Net running since the March 31st. Zilliqa introduces many interesting new concepts and tools to the crypto world. Like the idea of sharding mining in which each mining task is divided into several smaller pieces that can be processed in parallel with each one accounting for a transaction.

It also includes the Scilla programming language that is designed to be secure and developer-friendly. Zilliqa’s ultimate goal is to bring previously unknown scalability to smart contracts. The exact release date remains unknown, but it’s expected to come online on this year’s third quarter.

Last but not least is Cardano (the project behind the ADA cryptocurrency), and it’s gathered so much interest that observers can’t wait for the thing to be released. 

Their new Main Net is actually already running; it has been since last September 29th. But so far it’s been running only in three trusted nodes that are hosted by the Cardano Foundation, Emurgo, and IOHK.

The next step on the ADA roadmap is called Shelley, which is the Main Net’s decentralization. This will happen this year at some point in either Q2 or Q3. 

The initial release will be about stake pool testnets and delegation. It will enable users into delegating their stake or, also, be stake pools for having other stakes delegated to their pool.

So the difference between ADA and the other four is that it’s already running on its very own blockchain and Main Net, so there will be no migration happening. Their update will be about bringing decentralization about.

So there you go, crypto enthusiasts! These are the coins that will go for their own Main Net this year. Keep reading our posts so you can find out the exact release dates for the projects that have not announced them yet.

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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 Pxhere.com

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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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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