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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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