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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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