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.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…