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VeChain Thor (VET) to Conduct the Beta Public Test: Main Net Launch Following

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VeChain
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While slowly observing VeChain (VEN) being transformed into VeChain Thor (VET), Coin Market Cap still recognizes this digital asset as VeChain (VEN), prior to waiting for the full transition of the asset from VEN to VET upon launching the main net. Before the initial launch, VeChain will be conducting the Beta Public Test after successfully testing two previous versions, Alpha 1.0 and Alpha 2.0. This is, needless to say, very exciting for the chosen public testers and VET likewise, as this is the last step that needs to be completed before moving onto the final stage of the Beta Public Testing – releasing the official VeChain Thor Main Net.

VeChain Takes on the Beta Public Test

Back in May, specifically on May 1st, the team behind VeChain has announced a plan revolving around the testing of main net versions that were to be released for the public testers.

On this occasion, one of the team representatives has published the schedule of public tests, describing how the entire experience should look like while explaining the role of public testers along the way.

The team has been working on the main net development starting in 2017, and finished all preparations in April of 2018, while the team went on with releasing the Alpha version 1.0 in mid-April while finishing the testing of the first version by mid-May.

Since May to early June, the team has been working on conducting the tests with the second version of the system called Alpha 2.0, which led to the public testing of the Beta version that was scheduled for early June back at the beginning of May when the team announced their plans prior to the launching of the new VeChain Thor main net.

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The Beta Public Testing should start today as previously scheduled for June 14th, which means that the beta testers will be testing the Beta version until the end of June with an open source code.

That means that once the Beta Public Testing is successfully conducted, which should be completed by the end of the following month, we can expect to see VeChain Thor being officially launched, which would include the full transformation of VeChain VEN to VeChain Thor VET.

The Participants of the VeChain Beta Public Testing

Prior to releasing Alpha version 1.0 to the public, the team behind VeChain has been conducting their own tests that were being performed internally and away from the eyes of the public.

Afterward, the team made Alpha 1.0 available for testing as of mid-April. In order to make sure that the testers will be able to conduct the initial testing with a success, the team has announced that they will be recruiting 1oo public testers prior to releasing g the test versions.

It has been stated on this matter that the application for becoming a public tester for Beta Public Testing and Alpha Public testing will be open till the beginning of June, which means that all 100 public testers have already been recruited.

The public testing of the Beta version should begin today on June 14th and should last until the end of the following month, when we can expect to see the result of hard work made by the team VEN, soon to become VET.

The testers are required to own skills and knowledge in cyber technology, cyber technology, software security, and software applications for enterprises, software development, security and smart contract testing as VEN team stated that they are interested in working with individuals that are highly skilled and can respond to the requirements of Beta Public Testing.

With the Beta Public Testing, the public will be able to test the new wallets along with testing the chain. This is at the same time the first time that the open code will become available for the public.

In case the tests show the need of improvements prior to launching the main net, VeChain Thor claims that the launching may be postponed until the potentially present issues are resolved, but for now, everything seems to be going smoothly.

VeChain Thor is aiming at being able to support thousands of transactions being simultaneously processed within a matter of seconds, so the Beta testing aims to confirm that this would be made possible on the future VeChain Thor main net.

VeChain Performance

While still known as VeChain (VEN), the 17th-best currency on the global coin ranking list is going up today with the latest change in the market.

After acquiring a rise of 2.36% against the dollar, VEN came closer to the value of 3$, as VEN can be currently traded at the price of 2.91$ per one unit, while additionally rising against BTC and ETH.

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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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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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