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VeChain (VET) Releases Updated Whitepaper While Waiting For MainNet Launch

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VeChain
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VeChain (VET), which is rapidly growing to become one of the most lucrative cryptocurrencies, has managed to find a permanent place in the crypto community for quality services, including financial services, smart contracts, and supply management, etc. Traders who are updated with the latest developments on the blockchain are likely to be aware of VeChain’s rebranding to VeChainThor (VET). The digital platform, which announced the testing of VeChainThor on Twitter, has released its updated whitepaper and development plans. With MainNet launch scheduled on May 25, the blockchain is all set to start a new chapter.

 VeChain Releases Upgraded Whitepaper After Rebranding

Operational since 2015, Vechain (VET) has evolved to become a leading digital platform for financial services, supply chain management, and smart contracts. As an ERC20 token powered by Ethereum network, it has a stable follower-base in the crypto community. The blockchain project, which is rapidly growing to become one of the promising investment options, is gearing up with some exciting updates to make a fresh comeback in the market.

Apart from VeChain’s (VET) rebranding to VeChainThor, this rising altcoin has announced some important updates, including the launch of the whitepaper and the much hyped-up MainNet launch.  Regarding the whitepaper release, VeChain Foundation reported, “Unveiling our ‘Development Plan and Whitepaper’ with an updated governance structure, economic model, and new use cases. This piece will gradually be updated throughout its existence to reflect the goals and growth of the VeChainThor Blockchain.”

As per the latest whitepaper launched by the developing team, VeChainThor Blockchain can be regarded as ‘the next generation of public blockchains’, which focuses on an improved governance and economic model, as well as advanced regulation and compliance abilities. As a promising non-profit digital platform, the blockchain strives to develop a trust-free and distributed ecosystem, providing users with high-end financial services which include seamless information flow and lightning fast value transfers.

VeChain Has Started the Public Testing of the MainNet

The rebranding of VeChain marks an important milestone for the currency, wherein it will enter into a new phase in the industry. The announcement which has been made official on Twitter has attracted positive responses from the investors. The development team has already initiated making plans to ensure the rebranding proceedings are efficiently executed. As per the latest updates, the upgraded blockchain has been tested in-house and is prepared for public testing.  Speaking of the public testing, the VeChain observed, “The public beta test is approaching! During this test, we will officially make our code base public. Additionally, we will be looking to bring on 100 community testers for our public alpha to work alongside esteemed cybersecurity organizations.”

After the announcement of VeChain’s rebranding, which has invigorated fresh interest in the platform, the VeChain team is waiting for the most anticipated project of the blockchain, the Mainnet Launch. Talks of the VeChain’s MainNet launch has been going on for some time now. Finally, the VeChain Main Net is ready for the public testing. The MainNet which is now undergoing public testing would be officially launched on June 30.

VeChain and Partnerships

The developments on the VET network, which have become the talking point for many investors, are not the only thing to watch out for. As for the VeChain investors, the news of partnerships can be a driving factor. According to the sources, VeChain Foundation has officially signed on two new partnership projects, with Bright Foods to regulate the company’s management system with blockchain technology.

As an internationally reputed company operating in more than 93 subsidiary firms in China and other countries, the company boasts an annual income of Y160 Billion. The tie-up suggests that VeChain would integrate its upgraded VeChainThor Blockchain into Bright Food’s supply chain and management system.

VeChain’s Market Response

Considering the depressing state of the crypto market, which has seen some disastrous performances from top performing currencies, VeChain’s response hasn’t been terrible so far. In fact, it is doing a decent job in the bearish market.  VEN has witnessed appreciable growth in the past few weeks, while other currencies were faltering.

The currency, which has moved up by 4.12% from its previous position, is still trading in the green and now available to the traders at $4.51. Ranking 16th by market capitalization, the market capitalization of VeChain is tantamount to $2,372,442,497, while it boasts a trading volume of $87,120,300 as of July 21, 2018.

The popularity of VET chain continues to soar as the blockchain embraces major developments into its system. With developments like the rebranding of the network and new partnerships renewing the interests in VET, all eyes are set on the MainNet launch.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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