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What the Future Holds for IOST HODLers: The Latest Developments

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IOST
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IOST or IOSToken began its journey amidst the market turmoil in January 2018. Since the beginning of this year, the crypto-world has been witnessing considerable ups and downs in the price and market capitalization of some extremely popular coins. Bitcoin, a name that stands out from this group of capricious currencies, is still recuperating from the gaping wound inflicted during the first quarter of this year. As the cryptocurrency market is immensely competitive by nature, one coin’s loss is always another coin’s gain. Therefore, the plummeting of Bitcoin’s price created a golden opportunity for a large number of coins that are beyond its purview. IOST (also known as the Internet of Service Token) certainly belongs to this group of cryptocurrencies.

Since its inception on January 15 of this year, IOST has been making inroads by toppling several big guns. One of the major reasons behind this phenomenon is the highly advantageous service that this coin offers. The sole purpose of this coin is to offer a highly scalable blockchain system with impeccable transaction speed which would make the internet more accessible to the traders across the globe. As the internet is the heart and soul of modern society, it didn’t take much time for IOST to grab the attention of potential investors. This coin is also very transparent as it releases weekly updates to keep its users conversant with the latest developments.

In this article, few of the major developments that took place in the previous week would be discussed to elucidate their combined effect on the future of this coin and its holders.

Major Technical Updates:

  • Transaction Updates: As the pièce de résistance of IOST features is its scalability and transaction, the development team always puts their utmost care in improving and maintaining this system. During the previous week, IOST transaction system has undergone several changes. Various functions like network peer verification & execution, transaction initialization, response inspection, transaction commitment, and response assembly have been successfully completed and tested. Also, the endorsement of payload resolution and peer signature visa has been initiated along with debugging the entire system.
  • Node Updates: The IOST team has been working on various aspects of IOST nodes for the last few weeks. Almost all of them came to fruition last week. The major completed node developments include implementation of data dissemination mechanism, end-user functionality, full sequence broadcast, peer link functions, implementing identity transfer protocol and delivery service, and many more.
  • Ledger Updates: The IOST ledger has undergone some major upgrades as well in the past few days. The development of several modules including the state modules, state transition modules, modules sending order transaction generation blocks, and sorting service APIs have been successfully completed during the previous week and have been put to use subsequently. Besides this, the configuration blocks of access control and other policies have been executed successfully. Also, the validation process of various transactions has been completed thereby increasing the level of security. Furthermore, a functional library has been implemented in order to test and verify the entire lifecycle of each transaction.

Notable Partnerships and Listings:

Apart from the technical developments, the past week has been pivotal for the IOST community and circulation as the currency gets engaged in partnerships with a couple of reputed cryptocurrency exchanges – Zebpay and KKCoin. Zebpay is one of the top crypto-exchanges in India and there is absolutely no question about the credibility of the other exchange from Singapore, KKCoin. Both of these listings are likely to expose IOST to more potential traders residing in these two Asian countries. Zebpay is the second Indian exchange that listed this currency. As India is rapidly becoming one of the leading nations in dealing cryptocurrencies, this partnership is likely to bring lucrative outcomes for this coin.

Other Notable Updates:

Huobi Pro, one of the most eminent names among cryptocurrency exchanges issued HB10 on the 1st of June, 2018. HB10 is mainly an index product that would determine 10 of the most promising digital currencies available in the market based on parameters like technological ingenuity, market capitalization, and trading volume. IOST has managed to be a part of this prestigious list which is likely to magnify its popularity among traders considerably. It currently holds the fourth position on that list right behind Ethereum Classic, Dash, and Litecoin.

As far as the IOST community is concerned, the incessant growth continues with IOST participating in major meet-ups in China, Japan, and other countries of Southeast Asia.

Current State of IOST:

As of this moment, IOSToken holds the 50th position on Coinmarketcap with a market cap of approximately 348 million USD and price equivalent to nearly $0.04. As per the price charts, its growth in the past few days is considerably higher than that of Bitcoin.

Final Thoughts:

Within less than six months, IOST has managed to climb a long list of 1600 coins and acquire the position it is currently in. If the recent upgrades increase its efficiency and functionality as per speculation, the holders of this token can expect a major upsurge in the coming days. So, at the moment, it wouldn’t be a fatuous decision to hold onto this coin.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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