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What the Future Holds for IOST HODLers: The Latest Developments

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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