Connect with us

Blogs

What the Future Holds for IOST HODLers: The Latest Developments

Published

on

IOST
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite