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What Has VeChain Been Up to These Days?

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VeChain
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VeChain has always been an enterprise-focused IoT and dApp platform for various products and information. The aim of this company is to successfully connect blockchain technology with the real world by providing the strong infrastructure using RFID and some other similar IoT technologies present. VeChain is famous for hitting headlines daily and its recent performance on CoinMarketCap made its fan/followers ask, ‘what is this project up to next?’ and ‘what to expect from VeChain?’. Undoubtedly, this project has been one of the most successful Chinese cryptocurrencies of all time and in this article, we shall find out what their team has been up to all this week.

About VeChain

The word ‘VeChain’ means ‘the only chain’ which shows the team’s objective to be the only one standing in the crypto market and rule over all the others. Many analysts have proclaimed that VeChain doesn’t seem to be an improved version of bitcoin, although its capability and features could name it ‘the IBM of blockchain’ soon enough. Their recent rebranding to VeChain Thor has led to the remodeling of economic structure to benefit their enterprise-focused platform. VeChain has both technical and business strength that helps in making it one of the most dependable blockchain project.

VeChain in Business

This project has made strong partnerships with famous and huge enterprises since the very beginning of its path. The company is now deeply rooted in its strong connection with the business sector’s biggest names. This way, VeChain made their lasting impression on every business-sector executive.

Their partners who do not need any sort of introduction are listed below:

  • China Unicom
  • BitOcean
  • Hyperledger
  • PwC
  • DNV GL
  • Renault
  • Microsoft
  • I.G

And according to VeChain’s team, there are more to come in future. Even the central government of China has eyed VeChain for a long time. The famed VeChain announcement of ‘national level partnership’ cleared all doubts regarding government’s increasing inclination towards the VeChain project. They got the chance to trail VeChain technology in the special government zone, Gui’an new area. Through the afore-mentioned partnerships, we can ascertain that VeChain is not only armed with a creative and genius team but also well-equipped with a brilliant business development plan.

VeChain in Technology:

In case of technology, VeChain is ahead of many other blockchain projects that have existed in the market. They’ve collaborated with the world’s leading RFID solutions providers for their hardware department aid and for chips which are specifically designed for being used on VeChain. They have a ’use-case first’ approach to design that has helped its 40+ developers team to reach the top cryptocurrencies with a transaction speed of 10,000 transactions per second. The company has tried its hands and tested the usability of their blockchain in industries of varying nature such as luxury goods, liquor, and even agriculture. All these use-cases have traversed beyond the proof-of-concept and have been launched on the global market already.

Recent Developments of VeChain Team:

  • VeChain Multi-Party Payment Protocol

VeChain’s development has been an accumulated result of its mass adoption of blockchain solutions by its partner companies/industries to solve some of the many real-world problems. Recently, the team has officially launched their new tools which are a technical solution for payment types and is being called ‘VeChain Multi-Party Payment Protocol’ or ‘MPP’ in short. This tool was made to facilitate transactions between multiple parties even if the data is being transferred from one non-token owner to another. Which means that the everyday users of the MPP will use VeChainThor blockchain without knowing it. The company has assured that the MPP does not result in any change in the end user experience.

  • VeChain and INPI Asia Unite Nanotech Digital Identity Solutions

On 22nd April, VeChain officially announced their recent collaboration with advanced digital identification and IoT device solutions developing and providing company, INPI ASIA. This company is famed to be one of the pioneers in digital identification by using a combination of nanotechnology, secure digital tech and photonics tech to create a new type of digital identification system which is being dubbed as NDCode™. This solution adds to the IoT market according to VeChain by adding nano identification within products and constructing a world of securely connected things. it enables high-level security with the addition of photonic property. This new solution will also unlock the untapped scalability potential while maintaining cost efficiency. When the VeChain blockchain will be combined with NDCode™ it’ll provide authenticated traceability, the capability of auditing for protection against any sort of data fraud on the server.

Conclusion

VeChain aims to be the worlds leading blockchain enterprise in terms of usability and performance. VeChain Thor platform is paving its way towards mass adoption. According to VeChain’s performance in the crypto markets for the past few days, it’s evident that this enterprise is growing in all aspects. It is currently ranked 16th on CoinMarketCap with an individual price of $3.64 USD while its total market capital rests at $1.9 billion USD. The VeChain platform still has a long way to go and make its rightful place within the top 10 largest cryptocurrencies of the world. So, till then its going to be interesting how it traverses the huge gap and become the so-called ‘IBM of blockchain’.

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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.

Image courtesy of J B via Flickr

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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