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Why NEO is one of the best performing coins

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NEO
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NEO is one of the top performing coins on crypto charts and for good reason. It bears a lot of similarities to the ethereum blockchain but has sought ways to set its model apart. This cryptocurrency uses a smart economy approach to implement its distributed network concept. Its main objective is to digitize assets using its innovative amalgam of blockchain technology and digital identity.

Asset Digitization and Identity on the NEO platform

It essentially creates a novel way for asset registration, issuance, and circulation. This means that tangible assets like real estate, company shares or even fiat money can be digitized and traded on the NEO network, thus giving rise to a whole new economy.

Its digital identity system allows for integration between the platform and the real world economy. It has custom digital identity standards that enable the creation of electronic identity data for individuals, organizations and even entities. These electronic systems use multi-layered authentication models that include facial and voice recognition as well as fingerprints.

All digital assets on the platform enjoy legal protection thanks to the use of digital certificates on its public blockchain. This, in turn, guarantees trust as the system offers an indelible and unalterable record of all entities’ holdings.

An Eco-friendly Consensus Model

A particularly striking difference between NEO and ethereum as well as other cryptocurrencies is its custom consensus algorithm, the delegated Byzantine Fault Tolerant mechanism (dBFT). This algorithm is a lot more energy-efficient than Proof-of-Work consensus algorithms. It offers an ecologically-sound solution for eco-conscious crypto users and also reduces operational costs significantly.

dBFT uses a custom bookkeeping method to facilitate consensus on network nodes. This system uses what is referred to as delegated voting, requiring two-thirds of the nodes to agree for a transaction to be approved. This means that transactions take a shorter time to process, offering increased user convenience.

Lightweight Architecture

In addition to this, the system makes use of NeoVM, NEO’s Universal Lightweight Virtual Machine to offer high scalability, certainty, and concurrency for the smart contracts on its blockchain. This unique aspect of its architecture makes it capable of handling up to 10,000 transactions per second. This number far surpasses the capacity of most of the top crypto networks making it a practical transactional platform.

The model also incorporates concurrency and sharding by default into its computational structure and this contributes significantly to its scalability.

NEO Smart Contracts

Just like ethereum, NEO has smart contract functionality but it offers a revolutionary approach to this concept as well. On this platform, developers do not need to learn a new programing language in order to code contracts. Its versatility allows for the use of all mainstream languages making it a popular choice for developers.

This flexible blockchain model also offers a way for the system to be deployed and to operate effectively across disparate blockchains. It thus positions itself strategically as a public cloud and an industry leader in the blockchain platform sphere. It is for these reasons that NEO currently boasts a market capitalization of more than $8 million and a token value of more than $120 in spite of being less than two years old in the industry.

We will be updating our subscribers as soon as we know more. For the latest on NEO, sign up below!

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.

Image courtesy of Chris Goldberg 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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