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Verge’s (XVG) and NEM (XEM) future looks good, here’s why

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Choosing a cryptocurrency for investing is a challenge, especially if you are not a very seasoned investor. There are so many different platforms and coins; each has different features so picking one correctly just gets harder as you dig in. You can read about each coin’s features but how can you tell which ones will do well and which are the ones that are just hot air?

Let me give you two hints. Verge (XVG) and Nem (XEM) have already proven they are up to the job. They are both reliable and solid cryptocurrencies, and their future just looks excellent. Let me tell you why.

NEM (XEM)

NEM (XEM) is among the most recent alt-coins, but it already exhibits the potential to take on the market’s legends such as Ethereum and Bitcoin. NEM is a blockchain that allows for smart assets through its platform, which was designed with corporate users in mind.

What’s NEM’s edge?

Most of the current cryptocurrencies go for proof of work (the algorithm Bitcoin made famous) or for the proof of stake algorithm (and variations). NEM is different it uses the proof of importance consensus algorithm, which is unique as protocol goes and ensures that the network’s safety is safeguarded.

That’s not all. The networks’ characteristic EigenTrust++, its reputation system, the Multisig accounts and encrypted messaging service are also hallmarks. These features secure the network so it can run dApps safely, and in a trustworthy way that also allows for smart contracts.

Sound scalable network

Among the strengths of the NEM’x blockchain, is the ability to scale. The platform was designed from the ground up so it would be as highly scalable as possible. 

That’s why this network can manage as many as three thousand transactions per second. This becomes an essential network feature as more and more apps work over the very same network. Scaling is not a problem for NEM but and advantage which is the opposite of what’s been happening to Ethereum.

Harvesting

Harvesting is another of XEM’s advantages. It simulates investors to come into the project. Let’s say an investor is interested in harvesting new blocks. He would only need to have 10000 XEM tokens. 

That amount will allow the user to join in the network’s harvest of new blocks and collect fees. This way new investors are encouraged to both hold the XEM currency and increase the network’s activity.

Partnerships

Partnerships play an essential role in any and all crypto coins. It prompts new users to adopt them and grants them credibility. 

NEM has done very well in this regard, closing deals with some very high profile companies around the world. They’ve sealed over forty partnerships that include names such as KChain, Blockchain Global, Paytomat and Tech Bureau Corp.

Every single one of this partnerships is making XEM available to the public instead of leaving it stored in digital vaults. 

The Xhai Studios is among these partnerships, and it could make XEM use grow exponentially in the video gaming and mobile video industry. If it sticks and works, it will amazingly increase NEM’s credibility.

Verge (XVG)

Verge’s growth is about to become one of the best ever to be seen in the crypto world. It has all to do with its unique platform but also with the controversial and very misunderstood partnership Verge managed to secure in mid-April.

What’s Verge’s edge?

Its features concerning privacy and anonymity are just unrivaled by any other platform until now. Some competitors are not ready to admit it, but Verge is just the best when it comes to this characteristics. This matters a great deal for users (current and new).

As the blockchain tech moves forward, people want anonymity, security, and privacy, and Verge offers exactly that. It does that by combining TOR, I2P and the Wraith Protocol. This feature is attractive to users and Verge has been getting it just right as it gives everyone full control over their own privacy.

Stable prices

The high volatility shown in the past by Bitcoin and Ethereum has kept many potential investors away from cryptocurrencies. While fluctuations are unavoidable for sure, XVG has been very stable as it has not shown the wild swings so many other alt-coins have had. 

It is a factor that new investors take into account when they search for a coin they can use for investments. Verge has been doing very well in this regard and chances are it will keep growing and gain more acceptance.

Verge keeps payment verification simple

Verge has been called the “next Bitcoin” because transacting in Verge’s token is incredibly swift. This is because of their SPV (Simple Payment Verification) protocol which makes it easy to adopt and a lot more usable, even than Bitcoin. It’s not merely fast; it’s also very cheap.

Partnerships

Verge’s recent partnerships are among the factors that make it more viable right now. Their association with the world’s top adult entertainment platform has shown the world this technology is available for every day use and it’s been backed up by many other parties. 

After that partnership, many others have followed suit and it the coin is about to create a debit card along with TokenPay. Verge is becoming so widely accepted in such a short time that it can only mean it has a very interesting future ahead.

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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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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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