Connect with us

Blogs

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

Published

on

Verge XVG NEM XEM

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.

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 Abigayle via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release