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Will EOS (EOS) Edge Out Bitcoin Cash (BCH) After Its MainNet Launch?

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As Tron (TRX) steals the spotlight with its own MainNet launch on the 31st of May, EOS (EOS) is also preparing for its own launch MainNet on the 2nd of June and at 22:59:59 UTC time. The current countdown available online shows that we are less than a week from the launch.

Back in Mid April, EOS managed to edge out Litecoin (LTC) from the number 5 spot according to coinmarketcap.com. This happened around the 11th of April, EOS jumped by 31% in value to trade at $8.76 and taking the number 5 spot from Litecoin. EOS has since held on to that position with a market capitalization lead over LTC that is now at $4.2 Billion.

The next contender for EOS on the list on coinmarketcap.com is Bitcoin Cash (BCH). The coin is holding on to the number 4 position with a market cap of $17.623 Billion at the moment of writing this. The gap between BCH and EOS is of a market cap worth $6.563 Billion. To catch up with BCH and edge the coin out of the number 4 spot, EOS will have to be valued at $20. EOS had reached this value and surpassed it on the 29th of April this year when it peaked at $21.46.

But many crypto-enthusiasts believe that EOS has its sights on a ‘bigger fish’ in the name of Ethereum. Many believe that EOS will be the Ethereum killer in terms of being the platform of choice for developers creating decentralized apps and even in terms of market capitalization. To note is that the Ethereum network has been hit by issues with regards to its security and scalability. The ETH network has been found to have over 34,000 vulnerable smart contracts with the most famous being the Parity incident that leftover $200 Million in ETH locked up indefinitely in a smart contract.

The Ethereum platform has also been recently clogged due to Crypto-kitties and other DApps such as Pepe the Farmer and Shrimp farming. The current backlog in transactions stands at over 27,000 in the Ethereum network and according to Etherscan.

This then gives EOS the chance to prove itself in terms of providing a secure and more scalable option to that of Ethereum. The current Technical Paper of EOS available states that EOS will be a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This will solve the transactions per second issue seen in Ethereum. In terms of security, EOS has introduced a time-based security option where certain actions must wait a certain time before being executed.

The rest of the capabilities of EOS can be read on the whitepaper. Another option will be to wait for the MainNet launch on the 2nd of June that is sure to bring some action in terms of boosting the value of EOS in the markets.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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