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Zilliqa (ZIL) expected to perform better as its Mainnet release approaches

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Zilliqa (ZIL) is a new kid in the cryptocurrency block and just eight months; the young cryptocurrency is already posing a big threat to other established currencies such as Ethereum. What has made this blockchain technology and virtual currency to stand out is its decision to stay out of the media limelight and headlines to instead concentrate on the development of its infrastructure and the closing of existing gaps and loopholes that have been neglected by other cryptocurrencies.

Zilliqa (ZIL) might not have received a lot of attention before, but from the careful review, the digital asset is showing signs that it might be one of the projects worth observing and following in Q4 of 2018 and into 2019.

Although recording steady and impressive growth, the lead project team appears to have neglected an important component that might prove to be of importance in the success of the blockchain technology and virtual currency, marketing their product.

At present, the current growth being witnessed on the blockchain technology is a result of the efficient and effective technology and infrastructure driving the blockchain technology. Since inception, the stellar system performance has been the major marketing tool for the technological savvy individuals, but for the ordinary investor or trader, the price value of the digital coin is what is driving them to invest in the digital asset.

When you ask a Zilliqa (ZIL) follower and adopter what draws them towards the virtual currency, they will respond back to you that the security of the platform is one of the safest dApp hub in the market, its unsurpassed delivery throughput, and its efficient smart contract distribution environment. All these attributes might sound similar to other virtual currencies, but Zilliqa has the upper hand compared to them. Here is why:

Zilliqa is Immune to Sybil Attacks

Zilliqa does not take security and securing their platform lightly. By deploying the pBFT better known as practical Byzantine Fault Tolerance attribute, Zilliqa manages to strengthen the networks’ consensus governance backed by proof of work that safeguards the blockchain technology against Sybil threats.

In comparison to bitcoin’s consensus protocol, the pBFT technology takes a superior position as it does not require block confirmation in terminating any initiated process or transaction.

Sharding Attribute Available in Zilliqa (ZIL)

In the blockchain industry, Sharding technology is a first one by Zilliqa that assists the blockchain technology’s weight in making transactions smooth and fast. For other cryptocurrencies such as Ethereum who have been struggling with containing storage, bottlenecks are exploring ways they can implement Sharding in their operations. The adoption of the sharding technology is assisting reducing Ethereum’s transaction speeds that have been the cause of driving their costs up.

At the time of writing, the Zilliqa website reports that the performance bar of the blockchain technology stands at 2,837 TPS. The exact TPS for Zilliqa is yet to be established as the stress testing is still in process. How sharding works are by breaking down huge chunks of nodes which in turn produces improved throughput.

The Anticipated Zilliqa Q4 MainNet Launch

Zilliqa (ZIL) is attracting a lot of interest from significant companies and firms as the blockchain technology aligns itself in coming in agreement with strategic partners and launching its much-awaited MainNet at the end of this year or early next year.

According to earlier reports from the company, the mainnet was supposed to be launched in Q3 this year, but due to the need for more time to work on features that include the integration of wallets, preparation for token swaps, development of tool-chains among other features, it will be launched in Q4. Upon the launch of the mainnet, Zilliqa stands to gain and grow by three folds.

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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

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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Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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