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

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Zilliqa

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.

Image courtesy of Pixabay

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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