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Zilliqa (ZIL) Is The True Ethereum Killer, Not TRON or EOS

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A previous article by Global Coin Report had put the case of Ethereum (ETH) being able to withstand the Tron (TRX) and EOS (EOS) MainNet onslaught. The reasons for ETH being the King of Smart contracts, and firmly at the number 2 spot according to market capitalization, were outlined also in the opinion piece less than two days ago.

The first reason why Ethereum would weather the onslaught brought about by TRON and EOS was that the Ethereum platform was time-tested. There was also the idea that with sharding being introduced in the ETH platform, Crypto Kitties and other animal DApps will no longer slow down the ETH platform.

A second reason why Ethereum would weather the storm of the two MainNets was that EOS had recently been exposed to a major security vulnerability and the TRON foundation offering a $10 Million bug bounty reward to any developer or team of developers, that would find any security issues in its MainNet. This means that both projects are not 100% ready to take on Ethereum.

But in comes Zilliqa (ZIL) with the Scilla Programming language as well as already demonstrated sharding on the currently live Testnet. The Scilla programming language is developer friendly. The developers need not learn a new programming language such as Solidity. Also to add is that Scilla is blockchain agnostic in that it can be integrated to any other existing platform. This is some flexibility that has been unheard of in the blockchain. Perhaps Zilliqa can eventually spearhead the much-discussed interoperability between blockchain platforms that Ripple has been working so hard to achieve.

Smart contracts on Scilla can also be verified before the smart contracts are launched. This way, developers can put them through rigorous tests to check vulnerabilities rather than waiting for them to be discovered as was the case with the Parity incident on the Ethereum platform.

One thing that is unique with the Zilliqa project, is that Sharding has already been tested and demonstrated during a meetup in Singapore. In the demonstration, the team managed to have 6 shards that could perform 2,828 transactions per second. The increment in tps (transactions per second) on the platform, is in a linear manner and the processes will not be interrupted if one shard is attacked. The platform is robust and solid.

Last but not least, the ZIL MainNet will be launched in the third quarter of 2018. We are in the early days of the third quarter right now and anticipation is high within the crypto community with respect to the MainNet launch. ZIL has also been predicted to be valued at $6 by the end of the year.

Therefore, and in summary, Zilliqa is indeed the Ethereum Killer and not Tron or EOS.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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