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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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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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