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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…