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Zilliqa (ZIL) Listed On CoinOne as Testnet v 2.0 Will Wow Us With Scilla Programming Language

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The Zilliqa (ZIL) token is currently now available on South Korea’s third-largest exchange, Coinone. The exchange made the announcement on the 27th of June of the listing via twitter. The availability of the token on the platform begun on the 28th as many crypto-enthusiasts have been waiting on the release of the second version of the Testnet that will showcase the revolutionary Scilla Programming language.

Scilla has been able to build upon the groundbreaking concept of Smart contracts found in Ethereum as well as to actually show a workable platform for sharding to take place on the Zilliqa Testnet. This will enable any decentralized applications that will be built on Zilliqa to be secure, scalable and be suited for a new class of blockchain applications such as payments, finance, gaming, digital advertising, media and more. These industries will surely benefit from the high throughput already evident on the platform.

The second version of the Testnet has been in development for quite some time now and the team has released it today, June 30th. The new name of the second version of the Testnet is D24 which is a popular durian variety of fruit prized for its creamy texture and bittersweet taste. The team had asked its twitter followers to try and guess what durian fruit it will be named after. This is based on the fact that the first Testnet had the code name of Red Prawn: also a durian variety of fruit.

The team is also developing initiatives that will allow applications to be easily built on the platform as well as to migrate to it. The Zilliqa Ecosystem Grant Program was announced earlier this month and will be a pool of $5 Million that will be given to great projects, teams, and individuals to start building tools and applications for the Zilliqa platform. The objective of this is to support and encourage great individuals and teams around the world to start developing tools, libraries, and Dapps for the platform.

Things are really looking good for the Zilliqa project as we enter in the third quarter of 2018. Current market analysis indicates that ZIL is currently up almost 15% at the moment of writing this. The token is currently valued at $0.07 after Bitcoin (BTC) made an impressive rally today, June 30th, and as a result, pulling up the entire market with it.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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