Connect with us

Blogs

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

Published

on

Zilliqa
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

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

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite