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Zilliqa (ZIL): In Anticipation of the Test Net 2.0 Release

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Zilliqa
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Zilliqa, a relatively young coin, has promptly gained the attention of the crypto community, thriving both in the market and technologically while gaining a reputation of a promising coin. One of the reasons why crypto enthusiasts and investors noticed ZIL lies in the fact that Zilliqa is working on solving one of the greatest issues in blockchain technology – increased scalability.

Thanks to a unique technology called sharding, Zilliqa has gained its position among the top 30 best cryptos in the market, that way showing that a newbie on the block can most certainly surprise the competition, and even pose as a role model for achieving scalability with blockchain technology.

Zilliqa to Release Test Net version 2.0

In accordance with Zilliqua roadmap, the team behind ZIL, a team of scientists from the National University of Singapore, the official whitepaper describing the blockchain project Zilliqua was released back in August 2017, after which the result of the internal test net was announced and released a month later in September.

Zilliqa has soon shown to be more than just another coin while presenting the term of sharding, representing it as a solution towards obtaining increased scalability.

Sharding, which is a principal now being adopted by several other blockchain projects, is based on parallel operations between chains, that are in accordance with ZIL technology divided into smaller parts, known as shards.

By having shards communicating to provide parallel communications between smaller parts of chains, the network is made to be more scalable allowing around 4000 different transactions to be processed within a single second without creating jams or network cluster.

However, Zilliqa is planning on providing more to its users than “just” a prompt payment service, so that is how the team behind this asset is planning on building a large decentralized for highly scalable decentralized applications while meeting standards of the community driven by machine learning and financial algorithms.

After the internal test net results were released in September, Zilliqa announced and released Scilla, which represents another upgrade to the test net, serving the purpose of easily and securely operating with smart contracts.

Scilla has already been tested with success in invoking codes for contracts as well as tested for invoices made on the blockchain.

Scilla was released at the end of 2017, in December, introducing the community to the upcoming test net release that was scheduled for the first quarter of 2018.

Zilliqa went with releasing the source code in January 2018, that way announcing the first version of ZIL test net.

The first version of test net came out on March 31st, after which ZIL was added on more than several exchanges due today, including Zebpay exchange.

The launching of the second version of the test net was scheduled for June 30th, with the idea of slowly introducing Zilliqua to the launching of the main net, as well as guiding the community on the token migration.

The main net is scheduled to be released on September 30th, however, it seems it is less likely that Zilliqua would be able to organize the entire migration as well as testing the second version of the test net, all within the deadline of two months.

However, the exact date for the main net launch is yet to be confirmed, as the team has made it clear on their official webpage that the main net is to be released with the third quarter, without adding the specific date.

Although the date for the main net launch might not be specified, it is most certainly the case that Test Net version 2.0 will come out as scheduled on June 30th, when it will become available for public testing.

Zilliqa (ZIL) Performance

Despite the fact that the team behind ZIL is releasing the second version of the test net in only a couple of days, the latest market currents seem to be tough on ZIL as well as on the rest of its crypto peers.

After the latest change in the market, ZIL went down by -5.27% against the dollar, while trading in the red for two days straight at this point.

With the most recent drop in the market, one unit of ZIL can be traded at the price of 0.063$ with Zilliqua being ranked as the 26th coin on the global coin ranking list.

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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.

Image courtesy of Rachel via Flickr

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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