#Blockchain What is Zilliqa? Should you invest in Zilliqa? Published 5 months ago on July 26, 2018 By Coinnounce - Coin Announcements Share Tweet Deciphering key attributes of Zilliqa which renders it favourable for investments. Opening remarks As Mahatma Gandhi, an Indian Social Activist has rightly said, “There is sufficiency in the world for man’s need but not for man’s greed,” no matter how many different varieties of cryptocurrencies are developed, there doesn’t seem to be an end to this, where a single cryptocurrency could manage the whole globalized financial transactions. It is estimated that more than 1500 different variety of cryptocurrencies are available in the Crypto market. The Ethereum Blockchain has been a major contributor to the development of cryptocurrency tokens by providing a standard template for the creation of decentralized applications. The drawbacks of one of the most prominent Cryptocurrencies like Bitcoin, Ethereum and many other, has led to the development of other better cryptocurrencies. Also, the investments have been radically shifted from the stock market towards the cryptocurrency market, probably, due to the popularity of cryptocurrencies in the recent decade. This has given rise to a number of illegal spam activities which are constantly undertaken in the cryptocurrency field due to which a lot of people are losing their precious Investments in the field. Nevertheless, there are a few cryptocurrencies in the market which really have the most requirement in the real world. Zilliqa Zilliqa (ZIL) is one such cryptocurrency developed in the year 2017. Zilliqa is mainly based on the concept of Sharding and primarily aims at improving the scalability of the cryptocurrency networks as in case of Bitcoin or Ethereum. The white paper mentions that the transactions speed would be approximately a thousand times more than that of Ethereum network. What is Sharding? The Sharding process is nothing but dividing the transactional network into smaller groups for parallel verification. The actual project was put forth in the year 2015 and has been under constant development since then. Zilliqa project has understood the importance of scalability, in this trillion dollar industry for an effective usage. It’s white paper mentions that the consensus mechanism and decentralization implies scalability issues in Bitcoin or Ethereum, but redesigning the whole protocol from the scratch might be of some help to the users. Advantages Zilliqa network uses a concept called Sharding where the transactions are grouped into smaller groups and divided among the miners for the parallel transactional verification. Developing smaller groups for transactional verification means the Consensus can be reached faster and hence a higher number of transactions can be processed in a given time frame. The capacity of the network linearly increases in other cryptocurrencies as the number of people joins the network, but in this case, the capacity is increased at a higher variable rate than the number of members joining the network. By incorporating the Sharding Technology, it can completely revolutionize the smart contract functionality too. The Ethash proof-of-work The Zilliqa network incorporates Ethash proof-of-work (PoW) mechanism in order to confirm the transactions about from providing security to the network. It even helps the network to curb the Sybil attacks. It is to be noted that, it doesn’t use the Proof of Work mechanism in order to achieve Consensus, hence the high energy consumption by the miners to achieve consensus is avoided by and the network claims that the expenditure of running a node is at one-tenth of the cost of the Ethereum network currently. Investment As Zilliqa is the first cryptocurrency to incorporate, the Sharding Technology for mining, it will have an immense amount of first Movers advantage. Scilla, it’s most awaited and user-friendly programming language which can be used for the creation and testing of smart contracts has created a much hike around the community. Even the team members don’t seem to have much don’t seem to have much experience in the major industries of similar kind hence the project doesn’t feel to have a strong backing. Some people feel that Zilliqa project is currently not worth to invest, as the prices are relatively higher with respect to its main net launch. Therefore the investments can be carried on, but prior to that, one must understand the market conditions and do their own research on the project for their personal satisfaction. The traditional financial industry was experiencing a constant Jet lag until the cryptocurrencies have power charged them. Related Topics:ZILZIL blockchainZIL BTCZIL chartZIL coinZIL cryptocurrencyZIL price chartZIL to BTCZIL to USDZIL tokenZIL USDZilliqazilliqa 2018zilliqa 2019zilliqa blockchainzilliqa cfyptozilliqa chartzilliqa coinzilliqa coinmarketcapzilliqa cryptocurrencyzilliqa exchangezilliqa forecastzilliqa futurezilliqa investzilliqa investmentzilliqa marketzilliqa predictionszilliqa price analysiszilliqa price predictionzilliqa tokenzilliqa ZIL Up Next Ripple Price Analysis XRP/USD Stable Pattern, 26 July. Don't Miss Bitcoin Cash Price Analysis, BCH/USD Approaching Support, 26 July. Continue Reading You may like Top ERC20 Tokens. The list of Top 100 ERC Tokens. 15 recent developments in Zebpay – India’s bitcoin exchange 2 Comments 2 Comments Pingback: What is Zilliqa? Should you invest in Zilliqa? – Btc News Magazine Pingback: What is Zilliqa? Should you invest in Zilliqa? – The Coinage Times Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Blockchain Bitcoin Coffee: The first blockchain coffee is a fact! Published 14 hours ago on December 18, 2018 By Guest Author Blockchain can be used for beautiful things. You can arrange and settle a lot through blockchain. Property rights, identity, but also, for example, the origin of products. How about coffee on the blockchain? Today you can buy the world’s first blockchain coffee: Token. This newly established coffee brand is an initiative of Moyee Coffee and FairChain Foundation that want to offer you full transparency about where your coffee comes from. Thanks to the blockchain, more money can go to the poor farmers. And that must make the world a little more honest. The token is the first coffee brand that is entirely transparent with blockchain technology. No more hard time for coffee farmers Nowadays, many coffee farmers have a hard time. They can barely cover their production costs, let alone social and environmental costs. According to the recently launched coffee brand Token, blockchain could provide the transparency and efficiency needed to change that. Blockchain technology makes the massive inequality in the coffee chain transparent for consumers. Token embraces this transparency and offers a solution. The first cargo of 60,000 kilos, produced by small coffee farmers and blockchain-traceable, is going to prove that an honestly distributed value chain is possible. Transparency Token attempts to become the world’s first complete end-to-end blockchain coffee. The token is a collaboration between Bext360, Moyee Coffee and the FairChain foundation. Their blockchain system makes it clear precisely what everyone deserves in every step of the chain. Inefficiencies and unnecessary intermediaries can thus be identified. According to the organizations, this transparency makes a fairer distribution of value throughout the chain possible. Blockchain technology makes the massive inequality in the coffee chain transparent to consumers. Token embraces this transparency and offers a solution. Does blockchain make coffee more honest? Most coffee is produced by a handful of large coffee companies that do not distribute the profits equitably. For example, the vast majority of the 25 million coffee farmers in the world can barely cover their production costs. Fortunately, there are more and more coffee brands who believe that blockchain can be used to make coffee more honest. This technology provides the transparency and efficiency needed to change this unfair system. The coffee chain Cryptocurrencies provide various modern opportunities; you can use on your daily basis. Presently, you can easily gamble with cryptocurrencies or invest your money in betting with crypto. For example, you can use a betting site Fairlay to bet on anything you want. You can also choose to build up more gradual assets by investing in the blockchain technology that lies behind all cryptocurrencies. The success of digital coins is possible thanks to the revolutionary blockchain technology. You can see that there are great opportunities for companies that develop blockchain services and for other companies that benefit from the digitization of the financial sector. To make the benefits of blockchain real, each bag of Token coffee is provided with a token. Every token is worth 50 cents that you can invest in part of the coffee chain via the KrypC Technologies platform. You can give it to the farmers who produce the coffee, but also to yourself by offering yourself a discount on your coffee. Gradual growth instead of a supercharger It is, of course, nice if you have made a significant profit with cryptocurrencies. Earning a lot of money gambling with crypto is possible. However, the chance that you have burned your fingers on the bitcoin is also quite significant. If you are tired of waking up every day with the uncertainty of having become 10% richer or poorer with a digital currency that night, you may want to consider putting your money in mutual funds. You then become for a tiny part owner of a large number of companies that make all kinds of articles and provide services. To be honest: you will not get rich with an investment in the fintech sector. Although the underlying trend is healthy, you run the risk with your assets, and it is essential to build a financial buffer and invest only with money that you can miss for a long time. How blockchain makes the world fairer? The blockchain ensures that the world becomes fairer. It offers safety and transparency. This technique can be used for all kinds of applications. How does blockchain work? The blockchain can be seen as a ledger containing the accounting of each transaction that has ever been done. Every time a new transaction is registered, it comes to a chain of existing data blocks of transactions. That is why we call this chain the blockchain. Information about companies can be recorded on the blockchain. This increases the chance of fair trade. Scandals can be prevented because the right information is available. Just think of the fraud with software in cars. That would not have been possible if all the information had been recorded on the blockchain. Multiple parties check the information. It would immediately have been discovered that something is not right. The registration on the blockchain would, therefore, be rejected. With such a discovery you are almost assured that it is made public. The blockchain can also work with clothing manufacturers. There could be registered where sweatshops are located. If a piece of clothing comes precisely from that area, it could be observed on the blockchain that it was not produced with respect for the man. Another example: elections are not fair all over the world. By registering votes on the blockchain, no more results can be tampered with. The blockchain tracks the information and verifies that the information is correct. Voice fraud is then impossible Fair gambling These days, we see that blockchain technology is being used more and more often in online casinos. Not only to be able to support payment instruments such as Bitcoin and altcoins but also in games themselves. For example, players can check whether a round in a game has been fair. We thank Davey Cross for this guest post. Continue Reading #Blockchain Can France become the Blockchain Nation? Published 4 days ago on December 14, 2018 By Layla Harding French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals all aimed at trying to make France the number 1 Blockchain Nation specifically citing that they do not want to miss the train on this like they did the internet. MPs in France are proposing to have a 500 million euro investment fund in order to stimulate the blockchain industry in France. They are focusing on trying to get public institutions to get into blockchain. The proposals include the Central Bank of France issuing their own cryptocurrency and providing subsidies for cryptocurrency miners. Recently we did have legislation coming out of France that they want to make it much easier to have ICOs in France. They are aiming to attract teams from all over the world o come to France and have their ICOs. Writers thoughts: The central bank of different nations are planning to issue their own crypto assets but it recreates the problem that we are trying to solve with cryptocurrencies. Giving subsidies to cryptocurrency miners is not actually good for the crypto community as the mining industry should remain competitive. The government of different nations should not be giving them preferential energy rates especially in France where it is mostly a nuclear-powered nation. Setting up a legal framework for ICOs is exactly what is needed in terms of regulation. Along with all of this, there is also a formal taxation policy which is coming up in France and all of this coming together is quite awesome. This is regulatory clarity and this is what a lot of companies and institutions are desperately asking for. This is the main reason why more and more companies are moving to nations such as Malta, Japan, and Switzerland as they have regulatory certainty. France which is one of the world’s biggest economies is hopping on board with the new proposals, the recent announcements about ICOs, taxation, tobacco shops to sell bitcoin from next year and recently setting up something called the ‘Mediterranean Seven’ which includes Spain, Portugal, Cyprus, Italy and Greece led by France with the mission to improve education in usage of blockchain technology in industries such as healthcare, transport, land, company registry, shipping and much more. What are your thoughts on the above? Tell us in the comments section below. Continue Reading #Blockchain Blockchain and Oil Industry: IBM partners with ABNOC Published 1 week ago on December 11, 2018 By Janet F. Sanchez IBM is teaming up with the Abu Dhabi National Oil Company or ABNOC to create a blockchain supply chain system. The blockchain solution is currently only in its pilot phase but this is no small announcement for ADNOC as ADNOC has a daily output of about 3 million barrels of oil in 10.5 billion cubic feet of natural gas. ADNOC’s digital unit manager had the following to say about the blockchain pilot: “Blockchain is a game changer. It will substantially reduce our operating costs by eliminating time-consuming and labor-intensive processes. It will strengthen the marketing and trading of our products and create long-term sustainable value.” Blockchain for Oil The blockchain solution will also enable the ability to track every molecule of oil and its value from well to the customer. Also reducing the time to execute transactions between ADNOC’s operating companies and increase operational efficiencies and provide even greater transparency to the industry. The blockchain solution will surely increase the revenue for ADNOC and it may increase the efficiency of delivery and hopefully reduce waste. The oil industry is currently attempting to extract a little bit more wealth before the renewable revolution takes place. But even though we have a boom in renewables, the infrastructure is lacking in many places globally and oil is here to stay with us at least for some time in the coming future. This is the first oil blockchain solution which will surely attract more oil blockchain solutions in the coming future. The third industrial revolution will surely be not an oil-based revolution. The renewable revolution will basically be unstoppable. What do you think about the future of blockchain and oil industry? Tell us in the comments section below. 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