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EOS (EOS) Officially A Top 5 Coin

The crypto-markets are in the green this morning. Bitcoin (BTC) is finally back at levels above $9,000 and is trading at $9,180. Ethereum (ETH) is edging closer to $700 with its current value of $684. Ripple (XRP) also looks like touching the $0.90 value today as it is trading at $0.863. Bitcoin Cash is still very much kicking in the 4th position and trading at $1,354.

This then brings us to the new occupant of the number 5 slot according to and by using market capitalization. EOS (EOS) has finally occupied the slot in a comfortable manner as shall be explained.

The token is currently trading at $18.95 with a market capitalization of $15.737 Billion. Cardano (ADA) which is a distant 6th has a market capitalization of $9.29 Billion; which is 59% of the market capitalization of EOS. It is therefore with this analysis that it is safe to say that EOS is now Officially a top 5 coin.

The current momentum evident with EOS might even allow the token to edge out Bitcoin Cash (BCH) from the number 4 position. For EOS to do that, its market capitalization would have to be above the current marketcap of BCH which stands at $23.797 Billion. This means that the value of EOS would have to rise to $27.90.

With the current momentum of the token, this value might be reached by the time the Main Net version of the EOS platform is released in June. The exact date put forth by online EOS fans is June 3rd and with the release, the platform will be able to do the following:

  • Support at least 1,000 transactions per second
  • Interchain communication as EOS can run several blockchains in parallel
  • A blocktime of 0.5 seconds
  • Token migration to occur in exchanges
  • Election of block producers
  • Vertical and horizontal scaling of decentralized applications
  • Smart contract capability

In conclusion, EOS is destined for more action in the markets as we proceed towards the release of EOSIO 1.0.

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Codius: Ripple’s (XRP) Smart Contract Platform That The Crypto-Verse Needs

Yesterday, Ethereum World News reported that the much anticipated SBI Holdings crypto exchange might be launching sometime during the coming summer. The exchange is speculated to have direct XRP/FIAT pairing with the major Asian currencies of the Won (South Korea) and the Yen (Japan). These two countries are what many traders consider as Crypo-Giants in the sense that they influence trading and prices of most, it not all cryptocurrencies in the Crypto-Verse. Whatever happens in these two countries in terms of crypto, has aftershocks in the markets.

More on the news surrounding Ripple (XRP) is the existence of its smart contract platform known as Codius. This platform had been discontinued in 2015 due to the presence of a small market back then and the lack of a standard for payments on the smart contract eco-system. Each blockchain had its own standards and communication between two different ones was unheard of until the introduction of Interledger not too long ago.

The project has since been revived.

With Interledger in place as a sort of medium for the different blockchains, it is time for Codius to be the next big thing in the crypto-verse.

Interledger is an open protocol suite for sending payments across different ledgers. Like routers on the Internet, connectors route packets of money across independent payment networks. The open architecture and minimal protocol enable interoperability for any value transfer system. Interledger is not tied to any one company, blockchain, or currency.

Although the platform is in the Beta phase, a lot can be anticipated as the code is being checked for so called dragons and as illustrated on the project’s website. Dragons in this situation refers to the common bugs found in software during the testing phase.

Codius is described as being an open hosting protocol. It makes it very easy to upload a program, whether you want it to run on one host or thousands. It also has built-in billing. That means once a program is uploaded, anyone can pay to keep it running — the author, the users and even the program itself.

Codius can continue running as long as there is on person out there still using it. It is also a good platform for decentralized apps and smart contracts based on the already fast, distributed and secure properties found in Ripple’s software solutions. The Codius applications can pay each other using built in micro payments systems making it possible to monetize the web.

In conclusion, Codius has been a long running project that was revived once Interledger was introduced to the crypto-verse. Completion of the beta testing and release of the final platform would definitely be what the crypto-verse needs in terms of secure and fast smart contracts that can communicate with other blockchains using Interledger. This is essentially critical with the current Ethereum Smart Contracts being proven to having security bugs and vulnerabilities. Codius will provide the much needed better and safer alternative.