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EOS (EOS) and Ethereum (ETH) Rank Highest In New Rankings by China

The Chinese government, through the China Electronic Information Industry Development (CCID), has recently updated its blockchain rankings. In the new list, EOS (EOS) has managed to edge out Ethereum (ETH) from the number one spot. ETH was ranked first in the last rankings by the same authority almost a month ago.

The new rankings claim EOS as being the best blockchain network in the world of technology and innovation. However, EOS did not rank as well in Applicability by the overall index found it at the number one position. The full list can be found below.

CCID Rankings. Source, medium.com/@coinness

The top 5 blockchains in terms of technology where EOS, Steem, Ethereum, Bitshares and Stellar. With respect to application, the ranking was NEO, Ethereum, Qtum, Stellar and Nebulas in that order. In terms of innovation, EOS topped the list followed by Bitcoin, Cardano, Ethereum and Litecoin.

EOS has managed to be ranked first even after the MainNet was launched only days ago with incidences of delayed voting as well as several compromised accounts being frozen on the platform by Block Producers. However, as soon as the EOS constitution is ratified, governance issues will be a thing of the past. Block Producers will take a back seat and let the community decide on issues pertaining to the platform.

With the EOS MainNet live and unlocked, users can now trade their EOS in the numerous exchanges that the coin is listed on.

CoinFalcon makes it easier for users to do so by launching the CoinFalcon EOS Shuttle. This feature allows users to import their EOS coins to Coinfalcon using their private keys with ease. Whether it is from the MainNet or from any choice of storage, users can now deposit into their CoinFalcon account and trade across USDT pair. All they have to do, is create an account on the easy to use platform.

More information about how to import your EOS can be found on the CoinFalcon blog page that explains it in four easy steps as follows:

  1. At your Dashboard on the platform, click the deposit tab on the top navigation bar
  2. Select EOS as the currency and click import from private key
  3. Enter your private key into the input and click import
  4. You will see a transaction ID if your import was successful. It might take a few minutes until your deposit will appear

In conclusion, EOS believers, users and HODLers have a new reason to be bullish about their favorite platform and coin. The CCID has ranking it number one in a process that has seen EOS dethrone the previously ranked number one platform of Ethereum.

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Is Codius, By Former Ripple ‘Star’ Stefan Thomas, The True Ethereum (ETH) Killer?

In an earlier article, Ethereum World News had stated that Ripple (XRP) had revived the Codius project simply because it was the same guys working on the project. However, Stefan Thomas, the former Chief Technology Officer at Ripple, now runs Coil and is the man behind the revival of the Codius Smart Contract project and not as earlier indicated. Ethereum World News wanted to update its readers on this update and correction.

This announcement by Stefan, adds Codius to the budding list of Smart Contract platforms that aim to solve issues experienced on the Ethereum platform such as scaling, congestion on the network, security vulnerabilities and high ‘gas’ fees for transactions.

Which MainNets are the existing Competition for Ethereum?

Ethereum World News, with the continual assistance of its online community, has been closely tracking the MainNet platforms that have launched or are planning on launching their own blockchains this year. In the initially tally of 8 projects, the Nuls (NULS) MainNet had been left out but the Reddit community was quick to point out that it too had a MainNet launchde.

Therefore, below is a list of each of these projects battling it out with Ethereum and the launch dates of their MainNet versions:

  1. Tron (TRX) – 31st May
  2. EOS (EOS) – 2nd June
  3. Zilliqa (ZIL) – Q3
  4. VeChain (VEN) – late June
  5. Cardano (ADA) – September 2017, what is left is decentralization
  6. Oyster Pearls (PRL) – 29th May
  7. Ontology (ONT) –  Yet to be announced date in June
  8. Aeternity (AE) – late July or early August
  9. Nuls (NULS) – 31st May

Three of these projects have been unofficially baptized as possible Ethereum Killers by the online crypto community. These are the projects of Tron, EOS and Zilliqa. All three are unique in their own respects and solve real life problems experienced on the first-in-market Ethereum Platform.

Also to note, is that the above 9 do not exhaust all the projects launching MainNet platforms in the Crypto-verse this year. With the reentry of Codius, the smart contracts arena has changed completely.

How has the game changed and will Codius be the True Ethereum Killer?

Firstly, Codius aims to use Interledger to facilitate interoperability between blockchain platforms. This capability by any one project was always a topic of discussion but never a reality. Codius plans on doing just that. No more silo barriers on the blockchain.

Former Ripple CTO and Codius Creator, Stefan Thomas. Source, coindesk.com

Secondly, Codius somewhat automatically gets the support of the Ripple community: from developers, social media fans, HODLers and Traders. Ripple has proved to being the cryptocurrency choice for lots of traders and institutions such as SBI Holdings that recently launched an XRP centered Cryptocurrency exchange known as SBI Virtual Currencies or simply VCTRADE. This support is sure to be transferred to Stefan, Coil and Codius.

Thirdly, and with the aforementioned community support, XRP could eclipse Ethereum in the cryptocurrency markets. Current market analysis indicate that the difference in market capitalization between the two coins is $33.963 Billion. XRP need only be valued at $1.54 to edge out ETH from the number 2 spot using current market values.

Fourthly, Coil – the company now working on Codius – plans on monetizing the web and will use this smart contract platform to achieve just that. This means Codius can be used by both by the blockchain community as well as that of the internet. The idea behind coil is to use micropayments to support content creators rather than the currently broken ad-supported web that relies on page views or what is famously known as ‘hits;. Coil will enhance the web in a manner where everybody can compensate and support one another. This will include curators, subscription services, content creators and the users.

In conclusion, the revival of Codius by Coil, brings in an unknown variable to the discussion of the Smart Contract dominance that has been held by Ethereum for a very long time. What then can be advised, is a go-with-the-flow approach in this whole arena of Smart Contracts. All the platforms have their own strengths and weaknesses that will be revealed with time.

[Photo source, medium.com/coil]

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
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Smart Contracts Will Never Be The Same As Ripple (XRP) Revives CODIUS

Back in late April, Ethereum World News had highlighted that the crypto-verse was in need of the then discontinued Codius Smart Contract platform by Ripple. The platform had been discontinued in 2015 due to the presence of a small market for the product back then and the lack of a standard for payments on the smart contract ecosystem. Each blockchain had its own standards and communication between two different ones was unheard of until the introduction of Interledger not too long ago.

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.

Another problem that made Codius unable to launch back then, was that running smart contracts does indeed cost money and the team at Ripple did not have a neutral way to pay the Codius hosts. This problem was solved by creating an abstract layer that would allow users to send and receive any digital asset, fiat currency, or any other kind of value. This abstract layer would later become the aforementioned Interledger that is now 100% fit for use.

With Interledger available, a new version of Codius  now available for download on GitHub since it is an open source platform. The team at Ripple made the announcement via Medium earlier today.

Many developers had reached out to the team at Ripple with the challenges they faced while using the Ethereum platform such as high transaction fees, high latency, convoluted programming model and lack of scalability. Codius solves these issues by making it possible to program using traditional programming languages of C++, Java, JavaScript, C#, and so on.

Josh Williams, a serial entrepreneur and investor in the gaming space (Unity, Zynga, Kabam), was asked by the team at Ripple to explain his excitement about Codius and had this to say:

Powerful, scalable decentralized computing and smart contracts interfacing with distributed ledgers are essential for every industry hoping to utilize blockchains and the need is particularly acute for highly interactive, real-time, mass market experiences like games. Teams in games and elsewhere are building on Ethereum and running into the cost and scalability issues we’re all familiar with. Codius has great potential in addressing these concerns, and we are eager to work with it.

Codius will make blockchain technology more mainstream by solving the challenge of interoperability of blockchains. With Codius and Interledger, blockchains will be able to communicate and transfer funds between them in a frictionless manner.

It is with the above statement that it is safe to conclude that Smart Contracts will never be the same again with Codius returning into the arena of smart contracts. Current heavyweights and new entries in the ‘arena’ of smart contracts include Ethereum (ETH), Stellar (XLM), Tron (TRX), EOS (EOS), VeChain (VEN), Zilliqa (ZIL), just to name a few.

Disclaimer: This article is not meant to give financial advice. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
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Here Is How Tron’s (TRX) MainNet Will Be Better Than Ethereum’s Platform

Despite all the issues of the Tron (TRX) token value taking a nosedive during the MainNet launch on the 31st of May, the project is on course to achieve its goal of being the platform of choice for Decentralized Applications in the future. The TRON MainNet is now available for download on GitHub for developers from around the globe to test it and also to see if they can find any security vulnerabilities before the declared Independence day of 25th June.

This day of the 25th, is when the first Genesis Block will be launched on the TRON platform that aims at improving on the challenges faced by users in the Ethereum platform.

So how will The Tron MainNet challenge Ethereum?

Firstly, and from the get go, the number of commits for the TRON Odyssey 2.0 is admirable for such a young project. TRON has already accumulated 2,153  commits on Github. The MainNet has also accomplished to merge 547 forks, released 15 software iterations and added 103 new features. The team has also carried out 384 unit tests to ensure code security, done 461 functional tests, reviewed the code numerous and determined it is ready.

Secondly, TRON introduces the first democratic governance system that ensures decentralization. This means that through Super Representation, every user will have a say of what is going on in the platform and project. TRON solves community governance by letting users leverage their tokens to vote and have a choice in the community. No single developer or foundation will have full control in the traditional autocratic system of ETH.

John McAfee even lauded the TRON project because of its planned democratic system. Mr. McAfee had this to say:

If you are in the Tron community, vote for @team_tronics. Why? Because they are one of the few teams attempting to give back to the crypto community. Also, there are a couple of beautiful women on the team who promised to send me their phone numbers. So vote for them or else!!

Thirdly, TRON MainNet will be able to support a new generation of Decentralized Apps that were not supported on Ethereum. These DApps function on the decentralized governance earlier mentioned. Also, the high gas fees experienced in the Ethereum platform will be a thing of the past. The transactional coin burn everyone has been asking about, is only 0.1 TRX when creating a new account on the platform and transfers cost 0.001 TRX. This is amazingly cheap while compared to the ETH platform.

Fourthly, and not necessarily the last reason why TRON MainNet will be gunning for Ethereum, is the current period of vigorous MainNet testing that has been stimulated by a bug bounty program. This means that for the next 24 days up until June 24th, every developer out there stands a chance of cashing in on up to $100,000 for discovering bugs on the platform. Such an incentive will guarantee that the MainNet is 100% secure before being launched fully on the 25th of June.

In conclusion, the TRON Project is one to keep a keen eye on in the following days and months. The project also stands a chance at eventually replacing Ethereum as the choice platform for the developers of DApps.

Disclaimer: This article is not meant to give financial advice. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
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Enterprise Blockchains Can Now Communicate Thanks to Ethereum (ETH)

On May 16th and amidst the conversation surrounding the Consensus Summit 2018, an organization known as the Enterprise Ethereum Alliance (EEA) released an open source, cross-platform standards-based framework to speed up business transactions by facilitating interoperabiltiy between two or more business enterprises operating on different Ethereum based blockchains.

The Enterprise Ethereum Alliance is a non-profit organization that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. The organization aims to facilitate a collaborative environment where organizations and individuals can learn from, and build upon the Ethereum platform which has specialized in smart contracts. The aim is to come up with enterprise grade software that are capable of handling the most complex, highly demanding applications at the speed of business and on the Ethereum platform.

Once such software is the free-to-download Enterprise Ethereum Client Specification 1.0 that allows for the rise of the next decentralized internet era, Web 3.0. This version of the web will include the interoperability of originally proprietary blockchains owned and operated by the different businesses out there.

The Executive Director of the EEA, Ron Resnich, had this to say about interoperability:

The EEA’s Enterprise Ethereum Specification is the result of 18 months of intense collaboration between leading enterprise, technology and platform members within our technical committee. This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos. With over 500 organizations as members, we anticipate great things in 2018 as EEA members work with the global development community to build, test and certify solutions to grow the ecosystem.

This means that Ethereum developers can use the new Client Specification to write code that allows for the above said private, permissioned and public Ethereum networks, to communicate. This means that Ethereum based blockchains in the various industries of banking, law, healthcare, marketing, fintech, gaming et al, can now share information and make use of it in a seamless manner.

In addition, the EEA also announced that it has plans to introduce a TestNet to further assure interoperability across member solutions. The EEA will oversee a members-only Certification Program that ensures solutions conform and interoperate with the standard, building confidence in an offering’s performance.

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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 coinmarketcap.com 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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‘$2,500 per Ethereum (ETH) By Year’s End,’ Says Analyst

The markets are on the red this morning that is alse the International Labor day. Perhaps the traders have taken a day off or are lazing about in bed. Either way, Bitcoin has sunk below the dreaded $9,000 value and is trading at $8,957. This slight dip has affected the rest of the markets. Ethereum (ETH) is down 4.63% and is currently trading at $652. Ripple (XRP) is having a hard time staying above its current $0.80 value.

The very bullish cryptocurrencies of Tron (TRX) and Neo (NEO) that had stunned us yesterday, are also showing negative gains in 24 hours. TRX is valued at $0.09 and Neo (NEO) at $79.93.

But the general feel of the markets as we move down 2018 is one of high hopes and expected stunning market performances by the top coins. Ethereum has not escaped the critics and analysts who have gone ahead to forecast its doom or pending dominance over Bitcoin.

One such analyst has predicted that Ethereum will be valued at $2,500 by the end of the year and further increase in 2019 and 2020. The analyst is no other than Nigel Green, founder and CEO of deVere Group. His prediction would bring the market cap of Ethereum to $247.9 Billion. Assuming the growth of Ethereum would be proportional to the total market capitalization of the Crypto-markets, this would mean the total market cap would be at around $1.562 Trillion by the end of the year.

This would be amazing. The added volume would signify that cryptocurrencies would have attracted more investors by then and been accepted into the mainstream .

But what would it take for Ethereum to dethrone Bitcoin?

Firstly, it would take a massive price surge of Ethereum that would beat that of Bitcoin in the markets. The volume of ETH would then have to be sustained. For this to happen, Ethereum would have to create more ‘buzz’ and excitement than Bitcoin. This buzz would then attract investors and buyers in the droves.

Secondly, Ethereum would have to ward off the completion in terms of other projects that are in the industry of smart contracts and offering platforms for ICOs and tokens. At the moment, the only visible threat for Ethereum is Tron, EOS, Stellar and Zilliqa. But all these projects are yet to release the final versions of their platforms save for Stellar. Therefore Ethereum is still eons ahead in this aspect.

In conclusion, Ethereum is still a solid coin to have in your portfolio. It will take a lot for it to dethrone Bitcoin but this feat might be achievable with some solid P.R on the part of the Ethereum foundation.

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Did Critics Dismiss Ethereum (ETH) Too Early?

Is Ethereum (ETH) Dead? This was a common question on all social media platforms when ETH started nose diving in the markets earlier this year.

At its peak, Ethereum (ETH) was trading at $1,425 on January 14th. This is an impressive bull run of the coin from early November levels of $300. Doing the math, the January value was a 375% increment in a matter of a little over 2 and a half months.

The jump in value for Ethereum had been speculated to being caused by two things. Firstly, it was the season for prominent ICOs and their smart contracts were Ethereum based. This then made the said ICOs to encourage investors to use ETH while depositing funds. As a result, Ethereum blossomed amidst the ICO boom of late last year and early this year.

A second reason that led to Ethereum peaking in January, was the fact that a lot of traders used the coin for trading and transferring funds from one exchange to another; based on where the action was. This was during a time period when BTC transactions were taking 2 days to complete and costing an average of $25 per transaction. This then made ETH the automatic option for traders wishing to make profits from the slight price discrepancies amongst the numerous online exchanges.

What then proceeded after the January peak, was that ETH continually dropped in the markets amidst general cryptocurrency FUD and regulatory fears. The discovery of smart contracts vulnerabilities on the Ether Platform added salt to injury. ETH would bottom out at around $370 on April 7th: a drop of 75% from its peak value.

It is with these events that a lot of Crypto-traders and vocal enthusiasts had declared Ethereum (ETH) as being dead and no long able to hold its own in the markets. However, these claims might come to haunt those who had doubts for ETH is showing signs of being a winner again.

Ethereum is currently trading at $689, up 8.26% in 24 hours. This value is a 86.4% increment from the April 7th low. The impressive recovery has been achieved in less than 3 weeks with the markets showing no signs of slowing down.

In conclusion, Ethereum has proven to be both resilient in the markets and as a platform for smart contracts. There are rumors that there is a new solution to the scalability problem on Ethereum. The solution being proposed is similar to the sharding that Zilliqa (ZIL) is using. Given the brilliant developers in the crypto-verse, Ethereum scalability might be a non-issue very soon.

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TRON’s $1.7M Airdrop To Ethereum Community Is A Potential Killer

The launch of TRON testnet signals that TRX will soon leave the ERC20 network and move to its personally developed mainnet, which will provide dependable futures for users and developers. Not long after TRON revealed the launch, it stated that the mainnet will be fully deployed in May and that anything that has to do with TRON will move out of ERC20 network, a platform owned and managed by Ethereum.

Now, the TRON team has aired that it earmarked 30 Million TRX (equivalent to approx. USD$1.7M) airdrop to Ethereum community as an appreciation towards Ethereum for their “support during TRON’s ERC20 phase in addition to preparing for the Super Representative Elections after mainnet launch”.  While TRON is making all these moves, the cryptocurrency is as well revealing it will soon be a competitor to Ethereum, and will soon outsmart the platform by becoming a DApp platform. The revelations did not go down well with Ethereum, resulting in the CEO, Vitalik Buterin saying the project has no soul. There is a sense in accepting that one has competitors, there is also a sense in accepting that one’s competitors are not reliable. Maybe Vitalik has chosen to accept the later and move on.

It is a fact that TRON is now Ethereum’s competitor, and the platform is doing everything to become more acclaimed than Ethereum is. This is visible in Justin Sun, founder of TRON’s statements and body languages.

“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform,” Sun had said during the launch of testnet.

“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future.”

After declaring to be Ethereum’s competitor, the platform unveiled a whopping sum airdrop purposely for Ethereum community. This is a potential killer for Ethereum, it is in many ways!

The Airdrop Is Nearly For Every Ethereum Users.

The airdrop is majorly for those who have a balance of over 1 ETH after January 1, 2018. It appears like TRON wants to give nearly all Ethereum users the opportunity. Doing this will give Ethereum investors an avenue to experience the newest generation decentralized network and participate in community governance because according to TRON, there are many issues on Ethereum platform that TRON has solved on its main Network.

The airdrop as well gives the Ethereum community an opportunity to experience a high transaction per second development platform and use TRX to vote in TRON’s democratic community. This is saying something that the Ethereum community might not understand. Even though the TRON’s team did not state that Ethereum’s platform is not decentralised, they believe theirs is more decentralized, hence, the reason for Ethereum community to have a taste of a new generation democratic platform. This is purely an enticement for Ethereum community, and it may kill Ethereum, or make it HODlers believe in TRON.

Remember TRON is Moving Everything It Has Out Of Ethereum’s Platform?

TRON team will not only migrate to mainnet, it will as well have its DApps which are right now on Ethereum moved to TRON network. At present, TRON has 100 million users on its DApps, and all the DApps will be migrated to the new platform once it is launched.  There is no way Ethereum won’t feel this, but it will feel the $1.7 Million airdrop the most.

TRON Donates 1 Billion USD To Community

Funny how TRON donated $1.7 Million to Ethereum community, and now the platform is donating $1 billion to its community. The fund is purposely for developers and supporters to make TRON grow. Meaning, in few months after the launch, DApps will flood Mainnet and possibly outnumber that of Ethereum. The way TRON is moving, it actually wants to kill Ethereum, or possibly make it hibernate from the crypto space and if possible render its DApp platform useless.

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How Tron (TRX) Will Become A Top 5 Coin

Tron (TRX) is holding tight at the number 14th position on coinmarketcap.com and is enjoying the positive tides in the market. The token, soon to be coin on its own blockchain, is currently trading at $0.042: a 6.5% gain in the last 24 hours.

Despite the FUD that is has plagued the Tron project since inception, the Tron Testnet was launched on March 31st through a live event that involved the Project’s lead, Justin Sun, and his technical team. In it, Justin and the team highlighted what will be an exciting roadmap moving forward and more reason to be bullish about TRX.

Firstly, once the Mainnet is launched on the 31st of May, Tron will continue with its vision of a totally decentralized internet. The Tron protocol will be gunning for platform heavy-weights such as Ethereum and Lisk, in a bid to attract Decentralized Applications develoepers. With already $100 Million users on the current 9 DApps on the Tron’s Ethereum based platform, the sky is the limit once migration to the new blockchain starts. The migration of the ERC20 Tokens will begin on the 21st of June, 2018.

Secondly, is the much anticipated Project Genesis. With this project, Tron literally means war with Ethereum and any other platform. Project Genesis is a reward pool valued at $2 Billion and aimed at rewarding its Tron community and developers. One thing that is known through observing human nature, is that we are motivated by the thought of being rewarded for our work. More so, if this reward is in the form of some currency. This means developers out there can really earn a quick buck by doing what they love.

Project Genesis also includes loans to entrepreneurs. Single loans of $100,000 in digital assets will be issued to ensure that developers are well funded to carry out the much needed Research and Development.

Thirdly, the Tron community is impressively large not to notice. The main Telegram chat group has an impressive 18,000 members and still growing. The Tron Foundation twitter page has over 284,000 followers. Its Reddit community is 63,000 strong. With such a following, the only way is up for Tron (TRX) moving forward. Also to note, is that Justin pretty much has the entire country of China watching the project. Speculation is high as to what such a backing can do for the project with Jack Ma being Justin’s mentor.

For the token, and later coin, to reach the number 5 spot on coinmarketcap, its marketcap should be greater or equal to that of Litecoin (LTC) at the moment of writing this. This value stands at $7.376 Billion. This means the price of TRX would have to be $0.112: a value TRX has tested twice on January 4th and 10th this year.

In conclusion, TRX is a project to watch out for moving forward. It is only a matter of time before it stuns the world with A Moon Landing.