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3 Cryptocurrencies Decoupling From Bitcoin into 2019 (PAL, TRX, WAVES)

2018 was underwhelming compared to 2017. The bear market went into full swing and most cryptocurrencies lost over eighty percent. Bitcoin has begun decoupling from many cryptocurrencies including those having some of the biggest developments of 2018. WAVES, TRX, and PAL are three cryptocurrencies that have persevered through the bear market. These three projects exceeded expectations and even demonstrated an important decoupling from BTC.


Cryptocurrencies PAL, WAVES, and TRX Decouple

Even during the bear market, there were major events in many cryptocurrency projects. PAL, TRON, and WAVES all had major developments as many cryptocurrency projects were imploding.

TRX (Tron) which as of December 31, 2017, was not in the Top 15 cryptocurrencies had a very important year regarding development. The TRX team burned 1 billion tokens and launched their mainnet in May. The mainnet was further developed the following month with the release of Odyssey 2.0.

Odyssey 2.0 is intended to be a public blockchain that supports decentralized applications. TRX also announced a $100 million gaming fund to increase the development and use of TRX in games. These developments during the height of the bear market speak volumes about TRON’s team and their dedication. Their founder Justin Sun is an outspoken, well-educated, blockchain advocate who has been a great leader for the TRX project.

WAVES (Waves) has been the most notable cryptocurrency regarding decoupling from BTC. Bitcoin price 00 has struggled the prior few months having corrected over forty percent this month alone. WAVES is the self-proclaimed fastest blockchain platform with real-world solutions for trading on a decentralized exchange (DEX) and running smart contracts.

Instead of correcting with the majority of the market following BTC lower, WAVES has actually increased from $1.45 November 14, to $2.35 per coin as of December 14. What is more impressive is not the dollar value increase, but WAVES going from 25250 Satoshis to 72138 Satoshis during that same period. Increasing almost two hundred percent against Bitcoin even though BTC fell almost fifty percent.

PAL (PAL Network) would be considered the cryptocurrency “moonshot” on this list due to their tiny market cap. WAVES is ranked #22 with TRX being ranked #9 by market capitalization. PAL’s market cap at just under $2 million is less than 1/100th of WAVES and 1/400th of TRX’s. The multiple aspects that make PAL noteworthy.

They were selected from over 60 entrants to be a part of the PayPal Incubator. Their mainnet launch was moved up to the end of December, three months ahead of schedule. PAL partnered with major projects such as NEM, QTUM, DGX, and MEDX. Their CEO and Founder Val Ji-hsuan Yapwas was featured in Forbes Asia 30 under 30. Having under a $2 million market cap was interesting, but beating deadlines by months with a top tier CEO is noteworthy.

The cryptocurrency markets were miserable to watch if you were long on blockchain projects, ICOs, and BTC in 2018. Those who were shorting the market enjoyed a nice ride but all tides turn eventually. As 2019 approaches projects that disregarded market conditions and continued to persevere should be one’s HODL focus.

PAL (PAL Network) 

With a market cap under $2 million and impressive volume, PAL seems fairly intriguing at 00. Earlier this year the PAL team was selected among three others to be a part of the PayPal Incubator Singapore. This prestigious award and notoriety by PayPal demonstrate PAL’s long-term connections in the Asia region. PayPal was impressed enough to place them in their incubator program, but why?

PAL’s CEO and Founder, Val Ji-Hsuan Yapwas was awarded Forbes Asia 30 Under 30 award. This award by Forbes further compliments the notoriety provided to this cryptocurrency by PayPal. It seems the technology and notoriety behind PAL is primarily in Asia, even as their blockchain model tends to focus on the United States. Both Forbes and PayPal have taken an interest into PAL and their Founder/CEO.

Beating deadlines in a bear market means the team is very committed. Originally PAL’s mainnet was scheduled to go live in quarter one of 2019. This date has been moved up to the end of December. If history repeats, cryptocurrencies have a tendency to trend North in value as their mainnet approaches. Releasing PAL’s mainnet months early demonstrates the team’s confidence in their platform.

Partnerships create utility and project awareness in the blockchain space. PAL not surprisingly has partnered with many major key projects. The most notable ones include NEM, QTUM, DGX, and MEDX. The importance of PAL’s partnerships will be determined following their mainnet launch depending on the partners’ utilization of the PAL network.

With notable partners, an exceptionally important Founder and CEO, a team dedicated to beating deadlines, an early mainnet release, being selected by PayPal and Forbes, and having a market cap under $2 million makes PAL a noteworthy acquisition target for 2019.

TRX (TRON)

TRX recently re-entered the Top 10 Cryptocurrencies by market cap with some impressive bear market news. TRX Company recently announced a $100 million gaming fund. Providing this much financial support to develop dApps on your Odyssey 2.0 blockchain demonstrates your company’s commitment to the platform. This amount of financial support will clearly drive adoption and development on the platform. It is very surprising that TRX is able to commit this amount of money during the height of the bear market. It seems they are poised for dApp development in 2019 and possibly major adoption.

Justin sun

In May, Tron launched their mainnet. Odyssey 2.0 went live in June as TRX burned 1 billion tokens. These 1 billion tokens were valued at $50 million at the time of the token burn.  The most important developments for TRX this entire year was the combination of the mainnet and Odyssey 2.0. TRX stayed true to their roadmap even with the markets providing difficult conditions to stay positive about.

The CEO of TRX Company, Justin Sun, is a very impressive figure in the cryptocurrency space. He is the founder of TRX and has led his community and project on a well-planned journey thus far. Recently he stated he would “rescue” ETH and EOS developers from their failing platform. This is likely part of what he had in mind when they announced a $100 million development fund.

With a very progressive and active founder combined with a team that has met and exceeded deadlines all year, TRX is worth keeping an eye on.

With a market cap in excess of $800 million, TRX has the highest market cap on this list. Their price per cryptocurrency currently is 00. However, with an $800 million market cap comes very impressive technological developments. Their TPS (transactions per second) are far greater than Ethereum’s at 2000 TPS.

WAVES

The most noteworthy aspects about WAVES the past month has been their decoupling from BTC’s price movement. It has been commonplace for the majority of cryptocurrencies to trend north or south with BTC. However, more recent projects have become more independent of Bitcoin price movement. WAVES has been one of the market leaders in this decoupling.

The price of each WAVES cryptocurrency has increased from $1.45 to 00 the prior thirty days. The Satoshi increase is even more exciting haven gone from 25,250 Satoshis to 72,138 satoshis during that same period. The price of BTC and the majority of altcoins in the cryptocurrency market collapsed the prior month. However, WAVES trended upwards in dollar value and more importantly, BTC value.

WAVES is both a decentralized exchange and smart contracts platform. They pride themselves on their speed but what intrigues me most is their multifaceted platform. Many cryptocurrencies are created for a sole purpose. The WAVES platform has developed into something far more than just a decentralized exchange or just a smart contracts platform. Being multifaceted as a cryptocurrency has allowed WAVES to trend north while the majority of smart contract platforms have underperformed BTC as it went south in recent weeks.

Why Waves is the Best Option for Airdrops

WAVES has a market cap of $252 million and is poised for a strong 2019 following their decoupling from BTC the prior few months. Being multifaceted, WAVES can pivot when one business (ICOs) are undergoing regulatory changes to focus on their DEX. WAVES has a market cap that is over one hundred times larger than PAL’s as their platforms are much more developed.

Looking to 2019

Cryptocurrency bear markets have a tendency to last one to two years. The bull markets have statistically lasted under 3 months. This means the bear market is not necessarily over. However, the cryptocurrency markets as a whole have generally pumped as the halving approaches and passes. The BTC halving is under 540 days away.

The markets may not turn bullish tomorrow, this week, or even this year. However, it is very likely when the public least expects it, that they turn the most bullish.

The cryptocurrencies that focused on BUIDLing during this bear market period will likely be the ones to continue to exist and thrive through the next bull-run.

[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice.]

To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of ANON and actively trades cryptocurrencies.


Images courtesy of Shutterstock

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Kvě 04

Waves Launching Smart Contracts on Testnet

· May 3, 2018 · 7:00 pm

On April 28th, Waves released the first iteration of smart contracts on its testnet. Now, activation is expected on May 3rd.


A Careful and Considered Approach to Smart Contracts

On Saturday, April 28th, Waves officially launched smart contracts on the platform’s testnet.

This first release effectively allows community members to test non-Turing complete contracts. These smart contracts allow for a variety of account controls, in addition to other functionalities. Ilya Smagin, Head of Development for Smart Contracts at Waves, commented:

Waves smart contracts will initially include account and token controls, providing functionality for implementing the most-needed scenarios like multisignature wallets, atomic swaps, 2-factor authorization, as well as more elaborate protections for coins. We’ll also introduce a Data Transaction: a way to post Oracle data to the blockchain, of course, available from within our smart contracts code.

Smart Contracts

Waves notably took its time in implementing smart contracts, having first thoroughly analyzed Ethereum’s smart contracts before taking a careful and considerate approach to their actual implementation — utilizing a phased rollout, predictable computation overheads, and fixed fees. Waves CEO and founder Alexander Ivanov explains:

It’s really important to do this right. Non-Turing complete contracts will cover a large proportion of use cases, including smart accounts and smart tokens. These will be available from the Waves client for all users and will not require any specialist knowledge or expertise.

It’s worth mentioning that the developers at Waves will not fully activate Turing-complete contracts on the platform’s mainnet until all of the aforementioned features have been thoroughly tested and activated.

However, smart contract functionality will be activated on the platform’s testnet on May 3rd — assuming approval of the new code is granted by miners, in accordance with the Waves Feature Activation Protocol. You can find out more about Waves’ smart contracts and their implementation here.

How Will Smart Contracts Benefit Waves?

Smart contracts will bring a plethora of new additions and added benefits to the Waves ecosystem.

First and foremost, smart contracts will allow for multisignature wallets, which cannot be controlled by simply one person alone. For a transaction to occur, all necessary parties must provide their private keys at the same time.

Secondly, unlike other similar blockchains, Waves smart contracts do not use gas for non-Turing complete smart contracts — which means that fixed costs are always known upfront. Compared to Ethereum, this makes Waves significantly more simplified, efficient, and cost-effective, while still providing essentially the same service.

Waves

Additionally, Waves Tokens are like Waves itself, which means that they are treated exactly the same and are held in your address — while the platform still supports token creation in the core and from the standard Waves wallet. Essentially, this makes life a lot easier for end users. Furthermore, the tokens you create can immediately be distributed and traded on the Waves decentralized exchange, DEX, with no further work.

Atomic swaps will also be added, while smart contracts on Waves will also allow for token freezes — meaning users will be able to introduce parameters which prevent buyers from selling or transferring tokens from their address for a specified amount of time.

Finally, decentralized applications (DApps) which are based on Turing-complete smart contracts will be able to complete complicated processes on the Waves blockchain, meeting a wide range of different criteria.

All things considered, the implementation of smart contracts on the Waves platform is a huge step forward for the already successful project.

Are you excited for the activation of Waves smart contracts on May 3rd? Where do you see the successful platform going in the next few years? Let us know in the comments below!


Images courtesy of Adobe Stock and Waves.

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Čvc 08

Inpay Combines Ethereum Classic and Waves to Deliver a Robust Dual Platform Cryptocurrency

· July 8, 2017 · 1:59 pm

Every blockchain is comprised of a specific underlying consensus algorithm. It is this underlying algorithm that determines the governance and operational processes of a particular blockchain.

[Note: This is a sponsored article.]


No Blockchain is Perfect

Products built on top of blockchain platforms automatically adopt the underlying protocol of such platforms. This explains the reason why not every program can be developed on every blockchain platform, and also why the functions of a particular project determine what platform may be suitable for it to run properly.

Several consensus algorithms currently exist on the blockchain, they include, Proof of Work, Proof of Stake, Proof of Service, Proof of Burn, Proof of Space, etc., all of them claiming to solve the cryptocurrencies/blockchain challenges for decentralized control, low latency, flexible trust, less resource intensive, asymptotic security, etc.

However, it is now widespread knowledge that each of these algorithms has their particular areas of strength and weaknesses. Therefore, it is only normal to find a blockchain that would offer excellent functionality in a particular area but fail to deliver optimally in other areas.

Inpay Blazes a Trail 

Combining blockchains to achieve optimal results based on their specific areas of strength is a development that has been adopted by the creators of Inpay, a cryptocurrency designed to harness the properties of Ethereum Classic and Waves in enabling features such as decentralized voting systems and aliases.

Being the first Ethereum Classic and Waves based platform, Inpay explores the intrinsic qualities of these platforms to achieve a completely decentralized smart contract infrastructure and a decentralized exchange at the same time.

Through Ethereum classic, Inpay is able to explore the completely decentralized infrastructure Smart contracts and dapps which allow the development of many different features of the platform while security is provided by a lot of mining power.

Waves, on the other hand, offers the options to trade InPay vs fiat in a decentralized exchange built into the simple official client that doesn’t require synchronization. This enables the easy addition of assets just by sending tokens to the address.

The future of blockchains

The Future of Blockchains 

Apparently, creating platforms that enable the combination of blockchains will go a long way in solving some persistent problems within the decentralized ecosystem.

Robust platforms like Inpay will indeed offer solutions that cut across security, speed of transaction, efficiency, immutability and a lot more as the blockchain industry continues with its development.

What do you think? Will combining multiple blockchains solve some of the problems plaguing decentralized ecosystems? Let us know in the comments below.


Images courtesy of Pixabay, AdobeStock, Inpay

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Lis 03

Incent Brings Loyalty to the Blockchain With ‘Open Value’

Source: bitcoin

incent

Incent Loyalty, an Australian-based company, wants to tap into the potential of loyalty rewards points through creating a tradable, “open-value” token called Incent, which customers use to gain and trade loyalty points near-instantly and worldwide. While low-cost blockchain technology helps to solidify storage, Incent Loyalty’s consumer facing applications can be personalized to align with the branding of merchant partners.

Also read: AirBitz and WINGS Partnership Secures Future of DAOs

Incent: Tokenizing Loyalty Rewards

To provide an easier customer experience, loyalty values will additionally still be displayed in terms of that particular region’s local currency. Through a partnership with Australian small and medium sized business group Smea, Incent already has access to over 30,000 merchants and has seen interest growing rapidly. With an ICO for Incent ongoing, the company has a growing resource pool to build upon its vision.

Through connecting blockchain to commerce, Incent will encourage use of cryptocurrency among merchants without succumbing to the difficulties of the at times costly and over-crowded Bitcoin blockchain.

Rob Wilson, CEO and co-founder of BitScan and Incent Loyalty, said that he first had the idea for the solution when he saw a plethora of plastic loyalty cards in a purse. Clearly, there was opportunity to rid of the inefficiencies of traditional loyalty programs and implement blockchain technology to unleash a new form of tradable value.

Incent Loyalty has been doing a vast majority of its business digitally, with users most commonly visiting from USA, UK, and Canada. According to the company, this reach demonstrates the global potential of loyalty programs. With early interest from pharmaceutical organizations, retailers, sports betting, and a growing amount of B2B and B2C opportunities emerging, early merchant interest has been considerable. Goals in the future include growing adoption further in brick and mortar stores.

With an estimated worth of the current US loyalty-rewards industry at $65Bn and with projections out to 2020 see this building to $100Bn, opportunity in the space remains immense.

“Currently, the points or ‘currency’ for these programs (such as air miles or loyalty points) are locked up in individual silos per store or consortia, while overhead costs remain from tracking, producing, and managing the plastic card accounts and internal databases,” Mr. Wilson remarked.

Incent is helping to prove that Blockchain technology indeed does lower costs and put forth a more appealing proposition for both retailers and customers looking to interface with cryptocurrency, for a cause we can all relate to.

The Incent token will have a finite supply. Its value at the point of sale will be determined by the open market. By incorporating such a program, merchants can elect to allow this value to be exchanged and spent outside of their walled garden. Cross-partnerships between merchants will enable for promotions and sales or usage of coupons to occur directly within the application. Moreover, customers will be able to cash out at any store through wireless technology built into their mobile handset.

Built upon the Waves, a robust blockchain platform, Incent will provide a friendly user experience for both merchants and customers while using the distributed network for infrastructural purposes. Incent already had a connection with the Waves team, and trusted Waves’ technology stack to help them realize a sound, background-operating blockchain backend. Waves’ Proof-of-Stake (POS) blockchain enables for increased scalability and speed.

Waves’ gateways in and out of fiat and options to incorporate trading for newly minted ICOs will allow the value of Incent to open up worldwide. As APIs for Incent develop, plugins will help the concept scale even further. By providing statistics and data to merchants, blockchains technology is being utilized in a new way to unleash value while improving a merchant’s brand and customer base.

What are your thoughts on the potential for use of loyalty points on blockchain technology? Share your thoughts in the comments below!


Images courtesy of Incent.

The post Incent Brings Loyalty to the Blockchain With ‘Open Value’ appeared first on Bitcoinist.net.

Incent Brings Loyalty to the Blockchain With ‘Open Value’

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