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Cryptocurrency

Top Cryptocurrencies That Can Also Surge The Bitcoin Way

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Top Cryptocurrencies That Can Also Surge The Bitcoin Way

Currently, there are over 100 Cryptocurrencies in the crypto trading space. Each and every month, more than 10 Cryptocurrencies are introduced into the crypto ecosystem. But not all of them do survive in terms of security, liquidity, and volume. In other words, they are unable to rise after plummeting.

Just a few coins have the potentials to hit the 10x mark. Others may go as far 20x and even 100x. Some coins even fail to hit 2x and others lose their value.

The below Cryptocurrencies have the potential to hit 10x increase in their valuation after the recent plunge.

First on the list is the DeepBrain Chain (DBC), which has the highest chance of a massive moon shot, Deep Brain Coin is a NEO based smart contract which is part of the kucoin exchange. 

It is decentralized with a low inflated Hardware cost of requirements and has a private AI computing platform.

Since it was introduced into the Cryptocurrency trading space, it has grown in the AI-related startup industry for the past five years. The value of this market is over 10 million USD.

The projects of DBC is been funded by NEO and has advantages within the domain. It is made up of scientist and has an incredible increasing chance in market coin valuation of hitting 10x or more.

Next on the list is the Oyster (PRL), which is a second-generation COIN working towards blockchain with the intention of powering conversational blockchain tech.

In relation to the internet, it is getting out of the system, due to flashing banners and adware ads of internet advertisement making it difficult for readers to pay much attention to it.

More people tend to activate their ad-block. In other to prevent this, the content provider started to display ad-block detectors to ensure that they can still show their ads in other to pay the bill.

The intention of Oyster is to clean up intrusive ads on the internet and improve content creator’s viable revenue model. It is built upon IOTA triangle which uses visitor computer power as hashing power instead of ads.

The computer power is used to confirm network transactions which give the user some income in return.

As long as the internet grows alongside the web economy, PRL grows alongside with them. So, the probability of PRL rising 10× or more depends on the growth of the internet. We all know that the internet grows each and every day which makes it a good time to invest in PRL.

QuantStamp is a security protocol running on the Ethereum platform. It focuses on security checks on Ethereum smart contract before projects hit the market.

Security attacks on parity wallet bugs and DAO can be avoided using services like QuantStamp. With an increase in a smart contract, the service of QuantStamp will be of great demand which will definitely rise 10× or more even if it plummets due to the rise in smart contract circulating today.

Based on this article, you may want to invest in the above-listed coins and hope for a positive return. It only takes time. But it is advisable to do your own personal research in relation to these coins. More and more coins are been introduced into the crypto market every day. So, do your analysis very well before you invest.

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Cryptocurrency

40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

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40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

Over the past few years, several “warning bells” have started to sound for all Bitcoin maximalists. Seems like the decentralization of the main cryptocurrency is more like a myth and has neither part nor lot in ability-status congruence. According to some experts of the industry, 40% of all Bitcoins are stored on cryptocurrency wallets with a balance of 1000 BTC or more.

Who Controls Bitcoin?

According to data published by digital asset strategist/director at VanEck Gabor Gurbacs, there are only 3 wallets that own 100000 BTC and more and 115 that own 10000-100000 BTC. The main part of them is cryptocurrency exchanges with millions of users.

If we exclude some factors that could affect the accuracy of the results, in particular, remove wallets belonging to exchanges, we can get the following result.

The results are presented below on the chart of the Lorentz curve. A straight blue line demonstrates the complete equality in the distribution of coins, that is when each person gets an equal amount of BTC. The red curve under the line corresponds to reality – the ratio of the number of wallets to the number of all coins have already mined. As we can see, the first 25 % of the holders don’t own a few percents of Bitcoins. But the tiny part of the particularly well-to-do holders accounts for most of the existing coins.

lorenz curve

Source: trustory.io

That is the diagram indicates the “unfairness” of the cryptocurrency distribution. Although it simply indicates the difference in the social status and condition of industry participants.

In general, the Lorentz curve demonstrates income unfairness in economics. The closer the curve is to the straight line, the fairer the distribution of all the funds. Its position on the chart is controlled by social programs and tax reforms.

This statistic has been criticized by some Twitter users. BlockTower Capital co-founder Ari Paul advised experts to exclude wallets with an account balance of less than 0.01 BTC from the sample. According to him, any user can create thousands of Bitcoin addresses, which then will not be used. Therefore, these purses are supposedly not worth taking into account.

That wealth is unevenly distributed is probably a normal situation. However, as well as knowledge: the one who constantly studies new areas, the first to receive various things, which then become wealthy. The example is registering the first domains in the .com zone because their further sale brought millions of dollars to the owners! Among this one occur to sex.com or casino.com

Another example is early investors. Shares of Facebook or Amazon, bought a decade ago, were considered a completely rubbish investment, but someone believed in these companies and their business model.

To get closer to the cherished percentage of the richest Bitcoin wallets it is the proper time to buy cryptocurrency. That time we will live a life!

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Blockchain

The Future Of Publishing With Blockchain, Steemit vs. Publish0x

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The Future Of Publishing With Blockchain, Steemit vs. Publish0x

Blockchain technology has seen many projects for content creators to showcase their crafts.  The emergence of platforms such as Steemit and Publish0x provide writers with a great opportunity to showcase their skills to the world. Even better, they pay them. Wow!

At this time, I know newbies are asking themselves, Steemit or Publish0x? Worry no more; I’m here to analyze both platforms. Buckle up my friend, this road might be bumpy.

Steemit

Actually, Steemit has been in business for quite some time now. The platform has grabbed the attention of most content creators but not many have been successful over there. Well, this might be due to the fact that the quality of the content might not correspond to the amount of influence you get on Steemit. I know! This is the sad truth. As a matter of fact, low-quality content may receive more earnings compared to your high-quality masterpiece.

On the brighter side, Steemit is a global community. It is quite possible to meet fellow steemians in your local town, or even better, in the annual steemfest. Sounds amazing, right? Anywhere you go all over the world; it is possible you have some Steemit friends there.

Some other good news, it is up to you to influence your earnings on the platform. Does the mention of cash excite you?

Whilst it is not possible to influence the amount you earn, it is possible to influence and improve your earnings by staking Steem earnings. Another money-making opportunity is by investing in the voting bots. Yes, it is possible to create a steady income on Steemit.

I know what I have done here. The sound of bots is a turn off to many of us. I’m not a fan of bots either. However, the fact is that Steemit has a very high number of bots. I know it is sickening but well, we have no choice.  That’s Steemit for you in short. Let’s have a look at the other one:

Publish0x

This is a brand new one. We all love our new stuff and obsessed with them. Well, Publish0x is no different from them. Most tend to love it more and I’ll give you the reasons why. But first, in this ‘brand new baby’, users get rewarded using bounty0x tokens. Now, back to why most people love it more:

Money my people! Unlike Steemit where you have to wait for seven days to get your Steem, Publish0x pays instantly. People view your content and tip you. The more readers tip you, the more money you get. This is a monopoly free platform compared to Steemit which operates in monopolies. Moreover, the minimum withdrawal amount is 156 tokens which sound fair to me.

The good thing with publish0x is that it has a referral/ambassador system. Do you know what this means? It means Publish0x will grow at a faster rate. This is a good thing because traffic brings about more tips. More tips mean more Tokens. Practically, it is much easier to make money on publish0x than Steemit.

Another positive is that readers and writers both get rewarded. I know it sounds crazy but it’s true. But come to think of it, an author without a reader is worthless. Most importantly, readers and writers are all equally as significant.

No bots on Publish0x! It’s a bot-less platform, everyone is happy.

In Conclusion

It is interesting to see how this Publish0x platform develops. It is still in beta version but making strides. On a personal view, I think Publish0x has nice and friendly features compared to Steemit. It is only a matter of time before it bumps it.

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