Month: November 2018

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Pascal Coin

What Is Pascal Coin?

Pascal Coin is a next-generation crypto that targets to improve the blockchain platform’s scalability to levels of the industry leader, VISA system. But this is not the ultimate goal. The development team is using the immediate target as a pathway towards infinite scalability.

  • Pascal Coin cryptocurrency introduces a new cryptographic concept

The Pascal Coin system has helped extend the blockchain-paradigm by embedding a new concept of cryptographic SafeBox. The token took an interesting design because its core code was created from scratch and then launched with no ICO, now pre-mining and no centralized coin allocation.

This implies that the founders worked on the project with their own resources compared to other tokens such as EOS that raised 4 billion in its ICO. By operating without an ICO or centralized mining implies that no one can run away with investor’s funds (it cannot be a pump and dump scheme).

The project has sent ripples in the industry because of the commitment of the development team and its creative features. The community is very optimistic that a new coin with the potential to take the industry to the next level has finally been discovered.

  • A closer look at the price performance of Pascal Coin

When the Pascal Coin hit the market in December 2016, the value was $$0.002. The price grew marginally to $0.008 by 21st January 2017 before shooting up sharply to $1.24 by the close of the month. Then, the price shot down to $0.1 by March 2017 before rising significantly to $1.3 in early June.

The price sank down again to $0.2 in October 2017 before rising steadily to hit $5.6 in mid-January 2018. The impressive performance did not last.  The price started falling after hitting the apex and dropped to $1.8 by early February. The bearish trend continued and reached a low of $0.4 by the close of October 2018.

Though the value of the coin was on a downward trend starting from January to the close of the third quarter of 2018, the trend is not only manifested by Pascal Coin. Even the top coins such as Bitcoin and Ripple have been on a negative trend.

What is the problem that Pascal Coin Solves?

The design of Pascal Coin was aimed at helping to address the main issues in the industry. The founders were concerned that the blockchain niche was slowly sinking into a decline and the available networks were not doing enough.

The development team was especially concerned that many crypto networks are targeted at optimizing the returns from the sale of coins through ICOs or pre-mined coins. Here are the main issues that the Pascal Coin solves.

  • The problem of scalability in the blockchain niche

While the popularity of blockchain and cryptocurrencies has been edging a notch higher day after day, the networks are finding it very hard to keep up with demand. The same design of decentralized networks that makes them desirable has become a serious limiting factor.

In most decentralized networks, transactions are run through consensus. This implies that before a transaction can be confirmed, the majority of the nodes have to agree.

Another issue that makes cryptocurrencies unable to handle more transactions is the fact that transactions come with data. For example, the block size of Bitcoin is only 1mb. This means that the quantity of transactions (call them data in this case) is limited.

If you take the industry leaders, Bitcoin and Ethereum, their scalability levels are really wanting. Bitcoin can only handle a maximum of seven transactions every second while Ethereum can only manage a maximum of 20 transactions every second. When these figures are compared with the conventional industry leader, VISA that can handle in excess of 20,000 transactions, it means that the blockchain niche has to go back to the drawing board. Now, Pascal Coin has the solution to the scalability issues.

  • Poor adoption of cryptocurrency

Even with the fast-rising number of cryptocurrencies in the market, the uptake and use in the society are very low. Many people have indicated that the process of buying the native tokens is complicated because they are forced to go through centralized exchanges. But one might ask; “How comes that tokens released through ICOs are cleared in second?”

When an ICO is announced, the people who rush to buy the coins are mainly investors targeting to optimize profit as opposed to supporting the blockchain niche. This is the reason why they offload the coins immediately the price of the tokens increases.

How Does Pascal Coin Solve The Problem?

Pascal Coin and platform are considered among the most comprehensive efforts for helping to address issues affecting the industry. Here is a demonstration of how the coin helps to address the issues in the industry.

  • The Safe Box

Unlike the traditional UTXO-based digital coins, the Pascal Coin has opted to adopt a new technology referred to as SafeBox. Under the SafeBox technology, the Pascal Coin system departs from the standard design where blocks contain transactions from address to another. Instead, it adopts 2 crucial components; the SafeBox (maintains all current balances) and the blocks that form the blockchain.

The same way it happens in other networks such as Bitcoin, the nodes are responsible for adding new blocks. However, they update their copies of the SafeBox independently when new blocks are created.

To make scaling effective, the SafeBox only stores the last 100 blocks in the blockchain without losing the security of the full-chain. The SafeBox helps to track the user account balances and retains the aggregated proof-of-work difficult in the SafeBox.

The SafeBox is considered very safe because a hacker who targets to forge it would require re-mining the entire network’s history. This includes the blocks that are no longer known. This operational design makes the Pascal Coin one of the most secure in the industry today.

  • Instant Unconfirmed Transactions

Because Pascal Coin is a state-based digital coin, the security guarantees of 0-confirmations operations (transactions) are considered stronger than what is at Bitcoin or other UTXO-based coins.

While payments are required to always wait for a few moments, merchants using Pascal Coin are able to accept 0-confirmation Pascal Coin payments. This mode of operation is achieved through a feature referred to as Double-spend-detection-service.

The service operates by querying nodes in the entire network to check for signs of double-spend. If there is no sign of double-spend in about 5-10 seconds, the store is assured that the payment will clear.

  • Commoditizing the Pascal Coin address space

In most cryptocurrencies, all the new users are allowed to come up with new addresses for their wallets. The impact is that the networks can experience an infinite address-space that can easily bloat the blockchain. To address the issue, Pascal Coin makes the address space finite to be able to commoditize it.

Note that though the accounts are limited, any public key can be associated with it. This makes the system to operate as a natural method of saving space because it is not littered with unnecessary keys. The design also helps to disincentivize the spanners.

  • Support for sub-tokens and smart contracts

By supporting the Pascal Coin’s two-layer model, it is possible to create Assets, sub-tokens, and even smart contracts like the Rootstock runs Ethereum platform over the blockchain core.

Now, running EVM (Ethereum Virtual Machine) over the Pascal Coin blockchain is possible by creating a side-chain pegged to an account. The transaction into this account would be plugged into the second-layer protocol on the EVM side-chain.

Being able to create side chains implies that any business can now easily build its own network and plug it into the Pascal Coin. You do not need to look at the tokens created by others and wonder how they did it. You can create and own tokens by joining the Pascal Coin system.

What makes Pascal Coin better than it’s competitors?

The design of the Pascal Coin has made one of the top networks to watch in the industry. Here are some of the things that make Pascal Coin better than competitors.

  • Though the coin is relatively young, it has demonstrated the capability to address the serious issue of scalability. Now, the industry can rest assured that it is possible to beat the industry leaders with more transactions per second. Note that the ultimate goal is making the Pascal Coin have a near infinite scalability.
  • The Pascal Coin allows users to send value on a peer2peer basis without involving centralized organizations such as banks. This means that the cost of sending value is lower and the process completes faster.
  • As one of the fastest cryptocurrencies, the Pascal Coin has excited the market so much. More stores have come out to support it because they are sure of clearing their clients without delays. Therefore, it is part of their customer value enhancement strategies.
  • The Pascal Coin allows users to send value without worrying about third-party seizures. The system uses advanced encryption and the SafeBox only stores the latest 100 blocks. This implies that is a transaction is in the previous blocks, there is no way third parties can pull out the details.
  • The Pascal Coin network is led by a tech-savvy team that progressively works on new features to help take the industry to the next level. This focus has won it support the cryptocurrency community that has been pushing up the demand for the native coin.

How can Pascal Coin be categorized?

The Pascal Coin is the next generation cryptocurrency and decentralized platform that targets to take the industry to the next level. Though the platform was targeted at addressing the issue of scalability, it has also provided a reliable solution for cross-chain transactions.

The interesting thing is that the architecture of the platform has been simplified so much so that every business can plug into the Pascal Coin system and start enjoying the benefits of the blockchain technology. Note that you can also launch own tokens on the Pascal Coin platform just like it happens at Ethereum.

What’s Pascal Coin’s vision on Security

The Pascal Coin’s vision on security is to become the most progressive and secure cryptocurrency network in the industry. The development team adopted the following strategies to help achieve this vision:

  • The platform uses a SafeBox that makes almost impossible to forge. Because the SafeBox only maintains the last 100 blocks, an attacker who wants to forge it would need to re-mine the entire blockchain including those that are no longer in the record. This is nearly impossible.
  • The platform uses advanced encryption that helps to cover user details to prevent unauthorized access. Even when miners follow back to confirm a transaction, they can only check the balances on the public addresses.
  • The network is led by a tech team that progressively reviews the network to identify vulnerabilities and close them to ensure that attackers do not take advantage of emerging gaps.

Examples of Pascal Coin’s use cases / applications

To assess the effectiveness of a cryptocurrency, one of the top methods is looking at its applications in the society. In the case of Pascal Coin, here are the main use cases.

  • Use the Pascal Coin to pay for transaction fee on the native network. The fee goes to supporting the platform’s development.
  • You can use the Pascal Coin to pay for goods and services in the stores that accept the coin. Note that even if only a different coin is accepted in the selected store, it is still possible to pay by using exchanges to convert to the supported token.
  • Use Pascal Coin as an investment. For people looking forward to investing in the crypto niche, the Pascal Coin is one of the top options in the market.
  • Trade the Pascal Coin in the market. Check for exchanges that support Pascal Coin and pair them with other tokens such as Ripple and Ethereum.
  • Use the Pascal Coin to pay for taxes in jurisdictions that support digital coins. Good examples include Arizona and Singapore.

https://coincheckup.com/coins/pascal-coin

https://coincheckup.com/coins/pascal-coin/charts#

https://coincheckup.com/coins/pascal-coin/news

https://coincheckup.com/coins/pascal-coin/analysis

https://github.com/coincheckup/crypto-supplies/blob/master/README.md

 

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ZrCoin

What Is ZrCoin?

The applications in the blockchain niche are potentially infinite. Satoshi Nakamoto’s focus on the financial sector only helped to open the door for other operations.

Now, developers are working hard to integrate new systems that can help the community to link and enjoy higher value for their investment.

One unique cryptocurrency projects in the market is the ZrCoin. The originators of ZrCoin commodity token targeted to integrate the industrial process based on a commodity.

The main goal of the ZrCoin project is implementing innovative technology in financing industrial projects.

The ZrCoin was created with the target of giving people direct control over the industrial production of zirconium dioxide/Synth (abbreviated as ZrO2). The project started with an ICO (initial coin offering) to raise funds for creating a synthetic plant for manufacturing zirconium dioxide. The ICO was held between May and June 2017.

  • A closer look at ZrCoin

When ZrCoin entered the market in June 2017, the price was $75.59. However, the value crashed by 23rd June to hit a low of $1.82. The price remained below $1.32 until the close of December 2017 when it grew marginally to $3.23.

On January 13th, 2018, the value had grown steadily to reach $4.15 before taking a steady decline to reach a low of $0.7 by the close of may 2018. Unlike other cryptocurrencies such as Bitcoin and Ripple that were on a bearish trend between January and the third quarter of 2018, the price of ZrCoin started recovering in June 2018.

In mid-June, the value of Zrcoin (ZRC) was $0.9 before taking an upward trend to reach $1.9 in early November. The early recovery has been cited as an indication of the potential for growth in the coming years. Experts have indicated that if you are looking forward to investing in the industry, Zrcoin (ZRC) is a good asset before the value moves up.

Remember that when it comes to investing in cryptocurrencies, the expected market growth is only a factor of speculation. This means that you should be extra cautious and avoid putting all investment in one asset.

It is advisable to spread the risk across different coins to avoid incurring huge losses in the case of extreme price swings. For example, you could put some funds on Zrcoin (ZRC) and others on assets such as BNB.

What is the problem that ZrCoin Solves?

While the blockchain niche has been growing steadily as evidenced by the fast-growing list of digital coins, the industry is still faced by a myriad of issues. Here are some of the issues in the industry that the Zrcoin (ZRC) solves.

  • High volatility of coins in the market

One thing that is closely associated with cryptocurrencies is high volatility. Unlike fiat currencies that are controlled through printing more coins or mopping some from the market to control inflation. However, the digital coins are decentralized and not controlled by a centralized authority.

When digital coins are traded in the market, they are only controlled by market forces. They promptly respond to issues taking place in the industry resulting in extreme market swings. Some of the issues that cause high price volatility include reports of partnerships, new competition, and government regulations.

One case of high volatility was reported in December 2017 and January 2018 when most coins’ price grew to the highest marks in history. For example, on December 2nd, 2017, the price of Bitcoin was $11,109.50 before jumping to $19,535.70 on December 17th, 2017. But the price dropped sharply in the subsequent few days to $13,670.60.

Zrcoin (ZRC) founder and development team sought to address this issue by using a commodity backed token. This implies that the coin is attached to a real asset. In this case, Zrcoin (ZRC) is associated with Zirconium dioxide that is used in processing ceramic glazes, kitchen utensils, and dentistry.

  • Poor adoption of the blockchain technology in all areas of the community

The fast progress of blockchain technology has been impressive. But it is yet to fully trickle to the community. In many cases, investors rush to buy tokens when ICOs are announced targeting to make high profits when the value goes up. It is because of this that only a few stores support the use of crypto tokens today.

The slow adoption of digital coins also plays out, especially in the manufacturing niche. Though there are a number of coins linked to actual assets such s Gold, the coins rarely target the processing areas. This is the area that Zrcoin (ZRC) targets to exploit.

How Does ZrCoin Solve The Problem?

The primary focus of the Zrcoin (ZRC) development team is helping investors to take control of the Zirconium dioxide and enjoy a high return on investment. Here is a demonstration of how the coin addresses the above issue:

  • Zrcoin (ZRC) coin links investors to the ZrO2 asset

To address the problem of market volatility, the Zrcoin (ZRC) is linked to a ZrO2. Like Gold, the synthetic concentrate ZrO2 is very stable and is expected to keep investors’ funds free from extreme market volatility. This is one of the reasons why the value of Zrcoin (ZRC) was relatively stable in the market between inception and the end of the third quarter of 2018.

During the launch of Zrcoin (ZRC) ICO, the early investors were promised 100% return on investment. This is the main reason that made demand for the Zrcoin very high when it hit the market for the first time but crushed after a short while. But the promise of 100% saw some people in the crypto niche label the network a Ponzi scheme.

  • The Zrcoin provides users with flexible operating system to help optimize output

When you invest in Zrcoin (ZRC) you do not just get the profit linked to the high-value ZrO2. Rather, you also gain control of the production process for zirconium dioxide. Note that unlike the standard coins such as Bitcoin that allow users to hold value, the initial Zrcoin investors were required to sell the token back or recover an equivalent of the coin value in the form of ZrO2.

Even the current investors still have the option of recovering profit by selling the tokens or recovering them as ZrO2. A lot of traders who deal with ZrO2 in different industries such as ceramics and grass have become clients buying and recovering the tokens in actual assets.   

  • A centralized token management system

Unlike other tokens such as Litecoin and Bitcoin Cash that have gone to great lengths in promoting decentralization, ZrCoin is different. The coin uses a centralized method where the production company manages the platform and the coins.

After the ICO that was completed successfully, the management indicated that investors would be required to sell back the coins to the company or recover the value through ZrO2. Besides, the coins are not minable.

The centralized system gives the ZrCoin management greater control over the production system so that they can match the market demand, supply, and investor expectations.  The method has attracted many investors especially those who want to start by learning how the system works before committing more funds.

What makes ZrCoin better than it’s competitors?

When ZrCoin entered the market in 2016, the founders knew that they faced serious competition in the market. Therefore, they targeted to create a winning platform that would deliver good customer experience and returns. Here are some of the things that make ZrCoin better than competitors.

  • The design of ZrCoin has helped to address the issue of market volatility.

Even as the conventional cryptocurrencies suffer from extreme volatility, ZrCoin has provides investors with a chance to invest without worrying of extreme price swings. Whether you want to invest in the blockchain niche or simply want to save funds without worrying of loosing, this is a good token to consider.

  • It is a good method of investing and expecting guaranteed returns.

When the ZrCoin development team worked on the initial coin offering, early investors were promised a 100% return on their investment. The commitment of the development team to tag a specific level of returns helps to win the confidence of investors because they are assured their investment will grow.

  • Though the processing system runs as a centralized system, its management is cohesive to guarantee users of better results.

Though a centralized system comes with many risks because one is an easy target for attacks and even authorities, running an industrial process is different. By centralizing the management of the ZrO2 factory, it is easy to optimize production and profit through the best practices.

  • The project is run by a highly experienced development team.

If you want to know the value and potential of a crypto project, simply take a look at the development team. The ZrCoin development is done by a tech team that facilitated easy transfer of the native tokens during ICO, in the markets, and even when users decide to recover the tokens for ZrO2 or cash.

How can ZrCoin be categorized?

The ZrO2 is a commodity-based token that targets to bridge the blockchain community to the industrial processes. Because of the high demand for ZrO2, investors are assured of enjoying high return in on their investment.

For others, the ZrO2 system is preferred because of its simplicity. Whether you want to invest money in a stable network or prefer to recover value as ZrO2 in the coming years, the ZrCoin coin is a reliable option.

What’s ZrCoin’s vision on Security

The ZrCoin’s vision on security is to become the most secure commodity token in the market. The development team targeted to provide investors with assurance that their coins would be safe from attacks.

The main method of keeping the ZrCoin secure is through its aggressive team that regularly evaluates the network to identify vulnerabilities and fix them before attackers can take advantage.

Examples of ZrCoin’s use cases / applications

To know the effectiveness of a crypto coin, simply look at the use cases. If a coin has multiple applications, it helps to raise the demand and value in the market. The main use cases of ZrCoin include;

  • ZrCoin can be traded in the markets to optimize returns. Like other tokens, ZrCoin can be traded in the exchanges that list it. Note that the process will require registering for a trading account, verifying it with additional personal information such as proof of location, and pairing with other coins.
  • Use ZrCoin as an investment or store of value. Instead of using other cryptocurrencies that are highly volatile, ZrCoin provides a reliable option that users can rely on to store value without worrying of extreme market swings.
  • Use ZrCoin to buy ZrO2 at lower rates. If you are a trader and want to buy ZrO2 for your operations, ZrCoin makes it easy to get the supply at lower rates. You only need to buy the coins when the value is low and recover ZrO2 when the token value goes up.

NOTE: While the ZrCoin presentation is impressive, some concerns have been raised about its operational design. These concerns are crucial especially to people who want to invest in the network.

  • The whitepaper provides a general overview of the concept with the target geared to make people buy the tokens especially during the ICO as opposed to understanding how the project operates.
  • The effort by the ZrCoin team to promise investors 100% return on investment makes the entire project to sound suspicious.
  • The ZrCoin roadmap ends in August 2018 and the development team is unclear of the next action.
  • The development team does not elaborate on the type of consensus algorithm that is used on the ZrCoin system.

In light of these concerns, investors should be cautious by ensuring they follow the best practices for crypto investment. For example, you should consider digging more information about the ZrCoin system before investing. You should also try to spread your investment to reduce the danger of incurring severe losses.

Finally, it is advisable to only invest the amount that you can afford to lose. This implies that when you decide to invest in ZrCoin, only invest what you have planned for investment as opposed to money for rent or medical care.

https://icosbull.com/eng/ico/zrcoin/whitepaper

https://zrcoin.io/files/Whitepaper_ENG.pdf

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https://coincheckup.com/coins/zrcoin/purpose