Everything You Need To Know About OmiseGo

What is OmiseGo?

OmiseGo is an Ethereum based open-source payment platform based on the decentralized blockchain technology. True to its motto ‘Unbank the Banked’, it aims to provide good financial services to all.

The OmiseGo cryptocurrency is called OMG, and fuels the transactions done via the OmiseGo network.

OmiseGo was established in 2013 in Thailand by Jun Hasegawa and Donnie Harinsuit as a start-up to provide online payment solutions. Since then, it has become popular, especially amongst merchants, as it allows transactions without dependence on a third party.

OmiseGo’s advisory team includes Vitalik Buterin and Gavin Wood, co-founders of Ethereum. Its Initial Coin Offering raised about USD 25 million. More on CoinSwitch.

Value of OmiseGo (OMG) Today

At the time of writing, OmiseGO (OMG) soar to 9.57% and its price for today is $3.54. Its current circulating supply is OMG 140,245,398 with a market cap of $497,604,006 billion according to CoinMarketCap.

What do you think of OmiseGo future price? Share your prediction and/or speculation below.

Everything You Need To Know About Ethereum Classic

What is Ethereum Classic?

Ethereum Classic, like most other cryptocurrencies, is a platform based on decentralized blockchain technology, making it a public, open-sourced platform. It is fueled by its cryptocurrency, called Ether Classic (ETC). Much like its popular counterpart, Ethereum, it can be used to run Decentralized Apps (DApps) and perform transactions using Smart Contracts.

Ethereum Classic’s conception was a result of the flaws in the DAO (Decentralized Autonomous Organization) which was formed by the group of investors looking to use Ethereum’s Smart Contract technology. With the DAO’s rising popularity, the stakes were high, with funds locked in the DAO contract for use by the organizations. However, in June of 2016, a hacker stole about 3.6 million of the ETH present in the funds, causing a massive uproar throughout the community. The news dealt heavy damage to the then nascent cryptocurrency industry. The Ethereum team, including its founder, Vitalik Buterin, had to look for solutions.
The solution proposed was a ‘Hard Fork’ - where a radical change is introduced into the blockchain code, which makes the blocks either invalid or valid and requires the users to upgrade to the new versions should they want to continue using the blockchain. In simpler (but less accurate) terms, think of it as the entire Ethereum community going back to an older point in their blockchain where the funds had never been stolen, and then patching the DAO vulnerability to not the let hack happen again.
Thus, the code of Ethereum tokens (including the ones which were stolen) was changed, rendering the tokens stolen unusable. The original amount of tokens invested was returned to the investors via a new Smart Contract, and the code of the ETH was changed forevermore.
However, the move caused fresh controversy. Some people argued, and perhaps rightly so, that ‘Code is Law’ and that the law could not be changed to suit the interests of a few organizations. They broke away from the Ethereum community and continued using the old code of the Ethereum, renaming it Ethereum Classic. The token is being kept alive by many who believe in using the untouched version of Ethereum, and consider the untampered, completely decentralized blockchain network, along with irreversible Smart Contracts to be its strength. More on CoinSwitch.

Value of Ethereum Classic (ETC) Today

Ethereum Classic rose to 5.93% and its price for today is $11.36. Its current circulating supply is ETC 104,702,396 with a market cap of US$1,190,317,087 billion according to CoinMarketCap.

What do you think would be the price of ETC these coming days? Let us know your thoughts below.

Everything You Need To Know About Tether

What is Tether?

Just like the name suggests, Tether is a controversial cryptocurrency that is allegedly tethered to unending trading disputes and dubious ownership. This digitized token claims to be supported by US dollars reserve, portraying a 1:1 relationship with the underlying fiat currency.

This simply means that one Tether issued by the company has an equal value as of 1 dollar. However, the company has typically not able to produce conclusive evidence of their currency reserves, which has attracted a lot of negative attention from the markets and regulators alike.

Initially named as "Realcoin", the Tether cryptocurrency enables you to facilitate the transfer of national currencies, use Tether as an alternative to other cryptos and offer a quick exchange to other cryptos. Also, it shares a complex relationship with Bitfinex, one of the largest cryptocurrency trading platform. In short, it has a history worth sharing in the world of cryptos. More on CoinSwitch.

Value of Tether (USDT)

At the time of writing, Tether (USDT) has gone up a little by nearly 0.06% and valued at $1.00. Its market capitalization now stands at US$2,767,327,779 billion according to CoinMarketCap.

Tether is available in most of the exchanges, what do you think will be its future price? Let us know your thoughts below.

Everything You Need To Know About Zcoin

What is ZCoin?

Zcoin is a decentralized, digital currency that primarily focuses on the “privacy” and “anonymity” aspects of cryptocurrency transactions. It is the first cryptocurrency that fully implemented Zerocoin protocol. Zcoin intends to address the privacy risks that are present in Bitcoin transactions by masking the users' identities through its innovative technologies. Zcoin can be identified by its ticker “XZC”. More on CoinSwitch.

Value of Zcoin (XZC)

Zcoin (XZC) pumped 1.07% at the time of writing today to trade at $9.17 adjusting its market capitalization to US$52,075,185 million according to CoinMarketCap.

What do you think the future of Zcoin's price? Let us know your feedback below.

Everything You Need To Know About NEM

What is NEM?

The first cryptocurrency after Bitcoin to have built its code from scratch, NEM is unique for many reasons. Its stability, versatile use cases and consensus system are just a few of the things that make NEM different.

NEM, short for New Economic Movement, started out to build a smarter, more technologically advanced blockchain. It is a cryptocurrency which provides an improved platform and streamlined method to maintain a secure ledger for transactions. Getting rid of mining and the necessity for powerful systems and expensive hardware, NEM made cryptocurrency transactions much simpler and more efficient. It also drastically reduced the energy requirement for transactions as well as the time required for a transaction. More on CoinSwitch.

Value of NEM (XEM) Today

At the time of writing, NEM (XEM) is worth $ 0.099859 after it dropped 0.34% from $ 2.09, its all-time high recorded on January 20th this year. Its market capitalization is US$788,468,189 million today according to CoinMarketCap. 

What do you think is the future NEM's price? Let us know your feedback or reply below.