The Key to EOS Adoption is Decentralizing RAM

From its inception, EOS was designed to crack the scalability challenge, promising speeds up to millions of transactions per second. It’s true the infrastructure is mostly in place and EOS is operating faster than many other public blockchains on the market. However, it’s still struggling to live up to its initial promise. Although its current record block speed of nearly 4,000 transactions per second beats out most other blockchains, the availability and price of RAM on EOS is proving to be challenging for developers.

The RAM Problem

RAM is state storage on the EOS network, which developers must acquire in order to launch their EOS dapp. RAM is priced according to market demand, which creates the first issue. Last year, Coindesk reported that speculators had jumped to buy RAM in the hope of later selling at a profit. This speculation caused the price of RAM to skyrocket, gaining eight times its value. It then dropped, but RAM is still a significant cost for developers.

To try and calm the markets, the EOS block producers voted to increase the volume of RAM up to a new cap of 128GB by December 2019. However, the other issue with RAM is that even this new cap doesn’t provide the storage capacity needed to run many sophisticated, data-centric dapps concurrently. Of course, the more dapps join the EOS network, the greater the competition for RAM will become.

Perhaps for this reason, many devs are still turning to Ethereum as their platform of choice.  Nearly 60% of dapps released in December 2018 were on Ethereum, despite that EOS dapps have more users. The first dapps to use Ethereum’s Plasma scaling protocol will be going live in 2019, meaning transaction speeds on Ethereum could soon outpace EOS.

However, a new project has emerged that looks as if it could provide a much-needed solution to the RAM problem. LiquidApps has now launched its DAPP Network featuring vRAM – an alternative, affordable storage solution for EOS developers.

About the DAPP Network and vRAM

The DAPP Network operates as a layer on top of the EOS main net, providing utilities to developers, of which vRAM is among the first to market. The DAPP Network runs on the DAPP utility token, which developers use to pay for the services of the DAPP Network.

The network itself is formed of Dapp Service Providers (DSPs). Any individual or entity looking to provide services to dapp developers on EOS can apply to become a DSP, with the precondition that they must meet the minimum specification for becoming an EOS block producer. Once set up, they can decide for themselves how to package up their services for developers, and price them according to market demand.

The developer can then purchase a vRAM storage package from a DSP using DAPP tokens. The vRAM is compatible with EOS RAM and aims to enable the storage and retrieval of potentially unlimited quantities of data affordably and efficiently.

vRAM acts as a kind of hard drive on EOS, allowing RAM to serve as a cache layer for in-operation data. Data is permanently stored on distributed file storage systems, hosted by DSPs and loaded into a temporary cache table on EOS RAM once it is needed for a smart contract operation. In this way, vRAM enables on-chain integrity for transactions to be stored off-chain.

Delivering Value to Developers

The benefit of vRAM to an EOS developer shouldn’t be underestimated. It removes the barrier to developing dapps on the EOS platform, potentially encouraging a broader range of smaller and independent dapp developers who would otherwise be priced out of the market by the cost of RAM. Users will benefit from a flourishing ecosystem of dapps, as data usage is no longer a blocker to creativity.

While many projects sell themselves on just a fancy white paper and the promise of future utility, LiquidApps is already up and running with vRAM. Developers can go out right now and purchase DAPP tokens to buy vRAM, and the application process for becoming a DSP is already open.

The Future of the DAPP Network

Alongside vRAM, LiquidApps has already launched a software development kit (SDK) for dapps called Zeus. It’s a go-to resource comprising libraries, code samples and documentation for building dapps.

However, now that vRAM and Zeus are live, LiquidApps doesn’t plan to stop here. The company foresees expansion of the DAPP Network to include other utilities in the future. Some examples of the potential services could be P2P lending of DAPP tokens between users, or inter-blockchain communication solutions.

In terms of the latter, LiquidApps has designed the DAPP Network to be blockchain agonistic. Although the first use cases are based on the EOS blockchain, the company plans to host utilities that will work with other blockchains, or even across different blockchains, in future.

EOS may be winning out on transaction speeds, but as yet, the limited availability of RAM means its full potential has not been realized. Ethereum is developing its own scalability solutions like Plasma, and other platforms such as Tron are contending for developers and users. EOS needs to up its game too if it wants to stay ahead of the competition. LiquidApps vRAM solution, combined with the processing power of EOS, will now put the platform in a position where it can finally achieve true scalability.

Image Source: Depositphotos.com

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The Key to EOS Adoption is Decentralizing RAM

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Bitcoin (BTC) Price Won’t Go Quietly, Risk of Break Grows

  • Bitcoin price is currently consolidating above the $3,940 support area against the US Dollar.
  • The price is likely to grind higher above $4,000 as long as it is above the $3,940 support.
  • There is a key bearish trend line is forming with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate gains once there is a close above $4,000 and the 100 hourly SMA.

Bitcoin price seems to be preparing for the next break against the US Dollar. BTC is likely to climb above the $4,000 barrier unless buyers fail to defend the $3,960 and $3,940 support levels.

Bitcoin Price Analysis

Recently, bitcoin price rebounded nicely after trading as low as $3,872 against the US Dollar. The BTC/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and later the price corrected lower. There was a dip below the $3,980 level and the 23.6% Fib retracement level of the last wave from the $3,872 low to $3,999 high.

However, the key $3,940 support area acted as a strong barrier for sellers. The price found support just above $3,940 and the 50% Fib retracement level of the last wave from the $3,872 low to $3,999 high. It is currently moving higher and trading near the $3,980 resistance. There is also a key bearish trend line formed with resistance at $3,980 on the hourly chart of the BTC/USD pair. Above the trend line, the 100 hourly SMA is positioned near the $3,985 level.

Therefore, a break above the trend line, the 100 hourly SMA, and $4,000 is must for buyers to gain control. Above $4,000, the next key resistance is near the $4,020 level, above which the price is likely to test the $4,045 resistance. On the downside, an initial support is at $3,960. However, the main support is near $3,940, which may continue to hold losses.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is clearly consolidating above the $3,940 support level. As long as the price is above $3,940, there are chances of more gains above $3,980 and $4,000. To gain bullish momentum, a clear break above the $4,020 pivot level is required. On the downside, a close below the $3,940 support might accelerate losses towards the $3,900 and $3,875 levels.

Technical indicators:

Hourly MACD – The MACD is currently in slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level, with positive signs.

Major Support Levels – $3,960 followed by $3,940.

Major Resistance Levels – $3,980, $4,000 and $4,020.

The post Bitcoin (BTC) Price Won’t Go Quietly, Risk of Break Grows appeared first on NewsBTC.

Bitcoin (BTC) Price Won’t Go Quietly, Risk of Break Grows

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis

  • The total crypto market cap seems to be facing a couple of important resistance levels.
  • EOS price is slowly moving higher from the $3.62 support area, with a positive angle.
  • Binance Coin (BNB) surged more than 10% and broke the $16.50 resistance.
  • Bitcoin cash price is currently consolidating above the $165 support level.
  • Tron (TRX) price retreated from highs and declined more than 4%.

The crypto market is slowly moving lower, while bitcoin (BTC) and Ethereum (ETH) are facing many hurdles. Binance coin (BNB) rallied recently, whereas BCH, ripple, EOS, TRX and ADA are currently consolidating.

Bitcoin Cash Price Analysis

Bitcoin cash price declined recently below the $170 and $165 support levels against the US Dollar. The BCH/USD pair tested the $160 support level and later bounced back. The pair moved above the $165 resistance and it is currently consolidating gains.

On the upside, an initial resistance is near the $168 level, followed by $170. Once there is a break above the $170 level, the price could climb to a new monthly high in the near term.

EOS, Tron (TRX) and BNB Price Analysis

EOS price declined recently and traded below the $3.65 support level. The price tested the $3.60 support level and it is currently correcting higher. Buyers pushed the price above the $3.65 level, with a positive angle. However, there are many hurdles on the upside near the $3.70 and $3.72 levels.

Tron price traded above the $0.0230 level recently and later failed to hold gains. TRX price is down more than 4% and it is currently trading below $0.0230. An immediate support is at $0.0225, below which the price could decline towards the $0.0220 level.

Binance coin (BNB) performed really well recently and climbed above the $16.00 and $16.50 resistance levels. BNB price is up more than 12% and it recently spiked above the $17.00 level. The next key resistances are near $17.40 and $17.50. If there is a downside correction, the previous resistances near the $16.50 and $16.20 levels are likely to act as decent supports.

Crypto Market Cap Bitcoin Cash BCH TRX EOS BNB

Looking at the total cryptocurrency market cap hourly chart, there was a crucial bearish reaction near the $136.0B resistance level. There was a slow and steady decline below the $134.0B and $133.0B levels. The market cap is currently following a major bearish trend line with current resistance at $133.5B on the same chart. A proper close above the trend line and $134.0B is needed for buyers to gain traction in the near term. If not, there is a risk of more losses in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and other altcoins in the near term.

The post Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis appeared first on NewsBTC.

Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Ripple Price Analysis: XRP Facing Uphill Task With Sellers In Control

  • Ripple price recovered recently, but it failed to break the $0.3120 resistance against the US dollar.
  • The price is slowly declining and it is currently trading well below the $0.3100 level.
  • There is a crucial bearish trend line formed with resistance at $0.3065 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might continue to slide and it could revisit the $0.3020 support level in the near term.

Ripple price is currently under pressure against the US Dollar and bitcoin. XRP/USD is facing a strong resistance near $0.3070 and it may extend its decline towards $0.3020.

Ripple Price Analysis

After testing the $0.3000 support, ripple price started a short term rebound against the US Dollar. The XRP/USD pair traded above the $0.3050 and $0.3080 resistance levels. The price even traded above the $0.3100 level, but it faced a strong resistance near the $0.3120 level. Besides, the price even failed to test the $0.3120 level and the 100 hourly simple moving average. A high was formed at $0.3113 and later the price started a downside move.

It traded below the $0.3080 and $0.3060 support levels. A low was formed at $0.3031 and the price is currently correcting higher. It is trading above the 23.6% Fib retracement level of the last decline from the $0.3113 high to $0.3031 low. However, the previous support near the $0.3060 level is acting as a resistance. There is also a crucial bearish trend line formed with resistance at $0.3065 on the hourly chart of the XRP/USD pair.

Above the trend line, the next resistance is near the $0.3080 level. It coincides with the 61.8% Fib retracement level of the last decline from the $0.3113 high to $0.3031 low. However, the main resistance is near the $0.3100 level and the 100 hourly SMA. Therefore, even if the price breaks the $0.3065 resistance, it is likely to struggle near $0.3080 or $0.3100. On the downside, an immediate support is near the $0.3030 level, below which the price may revisit the $0.3020 support level.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is clearly trading near important resistances near $0.3060 and $0.3070. There may be a short term upside break, but the price remains in a bearish zone as long as it is below $0.3100. On the downside, if there is a break below the $0.3020 support, there could be heavy losses towards $0.3000 or $0.2920.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 40 level.

Major Support Levels – $0.3030, $0.3020 and $0.3000.

Major Resistance Levels – $0.3065, $0.3080 and $0.3100.

The post Ripple Price Analysis: XRP Facing Uphill Task With Sellers In Control appeared first on NewsBTC.

Ripple Price Analysis: XRP Facing Uphill Task With Sellers In Control

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Ethereum Price Analysis: ETH Could Jump If It Closes Above 100 SMA

  • ETH price is forming a decent support near the $134 level against the US Dollar.
  • The price is currently moving higher and testing the key $136 resistance and the 100 hourly SMA.
  • There is a major bearish trend line formed with resistance at $136 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a solid upward move once it settled above $136 and the 100 hourly SMA.

Ethereum price is currently approaching key hurdles against the US Dollar and bitcoin. ETH is likely to climb higher sharply once it breaks the $136 and $138 resistance levels.

Ethereum Price Analysis

Recently, there was a slow decrease in ETH price after it failed to clear the $138 resistance against the US Dollar. The ETH/USD pair formed a couple of lower highs and declined below the $136 support level. There was even a close below the $136 support and the 100 hourly simple moving average. The price traded close to the $134 support, where buyers emerged and protected further losses. Later, the price corrected higher above $135 and the 23.6% Fib retracement level of the recent decline from the $138 high to $134 low.

However, the previous support near the $136 level is now acting as a resistance. Besides, there is a major bearish trend line formed with resistance at $136 on the hourly chart of ETH/USD. The pair is also facing hurdles near the 100 hourly simple moving average, currently near $136. Finally, the 50% Fib retracement level of the recent decline from the $138 high to $134 low is also near $136. Therefore, the $136 level and the 100 hourly SMA are crucial hurdles.

To start a solid upward move, the price must break the $136 and $137 resistance levels. The next key resistance is at $138, above which the price is likely to move into a bullish zone. On the downside, the $134 support could play a major role. If there is a fresh decline and the price breaks $134, there might be a sharp sell-off.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is clearly trading near a significant resistance area at $136. Therefore, the price will either break the $136 resistance and climb higher or decline once again. A bearish break below the $134 support may perhaps push the price in a negative zone in the near term.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly moving into the bullish zone, with positive signs.

Hourly RSIThe RSI for ETH/USD recently moved above the 50 level and it could continue higher towards the 65 level.

Major Support Level – $134

Major Resistance Level – $136

The post Ethereum Price Analysis: ETH Could Jump If It Closes Above 100 SMA appeared first on NewsBTC.

Ethereum Price Analysis: ETH Could Jump If It Closes Above 100 SMA

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
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