Encrypgen Offers A Low Risk, High Reward Opportunity
Published The Money Makers Club now has 6 of 15 available seats. Learn more here! Since the start of the year, crypto valuations have been collapsing faster than Kevin Spacey’s career. For investors who entered the market a few years ago, it’s been painful but not deadly. For those who entered the market at or near the highs, this bear market may have turned them off of crypto for a very long time. However, one bright side of the current market is that some incredible values exist. And one day these compelling values are going to make today’s investors boatloads of money. While I’m keeping my eyes on several tokens, perhaps the most exciting crypto company is Encrypgen (DNA).
Investors love to claim that projects they are following or investing in are the most likely to succeed. But despite the bear market, many coin price collapses have been the fault of the companies themselves. Many companies have missed their own deadlines and/or adjusted the roadmaps to something less ambitious. Encrypgen has done just the opposite. They are meeting their deadlines and are on the verge of releasing a revolutionary platform in the field of blockchain genomics.
It’s well known that small cap healthcare/biotech stocks have the potential of generating the highest returns in the equity markets. Of course, those high returns come with astronomical risk. So what if I told you that Encrypgen could generate those kind of returns with only a fraction of the risk that typically comes with start-up science companies? Well, I fully expect Encrypgen to do just that. I mentioned the risk is only a fraction typically associated with these types of companies because at some point in the 4th quarter (probably much sooner rather than later), Encrypgen will release the full working version of the Gene-Chain. The beta version is already live. The Gene-Chain will allow researchers and scientists to purchase data directly from consumers using Encrypgen’s token, DNA.
In addition, a buy-now feature will be implemented in the platform. This is expected imminently. This game-changing functionality will allow researchers to convert FIAT to DNA tokens directly on the Gene-Chain. Researchers will receive DNA tokens and Encrypgen will receive funds that will be converted to BTC so that the company can continue to operate, expand, and enhance their product offerings. Anther reason why I consider the risk to be much lower than usual is that the company has already done a tremendous job of navigating the complicated regulatory hurdles. Because of the sensitive nature of the information being uploaded to the Gene-Chain (consumer genetic data), it certainly is necessary for regulation to exist.
Nevertheless, Encrypgen has already dealt with that while other competitors, such as Nebula Genomics, Shivom and LunaDNA, are significantly behind. I always prefer to invest my hard earned money in market leaders rather than followers. And there is no question that Encrypgen is the current leader in this space.
Investors should also take note that Encrypgen currently has an ICO cap of approximately $3.
1 million. Based on some of the other valuations I’ve seen in the crypto space, that is a significant undervaluation. A $3.1 million valuation for a market leader in one of the fastest growing spaces that is about to release game changing technology doesn’t make much sense to me.
I am expecting a sharp and rapid increase once the Gene-Chain is being used by researchers. The opportunity to accumulate at these prices won’t exist for much longer.
Featured image courtesy of Shutterstock.
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You must be logged in to post a comment Login Leave a Reply Bye-Bye Bitmain – Siacoin Hardfork to Focus on Homegrown Mining Rigs
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The Siacoin (SC) development team have opted to reverse their initial decision to allow Bitmain and Innosilicon ASIC mining rigs to dominate the Sia blockchain.
The hardfork to v1.3.6 on October 31st will render these technologies incompatible with Sia mining, leaving the door open for Sia lead developer David Vorick’s own Obelisk miners to make up the hashrate. A Brief History
The Siacoin community had been split on this issue since the start of the year when a series of unfortunate events befell the Obelisk mining rig project – headed up by Siacoin parent company Nebulous, overseen by Vorick.
The Siacoin community had committed millions in development funds to purchase Obelisk mining rigs for the Siacoin blockchain.
The release of the hardware towards the end of 2017 was delayed, and at the same time industry giants Bitmain released their own specialized Siacoin mining rig, effectively undercutting the Obelisk project before it got started.
Controversy then ensued, as the Obelisk mining rigs failed to ship – presumably as a pre-emptive stop-loss given the market domination of the Bitmain technology.
The idea arose to brick the Bitmain hardware and only allow Obelisk rigs to run the blockchain – meaning the units could be shipped and their original purchasers could start mining as expected. Principles at Stake
At this point the community split into two groups – one which demanded the Obelisk mining rigs they had already paid for and a subsequent hardfork to make them viable. And the other which thought that, despite the misfortune regarding the Obelisk miners, the blockchain should ultimately remain open and decentralized – even if it means Bitmain rigs dominated the blockchain.
In January the decision was made to go without a hardfork, and allow the proliferation of ASICS to continue. Now, as of October 1st, the decision has been made to reverse that decision, and kick Bitmain and Innosilicon manufactured miners off the blockchain. Obelisk rigs will now be used to maintain the hashrate, as intended almost a year ago. Hardfork Reversal
Lead developer, David Vorick, took to the Siacoin Medium blog this morning to deliver this lengthy post on the decision to hardfork.
As Vorick wrote:
“After much discussion with the community and an in-depth look into the economics of ASIC manufacturing, the Sia core team has decided to reset the Sia Proof-of-Work function to brick the Bitmain and Innosilicon hardware.”
The post is worth a read, even if only to see the ups and downs of what should have been a simple product launch.
The subsequent decision not to hardfork was met with a community exodus, according to Vorick:
“A shadow of pessimism and regret fell over the Sia community. Chatrooms slowed down, discussions shifted towards mining, governance, and arguing over what could have been done differently instead of focusing around the powerful technologies behind the Sia core code. People started to leave…”
An FAQ article was later released to address common questions, and the hardfork is now scheduled for Halloween night, October 31st, 2018. The Siacoin price appears to have responded positively to the news, recording 7.5% gains since the post went live.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
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Loading… Future of DPoS in Three Projects: CyberMiles, EOS and TRON
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Delegated Proof of Stake (or ‘DPoS’) is a consensus model which seeks to supersede the likes of progenitors Proof of Work (PoW) and Proof of Stake (PoS) – with promises of increased efficiency and greater representative democracy amongst coin holders with regards to platform decision making.
A consensus mechanism is how blocks are verified, with in-built protocol to attempt to prevent faults such as unintended forks.
Rather than its predecessors DPoS has been described as many as being more akin to what is called the Proof of Action, rather than its namesake of PoS. It has also been described as an approach in which “People in a particular cryptocurrency community vote for Witnesses to secure their computer network.” What is It?
Delegated Proof of Stake isn’t all that dissimilar from PoS when you look at it.
Investors stake their token holdings in a voting procedure which decides the appointment of a select number of ‘delegates’ or ‘witnesses’ (rather than the free-for-all miner approach of PoW).
These individuals are responsible for a wide range of important responsibilities pending to network operation. At any point, stakeholders can revoke their vote of confidence in these delegates if they feel that they are underperforming or incapable of their duties.
Since DPoS is an as-yet lesser adopted consensus mechanism, there is a wide range of different approaches in place at present – and little in the way of standardised definitions. To best understand the ways in which it can be applied, as well as the different interpretations of this still nascent technology available present.
1. Decentralizing E-Commerce
CyberMiles intends to utilise a combination of trusted and original technologies with the intention of decentralizing e-commerce through decentralized blockchain technology.
The platform intends to migrate to its own independent blockchain on October 15th, 2018 and currently resides on the Ethereum blockchain, however it incorporates DPoS.
CMT Cubes are one of the most unique aspects of the CyberMiles approach, and they play the role of ‘delegators.
The cubes are hardware-based and act as the primary method of staking internal currency (‘CMT’s) towards the election of blockchain validators.
They will be available for investors to purchase and they are also promised to feature an easy-to-use user interface, along with in-built security features and low power-consumption.
The team’s proprietary programming language for smart contracts and DApps is entitled Lity and acts as the foundation for all projects built on their platform. It will also be cross-compatible with Solidity.
Time will tell as to whether CyberMiles’ approach will be successful, with token pre-sales (along with Cube sales and the launch of their main net) set to begin as soon as October 15th, 2018.
2. Creating an Operating System for DApps
EOS is a project with a massive token, and this is proven on record with the eponymous cryptocurrency ranking at number 5 on CoinMarketCap ’s top 100 listing. It is valued at $5.
25 USD a piece at the time of writing, with a $4,756,512,072 USD market cap.
The EOS ecosystem has been referred to widely as a blockchain infrastructure for commercial-scale DApps, as well as “the first blockchain operating system”.
With the EOS implementation of DPoS: we can quite literally state that the coin fuels the operation of the platform.
With what’s called ‘Approval Voting’ each EOS token-holder can take part in a voting process where they are allowed to stake their holdings towards a maximum of 30 candidates. Investor power is proportional with a single token counting for a single vote, and at the end of the process a total of 21 validators are chosen. These validators are referred to by EOS as ‘blockchain producers.
EOS has been the victim of a handful of attacks due to its popularity, exposing security flaws in their system. Despite this it remains popular, as well as receiving attention in Hacked.com’s Trade Recommendations section.
3. Decentralizing the Internet
TRON is the final project which we will be investigating and it’s another top-ranking coin on market-cap aggregates. A multifaceted blockchain based project and utility-token which incorporates a wide range of technologies, TRON’s ethos is the facilitation of the decentralization of the internet.
The company’s flagship product is called the ‘TRON Protocol’ and like EOS it posits itself as something of a blockchain based ‘operating system’, acting as the foundation for DApps and other projects to build their own solutions.
Additional creations available at present include the TRON Blockchain Explorer , and Project Genesis : a reward pool distributed as incentives for events such as programming contests – as well as the ‘Tron Accelerator Loan’.
TRON goes as far as to call their DPoS approach ‘TPOS’ to differentiate it from the many other interpretations which exist. One of the most impressive factors in comparison to peers is the size of the delegate community which they have achieved. They call delegates ‘Super Representatives’ and they have 143 of them, in addition to 937 online nodes.
Like the change in names, most of the changes from DPoS here are superficial and do not present any major differences in technical operation. The coin has been reportedly showing signs of promise with regards to market value for its proprietary TRX coin recently. The Future of DPoS
Delegated Proof of Stake has raised a lot of questions within the crypto community: particularly due to its experimental nature, however examples such as CyberMiles, EOS, and Tron demonstrate promising and successful implementations of the protocol.
With the rise of DPoS based solutions, it would appear that we are likely approaching a moment where it may rank amongst (and as a viable alternative to) the traditional PoW and PoS consensus mechanisms. Some of these projects are even listed in the top 100 cryptocurrencies with regards to market capitalization.
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