The decentralized architecture for a democratic internet

The Internet was conceived as a global democratic communication network – a mesh of computers in which information and power can be equally distributed. In 1969, the very first message was sent over the ARPANET, the pioneering computer network which later became known as the Internet. Fast-forward almost 50 years to the present day, the principal and the underlying foundations are under attack from multiple angles. Companies such as Google, Amazon, IBM, and Microsoft are centralizing control, while powerful lobbying groups are constantly working to fully undermine net-neutrality. It is a daunting fact that 74% of the cloud computing market is now controlled by these four giants. Furthermore, the reality now is that we are all facing a future where you are the customer and the product of a network controlled by only a handful of global corporations. But what if this relationship could somehow be reversed? To collectively own the network while also being the beneficiaries of the revenue that comes from its use.

An established business recently entered the cryptocurrency market, on a mission to shake up the global monopoly by building a decentralized democratic internet. DADI is a global, decentralized cloud services platform providing web services committed to upholding the founding principles of the internet by democratizing computational power. DADI is owned and run by everyone, sharing its revenue to help build a fairer Internet and shifting the balance of computational power away from large corporations. DADI is committed to providing fast, scalable, secure and inexpensive web services – offering to compute power, database storage, content delivery and other functionality to help businesses scale and grow. Whilst doing so, they represent a fundamental shift in cloud computing services by enabling peer-to-peer collaboration on a massive scale. The technology finds the closest and most appropriate hub of computational power and distributes tasks accordingly. Any device, from a smartphone to a super-computer cluster, can join the network and in doing so generate revenue from their unused capacity. On the opposite side of this transaction, network customers benefit from significant reductions in cost, enhanced security, rate flexibility and cutting-edge performance.

The platform has been in development for more than five years and is in production today, powering more than 200 established brands including What Car, Empire Online, Monocle, Mojo, Grazia, BT, Kerrang, Magic, Heat, Planet Rock, Absolute Radio, Kiss, The Debrief and Bauer Planet Radio. Essentially DADI is to the cloud what the cloud was to owned infrastructure and is proud to be tackling a $250 billion industry head-on. In addition to providing a fairer Internet for everyone, DADI provides a faster and cheaper alternative. The network facilitates enhanced levels of efficiency and performance, saving as much as 90% when compared with traditional cloud services. The network also prides itself on being environment-friendly – DADI concentrates on making full use of spare capacity from devices in homes and offices and is much better for the environment than traditional large server farms.

The organization recently reached another milestone by launching the DADI mainnet, which went live on June 28th to handle traffic for digital products via their native application CDN. Out of an impressive list of tools to be rolled out over the next few years, CDN is the first of their applications to be ‘network-ready’. DADI recently completed the deployment to the network for a major client and in doing so succeeded in moving over live traffic in controlled phases. Which achieved the dual benefit of speeding up their digital product and reducing cost. The DADI CDN is analogous to traditional content distribution networks, such as Limelight and Akamai. It has been specially designed to carry the processing and delivery load associated with image manipulation and asset delivery by acting autonomously as a layer on top of a core product. CDN paves the way for images to be edited easily using query strings and allows for full support for coaching, image manipulation, image compression, imagine format conversion and header control. An authenticated API allows for a fine-grained cache control in the form of content invalidation on an individual file or collective path basis.

The DADI network comprises of hundreds of edge nodes spanning across every continent and is well on their way to establishing a node in every major city across the globe. The content delivery network enables the caching of all content types at the edge, allowing a client to get as close to the customer as possible. By localizing the client closer to the customer it facilitates faster delivery, improves user experience, retention, conversation and enhances performance. DADI’s decentralized architecture reduces expenditure by removing numerous costs associated with traditional cloud environments. Following the successful launch of the mainnet, the DADI community has been presented with the opportunity to be a part of the network by joining the Founding Node Programme. The programme was designed to pay homage to the earliest and strongest supporters to become a member of an elite group and create history by laying the foundations for a new and fairer internet for all. The first dedicated DADI node is a limited edition host in a custom case built around a Raspberry Pi, designed and fabricated with partners at Blond. This particular node was the result of more than four months worth of prototyping and development, culminating in a unique glass and silicone structure with an exposed circuit board that would be suitable in homes and offices alike.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

The post The decentralized architecture for a democratic internet appeared first on Global Coin Report.

Ethereum (ETH) LiteCoin (LTC) Price Analysis – Battle Royale

While overall market conditions have improved somewhat over the past week or so as the bleed lower has subsided for now and many cryptocurrencies enjoying a respectable bounce from lower depths, the struggle continues within a challenging environment.

In particular, numerous, if not the majority of coins/tokens continue to trade below their 20; 50 and 200 day moving averages, which paints an unfavorable technical picture as well as confirming the primary trend, which remains lower.

During the past several months, we’ve attempted to provide readers with some clarity as well as levels that both investors/traders could monitor and may find beneficial in attempting to navigate the landscape in the hopes of avoiding the tripping of landmines that have littered the field with an emphasis on risk management via the strict adherence to suggested levels of potential resistance and support of various names.

More specifically, we’ve made it very clear that from a short-term perspective, the 20 day moving average has proved to be a reliable guide throughout these past several months with regards to direction and nothing has changed or altered despite the bump in prices from their recent lows.

With that behind us, let’s take a look at the action of both Ethereum (ETH) and LiteCoin (LTC) in which both continue to demonstrate and validate our reference to the importance of the action surrounding their 20 day SMA via the charts below.

ETHEREUM

As we can observe from the chart of Ethereum above, ETH continues to trade below its 20 (yellow line); 50 (blue line) and 200 (red line) day simple moving averages. In addition, we can also witness that since mid-May, ETH’s 20 day SMA has provided headwinds/resistance on four (4) separate occasions indicated via the shaded boxes with ETH unable to clear the hurdle and ‘stick/HODL’, thus far.

Therefore, as we’ve noted in numerous previous articles, both investors/traders would be wise in further monitoring of the action surrounding the short-term 20 day moving average, not just for ETH, but for any and all names that investors/traders may be following or have a current position in, for further clues/evidence with respect to direction. Until or unless such conditions/developments change or alter, we’ll continue to place emphasis on the 20 day SMA for short-term purposes.

Moving forward, the following levels may provide both investors/traders with some clarity with respect to direction and may want to utilize as a guide.

If, at any time in the days/weeks ahead, ETH is capable of clearing its 20 day moving average, presently residing at 470 and can ‘stick’, such development, should it materialize, would be and encouraging short-term start. Perhaps more importantly, should ETH go top-side of the 493 figure, such development may then open the door for a potential run into the 500-545 zone, which is where we find the declining 50 day SMA (534ish).

On the other side of the ledger, both investors/traders may want to utilize the 440 as primary as well as the 400-420 zone as secondary levels of potential support.

Nevertheless, ETH remains in a battle for control of its 20 day moving average as we stroke the keys on the keyboard.

LITECOIN

Without being redundant, much like ETC, LiteCoin continues to trade in similar fashion with LTC trading below all of its moving averages and continuing to do battle with its very own 20 day SMA at present evidenced via the daily chart above.

Similarly, LTC has failed on three (3) separate occasions thus far to clear its 20 day SMA since mid-May and finds itself in a struggle as we write.

Moving forward, potential resistance resides at the 90 as well as the 97 and 103 levels, while potential short-term support can be found at the 77-78 as well as 70-73 zone.

Needless to say, both ETC and LTC are presently engaged in a battle royale and continue to find headwinds/resistance at their 20 day SMA’s. Until or unless they can clear that initial hurdle, it will be difficult for either to gain traction as well as upside momentum.

Happy Trading!!

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

The post Ethereum (ETH) LiteCoin (LTC) Price Analysis – Battle Royale appeared first on Global Coin Report.

IOTA and EOS Present Technical Factors of Major Near-Term Interest

As technicians, we approach markets of any kind armed with the insight that, at the most basic level, any market is merely a crowd of people.

As history shows quite clearly – and as an insight that forms the very foundation of the field of statistics – while individuals are impossible to predict with any large sample accuracy, a crowd of people is a very predictable object over time.

This is, in fact, the most basic insight that drives the field of technical analysis.

As the crypto complex progresses in its evolution toward being perhaps the world’s next big asset class, trading volumes and liquidity levels continue to rise, and charts for many different coins continue to build out in terms of a history littered with formations, patterns, and levels that grow over time in significance as they are reinforced, repeated, or broken. This process suggests a growing importance for traditional hard-core technical analysis as a market tool and a source of edge for crypto traders going forward.

With that in mind, we will be taking a close look at two charts today, each of which carries very interesting features, particularly when it comes to casting and reading the tea leaves over the near future.

IOTA (MIOTA)

Chart courtesy of tradingview.com

The IOTA chart is powerfully defined by the one dollar level. As you can see in the image above, this level was key resistance last year, defining a couple of important highs before releasing into a massive acceleration higher in late November and early December at the height of the bubble blow-off stage for Bitcoin.

With the bursting of the Bitcoin mania, the crypto complex as a whole has been mired in a bear market context during the first half of 2018.

However, we are increasingly seeing signs of potential key support begin to come into play for many coins, IOTA being another excellent example.

IOTA formed an initial pivot low at the $1 level in early April and has just recently retested that level in late June trading.

Sentiment in the cryptocurrency complex has become extremely sour, suggesting that many charts such as this one could potentially be washed out at this point.

Traders focused on IOTA for the prospect of near-term gains should look for this key support level at the $1 area to hold firm and lead to an eventual breakout back above the 50-day simple moving average shown here.

If that type of pattern manifests itself, it could lead to a very quick range test of the highs that we’ve seen over the last several months, providing for a technical target of triple-digit percentage possibilities for IOTA bulls.

But the first order of business is to continue to see key support hold and signal that a sustainable base has been constructed by deeper pockets moving into this coin.

EOS (EOS)

Chart courtesy of tradingview.com

For traders focused on EOS, there is a lot to be gained by a critical focus on the pattern we see defining this chart over the past eight months.

As should be visible in the chart above, EOS is playing out a clear bullish trend with higher highs and higher lows, defined primarily by the trendline shown in the image as the dotted line.

This trend was initially defined by the pivot low formed in mid-March of this year through a minor violation of support at the $5 level. That pivot low was marked most significantly by an oversold print in the 14 day RSI measure – the first such print seen in EOS this year. In other words, this pullback (which also happened to resolve at a key Fibonacci level) came within the context of an upwardly biased tape over recent months and formed a higher low with a major oversold reading in a key oscillator.

In point of fact, this is a textbook rhythm for an upwardly trending market. From that point, EOS quadrupled in price in just about a month with an aggressive move in April.

Since that pivot high topped, we have seen a sharp correction right back to that key defining upward trend line, culminating in another clear oversold RSI print, this time at the $7.50 level – the only oversold RSI print that we’ve seen since the pivot low scored in mid-March.

Once again, we have a textbook pattern defining an upwardly trending market. This suggests the possibility that the next wave higher is setting up to get started soon. One can easily measure risk on a strategy to take advantage of this by simply being willing to hold onto a position here until or unless that key trendline is broken to the downside.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

The post IOTA and EOS Present Technical Factors of Major Near-Term Interest appeared first on Global Coin Report.