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All You Need to Know About the Developments on the Cardano Blockchain

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While big blockchain projects like Bitcoin and Ethereum are game-changers in the field of cryptocurrency, the market has seen a boom in several altcoins, which strives to deliver better security features. Among the third generation blockchain projects, Cardano (ADA) stands out in terms of its revolutionary approaches to the blockchain. Cardano, which sees itself as next-generation blockchain network, anticipates solving the challenges in the existing systems.

Despite all the attention from the investors, the big market players like Bitcoin and Ethereum have their own set of limitations, ranging from high transaction fees to frequent security breaches. As a dynamic blockchain system, Cardano aims to mitigate the problems of scalability, interoperability, and sustainability. To actualize these goals, Cardano has created different groups within the systems, allotting separate functions to each.

As a fully decentralized network, Cardano intends to deliver more advanced features through smart contracts. While Ethereum’s smart contracts have been acknowledged for its smart and decentralized applications, Cardano aims to provide much more. The project is a mammoth enterprise in terms of its vision and undertakings, seeking to eliminate the challenges in the market. Born out of a scientific philosophy and a research-based approach, this formidable altcoin can be regarded as Ethereum killer in its own right.

Technology Behind Cardano

Unlike some of the big names in the industry, which are still stuck with outdated algorithms like Proof of Work, Cardano deploys the Proof of Stake protocol, which has a number of advantages over its competitors. Cardano’s Ouroboros Proof Stake (PoS) algorithm is unique in terms of how it defines the way nodes reach consensus. Written in advanced coding languages, the blockchain has scientifically proven as secure.

Ranking 8th by market capitalization, Cardano is regulated by renowned developers, consisting of a large number of expert engineers and researchers. While the regulatory aspects of the system are governed by Cardano Foundation, the commercial applications of Cardano network are regulated by Emurgo. Besides this, the popular blockchain engineering company IOHK is responsible for some of the essential upgrades on the blockchain. Led by Charles Hoskinson, the team can be regarded as the catalyst for Cardano’s steady growth in the industry.

Development Upgrades in the Network

Recognised as the next-generation of the blockchain, Cardano has created quite a stir among the investors for its progressive developments. Featuring among the top ten currencies in the market, this blockchain attempts to maintain a healthy relationship with its community. In fact, it leaves the communication channels open by releasing technical updates periodically. Besides keeping the audience in the loop, the team introduces frequent upgrades to the system. The Daedalus wallet, which is looked upon as one of the key components of the blockchain, has recently been updated to incorporate new features.

  • Cardano Invests in the ICO of a Blockchain Startup

Reviewing some of the recent developments in the network, it is essential to highlight Cardano’s investment in the Initial Coin Offerings (ICO) of the startup enterprise Disciplina. Issuing a statement about the investment, Disciplina founder and CEO Ilya Nikiforov said “This is a huge endorsement for Disciplina by one of the world leaders in blockchain and cryptography. We are thrilled that Mr. Sasaki sees the opportunity for our platform to improve the way academic records are managed.”

  • Cardano Gets Listed on Bithumb

As per the price charts of Cardano, the coin’s performance hasn’t been disappointing in the last few weeks. To alleviate the tension in the community, Cardano has announced some positive updates regarding ADA trading. According to the update released by Bithumb, Cardano has been listed on Bithumb. While this came as a big surprise to the ADA holders, ADA has recorded a positive market response in the form of upward price movements.

Cardano’s Price Forecast

Looking at the price movements of ADA, it is evident that a bear run is on the cards. Although all is not fine with Cardano, its price has taken a turn for the better, showing signs of a reversal. As of 14th June, this altcoin is trading at $0.168749.Boasting a market capitalization of $4,375,167,226, this big market mover has recorded a subsequent rise in the trading volume. While it’s difficult to predict the future of this currency, it is possible to imagine the currency among the top gainers in this field, and going by the analysts’ findings, Cardano (ADA) can increase by over 8000% in 2018.

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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.

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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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