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

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Cardano
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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Unlike some of the big names in the industry, which are still stuck with outdated algorithms like Proof of Work, Cardano deploys the Proof of Stake protocol, which has a number of advantages over its competitors.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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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