FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

All You Need to Know About the Developments on the Cardano Blockchain - Global Coin Report
Connect with us

Blogs

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

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

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Unlike some of the big names in the industry, which are still stuck with outdated algorithms like Proof of Work, Cardano deploys the Proof of Stake protocol, which has a number of advantages over its competitors.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

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

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite