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Unlike some of the big names in the industry, which are still stuck with outdated algorithms like Proof of Work, Cardano deploys the Proof of Stake protocol, which has a number of advantages over its competitors.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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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