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Cardano ADA alert: Solid foundations revealed by latest technical release

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Cardano ADA solid foundations

Cardano recently announced two new testnets and other substantial progress in their Proof of Stake protocol.

At the heart of Cardano’s technology lies Ouroboros. It’s a scientifically proven algorithm that uses the Proof of Stake principle to guarantee every transaction’s security. Cardano is a pioneer in bringing scientific ideas and peer-reviewed processes into the blockchain world. This latest Ouroboros version (called Genesis) allows new users to join the blockchain without any previous activity or knowledge of the chain’s prior history.

Ouroboros at Eurocrypt 2018

IOHK owns Cardano. They’ve been invited to Eurocrypt 2018 to show their new technology to the cryptography community. This is a great pat on the back for Cardano because they privilege peer-reviewed work and scientific philosophy as a core value in their project.

Eurocrypt is a prestigious academic event, which seldom features presentations with a commercial intent, which is why the fact that Cardano is included this year counts for even more. But showing scientific credibility is one of the things that has distinguished the Cardano project from all other blockchain projects from its very inception.

K-EVM and IELE

K-EVM and IELE (which is more like the LLVM) are two testnets recently announced by the Cardano project.

K-EVM will be released coming May 28th. It aims to bring the Ethereum Virtual Machines semantics to the K framework so that EVM is formalized in a better, more accessible way for developers.

IELE’s point is to give developers a compiler and a toolchain that work on LLVM’s modular principles. It’s the register-based virtual machine that is at the heart of Cardano’s computing layer.

Both K-EVN and IELE are part of Cardano’s Goguen milestone. This is an important step in the project’s development. It’s aimed at increasing functionality for the currency’s smart contract features (which is already unique in the market) and also to support Cardano’s smart contract programming languages called Plutus and Marlow.

Last month’s update announced that the Plutus language engineering is very nearly done. Also IELE’s translator, which allows it to interact with the Ethereum Classic Mantis client. That’s been the roadmap so far and Cardano will update it soon. We should all pay attention.

Cardano’s ADA has been supported by the market over the last few months so it’s value has been increasing steadily, even among the fluctuations we’ve seen recently.

This is a project that has undergone a thorough audit from FP Complete (a third-party software developer) successfully. That has made investors and enthusiasts confident in the project’s reliability and potential to grow and to be held accountable. ADA is currently listed in the Huobi saw Chinese capital flow at Beijing.

This kind of reliability, transparency, announcements and other events have helped the ADA’s value to rise by 150%, and this trend could keep going up as the market sees that Cardano delivers excellence at every step of the way.

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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.

Image courtesy of Gil Ortiz Jr. via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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