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Cardano ADA alert: Solid foundations revealed by latest technical release

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Cardano ADA solid foundations
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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

3 Coins Coinbase Will Adopt Next

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Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

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Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

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Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

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Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

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