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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

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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