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Cardano (ADA): An altcoin driven by the scientific philosophy

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Cardano
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Cardano (ADA) is a relatively new cryptocurrency (released only last September 2017) that is making a lot of noise in the market and growing in spectacular fashion. It is hailed as the only currency based on sound scientific philosophy, open source software, and peer-reviewed work. One of this coin’s features is that it includes advanced contract handling from the get-go. That has made loyal followers out of many traders, investors, and enthusiasts.

Cardano’s e-Wallet is called Daedalus, and it’s like no other one in the market. It gives users the ability to activate decentralized applications within the cryptocurrency’s Blockchain. So, it’s both very powerful, versatile and safe.

Because of the many benefits it has, this coin has been rising unwaveringly since it arrived in the market. It’s trading at $0.32519 right now, which is an incredible 9.27% increase from its price from 7-days ago.

This is a currency that, despite being so young, is fully featured, it’s grown dramatically, and it has earned a very loyal user base globally – so, it’s worth it to have a look at its current situation and at Cardano’s development plans.

Cardano’s capitalization is already higher than what Litecoin enjoys. It’s worth over nine billion right now, which is an impressive feat to achieve in only eight months. It’s the worlds sixth preferred coin, according to Coinmarketcap and if things keep going as they have so far, it’s going to continue rising in value and market share.

Cardano’s value is anticipated to keep growing this year

Cardano has been rising in value ever since it was launched. It has increased 1500% in a short period.

Traders, investors, and experts like the currency’s exceptional features. Besides that, developing the platform is easy because Cardano is made through open-source, and the peer-reviewed philosophy they promote makes everything transparent and easy to follow. 

The team behind Cardano’s ADA is highly competent and active. When you have all those things combined in a single cryptocurrency, chances are it will be stable, strong, and the usual fluctuations that hit the altcoins markets won’t harm it much.

Cardano bets on gambling

Among the pending questions that surround the Blockchain technology is, can it be used in casino games? This is a serious issue because if a gambler wins a big price and wants to collect it as a cryptocurrency then the transaction is bigger, slower, and more expensive. It’s easy to see why this would be a problem for a practical gaming system based on altcoins.

In a recent whitepaper, Cardano announced that they already have a gambling game that can be both fair and based on cryptocurrencies. Moreover, their game would not include any kind of transaction charge. Should they succeed in this enterprise, they would not only become one of the leading coins in the world, but they would also have all the casino business for them alone. 

Cardano’s hardware wallet

A hardware wallet has many advantages. It improves security significantly because it’s mostly kept offline. While Cardano’s security is not in question at all, their new hardware wallet (launched last February 1st) is highly secure and capable of keeping any digital threat at bay. This increases investor’s confidence in the coin’s safety.

Attractive buying price

At the coin’s current price ($0.32519), it’s still cheap enough so you can buy it in high volumes but the prospects for growth are there as well. Cardano will inevitably become the year’s big opportunity to do great in the industry.

Steady and silent rise to the top of the coin industry

Cardano’s growth has been very quiet, but it’s been very steady as well. Keep an eye on this currency as it is expected to keep growing and become one of the market’s big players sooner rather than later.

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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 Britany G via Flickr

Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Ripple
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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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Altcoins

Ravencoin (RVN) Surges Following Binance Listing

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Ravencoin
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While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

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