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Here Is How Cardano (ADA) Could Eclipse Tron and Zilliqa To Become The TRUE Ethereum Killer

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Cardano
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Exactly on the same day (July 30th) Justin Sun and the Tron Foundation launched the Tron Virtual Machine (TVM), the Cardano (ADA) project also released its IELE Virtual machine testnet. This new testnet will allow for developers to explore smart contracts as the team at Cardano plan on integrating the Virtual Machine into the Cardano blockchain. In the announcement, the Cardano team stated the following:

“We are excited to announce the IOHK launch of the second Cardano testnet, which is for the IELE virtual machine (VM) and follows the recent launch of the KEVM testnet. The technology is not only an important step on the Cardano roadmap but also for the industry – in offering robust and reliable financial infrastructure.” 

The announcement would go on to add how developers would use the new VM:

“Developers now have the opportunity to play around with the smart contracts technology that will eventually be offered as part of Cardano, and to provide their feedback, which we look forward to receiving over the coming months.”

“IELE is a virtual machine, with its attendant low-level language, designed to execute smart contracts on the Cardano blockchain.”

It is with the last statement that one begins to wonder if Cardano has all along been the silent Ethereum Killer and not Tron and Zilliqa as earlier predicted. The IELE Virtual Machine has been created through a strategy to make secure, reliable and efficient smart contracts that are easier to write. Many of the benefits on the Cardano Platform will appear later on but Solidity programmers will enjoy the following:

  • No arithmetic overflow for ‘INT’ and ‘UINT’ types
  • No stack overflow
  • Contracts are less error prone
  • Advanced security and reliability
  • Ability to program in more languages. It currently supports Solidity but plans are underway to add more such as Plutus

Also to note is that the IELE virtual machine’s instruction set is modeled after that of LLVM. LLVM is an open source technology that’s widely used, most notably in Apple’s toolset for building iPhone and Mac apps.

It is therefore with all these technological developments that it is safe to conclude that Cardano (ADA) can indeed end up being the Ethereum killer rather than Tron or Zilliqa. One advantage that Cardano has, is that the project has evolved out of scientific philosophy and a research-based approach. This means that every aspect of the project has been carefully scrutinized and tested before released to the public for use.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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