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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

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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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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