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Cardano (ADA) creating shivers through Ripple and Ethereum’s (ETH) spine

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Cardano Ripple Ethereum
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Earlier this year, Cardano (ADA) surprised the market with its fever that went viral for a couple of weeks if not months. Those who suffered from this ailment were prone to talk about the coin constantly together with its projects. The infected ones were also seen to predict and hope for a wonderful market performance for this year as the digital coin and its management dedicate themselves to delivering on promises concerning its road-map.

And by looking at the coin’s fundamental concepts and roadmap, it is safe to say that once the Cardano (ADA) mainnet is live and running, the digital currency will give the more relevant coins such as Ethereum (ETH) and Ripple (XRP) sleepless nights as I will try to elaborate.

Ranked as the 7th most popular virtual currency in the world with a market cap of more than 3.7 billion US dollars, Cardano proves itself to be one of the most notable crypto projects in the cryptocurrency ecosystem. According to Weiss Ratings that were released in May 2018, Cardano was rated to be one of the most promising currencies in the digital sphere having a trustworthy and transparent team.

Cardano (ADA) Vs. Ripple (XRP)

As many might not know, Cardano (ADA) is a virtual currency that facilitates quick and direct money transfer on its blockchain network. On the issue of transaction speeds or durations, the number is yet to be confirmed by the Cardano team; many analysts differ on whether it beats Ripple’s 3.3 seconds per transactions. If these assumptions are anything to go by, Cardano might be the fastest virtual currency and blockchain technology out here to initiate and implement transactions.

Also, Cardano’s platform is believed to run financial applications that can be used for daily activities by regular people like you and I, by institutions, and by nations. From the sound of it, it sounds like Cardano (ADA) will be competing with Ripple’s projects namely, xCurrent, xRapid, and xVia.

Thanks to their worthy developers, the Cardano network is developed in layers that give the system the flexibility and capability to be easily maintained and upgraded. Cardano is usually upgraded using soft forks, and given its upgradable capability, Cardano (ADA) competes hand in hand with Ripple which also is upgradeable. Ripple released their recent upgrade, Ripple v.0.90.1.

Moreover, when it comes to price, Cardano is way cheaper and affordable compared to Ripple (XRP) in the virtual currency markets at present. It offers an untapped source of investment since there is no much hype around the digital token at the moment given that the Cardano blockchain project is run as a non-profit project.

Cardano Vs. Ethereum

In the case of the Parity incident, Ethereum’s smart contracts have proved itself to be vulnerable considering the case where a random user managed to lock up and hold hostage over 200 million US dollars of Ether in the form of a smart contract. Cardano also has the capability of offering smart contracts on its platform more securely and at a shorter period compared to Ethereum.

All in all, Cardano seems to be a present and future threat for both Ethereum (ETH) and Ripple (XRP). Keep an eye on this crypto; it’s not just another blockchain project, it’s something ‘real’ in the making.

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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 Maxpixel.net

Altcoins

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

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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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