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Cardano (ADA) is a good pick, but it still needs to deal with these 3 downsides

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Cardano ADA

The current 8th largest cryptocurrency of the market, Cardano (ADA), saw an incredible hype not so long ago that shoot the crypto to the top and made everyone in the cryptosphere wondering exactly where could ADA get to, and what would it be possible for the token to achieve. Now that the hype is mostly gone, it is the best time to respond to these and other questions. Let’s see how it goes.

Cardano (ADA) 101

Cardano (ADA) is built on a fully open source blockchain with the use of the Haskell programming language, a code that actually was constructed from scratch (no copy-code controversy here as like in the case of Tron since the Ethereum founder and some other programmers criticised it for doing such).

It was created by two remarkable figures of the crypto world, Charles Hoskinson, and Jeremy Wood, both of which were formerly a part of the Ethereum group. In fact, in the beginning, one of the most vociferate ambitions of the crypto was to serve as an Ethereum killer, a crypto providing everything Ethereum does but in a better way.

A group of 30 developers participated in the creation of a crypto platform that is actually able to deal with smart contracts at an enterprise level usage, which means it was built to be scalable. The same way, the company decided to collaborate with the Input Output Hong Kong (IOHK) which is in charge of designing, developing, and maintaining the Cardano platform until 2020.

Finally, one of the most desirable features that Cardano built was the creation of two different layers that interact with each operation. This way, data, and transactions function separately from the other, on the one hand, the transaction part works under the Cardano Settlement Layer (CSL), and on the other, the data part functions with the Cardano Control Layer (CCL).

Three main disadvantages of Cardano

As the official webpage of the crypto establishes, Cardanois the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach”, and this, although represents a groundbreaking concept it, at the same time, is an antonym of what the crypto community actually seeks. In fact, this approach can be interpreted in a way as a form of going back to the roots of the “old world” where information didn’t move freely, and people were not that much into self-learning.

Cardano has characterized for being one of the cryptos in the market that has grown incredibly fast, and this is something that mainly responds to the way the market moves with several developments and different coins that appear every day. But as it seems, this is actually a curse and a blessing for the currency at the same time, because in the measure that Cardano tends to grow so do others in the market, among which probably we’ll have a ‘Cardano killer.’

To conclude, another disadvantage that Cardano (ADA) has is that the crypto is aiming to approach two of the most opposite targets of the industry, privacy, and regulations.

For the one part, Cardano is trying to move head to head with regulators in order to be somehow a ‘safe coin’, and on the other, the coin also wants to provide an entirely private and anonymous space for users to trade, and we can all agree that besides being an ambitious goal, it is improbable one.

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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

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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