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



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.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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