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These latest strides show why Cardano (ADA) is so special

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It has been an interesting few days for cryptocurrencies as the crypto space celebrates the third birthday of Ethereum reflecting many milestones and success that have occurred in the crypto market since the inception of the initial smart contract blockchain.

Adoption and mainstream interest are increasing with each day that passes facilitating the market cap for the entire cryptocurrency industry to increase by over 5,900% with the number of virtual currencies in circulation meeting all-time high numbers. Initially, the mindset and perception of many were that Ethereum was going to be the only blockchain technology that was going to be able to foster mainstream adoption of blockchain technology. That was before Cardano (ADA) came into the picture.

Recently, Charles Hoskinson, Cardano’s (ADA) founder, came out unveiling some of the digital currency’s secret project before the expected day. While he was prematurely unveiling the secret project, Hoskinson introduced Icarus to the world, and yesterday he divulged Yoroi as the addition of Icarus. Cardano foundation has since come out clear to tell the whole world that the two projects have since been updated on Cardano’s (ADA) roadmap.

Many people do not have a single idea of what Icarus is or what it represents? According to Cardano’s official blog. Icarus is a google chrome extension and a locus implementation for application for a lightweight wallet that has been developed by IOHK. The Icarus idea is believed to have the potential to give developers and creators the vantage point of inventing their light and secure mobile wallets for the digital coin.

Icarus is a fully open source code base that will be the first step in a range of open source initiatives to provide developers with a suite of tools for Cardano.”

According to news from Cardano foundation, Icarus came about a series of proof of concepts that were incepted back in March, this year. A small group of developers and IOHK engineers were fascinated by the thought of creating a lightweight Cardano (ADA) wallet that had all the features of Daedalus but superior regarding easy to use and efficiency.

What is Yoroi?

Earlier last week, Cardano (ADA) launched its light-client wallet by the name Yuroi that was launched by Emurgo. Emurgo is an institution that facilitates and supports new Cardano (ADA) projects. The organization declared its interest in launching the foremost implementation of Icarus to the crypto community. Icarus is the first implementation Emurgo is working on to launch; it is a Yoroi wallet.

In the Japanese language, the meaning of Yoroi is great amour a significant name for the project that is taunted to be a secure armament like the one Samurais used to wear in times of battle.

Cardano (ADA) Market Presence

The last 48-hours has experienced a lot of activities in the cryptocurrency sphere as most digital assets have turned their color from red to green in chameleon fashion, and then to red again.

Currently ranked as the 8th most relevant crypto in the market according to market capitalization, Cardano (ADA) seems to be no different than others as it is trading in red alongside others. At the beginning of this month, Cardano’s market price stood at $0.14 after reaching an impressive $0.17 valuation at the end of last month, but now the coin stands at $0.09. The current price of Cardano has nothing to do with what it deserves, by no means, it rather is because the whole market is walking on the bloody-road as yet. Things might change soon.

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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 Pixabay

Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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