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

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Cardano ADA
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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

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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