Connect with us

Altcoins

Cardano (ADA) might lead the new era of the crypto world

Published

on

Cardano ADA

There are many things hinting towards Cardano (ADA) becoming the leader of new crypto era ahead; we’ll focus as to ‘why we believe so’ here in this post. So, we all know how important it is to make the right decisions when it comes to acquiring a certain crypto, and of course, by ‘right decision’ we mean to choose the coin that offers the more profitability, as well as the best characteristics in order to resolve any of the issues that exist now in the sector.

In this sense, the typical concern is ‘what crypto should I invest in?’, a thought that is in our heads constantly whether we are investors or enthusiasts and things get even harder once the market starts showing some bullish moves such as the ones that we could see till yesterday in the cryptosphere.

It is because of this that now many crypto users are thinking of what would be the best decision to make in the following days, and for that, we may have the answer. Stay with us, and let’s discover why Cardano (ADA) is the coin that may lead the new era of second-generation cryptos!

What Cardano has to offer

Cardano (ADA) is a coin that was introduced to the market by no one else than Charles Hoskinson, a businessman who happens to be as well the co-founder of Ethereum and the founder of IOHK (the firm behind Cardano).

Hoskinson designed Cardano (ADA) to be the next-in-line crypto and the main competitor of Ethereum; and logically, he has made sure to deploy the greatest updates to resolve the issues that the Ethereum network has not resolved so far.

It is well known that Ethereum has managed to be the second crypto in the market by becoming the preferred platform for smart contracts and ICOs to be launched. However, there are several issues in which the existing platforms still are not that skilled, and that is precisely the moment when Cardano enters in the picture to become the solution for the Ethereum and cryptocurrencies problems in general. Some of the main deficiencies are:

  • Safety: Most cryptocurrencies struggle with safety problems with the information they manage. In this sense, Cardano offers a layered architecture that guarantees the security of Smart contracts in the platform. This basically means that as the platform is divided into layers, one process is deployed completely independent from another, which as a result, makes information handling a not-shareable thing.
  • Communication: Communication between networks is always a complicated thing, especially, because there’s not a way to confirm where specific funds are coming from. And this has been precisely a significant problem when someone aims to create a start-up in the form of an ICO because it would be mandatory to inform the bank of the origins of the funds, which in essence, it’s just against crypto nature. Cardano aims to solve this issue by providing a space in which communication would not be a problem.

Also, Cardano aims to attack new markets. For instance, Africa, South America, and Central Asia, which are places somehow unexplored by the crypto sector.

In fact, Cardano (ADA) launched the M-Pesa’s payment system back in 2007 in Africa, a moment that was crucial for the region as mobile phones have a boom in the industry, and through M-Pesa African citizens can easily deploy payments through their phones to several places around the world.

Conclusion

Cardano (ADA) is one of the cryptos in the market that studies the conditions of the sector the most to provide accurate solutions. It won’t be a surprise if the token manages to lead the second generation of cryptos in just a matter of months. So stay tuned, great things are coming with this crypto!

For the latest cryptocurrency news, join our Telegram!

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Ashley Knedler on Unsplash

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

Published

on

Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

Continue Reading

Press Release