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

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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!

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

Photo by Ashley Knedler on Unsplash

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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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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