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

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Cardano ADA
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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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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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