We are all experiencing the hype of the market upturn (yeah, the last 24-hours haven’t been that good again, but neither not that bad), and that’s precisely the reason why we are starting to look for options that may represent the best acquisition in terms of profitability.
In this sense, one of the crucial facts to consider to bet for the right candidate is the network or blockchain platform behind the asset, and it worths to mention that the stronger the platform, the higher the chances of ruling the market at some point.
With relation to this, one the best examples of the above mentioned is Ethereum (ETH), the second largest cryptocurrency of the market, or as it is called often in the sector, the silver of the crypto world. Ethereum has become the preferred platform for the launch of ICOs and smart contracts, and this has represented a great opportunity for the token in terms of adoption.
However, does the Ethereum platform has something to improve? Sure it does! And that’s precisely what Cardano (ADA) is aiming to attack. Most of the problems of the blockchain platforms center on scalability, interoperability, and sustainability, and that’s mainly what Cardano (ADA) has envisioned from the beginning.
Charles Hoskinson, the CEO of the crypto has carefully designed a platform full of research that aims to be a great option for holding smart contracts, dApps, and ICOs, but also, the solution for some of the most outstanding issues of the second generation of cryptos.
To say the least, Cardano is eager to transform the sector with strategies never deployed before. In fact, Hoskinson is also envisioning to develop a solution for communications between crypto networks and external financial institutions such as bank entities.
With respect to this, it is well known that because of the crypto nature, all of the tokens are decentralized and private, and this has represented a serious issue for many entrepreneurs that over the last two years have been having problems with bank institutions that require an explanation of their ICO funding.
As a response to this, Hoskinson is working as well in the creation of a network that allows both financial worlds to carry communications fluidly without interfering with the essence of the sector.
Furthermore, Cardano plans as well to explore new markets such as Africa, and Central and South America.
In fact, the crypto is willing to displace M-Pesa as the preferred payment platform of the African region. M-Pesa is a mobile application that was launched in 2007 in Africa to allow citizens to transfer money, ever since then it has been the preferred solution in this matter.
Without any doubts, Cardano (ADA) is a game player, and we can all be sure that Hoskinson will work tirelessly in the seek of the best solutions for all of the issues that the crypto world faces now. At the moment of writing, Cardano (ADA) places number 9th in the charts, with a price per token of $0.104. Would it climb any soon? Not just one or two but multiple things hint so, stay tuned.
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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 Jehyun Sung on Unsplash
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Can Libra help the crypto industry to reach new heights?
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.
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