Cardano (ADA): The story so far - Global Coin Report
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Cardano (ADA): The story so far

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Cardano ADA
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Ever since the inception of Bitcoin and Ethereum, other cryptocurrencies have been produced with new ideas to solve the problems associated with global finance. Without no doubt, one of the most important digital assets in the crypto verse is Cardano (ADA); and it is essential to know that its founder, Charles Hoskinson, is a well-renowned personality with a great vision.

A Deep Dive into Cardano (ADA)

Cardano (ADA) was created in 2015 by Charles Hoskinson, who is also the founder of IOHK. He was also the co-founder of Ethereum.

Cardano was created under the principles of science and blockchain. The blockchain protocol is quite new in the crypto market, but it is emerging as one of the best cryptocurrency today.

All these plans started way back in 2011 when Hoskinson initiated the idea of blockchain and cryptos. At that time, Bitcoin was the main cryptocurrency and its tool: PoW (Proof-of-Work), was the most used technique.

As a result of scalability problems and charges during the transaction, PoS (Proof-of-Stake) got introduced, and Hoskinson has made a vast improvement on PoS – creating a new advanced PoS mechanism with a consensus network called Ouroborus.

Subsequently, Cardano’s new consensus protocol, Ouroborus, was introduced to create a faster means for transactions with minimal costs. One thing worth noting is, Ouroborus consumes less energy, and it is efficient.

With this, Cardano (ADA) has been able to solve one of the main problems that Bitcoin and Ethereum have not been able to resolve, thus, making it one of the top 10 cryptocurrencies in the market today.

Furthermore, we do know that the main problems of cryptocurrencies are, scalability, interoperability, and sustainability. Cardano was created in a way that makes it distinct to solve those problems. The cryptocurrency is divided into architectural layers to offer top-notch security for smart contracts.

Cardano Reveals Uses of Marlowe

Cardano has recently revealed the uses of Marlowe – a DSL that aims to execute financial contracts. The Cardano team has stated that Marlowe DSL was created with executable small-step semantics. Indeed, this invention by Cardano is a big competitor to other cryptocurrencies that use smart contract.

Cardano Adds Great Features to Daedalus

Daedalus is regarded as one of the most beautiful cryptocurrency wallets in the world today; that is because it is one of the safest means, with powerful blockchain technology to store ADA tokens.

As part of its growth process, Cardano has decided to add more features to Daedalus. Although lots of more features are still expected to be added to it soon, Cardano team is always dedicated as it always creates new updates for its community.

For Cardano’s community, it is essential to know that new updates on the sync issues and balance overview have been released.

Cardano’s Virtual Machine, IELE

Cardano has caught the heart of lots of crypto enthusiasts, not only because it is faster and consumes less energy, but because of its IELE Virtual Machine that was launched in July. This virtual machine is efficient and offers excellent opportunities for Dapps developers.

Final Words

There is only one great aim Cardano has, and that is to solve problems that Bitcoin and Ethereum couldn’t answer. The cryptocurrency is also poised to become the next generation cryptocurrency. Consequently, Cardano is also collaborating with ten tertiary institutions to achieve its global aim.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Cole Patrick on Unsplash

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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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…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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