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Cardano (ADA): The story so far

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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

Altcoins

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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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