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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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