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Cardano (ADA) to Make a Fresh Comeback with Two Testnets

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Cardano

With major cryptocurrencies like Bitcoin turning to red, it has been a big year for the altcoins so far. This year saw some excellent performances from the lesser-known currencies. At any rate, Cardano (ADA) features, among the big gainers in the market. Traders who are attuned to the news of this currency must be aware how the coin has heightened traders’ interest with some exciting developments. In this fast-paced volatile market, it’s becoming increasingly difficult to sustain a consistent performance.

Faced with fierce competition, almost all the top performing coins are introducing new updates to level up their game, and Cardano is no exception.  A little insight into its latest technical updates will reveal how this cryptocurrency is all set to overthrow its competitors with some powerful system updates. From wallet update to networking updates, Cardano has geared up to embrace the crypto rally. Speaking of the technical updates, the coin is planning to make a fresh comeback with new Testnets after the successful implementation of the recent upgrades.

The New Testnets and Project Goguen

The growing interest in Cardano can be associated with its competent development team (10HK), which has introduced some impressive updates in the last few weeks.  The developers at 10HK have done an amazing job so far and promise to deliver some powerful upgrades in the coming days. Among the up-and-coming technical updates, mention must be made of the two new Testnets, which are scheduled to release in the coming months.  While the first Testnet of Cardano, or the K-EVM, would be operational on May 28, the second Testnet, or the IELE VM Testnet would be launched in the third quarter. As per the records, both of these Testnets will be deployed to boost Cardano’sGoguen project.

Discernibly, the Goguen project is one of the two major projects of the 10HK developing body. As evident from the project manager Gerrard Moroney’s comments on the YouTube video, the project strives to offer smart contract facilities for the blockchain. The project, which will be functional following the launch of the Testnets, is going to deliver side chains, enabling users to transfer their digital assets between two blockchains without any intervention from a third party. As an open source decentralized system, Goguen will allow its cryptocurrency enthusiasts to hold several cryptocurrencies in a single ledger.

The 10HK Team: The Talisman for Cardano’s (ADA) Upturn

In the highly competitive world of cryptocurrency, the success of any blockchain is largely determined by the performance of the development team. Equipped with an efficacious team of developers, Cardano is widely appreciated for its highly efficient security protocols. The 10HK team, which constitutes some leading minds associated with the industry, has proved its mettle a number of times and is the catalyst for Cardano’s recent upsurge. Cardano’s 10HK team is set to impress users with its new release, the Ouroboros Genesis. As you can guess from the name, Ouroboros is the algorithm which regulates Cardano. Like most of the algorithms available in the market, Ouroboros is based on proof-of-stake, which has a number of prominent advantages over proof-of-work. Although security breaches are not entirely unheard of, the algorithm has been widely acknowledged for scalability. Going forward, the announcement from the development, which came as a surprise for many, anticipates making Cardano one of the most scalable investment options.

Cardano’s Performance in the Market

Going by the price trends, Cardano (ADA) is one of the biggest gainers of the price upsurge.  April has seen some positive development in Cardano’s response; as per the records, the cryptocurrency has expanded by 200 percent. ADA, which was trading at $0.15 initially, is presently trading at $0.355641. Cardano, the 6th largest currency by market capitalization, has a market capitalization of $9,220,729,293 as of April 30, 2018.

The recent technical developments, which have boosted its position in the market, have widened the gap between Litecoin (LTC) and Cardano (ADA).  Apparently, Cardano’s market capitalization outpaces Litecoin’s with approximately $500 million. Cardano which has dropped 1.22% from its previous position is experiencing a temporary decline, but the announcement of further technical updates from the 10HK team indicates positive developments for the currency. Considering the growing interest in this altcoin, this promising altcoin is all set to make a powerful comeback in the market.

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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Tim via Flickr

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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