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Why Cardano (ADA) Deserves Your Attention




Cardano, ADA, a currency among the top ten most promising coins, takes the 7th place on the global coin ranking list. Although Cardano is struggling for quite some time to break through the value of 0.30$ and above, ADA did pretty well on the market even when all other currencies plummeted. Let’s see what Cardano has been up to as well as get to the bottom of why this currency definitely deserves your attention.

A Few Words on Cardano

In case you forgot about Cardano, it represents a platform that much like Ethereum is operating with smart contracts. ADA is Cardano’s local token and it is used for processing fast and private transactions within Cardano blockchain network. The platform along with its developers is all about finding a balance between the user-end part of the network and regulations that have to exist in a small portion although the platform makes up for a decentralized technology.

Cardano developers understand the need for privacy their users and ADA holders are looking for in decentralized platforms, but they are also aware that there have to be some regulations present in the system so that every operation would run smoothly.

The platform is built to use a unique programming language, called Haskell. The dev team has decided to go for Haskell, precisely because this programming language has a pretty high bar of tolerance for faults in the system. That way, by implementing Haskell into the system of Cardano platform, the platform is made to be flexible.

When you are operating with blockchain and decentralized technology, having a flexible ecosystem is more than welcome, so using Haskell was a score. Flexibility in decentralized blockchain based systems is crucial for having a functional platform because users on the platform can overwhelm the system at the time as at any moment hundreds and thousands of transactions are being processed almost in real time on Cardano. Haskell works by tolerating mistakes that can appear in the long run as the system is constantly changing, allowing an easy way of resolving on board issues.

Cardano and the Interledger Transactions

Although Cardano platform is functioning pretty neatly with solid good technological capabilities, the head of ADA’s developmental team, Charles Hoskinson, is working on finding a way of enabling faster transactions on Cardano platform.

This can be achieved by implementing some changes to the platform, where it is planned for Cardano to have a scalable ecosystem with Interledger transactions. The main plan is to allow peer-to-peer operations within the system where data could be easily transferred at high speed, working in real time on processing data without the need to download that same data in order to gain the access to it.

To achieve this ability, the developers would have to split Cardano platform into smaller sections, which should be made possible with RINA protocol, which is Recursive InterNetwork Architecture.

The Interledger Transactions would thus be small portions of Cardano network that are working on processing data promptly and in real time by using side-chains as a way of establishing easy communication between the portions of the network, i.e. sub-networks.

Cardano is currently working on a Test Net that was launched in order for the dev team to make sure that once the real deal (a genuine Cardano platform) gets released that it would be working flawlessly.

The platform is using a tool called Block Explores which allows users to trace all transactions being processed on Cardano blockchain network. This tool should be further improved with added charts, statistics and other handy features all ADA users will be able to take advantage of.

How Cardano (ADA) Became Money

In case you didn’t know, ADA, Cardano’s main currency has just become money. This is a huge deal for Cardano as many cryptocurrencies are struggling on the market, mostly with getting accepted by vendors and different shop spots.

While everyone is busy observing how ADA is dropping down in its price for days now, some good things are happening behind the curtains. ADA was added to the Centra wallet. Centra wallets also include being accepted with Centra card, which means that ADA can now be spent as real money. This is an amazing new chapter for ADA as this positive occasion can affect this currency, in the long run, eventually boosting its price.

Centra cards are accepted across the globe on 38 million different locations, which means that ADA now has 38 million opportunities to be used as a real value in global proportions.

This can even lead to having more serious investors getting interested in ADA and Cardano, so it can be easily expected to see this coin jumping up in price in the time to come.

Cardano (ADA): Price

Cardano had its ups and downs in the last couple of weeks, even making it through the harshest times on the crypto market. When all major currencies were dropping low, Cardano remained immune to the vulnerable market and continued with trading in the green.

However, Cardano then started to drop in price as well, which continues to the very time of this writing. On March 7th, 2018, ADA is being traded at 0.2459$ per one unit, which is the result of the latest negative change in the price. Cardano dropped by -14.86% against the dollar in the period of 24 hours. Needless to say, this was a pretty devastating case for all ADA holders.

However, given the fact that Cardano makes up for a technologically strong blockchain project, this platform and its currency are here to stay. The dev team will be working on further improvements while testing the limits of their Test Net before launching the real deal.

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up below!

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 Adityo Sastrimuljono via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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