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Cardano (ADA) – Why You should Buy it Straight Away

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Cardano
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Cardano (ADA) has been attracting a lot of attention lately, which has caused a lot of people to dig deeper into this crypto and find out more. This especially goes for investors, and many believe that they have discovered a real gold mine in the making. ADA certainly seems to have a lot of potential, so let us see why.

Cardano uses its technology well

One of the first reasons why Cardano is becoming more and more popular revolves around its smart contract platform. The crypto is using Ouroboros, a proof-of-stake algorithm, which is one of its newest, and probably best editions. It would seem that Cardano’s developers are pretty confident about this algorithm, and they believe that it can easily handle pretty much any threat to the blockchain.

Apart from defending it, the algorithm also allows the development of side chains. That way, the users’ privacy will be ensured, as well as their security. Of course, the attacks are not the only threat to cryptocurrencies, and their systems often suffer from various bugs which can cause investors to suffer some serious losses.

Cardano has this covered as well, thanks to Haskell. Haskell is a language that the platform was built upon, and it adds a mathematical approach to writing codes. Basically, the codes are written with a lot more precision, which eliminates the danger of big, serious bugs that other cryptos might pose. This is something that ADA supporters like a lot and has inspired them to say that ADA might even be better than Ethereum (ETH).

Obviously, Cardano is taking issues like security, sustainability, scalability, and interoperability very seriously. It has its own methods of tackling each of these problems, and they seem to be working just fine. Things like storage and bandwidth are solved by the efficient use of the technology that the team behind Cardano has at its disposal, and the issues regarding the transactions are also covered by previously mentioned Ouroboros system.

Good use of wallets

ADA has solved the problems regarding sustainability by the use of an independent wallet called Treasury. It works by storing a small part of each transaction inside this wallet, and these funds are later used for financing various new projects and development plans. The best part is that the users themselves get the ability to vote on what needs to be changed, which is followed by the payment releases from Treasury.

Of course, we should not forget about Daedalus, which is a multi-platform wallet for Cardano. Users can use this wallet for storing coins, claiming rewards, or making payments. What makes this wallet different, and maybe even unique, is the extreme amount of security that was included in its creation. It might easily be one of the best, if not THE best wallets around at this point, and it can be exported to a cold storage wallet or even paper.

Even with all of these benefits already being a part of the wallet, the team has yet to finish improving it. Right now, there are plans to create apps for Android and iOS devices, as well as a store which will act as a host to dApps developed by the ADA community. The wallet will incorporate all of this into itself.

Cardano’s team is made up of academics and scientists

Of course, when you are considering whether or not to invest in something, you wish to know who is behind it, and if they can be trusted. This is yet another field which Cardano has covered, being the only project created by a team of scientists, engineers, and academics. This is definitely a team that knows what it is doing and has created a very stable and strong base for this crypto. Cardano simply doesn’t seem to overlook anything, and it sure looks like this crypto doesn’t have anywhere else to go but up.

Right now, its price is $0.25, but with all that is going on for this currency, its value might increase a lot in the following months. There are many more plans for the future of this cryptocurrency, and whoever owns it might benefit from them as well. Now is the right time to invest in ADA, while its value is low since many believe that it might grow up to be the ultimate crypto someday. Whether or not this will happen is remained to be seen, but the truth is that the crypto definitely has the potential to reach those heights.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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