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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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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…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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