Connect with us

Blogs

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

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite