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Cardano big bag of tricks Capable of Obliterating every other Blockchain

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Cardano
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There is no denying that Cardano Blockchain is based on an extremely unique concept. In fact, market analysts in the cryptocurrency space indicate that the ADA coin might very well surpass big time cryptocurrencies such as Bitcoin and Ethereum. But, could this be a fact or is it just another FUD that will cool down with time?

Well, a closer look at statements from Cardano’s founders on the project’s roadmap and future trajectory might prove the coin to be a contender. After all, the project has barely been around for a year and the possibilities for ADA to dominate the crypto space become clearer with every partnership and technological development.

Cardano going for the top spot

Granted, the Ethereum’s and Bitcoins of the crypto space are currently only popular for their sizeable market capitalization, however, there is less to show even for Bitcoin when it comes to real value. Charles Hoskinson puts it much clearer in a statement from an interview where he mentions that although “Bitcoin is advertised as a payment system and a means of Exchange” everyone who tries to use it ends up failing as the technology is still underdeveloped for real-world use cases and simply doesn’t work. In the case of Ethereum, Hoskinson believes that although “Ethereum claims to be a world computer,” the fact that it can be broken by Crypto kitties makes it a popular platform that lacks in practicality.

So if Cardano plans to take the crown and be the top cryptocurrency and Blockchain platform in the industry, it, therefore, goes without saying that the ADA Blockchain must be oozing with technological developments that are capable of making it stand in terms of utility? Right? Well, let us take a look at some of Cardano’s most innovative technological developments and partnerships that will propel it to the top spot.

Cardano’s Blockchain and Future advancement

Cardano is obviously paving the way for world dominance with a 50-year plan that stretches beyond the confines of the developed world and straight into untouched markets like in Africa as seen with a recent partnership with Ethiopia and even the Caribbean and South America. With the Ouroborous proof of stake protocol, not to mention a peer review concept, ADA’s Blockchain network is venturing into untouched territories. In fact, the technology behind Cardano is written in Haskell as on an open source platform that is fully decentralized making the platform secure, scalable and accessible to everyone.

In addition, Cardano is also the only cryptocurrency and Blockchain project based on scientific philosophy with a research-driven approach that is driven by a large global collective of engineers and research experts. This means that the platform can scale faster than its competitors that are only governed and controlled by a vulnerable proof of work concept.

In addition, Cardano has been working on new partnerships set to elevate its use and integration into various payment platforms, a good example is a partnership with Metaps Plus through EMURGO (a Japan-based VC firm).

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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DEXes
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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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