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Cardano CEO Charles Hoskinson Shares Thoughts on Hyperledger Relationship

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Charles Hoskinson, who is the CEO and founder of IOHK, as well as the leader of a team behind Cardano (ADA) cryptocurrency, recently held an AMA session in Toronto. The AMA took place on October 17th, and numerous investors and crypto enthusiasts used the opportunity to ask various questions.

Cardano’s possible collaboration with Hyperledger

The event covered quite a few subjects, from IOHK split with Cardano Foundation, over ADA markets, to Hoskinson’s thoughts about cooperation with Hyperledger. Additionally, participants also wanted to know what Hyperledger projects can Cardano contribute to in the future.

Hoskinson answered this by praising Hyperledger, and stating that there are a lot of great projects currently in development. He especially named two of them — Fabric and Sawtooth. He also mentioned Cardano’s team already being well-acquainted with the team behind Fabric, but not as much when it comes to Sawtooth.

Furthermore, Hoskinson praised Fabric project’s leader, Christian Cash. Cash is also leading IACR and, according to Hoskinson, is an excellent guy to have dinner with. Additionally, Hoskinson praised him for being one of the most prominent experts in distributed systems in the world. Following this, Hoskinson also addressed Cash’s project, stating that it is well-thought and well-constructed, as well as persuasive for permission ledgers.

He even stated that Hyperledger’s team seems to be interested in collaborating with Cardano, to an extent. In case that such collaboration does come to pass, Hoskinson mentioned several ideas. These include a new, Enterprise version of Ouroboros, but also another version of Ouroboros which would have probabilistic finality, and several others.

What lies in Cardano’s future?

Hoskinson then talked about the new upcoming developments for Cardano’s ecosystem. Earlier, he announced the release of multiple videos regarding the Shelly project. This time, however, he also announced that Cardano’s new update, version 1.4 is currently ahead of schedule. Thanks to this, it will soon enter a testing stage.

A similar announcement came recently from IOHK, claiming that Daedalus 0.11.1 and Cardano 1.3.1 can be expected soon.

The community seems to have been pleased with these answers, with many of them being convinced that ADA will dominate the world someday. Others have praised Hoskinson for being open and willing to answer their questions.

At the moment, Cardano seems to be doing rather well. Numerous new updates are on their way, while ADA itself still holds the rank of 9th largest coin by market cap. At the time of writing, its price is at $0.0757 per coin, albeit with a slight drop of 1.10% in the last 24 hours.

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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.

Image courtesy of Geralt/Pixabay

Altcoins

Is there a Real Value to Binance Coin (BNB)?

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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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