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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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…

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KaratGold Proves Its Business Model By Providing Official Documents

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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…

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