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Cardano (ADA) is determined to beat Ethereum in the smart contract game

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Smart contracts are Ethereum’s beef. It’s smart contracts that drive ETH and not the other way around. They’re versatile, safe, and they are why Ethereum became such a significant player in the cryptosphere. It was a pioneering technology at the beginning and, even now, Ethereum’s smart contracts remain the standard as they had little significant competition over the last few years. It seems that could change soon.

Cardano is a relatively new blockchain project founded by one of Ethereum’s cofounders, no less, with the idea to bring rigorous scientific principles and peer-reviewed research into the cryptosphere. 

It’s already considered one of the most promising coins to keep track of in the near future and it has a proprietary smart contract platform that could become Ethereum’s worst nightmare. 

Cardano has released a host of use cases for Marlow, which is its very own programming language aimed to create and execute smart financial contracts using Cardano’s blockchain and network. 

There’s an excellent case for Marlow entering the financial services sector and becoming a killer app which, in turn, would be a threat to Ethereum’s dominance and could even render current Escrow transactions and services into things of the past.

And that was the point all along. Marlow was designed precisely to get Escrow’s business and create a niche for itself in the global financial environment. IOHK (which is the foundation behind Cardano) released a new report, a few days ago, that explains how Marlow’s functionality can be integrated and made to interact with other languages and platforms in a way that every smart contract is efficient, quick, and reliable.

Charles Hoskinson, Cardano’s founder, is becoming noisy

When Cardano went live, around a year ago, it failed to capture the cryosphere’s attention. It was all the opposite; it created skepticism as very few believed it could bring anything to the table. But Cardano‘s team commitment to the project and hard work has been proving its worth. 

It’s already the ninth coin by market capitalization. Charles Hoskinson, the project’s founder, has been leaking some of Cardano’s ongoing projects (somehow in the style of Justin Sun) to bolster Cardano’s position in the top ten and to increase the brand’s momentum.

Mr. Hoskinson aims to make Cardano the leader in third-generation blockchain technology. He’s claimed to be developing many “secret projects” in that will become part of Cardano’s family and platforms, most notably, Icarus and Yoroi.

Icarus is a “fully open-source code base.” It’s supposed to bring about a new era in open source software by developing “a range of open-source initiatives” that combine the power of open-source development and third-generation blockchain technology. 

It will offer an arsenal of new weapons for developers to use in the Cardano environment. This should be a wake-up call for Ethereum. Complaints about Ethereum’s lack of scalability, slow speeds, and gas prices have become frequent, and it could prompt many organizations and blockchain-based developers, to migrate their technologies to one of Ethereum’s new rivals, such as Cardano.

Then there’s Yoroi. It is one of Cardano’s most recent projects, part of the, more extensive, Emurgo project). It was disclosed a few days ago, and it will be a light client wallet that is already being hailed as the new game-changer. It will run over Cardano’s network. It’s supposed to be incredibly fast and easy to use, and very secure.

How’s that helped with Cardano’s price?

It hasn’t. But it could.

Most coins have gone seriously down since last December, and Cardano is not the exception. But this very young project has managed to survive the hostile conditions we’ve seen all year long and become a stable altcoin that has, nevertheless, grown. So its current difficulties with price should be judged in the whole market’s context and not as Cardano’s fail.

Cardano’s stability as a coin as well as the excellent reputation it has achieved so quickly has many forecasters very optimistic about the coin’s prospects, and some expect them to reach $10 by next year. 

Besides, they’ve been able to secure some critical strategic partnerships like Metaps Plus, the giant mobile provider from South Korea. Because of the enormous relevance South Korea holds in the world’s cryptosphere, it’s expected that when this partnership blooms in full, it’s going to turn Cardano’s ADA cryptocurrency into a legitimate big player.

Mr. Hoskinson has been quite aggressive about other blockchain projects. He didn’t doubt to say that Bitcoin is supposed to be “a payment system and a means of exchange” that fails miserably just as soon as users try to use it. 

He wasn’t much kinder about Ethereum. He stated that while Ethereum “claims to be a world computer” it can still be broken by “CryptoKitties.” This kind of disdain is not so rare in the cryptosphere. But it remains to be seen if Cardano and Mr. Hoskinson can really back it up with massive adoption and technological successes. But if they do, their confidence will be rewarded.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pablo Rebolledo on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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