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Cardano Paving The Way For Blockchain In Agritech

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By the end of 2018, Cardona will most likely be one of the few Blockchain startups in the agritech sector courtesy of a recently signed MOU between Cardano’s parent company (IOHK) and the Ethiopian government.

Reports about the newly signed agreement were first reported on Cointelegraph in a matter of hours right after a tweet from the CEO and founder of Cardona Charles Hoskinson was published:

Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry

—– Charles Hoskinson

In his tweet, Hoskinson verified the announcement much to the amazement of the Cardano community with some followers even requesting the CEO to work towards developing a similar Blockchain venture with Ethiopia’s neighboring country Kenya.

What the partnership entails

The move to partner with the Ethiopian government will result in the Ethiopian Ministry of science and technology working together with Cardano’s African Operations Department (led by John O’Connor) towards the realization of an agritech platform on Cardano’s Blockchain. If the reports are anything to go by, plans for the platform’s development are set to be complete by the end of the year.

The partnership will also include training of Ethiopian developers on the utility of Blockchain technology, a move that was commended by the Cardano community on Twitter as a move in the right direction not only for Cardano and the Blockchain revolution but also for Ethiopia as a country.

Cardona making big leaps

With Cardano realizing a growth of over 200 percent since its beginning in September last year, the move to partner with Ethiopia comes at the most opportune time considering a recent move by Binance (a leading crypto exchange) to partner with Crypto Savannah (Uganda’s leading Blockchain organization) in order to facilitate East Africa’s economic support and development.

Furthermore, Cardano has established its position in the market with a top ten ranking position since its launch not to mention a market capital around the 9 billion mark according to CoinMarketCap. Apart from the fact that Cardano operates on its own Blockchain (unlike most cryptocurrency startups that are forked from Bitcoin or based on Ethereum’s Blockchain) Cardano also utilizes a proof of stake protocol that proves to be more efficient than a proof of work approach.

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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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Altcoins

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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