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Cardano releases the KEVM Testnet In a move to advance project development

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Cardano
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Cardano has been on a roller coaster ride since its initial release only a few months ago and with a lot of ongoing projects lately. Just days ago, the much anticipated KEVM testnet was launched even as Cardano’s price faced tougher declines in the market losing about 27 percent of its value amidst a bear market.

Why are Testnets important?

Testnets provide a useful means for cryptocurrency projects to test future changes and developments to a Blockchain network. By allowing an environment for thorough testing of new network protocols, testnets allow programmers to strengthen the network and advance the project further.

The KEVM testnet is one among many of the testnets that Cardano hopes to put out as the year progresses. Cardano has categorized its testnets into two parts, one for future features and tech previews while some testnets for ongoing projects on the Cardano platform.

The KEVM testnet is an executable form of semantics that will see the creation of smart contracts. The launch of the KEVM was a first of its kind semantics of Ethereum’s EVM in a move by Cardano to build the third generation of Blockchain technology.

Cardano team educating the public on the project development

As usual, most ADA holders expected some positive results in terms of market price with the release of the testnet, however; IOHK’s CEO together with the Cardano team expressed excitement about the release and moved to publish their take on Twitter.

With the set launch of testnets, some of which are currently ongoing, several updates on the Cardano Blockchain have been implemented by the Cardano team which is a good sign of a project with a serious purpose set to accomplish and check all the boxes in its roadmap.

The big question, however, remains to be whether it’s a good time to buy ADA considering the market dip. Well, it depends on how you look at it. With the many partnerships and platform developments that Cardano has been up to lately, it’s easy to see that an uptake of ADA is on its way.

The Cardano foundation has also been touring the world partnering with global institutions and educating the public on how the proof of stake provably secure Ouroborous protocol works and also to update crypto enthusiasts on the developments with the project.

Building better smart contract languages

The development team at Cardano has been focused on mitigating the deficiencies that currently form a major part of smart contracts. Cardano builds its Virtual Machines on K framework’s formal semantics meaning the Cardano team plans to develop a new Haskell protocol that will deal with the issue of languages and virtual machines making it easy for developers to build their own smart contracts on Cardano’s Blockchain network. Furthermore, Cardano is releasing an upgrade to the ADA mainnet Blockchain network that will make it possible for developers to simultaneously run two mainnet tests on the same machine with zero interruptions.

With the successful launch of the KEVM testnet and more updates on its Daedalus 0.10 wallets, there is a new breath of hope in the Cardano community. For now, it’s a ‘wait and see’ approach as the Cardano team further advanced the platform.

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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

3 Coins Coinbase Will Adopt Next

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Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

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Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

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Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

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Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

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