There is no denying that we are living in a fast-paced world of technological advancements. For instance, Virtual Reality has come a long way and currently, there are all sorts of VR experiments going on in the education space where the technology is being used to explore and study virtual concepts as tangible objects. In fact, the Cardano team is already at work in this sector.
Cardano is making bold moves into these uncharted territories with a bid to create the first of its kind 3-D environment that will enable users to navigate and explore tangible concepts of Blockchain technology. Granted, the world has already had a fair introduction to Blockchain technology with the advent of Bitcoin, however, this new project is set to allow people to understand specific details.
The Symphony of Blockchain project
If word from IOHK is anything to go by, the complexity of both Blockchain and the current state of VR makes up a perfect combination for a space that is ripe for disruption. Charles Hoskinson, the CEO at IOHK, mentioned that
IOHK has a commitment to both education and design
He also added that the move to use VR to educate people on Blockchain technology is “beautiful as much as it is functional and our hope is that it will help make Blockchain truly understandable for a whole new audience”.
The plan by IOHK (the organization backing the Cardano project) is to give the world a top gift that will enable visual and understanding of Blockchain technology using captivating VR technology. People will be able to interact with the hidden concepts that make up Blockchain technology in an entertaining and easily digestible manner.
After all, IOHK is already enabled with interactive and imagery text features that allow visitors to its website to dig deep into understanding what Bitcoin is with clickable Bitcoin blocks and music that deliver detailed information and understanding.
Taking Blockchain understanding further
IOHK is working closely with a creative studio based in the UK in a project termed the Symphony of Blockchain, to create a web-based experience that will be a combination of an auditory as well as visually interactive experience that allows people to explore the concept of cryptocurrencies and Blockchain technology.
According to the projects team leader, the journey so far has been fascinating as the team has had the opportunity to “learn a lot about this underlying technology and sort of finding it a metaphor in which we can use this as a means for people to compare different cryptocurrencies”.
He also added that the team behind the project is poised to make the experience a once in a lifetime event that will eventually educate users and give them the tools they need to adequately compare cryptocurrencies such as Bitcoin, Cardano, IOTA and the likes. Users will also be able to understand the concept of forks and even go back to specific dates when the forks happened and get complete details in a fun and entertaining manner.
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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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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