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Cardano venturing into new territories with VR enabled Blockchain education

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Cardano
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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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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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