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Charles Hoskinson Returns with Big Cardano (ADA) News

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Cardano (ADA) founder, Charles Hoskinson, recently returned from his exile from social networks which followed after a minor controversy. His return, however, has also brought significant news regarding Cardano’s future development.

Charles Hoskinson’s recent return to Twitter was followed by a lot of excitement for Cardano supporters. Even more so when he decided to broadcast a live video update in which he announced that numerous updates are about to come. The updates in question include Cardano 1.3, 1.4, as well as Shelley update.

Cardano update 1.3

According to Hoskinson, Cardano 1.3 update is about to arrive today, August 8, or tomorrow, August 9. While he stated that no delays are expected, they are still possible due to the fact that percolating the update through the network can take around 12 hours.

He also talked about new update’s modifications, as well as those that will arrive in Daedalus. According to him, efficiency improvement is a large part of the changes, and there has also been a lot of refactoring to enhance the user experience. Memory usage has been reduced from 1.5 GB or 2.0 GB to around 150 MB or 200 MB, which represents a major 90% reduction.

As for the network refactoring, users can expect around 300%-large improvement when it comes to the time that the network needs in order to download a block. Together with other tweaks and changes, Hoskinson claims that the efficiency of Cardano (ADA) has become tremendously improved. He believes that the users will be more than satisfied with the changes and that the team is pretty satisfied with the quality that 1.3 will bring to Cardano.

Cardano update 1.4

After discussing 1.3, Hoskinson announced another update, which is Cardano 1.4. More than that, he even announced the new update’s date of arrival, which is to be September 4th. After that, the QA process will be started.

This is a very significant news for Cardano, especially since 1.4 updates will be the biggest one in Cardano’s history, with multiple big and important features that will come with it.

The update is also said to have a file system with 44 thousand files that will be used for storing the blockchain. This will be a massive improvement when compared to the previous number of 1.3 million necessary files. Code refactoring in this update will make it much easier to test and will bring even more quality to it than what 1.3 is about to bring.

Shelley Update

Finally, Hoskinson addressed Shelley. The update for it already received numerous specifications, and Hoskinson said that around 21 work units are dedicated to working on Shelley right now. He stated that work is linear and parallel, but that it likely won’t be finished before the month’s end.

He did not specify when Shelley is expected to roll out, but he did say that there were a lot of things that were holding the team up. However, a large part of the work has been finished, with the team already being very satisfied with it.

Cardano is definitely advancing to the next stage of its development, but one thing that a lot of people have noticed is that its price fails to reflect this progress. Similarly to the situation with TRON (TRX), Cardano has achieved a lot in a very short period, but it would seem that the current market is not ready to allow ADA to show this progress value-wise.

Still, it is expected that the change will come in due time, and Hoskinson and his team are not showing signs of disappointment or stopping.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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