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Charles Hoskinson Returns with Big Cardano (ADA) News

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Cardano
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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