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Charles Hoskinson Returns with Big Cardano (ADA) News - Global Coin Report
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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