Connect with us

Blogs

Google (NYSE: GOOGL) to partner up with Cardano (ADA) soon?

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

Cardano (ADA) is a blockchain technology that was founded by Charles Hoskinson. After inviting Justin Sun, CEO of Tron (TRX), to design the most exceptional blockchain tech in the world, there seem not be a stopping point for Hoskinson as he went to meet Google in London for possible partnership talks to foster cryptos and blockchain technology.

Cardano (ADA) potential partnership with Google

The meeting hosted Hoskinson and his IOHK team; it gave Google teams all over the globe the chance to put up questions about Cardano through conference calls.

It is important to know that IOHK is the company in charge of the coding aspect of Cardano platform and the company was invited by Google’s London office to give answers to the queries concerning the crypto’s next-generation protocols and also to explain the plan to outdo Ethereum. The details of the meeting will be made known for every enthusiast of Cardano (ADA) soon, according to Hoskinson.

Regarding Cardano meeting with Google, Hoskinson started with an introduction of what Cardano is, and how it functions. He further went ahead to explain the blockchain’s algorithm. Hoskinson, also the CEO of IOHK, further emphasized that the team is presently correcting the faults that their network has. As a result of the meeting in London, there may be a possible partnership between these two companies shortly.

Cardano is an open source blockchain technology that plans to solve the problem that most Ethereum users face which are, security, PoS consensus mechanism, and scalability. Cardano plans to give these solutions in a bid to outdo Ethereum through its algorithm called Ouroborus.

During the meeting, Hoskinson talked about Cardano’s and cryptocurrencies future, and a Crypto enthusiast raised a question on how Cardano plans to overtake Ethereum – Hoskinson answered by saying this:

“So many Java, C++ or Go developers are writing codes on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform. If you look at the top 10 languages, none of them works on the system, so, by definition, all those developers aren’t developing for the system, they have to go and learn new tools and new stuff. With Cardano, first off, we’re backed-compatible, 100%, we’re running an EVM.”

It is evident that the blockchain has developers at heart due to its compatibility with different programming languages. These programming languages can be used by developers to develop smart contracts and decentralized applications on the blockchain.

Cardano (ADA) plans ahead

Cardano’s network called KEVM testnet is active at the moment, but Google employees asked Hoskinson on the first stride they aim to achieve this year, and he answered by saying this:

“Our goal is to release the next major version of Cardano sometime this year, called Shelly. We are really working really hard towards that. It might slip, but the odds are that it won’t… In parallel, we are releasing testnets for smart contracts. The first one will be released at the end of the month, and this is done with something called KEVM.”

Finally, it is important to note that Google is a company that has banned cryptocurrency ads, but its interest in Cardano’s blockchain project is quite intriguing. We hope to see a possible partnership between these two companies very soon.

And, of course, Google asking Cardano questions about blockchain and cryptocurrencies in general, refers to the fact that the search giant might be weighing the water before jumping into the crypto-river.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pxhere.com

Altcoins

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

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite