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

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Cardano
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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.

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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.

Image courtesy of Pxhere.com

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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