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Here is how Cardano (ADA) can outclass Ethereum

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Cardano Ethereum
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As the second most significant virtual currency in the market, Ethereum is a leading platform for ICOs and decentralized apps (dApps). But in recent times, Cardano has been making headways, threatening to take over the top position in the cryptocurrency ladder. But does Cardano (ADA) have any advantages over Ethereum? What makes Cardano special? Can it overthrow Ethereum anytime soon? Let’s find that all in this post.

The science behind Cardano

Like Ethereum, Cardano is a smart contract network that uses a layered architecture to focus on security. Cardano boasts to be the first blockchain project to be built on peer-reviewed hypothetical research and developed from a logical philosophy.

Cardano is used for sending and receiving virtual coinage and is home to the Ada virtual currency. This digital currency speaks to the fate of physical money, influencing plausible swift and easy to coordinate exchanges that are secure using cryptography.

Cardano (ADA) is more than a virtual currency; it is an innovative platform that is good for running monetary apps in the current world that’s utilized by individuals, associations, and governments all around the world every day.

Cardano was founded by the co-founder of Ethereum, Charles Hoskinson to provide a more balanced and sustainable environment for virtual currencies. According to their webpage, ADA is the only digital token that has a research-driven approach, meaning Cardano is the only open-source blockchain that undergoes a severe peer-review process by programmers and scientists in academia.

Advantages Cardano (ADA) has over Ethereum

There is no argument on Cardano’s digital currency, ADA, can bring about significant improvements in the cryptocurrency sphere. However, Ethereum, one of the most popular currencies in the crypto ecosystem, is standing on the way of Cardano reaching its goal.

Some of the advantages Cardano has over Ethereum includes Ada’s Salient Attributes. These attributes consist of:

Cardano’s two-layer network system: Cardano as a blockchain, comes with the two-layer system namely the Cardano Computer layer (CCL) and Cardano Settlement layer (CSL). The importance of these important layers is that they allow the platform to present a means through which changes can be made on the blockchain without the need for a fork as it is the norm with Ethereum and Bitcoin.

Security: Cardano operates on a proof-of-stake algorithm known as the Ourobus protocol that attributes better blockchain security in comparison to the protocol Ethereum uses. Additionally, Cardano is developed by a more secure programming language known as Haskel.

The Cardano (ADA) wallet: Cardano uses the crypto celebrated Daedalus wallet that offers secure storage for investors digital tokens and also offers friendly support that allows cross chain wallet settlements that incorporates Debit cards among other developments in their operations.

How will Cardano overthrow Ethereum?

Cardano’s Founder, Hoskinson, has had a relevant historical background and association with Ethereum being one of the original members who founded the powerful digital coin. With his knowledge on Ethereum’s blockchain operability, he went ahead to develop Ada to be more superior and effective than its nemesis.

During a Q/A session hosted by Google in London, Cardano’s founder presented a straightforward introduction and functionality of the 8th biggest crypto explaining its Ouroboros algorithm. IOHK’s media release after the session might not have mentioned any partnership’s in the offing, but analysts are reading more through the lines and are predicting Google’s partnership with Cardano (ADA) to replace Ethereum as the preferred smart contracts system provider.

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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

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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