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Here is how Cardano (ADA) can outclass Ethereum - Global Coin Report
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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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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Ripple
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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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