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Here is how Cardano (ADA) can outclass Ethereum

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Cardano Ethereum

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.

Image courtesy of Maxpixel.net

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

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Altcoins

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

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Aluna.Social

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?

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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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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.

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Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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