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How Cardano plans to dominate global industries with Blockchain technology

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Cardano
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It has only been a couple of months since the launch of Cardano yet this distributed computing platform has a lot more to show in terms of platform developments, partnerships, and leadership than most of the top coins. Granted, the heavy hitters on CoinMarketCap boast of high trading volume with almost double the market capitalization that Cardano’s ADA possesses. However, Cardano’s future looks way brighter considering the moves that IOHK is making to advance the project.

What you should know about Cardano

To the uninitiated, Cardano’s development is backed by a total of three organizations. The Cardano foundation which is an independent Switzerland based organization built to support the Cardano community, while streamlining regulatory and commercial issues. The next organization is IOHK. This is a research and development entity that specifically focuses on cryptocurrencies and is currently under a contract to develop the Cardano Blockchain up until 2020. Additionally, Cardano is also supported by Emurgo. This here is a venture capitalist firm that supports entities built on top of Cardano’s Blockchain.

Cardano’s partnerships in Africa

After a signed MOU between the Ethiopian government and IOHK last month, it has become evident that the vision for Cardano, according to Charles Hoskinson (CEO at IOHK), is to “drive financial inclusion on the continent”.

Furthermore, the Cardano foundation recently posted on Twitter indicating that it believes in a vision for Blockchain in Africa. To this regard, IOHK is currently helping accelerate the adoption of Blockchain technology by training and hiring local programmers and software developers in a bid to develop Blockchain solutions for a variety of industries.

In Ethiopia alone, about 100 programmers have already been added to the program to assist Ethiopia’s ministry of science and technology to achieve long-term deployment of Blockchain technology in various industries including agriculture. The same program has been replicated in Barbados where about 70% of trained Haskell programmers will get a chance to work with IOHK and build the future of Cardano. IOHK has also ventured in Rwanda where Cardano’s Blockchain is being implemented towards the realization of a trustless and incorruptible land registry system built on Blockchain technology.

Testnets and the backing of quality leadership

IOHK has also been at work in the past few weeks, launching testnets such as the KEVM testnet that will establish a first of its kind smart contracts based on Ethereum’s Virtual Machine (EVM). In addition, IOHK is also building bridges with other cryptocurrencies such as ZenCash to build the next level privacy-centric cryptocurrencies.

With these and more developments, it’s easy to see that Cardano is one of the smartest projects in the crypto space. The project is backed by a large team of expert academics and doctorates, and it’s led by Hoskinson who is a competent Blockchain expert. Furthermore, the fact that Hoskinson was also a co-founder at Ethereum with Vitalik Buterin means he brings a lot of experience to the table. Who knows? Cardano might just outperform its peers eventually.

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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

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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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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