Connect with us

Blogs

How Cardano plans to dominate global industries with Blockchain technology

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite