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Clash of virtual machines: Cardano (ADA) and Tron to skirmish in Q3 of 2018 - Global Coin Report
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Clash of virtual machines: Cardano (ADA) and Tron to skirmish in Q3 of 2018

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Cardano Tron
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Most of Tron’s followers and community members probably know that Tron (TRX) launched an upgraded version of its Virtual machine this week. A massive milestone for the Tron community, but what exactly is Tron Virtual Machine?

A Tron Virtual machine is a VM developed by Tron Foundation for the intention of making the Tron network bigger and better. On the other hand, a virtual machine is an application environment or an operating system that imitates a computer system or dedicated hardware.

For instance, a developer using a Windows personal computer needs a UNIX-based operating system to finish a project but cannot afford to buy a new or used UNIX-based computer. With a virtual machine, the developer will be able to create an environment where they can use other software’s and programs in different environments with their existing PC.

The Relevance of Virtual Machine in Blockchain Technology

VM’s are relevant and necessary in blockchain technologies as they are used to test and implement large-scale Decentralized Applications.

Developers have availed the opportunity to create smart contracts that are hosted by the Tron Virtual machine using friendly programming languages created in existing languages that they are familiar with, without necessarily learning new programming languages.

Cardano’s Virtual Machine

Following the precedence that was laid by Tron, Cardano (ADA) has made a milestone achievement this week by launching the testing version of their virtual machine IELE.

Cardano’s virtual machine, IELE, works on a unique programming language that was explicitly developed for creating digital contracts in a secure way on the Cardano protocol. According to an official press release by the IOHK team, the newly released VM is a representation of Cardano’s second test net version while representing the extension of the previously launched test net.

It is believed Cardano’s recent update will have a revolutionary impact on the entire financial infrastructure giving developers and creators the opportunity to utilize smart contract technology as part of the services being offered by Cardano.

In the world of blockchain technology, smart contract technology, at present, is a necessity contributing to the growth of the digital economy by facilitating the movement of any amount of money between two entities that have agreed on the same terms. All this excluding the involvement of third parties, contributing to the decentralization of the internet and financial processes while cost-cutting on time and money required for such activities.

Tron Virtual Machine

The Tron VM is designed to be well-matched with Ethereum’s Virtual Machine and its environment which enables Ethereum creators the leeway to compile and adjust their codes in a platform that facilitates smart contracts in Ethereum to be easily transferable to Tron.

Unlike other virtual machines that depend on gas, Tron VM uses bandwidth, offering free transaction and smart contract facilities on their platform. When it comes to flexibility, developers using TVM are more flexible when it comes to programming complex applications on the Tron platform considering they have less worry about the cost of doing certain tasks and transactions.

In summary, virtual machines incorporation in blockchain technology is widely applauded as a required technology that assists in offering solutions to the shortcomings that have been bedeviling other systems, hence attract a lot of developers. Something that is ultimately good for cryptocurrency and the entire blockchain ecosystem.

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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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over

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Kardiachain
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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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