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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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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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