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What makes Cardano (ADA) blockchain unique?

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Cardano
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Most blockchains that are open source love it when they develop so quickly due to the open source nature. However, this nature as well can work against them as it exposes them to frauds and scams copying their codes for similar product production.

Many coins available on the market have got their ways and methods of keeping their creativity and originality safe. As much as all of them have their ideas, Cardano (ADA) has always remained the unique blockchain among them all. In fact, right from its arrival in September 2017, it has been resistant to scams.

How come Cardano (ADA) is different?

The following are some of Cardano features that make it stand out from the rest, at the very best:

  1. The Haskell programming language

Mostly when people are used to something, whenever a change is anticipated or rather made, there have to be lots of questions. That is the same case with Cardano as recently similar to most of the community members, one (@roughcam) asked why Cardano was written in Haskell.

Basically, Haskell is a computer programming language using complex mathematical logic in coding — that then makes the language not same like the others. There are a lot of cryptographic codes that distribute protocols building Cardano, which need extreme degree fault tolerance structure.

With Haskell, quick lead times are guaranteed with shorter code lines and growing libraries which allow application development using the language.

  1. Governance by ADA holders

Indeed, the development process of the platform is essential for every blockchain. Most of them, however, have given all the development responsibility to a team of individuals only, which means the holder gets no opportunity in the development of the cryptocurrency.

This is a unique part when it comes to Cardano (ADA); as it lets the token holders take part in the governance of the blockchain. What it does is that it allows token holders propose any upgrades to the system to ADA library. Thereafter, the holders get to vote on the same proposed changes, and if many are for it, then the modification and updates are implemented.

Nevertheless, it is the case only when it comes to Cardano (ADA).

  1. Daedalus Wallet

The Daedalus wallet is a highly secure platform built by use of advanced cryptography to keep all your coins safe. However, recently Cardano released a beta version that is based on IOHK platform, and the Linux version will be released later.

Subsequently, Daedalus holds a stronger advantage against the other crypto wallets because of its ease of download as well as use. Also, the platform doesn’t contain private keys and offers an unlimited number of the wallets (yet another thing that many out there do not provide) for easy management of the funds.

Where does Cardano (ADA) stand as of now

There has been a positive growth for Cardano since the announcement of the addition of two trading pairs to it by Binance, one of the most influential and most prominent crypto exchange. The records have been high as it even touched a $0.3 mark before dropping again to $0.29 throughout the last weekend.

Last week, on Tuesday, it traded a volume of $730 million witnessing its highest for a day since January, and according to the market cap, Cardano ranks at position 7. Consequently, as it is clear from the points covered above, Cardano (ADA) is unique as compared to the rest (at least many) — and this unique nature of Cardano will not only protect the coin from frauds and scams but will more likely keep fueling its growth, too.

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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 Éole Wind via Flickr

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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