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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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