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Why you Should Buy Cardano (ADA) Right Now

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Cardano
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Since the beginning of the year, all cryptocurrencies have experienced a very significant drop in value. This was a significant development, and its effects are still being felt since none of them managed to even come close to the ‘glory days’. Still, this drop is not permanent, but the investors still have a hard time deciding where to put their money. Many believe that Cardano (ADA) may be the right choice, which is why we decided to explore this option and see what makes it so attractive.

Why is investing in Cardano (ADA) a good idea?

Let’s start by saying that Cardano has been attracting more and more popularity as of late, which has inspired many to find out more about the coin. What they have found during their research has definitely got them excited, and Cardano started gaining more and more supporters because of it.

Smart use of its technology

There are several reasons for this, and one of the biggest ones might just be the way Cardano uses the technologies that it has at its disposal. It is still important to remember that Cardano doesn’t have an official product to offer. It belongs to the third generation of cryptos, which forced it to find creative ways to deal with issues like sustainability, scalability, as well as interoperability.

It developed its own techniques to solve scalability, and it doesn’t have to worry about things like storage as of yet since it is still a relatively small blockchain. Thanks to its sub-networks, it solved the issue of bandwidth, and problems with transactions were prevented by using a system called Ouroboros.

It is also very secure, and it seems that it can rely on its smart contracts. After all, its development team is pretty confident in their algorithms, and they seem sure that Cardano can take care of any potential threat that happens to stand on its way. It can also guarantee their users’ privacy, which is usually something that people find very attractive.

Good combination of wallets

Cardano has found a great way to prevent any sustainability problems, and the solution was rather simple – it started using a different wallet. The wallet by the name of Treasury is used for storing small portions of any transaction, and the funds stored in it will be used for funding future projects. Best of all, Cardano will allow its users to choose what the wallet funds will be used for via the voting system.

Additionally, it has a wallet called Daedalus, which has become almost a synonym for safety. It is still not fully developed yet, and the team is working hard to complete their work on it. However, despite this, it has great potential and a lot of things will be incorporated inside of it.

A capable team

Naturally, you wouldn’t give your trust, nor your money, to a team that can’t prove its worth. If the team behind the product cannot be trusted to know what they are doing, then how can anyone ever have faith in their creation?

This is not a problem with Cardano since its team has been made of scientists, engineers, professors and alike. Obviously, these are all professionals who know what they are doing, which is yet another reason why Cardano is doing so well. So far, it has not given us a single reason to doubt its future success.

Even its price has been growing over the last few months, and it went from around $0.15 at the end of March, to $0.19 as of right now, according to the CoinMarketCap. Of course, this is not a huge increase, but ADA has been going up and down and it even saw a price of $0.25 quite recently. The oscillations will decrease in time, and the price will go up when the market allows it. This is why any potential investor should act now, and buy Cardano while the price is low. The coin obviously has a future, and the price increase will come in due time. Use this chance and make a smart investment.

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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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How is the Crypto Market Changing?

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crypto market
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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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cryptocurrencies
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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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Blogs

New DoJ Ruling May Cripple Gambling dApps

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gambling dApps
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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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