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Will Cardano (ADA) live up to the hype around it?

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Cardano (ADA) is one of the top cryptocurrencies in the crypto sphere. At the time of writing, Cardano is priced at $0.162 and is the 8th largest cryptocurrency by market capitalization. Cardano is a long-term project (has a real-life use and incredible purpose), and there is a big hype around it at the moment, but can it live up to it?

So, Cardano (ADA) is a long-term project that’s not fully completed yet. In the last 48 hours, the cryptocurrency fell short from $0.171 to $0.168. Cardano had an all-time high of about $1.12, but since then, even with other cryptocurrencies market, all we have seen so far is a huge dip (but still it has resisted quite well, and the dip has been because of the continuous fall of the crypto market in recent times).

Reasons why Cardano may or may not live up to the hype

One of the big things to know if a cryptocurrency will work out or not is the team behind it. As we all know, Cardano (ADA) has a futuristic team behind it. It has three organizations backing it and the IOHK – with Charles Hoskinson as the CEO. Hoskinson is an ambitious CEO, and he knows the strings to pull together to make Cardano a great cryptocurrency in the future.

He has also announced some of the things that are going on with Cardano at the moment. Cardano has two aims: to have a real-world use case, and also to do multiple things. Cardano (ADA) doesn’t want to be monotonous – instead, they are trying to get their hands on various things into their cryptocurrency that investors will need like the Smart Contracts, decentralized applications, and a platform that builds great apps that will be used in real life.

Moving forward, it is necessary to know that Cardano was built in layers to ensure scalability and upgrading. We do know that scalability is one thing that needs to be ensured by a cryptocurrency network. If scalability is not ensured, there may be a fall-off in the system as a result of a high rise in demand on the network. Admittedly, Cardano has made sure their platform is scalable enough.

Cardano’s completed and upcoming projects

Cardano’s roadmap is forthcoming in the next seven days – in one week, we should see more upcoming and completed projects. Here are some of the recent accomplishments by Cardano (ADA).

  • Cardano’s SL MainNet has been Launched
  • Enhancements are constantly made to increase the performance rate of its exchange partners
  • Paper wallets
  • Faster wallet restoration and synchronization
  • TestNet Launched

There are other things Cardano is still working on – throughout the Q2 and Q3, the future of Shelley will be released, starting with delegation and a stake pool TestNests, and Duncan Counts; the open Ouroboros delegation implementation; Multisignature transactions; wallet backend; consensus incentives and fees; light client support; human friendly addresses.

Some ending words

Cardano is also working on Sidechains, which will help its platform to be more scalable. There also are lots of other projects coming up as far as Cardano (ADA) is concerned.

If all these projects get implemented on their platform successfully, then, it indeed can live up to the hype around it. The team behind it is excellent, and we shouldn’t be surprised if Cardano becomes one of the top 3 cryptocurrencies in the crypto sphere soon.

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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 Maxpixel.net

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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