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Cardano (ADA) Attempt to Break Above $0.4800: Latest News Summary

Per time of writing one of the only in the green among leading coins by market capitalization is Cardano (native token ADA  ranked 11th) counting 3.35% increase in the last 24-hours. Despite that it is lower compared to Yesterday (10th of March) the transaction volume of ADA is currently on the rise reaching for the big $40 mln ($39.1 mln present) on various crypto-exchanging platform.

ADA

Source: coinmarketcap

The pair ADA/USD is currently changing hands at $0.04666 and as it is standing on the rising on the hourly trading chart it is possible that in the coming days the value will test the major $0.4800 with the chance of breaking above the monthly declining trend while riding on the supportive trend.

Coin News

Cardano (ADA) Latest:

– One of the three parties that make Cardano [ADA] the project that it is today – the venture and commercial arm EMURGO announced that it is planning to expand further into India via opening a blockchain academy.

Called EMURGO Academy – the institution targets to train developers that are interested into blockchain-crypto developing thus increasing adoption of block-tech. EMURGO’s academy aims at supplying talented developers with the tools needed to thrive in the blockchain industry.

– During YouTube’s Cryptocurrency Virtual Summit, the co-founder and creator of the 11th largest digital coin by market capitalization – Charles Hoskinson, also co-founder of Ethereum [coin lead by Vitalik Buterin], dug dipper into the progress which Cardano made until now since its debut and what kind of mindset does it take to run a project of this scale even during cold weather. According to Mr. Hoskinson, what stands the most out for him is the teachings that the road until now gave him and his team on how to introduce and make a cryptocurrency function in the market.

“The big accomplishment is just learning how to have a cryptocurrency in the market, learning how to have a product that can evolve at a reasonable pace, and being able to actually execute on the science, because the science is so very complicated and it’s all new protocols. And being able to actually go from the lab to a specification to code, and have a reasonable vision of how we’re actually going to roll that code out and ship it to people and get it to work. I think that that’s what I’m most proud of.”

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Ethereum (ETH), Cardano (ADA) and NEO Showcasing Resistance towards the Bears

With the speedy up and downs throughout the market, it has a reached a difficult state to predict what could take place or happen next. But, for the time being the one that is standing out heavily is Ethereum – the third largest by market capitalization.

Ethereum ETH

Without a doubt, the talk of the week is Ethereum and how its performance is closing-in dangerously towards Ripple”s XRP just-gained second place right below Bitcoin (BTC). Roughly two weeks after the fateful BCH civil war took the crypto market by surprise and threw it off a cliff, Ethereum and most coins took heavy blows by the bears. However, XRP appeared to stand ground and reach $4 bln more market capitalization just in a few days compared to the previous-second place holder.

Returning to the present, the very popular Ethereum is standing in the spotlight for the past week and so it is only half a billion far from Ripple’s XRP. Per time of writing the pair ETH/USD is one of the only in the green with 2.70% gain in the last 24-hours.

source: coinmarketcap

As XRP experienced heavy grinding throughout the year, many thought that Ethereum is history and now the real game is between the crypto-pioneer Bitcoin BTC and the speedy XRP.

However, the next weeks and months could counter-reply the ETH-bearish ideas spread in the crypto community. Case in point, the project’s Constantinople upgrade, the next step in Ethereum’s multi-year plan to integrate Serenity (Proof of Stake, sharding, etc.), is slated to activate over the next three weeks.

Constantinople, which will cut Ether’s issuance rate by 33% and activate short-term scaling solutions, will activate (via a hard fork) at the processing of the 7,080,000 blocks.

Read in details:

Ethereum (ETH) Closes In On XRP After 15% Gain

Showcasing good numbers are also Cardano ADA and NEO against the US Dollar. The pair ADA/USD has reached the level of $0.043 with 3.23% increase in the last 24-hours expanding the market cap gap between it and IOTA (MIOTA). Also, NEO is battling sellers to re-test the major $10.00 mark is it is counting 4.35% in the last day.

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Cardano [ADA] To Survive and Showcase ‘Interest’ in the long Run

Experiencing the current general market uncertainty, many crypto-enthusiasts and traders ask themselves more often which coin will turn as true value in the years to come.

Taking a look at the yearly chart and seeing the not-stopping price decline of the  virtual assets you can easily conclude that 2017 was the year of gold-rush while now technological potential is truly being the base of value comparison. Additionally, if one certain blockchain platform network does find its widespread adoption it does not mean that the native token will be part of the utilization too.

With the much anticipated atomic swap being underway various token’s have their value at risk as there is no necessity of holding on a coin for a longer time. One digital currency that will not be impacted by the last mentioned factor is Cardano and its price/value staking. Opening doors for a way to receive passive income via holding the token on a longer term, will give individuals a reason to go for the leading coin. Likewise bank interest that many use to stack value but with a dose of hype.

Additionally, the same speculative-train from 2017 could pass by again hoisting the prices exponentially, following the event of the cryptocurrencies finding complete usefulness.

Read Also:

Cardano (ADA), Stellar (XLM) See Green as Investors Respond to Coinbase

2 Reasons Cardano (ADA) Could Be Listed on Coinbase Before Stellar (XLM)

The Cardano Foundation recently wiped the dust off its one-month dormant Twitter account to issue a notable announcement, divulging that Cardano’s hierarchy had undergone a sudden shift. As Charles Hoskinson, one of the masterminds behind the Ethereum and Cardano projects alike, put it, “The Babylonian Captivity of Cardano Has Ended.”

Per a public statement issued by the Foundation, Michael Parsons, the former chairman, has stepped down from his role willingly, with this change taking effect immediately.

Weiss – Ratings: According to the recent study, XRP, XLM, ADA, and EOS were rated higher than “B,” meaning that the prestigious risk assessment firm recommends their purchase.

“These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.”

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Cardano (ADA) Blockchain Infrastructure Grows More Creating Promising Atmosphere for Investors

The first born out of philosophic research – Cardano (ADA) protocol. Very similar to Ethereum’s PoS mechanism but with improved speed and efficiency the platform delivers more advanced features without stepping down the original idea of crypto – decentralization.

While maintaining the balance of the three big ones: Decentralization, Security and Speed, Cardano attempts to improve proportionally forward with each release or published paper. This is the real vision of its founder – Charles Hoskinson, who is at the same time one of the individuals that commenced the Ethereum project.

“What we’ve done with Cardano is start with asking ourselves what a blockchain is. Does proof of work actually make a blockchain secure? Is there a way to build PoS with the exact same outcome? […] Can we do things in a way where we can achieve classical performance with decentralization so that we’re moving the tradeoff profile in a certain way? […] Every time Cardano publishes a paper we are taking a step forward.”

Bittrex, one of the leading cryptocurrency exchanges by trade volume around the world, announced a few hours ago its decision to enable crypto/fiat trading pairs for Cardano and Zcash. Its official account tweeted this and later confirmed via an email sent to its subscribers.

Bittrex is excited to open two new US Dollar (USD) markets, Cardano (ADA) and Zcash (ZEC), on September 5, 2018! …

The approval process is fast and once approved you can trade all USD markets Bittrex offers today and in the future. When approved for USD deposits and withdrawals we will reply with wire transfer instructions and you will enjoy industry-leading same or next-US-business-day deposits and withdrawals. Follow us on Twitter for new USD market announcements and the latest updates.

Its architecture and project infrastructure as a whole widespreads even more. Cardano Wallet specification will most likely produce the highest quality cryptocurrency wallet that meets certain standards. These specifications can vary  from what is expected as for example the user interface but more concentrate on the communication blockchain-software. IOHK CEO Charles Hoskinson added:

“The release of the formal specification of the Cardano Wallet Backend is a major milestone for us and for all crypto. You should demand this standard for all protocols”

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Cardano (ADA) Possibly Turning to the Leader of the New Gen of Cryptocurrencies

Waking up to the green bullish sentiment it automatically comes to your mind what should you choose to diversify your wallet. When it comes to digital token assets, they impressively are impacted and affected by how the network and blockchain respectively is performing. As time passed more competition arise and one of the most intriguing ones to follow by no doubt is Cardano (ADA).

Cardano Debut

Ethereum co-founder and founder of Cardano and IOHK – Charles Hoskinson, has introduced a first row competitor to the second in the lead. Being the pioneer of smart contracts [which are contract allowing exchange of tokens, lets say ETH in this case after various requirements are met] Ethereum became famous and very respected throughout the crypto-verse and financial industry. But, Mr. Hoskinson wants to step up the game by fixing the existing issues that the second generation of coins [e.g Ethereum] do face until this day.

Some of the problems that cryptocurrencies are facing are: Scalability, Sutainability and Interoperability. Cardano here comes with its layer architecture structure making it stand out in safety and security of the smart contracts. As its divided into layers, the security is heightened as the processing done by the following layer [part] is made independently from the previous. Such the information is handled safely and not shared.

Another very highlighted issue is communication between the network and outside forms of financial entities like banks or virtual networks. Standing behind the privacy idea of cryptocurrencies, it is very difficult to know where the tokens are coming when you transact or to communicate between the systems with the different codes in them. This was a major game changer for many that initiated an offering last year or this year when traders wanted to fun various start-ups like ICO’s. The invested money was needed to be explained to the bank where its coming from. Additionally this is a No to do in the crypto-verse in which all we know is private and decentralized. The 9th largest coin by market capitalization targets to go beyond these issues and be the network where all entities can communicate with freedom.

Cardano’s Aim

The platform is attempting to overcome various hurdles (M-Pesa) and and take over various markets by offering the solutions to the above. Market in different nations, for example in Africa, South America and Central Asia. M-Pesa’s payment system lead is for the time with no rival in the globe. It has made possible money transfer on the mobile very easily and impacting. The service was launched back in 2007 during the boom of mobile devices in Africa.

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Cardano (ADA) Possibly Turning to the Leader of the New Gen of Cryptocurrencies

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Waking up to the green bullish sentiment it automatically comes to your mind what should you choose to diversify your wallet. When it comes to digital token assets, they impressively are impacted and affected by how the network and blockchain respectively is performing. As time passed more competition arise and one of the most intriguing ones to follow by no doubt is Cardano (ADA).

Cardano Debut

Ethereum co-founder and founder of Cardano and IOHK – Charles Hoskinson, has introduced a first row competitor to the second in the lead. Being the pioneer of smart contracts [which are contract allowing exchange of tokens, lets say ETH in this case after various requirements are met] Ethereum became famous and very respected throughout the crypto-verse and financial industry. But, Mr. Hoskinson wants to step up the game by fixing the existing issues that the second generation of coins [e.g Ethereum] do face until this day.

Some of the problems that cryptocurrencies are facing are: Scalability, Sutainability and Interoperability. Cardano here comes with its layer architecture structure making it stand out in safety and security of the smart contracts. As its divided into layers, the security is heightened as the processing done by the following layer [part] is made independently from the previous. Such the information is handled safely and not shared.

Another very highlighted issue is communication between the network and outside forms of financial entities like banks or virtual networks. Standing behind the privacy idea of cryptocurrencies, it is very difficult to know where the tokens are coming when you transact or to communicate between the systems with the different codes in them. This was a major game changer for many that initiated an offering last year or this year when traders wanted to fun various start-ups like ICO’s. The invested money was needed to be explained to the bank where its coming from. Additionally this is a No to do in the crypto-verse in which all we know is private and decentralized. The 9th largest coin by market capitalization targets to go beyond these issues and be the network where all entities can communicate with freedom.

Cardano’s Aim

The platform is attempting to overcome various hurdles (M-Pesa) and take over various markets by offering the solutions to the above. Markets in different nations for example in Africa, South America and Central Asia. M-Pesa’s payment system lead is for the time with no rival in the globe. It has made possible money transfer on the mobile very easily and impacting. The service was launched back in 2007 during the boom of mobile devices in Africa.

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Cardano (ADA) Spicing the Game Up Against Ethereum (ETH)

Being the pioneer in the smart contract verse of the crypto-ecosystem, Ethereum (ETH) still runs the show when it comes to the contracts. When introduced, they were very much welcome as they are safe, much applicable and hoisted Ethereum’s popularity to the sky as it entered a new generation of coins. But, ex-part of the Ethereum project and founder of the 9th largest coin is working daily to overcome the well cemented smart contract-leader of the verse.

Cardano’s development

Given birth by scientific/philosophical research and principles, the network is quite a new coin in the play. Initiated by one of Ethereum’s cofounder – Charles Hoskinson, it is labelled by many as one of the most promising to choose from and it has set itself a target to become a real rival for Ethereum.

Cardano (ADA) has unveiled the use cases of Marlowe, a domain specific language (DSL) which is targeted at the execution of financial contracts in the style of Peyton Jones among other researchers on blockchains. The Marlowe domain-specic language (DSL), according to IOHK, is modeled as an algebraic type in Haskell, together with an executable small-step semantics.

There’s an excellent case for Marlow entering the financial services sector and becoming a killer app which, in turn, would be a threat to Ethereum’s dominance and could even render current Escrow transactions and services into things of the past.

If the just announced language suited for smart contracts does deliver and make Cardano a better fit than Ethereum to handle them then this goes very well what Mr. Hoskinson mentioned way back about the position and who should lead the coins. The co-founder did mentioned that he does target to overcome Ethereum in about a year.

“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”

Last the team behind Cardano announced Icarus as they explained it:

“A reference implementation for a lightweight wallet developed by the IOHK…. Icarus is a fully open source code base that will be the first step in a range of open source initiatives to provide developers with a suite of tools for Cardano.”

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Cardano’s (ADA) Team Working to Release the Final Product as Soon as Possible

The ninth largest coin by market capitalization – Cardano [token named ADA] is adjusting daily to its founders words. Charles Hoskinson – ex part of Ethereum project, way back commented on how anybody should fit their position based on the potential the platform has.

“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”

Even that a very impacting factor is speculation in the crypto-verse, all digital currencies have one target. The goal to change the world for the better. Being it a smaller scale or larger. But, the target can not be achieved if the system is not at that purpose-level and consumer centric.

Cardano Latest

Keeping that in mind, the team behind the platform is doing its out-most that through the network’s development they want to reach higher ground. Cardano (ADA) founder, Charles Hoskinson, decided to unveil some of the altcoin’s secret project earlier before the intended date. While unveiling the secret project, he mentioned Icarus, and today what he added to it was Yoroi, which Cardano foundation said has been updated on Cardano’s roadmap.

Many have been wondering what Icarus is.  Cardano’s blog referred Icarus as a chrome extension and “a reference implementation for a lightweight wallet developed by the IOHK”. The idea will give developers the advantage to invent their own secure light and mobile wallets for Cardano.

Icarus is a fully open source code base that will be the first step in a range of open source initiatives to provide developers with a suite of tools for Cardano.”

Yoroi is a light-client wallet launched by Emurgo earlier today. Emurgo is an organisation that supports new Cardano ventures. The organization declared it was interested in releasing the first implementation of Icarus to the community. Emurgo is working on launching their implementation of Icarus, the Yoroi wallet.

“The way the ecosystem goes about doing its business is what makes it earn the current positive reputation of becoming the market leader and contender.” – C.H.

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Cardano (ADA) Improved Version Announced by CEO Charles Hoskinson

New Protocol Cardano

Via his twitter handle, the founder of Cardano project and ex-part of Ethereum – Charles Hoskinson, declared the newest version of Cardano’s protocol.

The specific details on the release have yet to be made public concerning the updates of the 1.3 protocol version. The bettering mostly as it seems target the Daedalus wallet and the protocol itself. Mr. Hoskinson commented on how the main issues to deal with were memory improvement and speed, and the 1.3 version has cleared the QA period. The stated update is set to come true in the next days, while the 1.4 according to the roadmap is set to go into the QA period after Sep 4.

Cardano ADA

Cardano was seen as a project potentially displacing Ethereum with a better consensus approach. However, at the moment, the Cardano network does not even line up among the most active ones. Numerous ADA owners hold their assets in the Binance wallet, which is the richest one with around 10% of ADA holdings.

The daily active unit in terms of daily trx is far lower at Cardano’s blockchain compared to platforms like TRON (TRX).  The network’s explorer showcases that the blocks mostly hold one or two transactions.

Continuing, Mr. Hoskinson believes and hopes to see Cardano be the first trillion dollar cryptocurrency. With the event it would clearly prove that it is a self-maintainable financial structure. Parallel with that, with ADA he wants shift while shaping differently how we think of the coins and use them. While many see ADA tokens just as a way to profit financially by selling, buying [trading], Charles Hoskinson mentioned that he has high hopes that users will find the opportunity to use the coins in real life.

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Cardano (ADA) Founder Sheds Light on Ethereum Classic

Cardano (ADA)–Cardano and IOHK Founder and Ethereum co-founder Charles Hoskinson has had a substantial impact on the direction of cryptocurrency. From his position in getting the second-ranked cryptocurrency by market capitalization up and running, to his creation of the Input-Output Hong Kong organization, which created Cardano ADA, Hoskinson has had has finger on the developmental pulse of the industry.

Speaking on the YouTube Channel Learn Crypto in an interview published Friday, Hoskinson gave his opinion on the Ethereum Classic (ETC) currency, a hard fork from Ethereum (ETH) which in part led to the creation of Cardano. Following his departure from the group of original Ethereum founders, a relationship that did not end 100% amicably, Hoskinson joined the Ethereum Classic team in 2016 to help guide the coin following its hard fork from ETH. The primary difference between ETH and ETC is that the latter promotes the idea of unrevisable, immutable blockchains. Following the The DAO hack, which essentially split the community of Ethereum, ETH Classic miners continued to trawl the original ETH blockchain–as opposed to participating in the new blockchain that returned ether to impacted investors. At the time, the move was hailed by equal parts admiration and derision. ETH supporters saw the move as a way to counteract the illegal theft of a hacker. ETC proponents felt that, while the hack was not to be celebrated, it was constitutionally wrong to the currency to revise the blockchain under any circumstance.

Hoskinson joined with the latter of the two, telling Learn Crypto,

“So…  I put my name brand and reputation on Ethereum and you know I went my own way but I still believed in this whole philosophy of the system.”

He goes on to expound upon his support for Ethereum Classic over ETH,

“I felt that you can’t go raise 18 million dollars and market something one way, and then when it’s inconvenient to you, you go change the terms of sale without the consent of the customer, and not a lot of customers participated. I think the vote was less than 10% participation and there wasn’t lot of time and it was just a knee-jerk decision.”

Hoskinson tells more about the conception of Ethereum Classic, speaking on the ease of which a developer can create a fork of a currency. However, he also relates how his experience with ETH and ETC set him up for the creation of IOHK and the Cardano ADA currency that followed. In particular, he highlighted the importance of currencies focusing on scalability, a feature that Cardano has been pushing for some time, in addition to higher TPS and a growing user base,

“Cardano’s trying to cover all three areas. So we started 2015 it was basically just a collection of concepts. We get about three years of research and development and now we’re in a position where we think we have a pretty good shot at being able to pull it off.”

In May, Hoskinson made somewhat controversial headlines when he called into question the massive market cap ascribed to Bitcoin and Ethereum. While not outright calling the currency worthless (as some outlets have run with), the IOHK CEO did find fault with what Bitcoin and Ethereum have done, or are in the process of doing, to deserve their spot at the top of the industry’s market capitalization,

“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”

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