7 Best Bitcoin Mining Pool in 2020 Reviewed (+ Fees Compared)

CRYPTOCURRENCY CARDANO (ADA)

CRYPTOCURRENCY CARDANO (ADA)

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Cardano is a cryptocurrency running on a decentralized blockchain platform that is under development. The project team strives to gain the trust of users by ensuring transparency of everything that happens in the system.

THE HISTORY OF THE EMERGENCE

Cardano (ADA) was created by a team led by Charles Haskinson, who previously worked on Ethereum, but left the number of cryptocurrency developers before the ICO. In 2014, he and Jeremy wood formed IOHK. In the same year, a group of Japanese investors signed a 6-year contract with this firm to create a blockchain project based on the use of algorithms for independent execution of exchange operations with different types of assets.

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The platform was named after Gerolamo Cardano, an Italian mathematician, engineer, philosopher and astrologer. The Ada token was composed of 3 letters of the scientist's surname so that the name of the world's first female programmer-Ada Lovelace - turned out.
The currency ICO was held in several stages in 2015-2017. as a result, $62 million was collected during operations only within the ADA Coin system. Until 2019, the developers plan to launch a number of decentralized applications and services for the implementation of smart contracts.
In the beginning, the team warned that the low speed of operations (only 5-10 transactions per second) can affect the rate of cryptocurrency. Experts plan to increase the speed of transactions by introducing the system of bandwidth nodes, the Protocol of which will be written in the programming language Haskell. Also prevent the success of the project could reputation of the author of the idea of Charles Hoskinson, who left his previous job without explanation. But the cost of the coin was not affected by these factors, the prospects for the project are good.

Cardano Presentation
The success of the project is also facilitated by the fact that it is engaged in 3 institutions performing different functions:

  • IOHK is responsible for the construction of the siege system. This institution is engaged in the technical side of the platform, its improvement.
  • The Cardano Foundation is located in Switzerland. Responsible for the control of the organization and its development, standardization and protection of technologies.
  • Emurgo is based on the Isle of man. The organization was created to promote the company's products in the market.
The goal of the creators of the project is a sustainable system that is able to attract investment and thereby support itself.

MAIN FEATURES OF CARDANO COIN

Cardano (ADA) is a cryptocurrency whose task is to secure smart contracts between users on terms beneficial to both parties. Such principles of asset exchange will be the basis for further development of digital currencies. The Ada token has many pluses, but there are also minuses.

Advantages

  • Democracy in the control of transactions and mining.
  • Scientific approach in the development of the mathematical block of the platform, allowing to have a good traffic generation.
  • High degree of protection against hacker attacks.
  • Anonymity.
  • Protection of users from unscrupulous partners.

Disadvantages

  • Using test software.
  • Incomplete platform management.
  • No protocols for long-term planning.
  • Insufficient control over the data provided by users.

HOW TO MINE CARDANO

The Cardano platform is based on the Proof of Stake algorithm. This means that the chances of a miner to create a block are directly proportional to the assets available to him, the results of work on solving a mathematical problem do not matter.

Advantages of Cardano mining:

  • Easy entry.
  • No expensive equipment is required.
  • Don't need a lot of electricity.
  • Relative stability.

WHERE AND HOW TO BUY CARDANO ADA CRYPTOCURRENCY

Cardano coins are traded in pairs with other cryptocurrencies on most exchanges (Finance, Bitrix, Http, Upbit, Bithumb, Cryptopia, etc.). There are exchangers (Prostocash, Xchange, 60 cek) and Exmo exchange, where you can buy Cardano cryptocurrency for rubles and other Fiat currency, after exchanging it for bitcoins or ethers. You can pay in exchangers via PayPal or Bank card.
Purchase instructions ADA:
  1. To buy in exchange for Bitcoin or Etherium.
  2. Register on the exchange and install a wallet with Cardano support.
  3. Exchange purchased bitcoins or ethers for Cardano.
  4. Withdraw ADA to wallet.

Purchase on Binance
Crypto exchanges provide the ability to store funds, but it is better to withdraw tokens to the wallet immediately after purchase. If this is not possible, you should take care of the security of your account. Asset storage is better not to trust little-known exchanges.

CARDANO WALLET

Until March 2018, the only e-wallet in which ADA could be stored was Daedalus. There are versions for Windows, Mac and Linux. The wallet is suitable for anonymous transactions. The Cardano team plans to issue a debit card that can be replenished through this e-wallet.
Daedalus installation instructions:
  1. Go to the site Cardanohub.org.
  2. Find the Get started tab and go to Deadalus wallet.
  3. Click on Download, download the app.
  4. Open the file, configure the installation settings.

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In March, it became possible to store ADA tokens in the Centra wallet. This means that the currency can be withdrawn using the Centra card in 36 million terminals around the world.

Web wallets are popular because of convenience. Many sites offer to download them to store ADA, but this should not be done, so as not to fall for the tricks of scammers. On the official website of the company there is no data on cooperation with owners of online wallets.

WHAT ARE THE PROSPECTS FOR THE ADA CRYPTOCURRENCY

Given the big plans of Cardano developers, the forecast for 2020 regarding this cryptocurrency is good. If the team implements its ideas to expand the use of coins, ADA may become popular in the market after a while, despite the fall in user confidence in cryptocurrencies.

Road map of Cardano

The author of the platform Hoskinson said that the work on scaling the data will not yield results until 2019. Developers want to introduce innovative technologies into their project, their creation and research takes a lot of time. By the end of the year, it is planned to standardize the protocols and improve the reliability of the system, but the achievement of these goals may be delayed due to the complexity of the ideas. At this stage of operation of the platform, information about the use of high technologies in support of Cardano's work is not proven.
Cryptocurrency faces competition among firms providing such services. It interferes with its development. Specialists working on improving Litecoin and Dash use similar principles when conducting transactions. Ripple plans to become an element combining currencies recognized as official and digital assets, making it more attractive to investors.
The exclusivity of the project is that its development is scientifically justified. But this is not a significant advantage, as most traders do not want to spend time figuring out the details of the technical side of the project, and are interested in its functionality.
If the Cardano project team fulfills its plans by the end of the year, the prospect of this currency is quite good. The success of ADA depends on how convenient the token will be to use.
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Announcement of global exchanges about BTC Segwit2x fork

Binance – No announcement on Segwit2x as of yet.
Bitfinex – Tentative support for honoring Segwit2x balances . New chain will be listed as B2X.
bitFlyer – No announcement on Segwit2x as of yet.
Bithumb– No announcement on Segwit2x as of yet.
BitMEX– As of now, will not support Segwit2x. Original chain will still be listed as BTC.
BitPay– Will follow the chain with the highest accumulated difficulty. Will refer to the minority chain as BC1 (if Segwit2x is the majority) or BC2 (if Segwit2x is the minority) with no further support for the minority.
Bitso – No formal announcement, but will be supporting Segwit2x .
Bitstamp – No announcement on Segwit2x as of yet.
Bittrex – No announcement on Segwit2x as of yet.
Blockchain.info – Tentative support for Segwit2x. Hash power will decide which chain Blockchain follows.
BTCC – Will support Segwit2x. Hash power will decide which chain is listed as BTC.
BTC Markets – Will support Segwit2x if there is sufficient community and miner support. Hash power and/or market capitalization will decide which chain is listed as BTC.
CEX.IO – Will honor Segwit2x balances as well as enable trading . New chain will be listed as B2X.
Coinbase – Will honor Segwit2x balances as well as enable trading . Hash power will decide which chain is listed as BTC.
Coinfoor – No announcement on Segwit2x as of yet.
Coinnest– Full Segwit2x support .
Coinone – Planning on full Segwit2x support.
CoinsBank – Reported to Bitcoin Magazine that they will not be supporting Segwit2x.
Gatecoin – Will not support Segwit2x.
GDAX – Will honor Segwit2x balances as well as enable trading . Hash power will decide which chain is listed as BTC.
Gemini – No explicit support for or against. Hash power will decide which chain is listed as BTC.
Exmo– No announcement on Segwit2x as of yet.
HitBTC – Tentative support of supporting Segwit2x . New chain will be listed as B2X.
Huobi Pro – Will honor Segwit2x balances as well as enable trading .
itBit– No announcement on Segwit2x as of yet.
Kraken – No announcement on Segwit2x as of yet.
LakeBTC – No announcement on Segwit2x as of yet.
Liqui – No announcement on Segwit2x as of yet.
OKCoin/OKEX– Will support Segwit2x .
Poloniex– No announcement on Segwit2x as of yet.
Quoine – No announcement on Segwit2x as of yet.
The Rock Trading– As per Bitcoin Magazine, they are unsure as to if they will support Segwit2x. If they do, it will be listed as B2X.
Vaultoro – No explicit support for or against Segwit2x .
WEX – Will not support Segwit2x .
Whalepool – Will not support Segwit2x.
Xapo – Full support for Segwit2x. Hash power will decide which chain is listed as BTC.
YoBit – No announcement on Segwit2x as of yet.
[COINIGY]https://blog.coinigy.com/2017/10/comprehensive-list-of-exchange-segwit2x-stances/
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