Cardano was intended as a complete cryptocurrency, capable of performing the functions of fiat currencies, overcome the challenges that confront the global payment system and even those that other digital currencies have encountered. More than just a cryptocurrency, Cardano was designed to serve as a technology platform that lets users run every-day financial applications used by governments, individuals, and companies around the world.
To a few who are well informed and know the science, mechanics and finances behind blockchain technology and cryptocurrencies, the concept of token creation and application may be very familiar. But for every one of these crypto geeks, there are probably 20 people out there who do not know what cryptos are, cannot imagine why on earth they cannot continue to use their notes and coins as they always have, and cannot frankly understand the global craze for cryptos.
A wide gap exists between the two groups of persons on the crypto divide, and that is why Hexel has come onboard to bridge this divide by creating a platform for everyday people to conceptualize, create and use cryptocurrency tokens for themselves and their communities.
Coinbase, a company which has served as an exchange marketplace to enable users to procure cryptocurrencies using fiat currency, has come up with another groundbreaking product. This new product is Coinbase Commerce, which has been created as a solution to enable merchants all over the world to accept payments in specific cryptocurrencies for their goods and services online. The acceptable cryptocurrencies for such transactions will be Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
The performance of many cryptocurrencies in terms of price appreciation and growth in 2017 can best be described as stunning. There were even late performers: cryptocurrencies like Ripple (XRP) saw some good moves in December 2017.
As it is, many people want to benefit from the kinds of movements which were seen in cryptos such as Ripple, Neo, Zcash, etc. Who wouldn’t? Let’s delve into the best cryptocurrencies to invest in 2018:
Cryptocurrencies were not originally conceived to be market instruments to be traded in the global financial markets. They were originally conceived as solutions to existing problems within particular ecosystems. Within the global financial sector, there exists an ecosystem which is concerned with cross-border payments and remittances.
These have traditionally been handled at the level of commercial banks and third-party money transfer companies. However, this system of global remittances and payments has been riddled with specific challenges. It is these challenges that have led to the conceptualization of a cryptocurrency known as Ripple (XRP).
What would be the reasons for the unpredictable price variations of Bitcoin? There are millionaires who appear to not know about this major issue.
In reality, every cryptocurrency blogger would have their set of arguments. But, aren’t we all tired of reading really long articles where they express their opinions based on freedom of thought?
So, let’s cut to the chase and identify the theories which could have shaped their thoughts.
On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.
SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network.
SegWit was thus produced to make the development of such technology possible.
The technology that was proposed to address these issues with Bitcoin was the Lightning Network.