BTC/USD Rockets to Highest Print Since June: Sally Ho's Technical Analysis 27 July 2020 BTC

19d
cryptodaily

Exploring Decentraland: A Review of the Virtual World Built on Ethereum

19d
thebitcoinnews

J. A. McDonald: The Longest Running Case of Mass Hysteria

19d
thebitcoinnews

Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

19d
thebitcoinnews

Tips on How to Minimize the Risks When Trading Cryptocurrencies

19d
thebitcoinnews

Analyst Who Predicted Bitcoin’s V-Shaped Reversal Expects Rally to $17k

19d
bitcoinist

Charles Edwards: BTC Could Shoot Up with Banks’ Help

19d
livebitcoinnews

These 3 Metrics Suggest Bitcoin Is Building Up Bullish Momentum

19d
bitcoinist

Are Institutional Investors Not Buying Bitcoin Anymore?

19d
coininsider

Visa Moving to Integrate With Digital Currency Platforms

19d
thebitcoinnews

Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

19d
livebitcoinnews

XRP Is Surging But Not Everyone Is Convinced a Bull Run Is Certain

19d
bitcoinist

Bitcoin Is Readying for “Big Move,” Says Fund Manager Who Predicts $50k BTC

19d
bitcoinist

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

19d
thebitcoinnews

ETH/USD Launches to Highest Print Since July 2019: Sally Ho's Technical Analysis 26 July 2020 ETH

19d
cryptodaily

After Surging 25% in 5 Days, Ethereum Forms Sign Last Seen Before March Dump

19d
bitcoinist

Visa Claims It Will Support More Stable Currencies in the Future

19d
livebitcoinnews

Analyst Who Predicted BItcoin’s 2018 Bottom Thinks $10k Is Imminent

19d
bitcoinist

Adam Back & Satoshi Nakamoto: friends or strangers?

19d
cryptodaily

Bitcoin Falls Back Into The $9K Zone After Its Brief $10K Breach

19d
coingape

Bitcoin and Ethereum Surge to New Highs, Gold Almost at All-Time High

19d
cryptoglobe

After Surging 15% in 5 Days, XRP Prints Textbook Sell Signal

19d
thebitcoinnews

Bitcoin SV Is Stuck Below $200, May Resume Upside Range Correction

19d
coinidol

Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally

19d
bitcoinist

Former CFTC commissioner believes the US should bring in outside stakeholders for a CBDC to bring in a new perspective

19d
cryptodaily


IOHK could demonstrate Cardano’s multi-asset standard with Presidential campaign coins for Kanye West and Brock Pierce

cryptoslate

1mon ago

Cardano could see Presidential coins issued on its platform in order to demonstrate its multi-asset standard, Charles Hoskinson said in his latest AMA.

IOHK is considering coins to commemorate Kanye West and Brock Pierce’s presidential campaigns.

The coin itself wouldn’t be affiliated with Kanye, but the number of coins issues will match the number of votes he gets in the upcoming U.S. presidential elections. Hoskinson explained that they would be airdropped to all ADA holders after the election.

The dust from the announcement of Kanye West’s presidential candidacy in the U.S. hasn’t even settled and the famous rapper has already become a household name in the crypto industry. While Kanye’s pro-cryptocurrency stance was known to many, it wasn’t until he made it clear that he was indeed running for election this year that the industry took notice.

This is mostly due to the fact that news about a “Kanye Coin” seemed to spread faster than his candidacy announcement. The crypto media has been ablaze with news about the potential launch of West’s namesake coin that most missed the real story behind it.

Namely, the upcoming Kanye Coin isn’t and probably won’t be directly affiliated with West himself, as it was envisioned more as a marketing tool to promote the Cardano blockchain.

First announced by Charles Hoskinson, the CEO of IOHK, the coin would be a fun way to demonstrate Cardano’s multi-asset standard and show the potential the blockchain has.

Referring to West’s presidential, Hoskinson said:

“If it’s not a joke, when Cardano has native assets, to demonstrate the power uniqueness of native assets, we will issue Kanye Coin.”

When it comes to the purpose of the Kanye Coin, Hoskinson said that it would be more of a collector’s item than a utility coin. The total supply of the coin wouldn’t be known until after the election, as one token would be issued for each vote that West gets in the election.

Being collector’s items, the tokens wouldn’t be sold as it the case with most tokens but would be airdropped to all ADA holders.

Demonstrating Cardano’s multi-asset standard wouldn’t end with the Kanye Coin, either. Hoskinson said in his YouTube AMA that the company might do the same for yet another U.S. presidential candidate—Brock Pierce.

“So also to advertise our native asset standard, we will do the same for Brock Pierce—Pierce Coin and Kanye Coin.”

This, Hoskinson went on, would be a great way of demonstrating the connection between cryptocurrencies and real-life events. However, to do so, IOHK will need to develop an oracle that would feed the results of the election into the Cardano blockchain.

The oracle would most likely be released just ahead of the November elections, while the multi-asset standard is expected to launch in about four months.

For the longest time, Ethereum has been the king of smart-contract blockchains.

IOHK, the company behind the Cardano blockchain, has announced that it had signed an agreement with Coinbase Custody.

Cardano’a parent company IOHK started off the Shelley Virtual Summit with 5 major announcements, unveiling some of the innovations that were made possible by the public mainnet launch of Shelley, including its identity solution PRISM, a new model for governance on Voltaire, as well as a $20 million fund aimed at dApp development on Cardano.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

If you talk to the supporters of smart contract projects such as Cardano, Tezos, EOS, and Tron, they will say that their respective blockchains are the best.

The rapidly growing Ethereum-based DeFi sector has been generating significant buzz within the crypto industry, seeing massive inflows of new users and investors that have created growth typical of that seen during bull markets.

Ethereum is by far the leader in the smart contract blockchain space.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments