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

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Out of the five digital assets Coinbase announced it had
interests in listing back in mid-June, three have been
listed. These are the cryptocurrencies of Ox (ZRX), Basic
Attention Token (BAT) and most recently, ZCash (ZEC) .
Only two remain on the list: Stellar (XLM) and Cardano
(ADA). With two cryptocurrencies remaining from the list,
the odds that one will be the next one listed by the
exchange can be compared to the proverbial coin toss: it
could go either way.

Cardano (ADA) has An Edge Over Stellar (XLM)

But for many crypto traders, Cardano seems like the
digital asset most likely to get its ticker on the trading
platform. The following three reasons could be why this
is so.

* Similarities between XLM and XRP that has not
been listed on Coinbase since January

* Cardano’s plans for a purely transparent and
decentralized platform

Similarities Between XLM and XRP

The back-end protocols for both XRP and XLM are
consensus protocols. Looking at the coins that have been
listed on Coinbase, we find that they are all Proof-of-
Work protocols including ZCash. It is with this simple
observation that we can formulate the loose theory that
the reason Coinbase did not list XRP was because of the
type of integration involved with its ledger. The same can
therefore be concluded with XLM.

Another similarity between XRP and XLM is that both the
Ripple company and the Stellar foundation hold a large
chunk of the coins respectively. Such ownership and/or
control over a digital asset, can cause Coinbase to skip
XLM for ADA that has more of its coins in circulation
with traders/holders.

Cardano’s Plans for a Purely Transparent and
Decentralized Platform

With the Bitcoin Cash Hash Wars not a forgotten event in
the crypto-verse, the volatility associated with one or
more parties having control over a mining network or its
coins, can be seen as a cause for concern for many
investors.
Looking at both XRP and XLM, we have the Ripple
company and the Stellar foundation holding a
considerable amount of coins respectively. Although the
likelihood of each dumping these coins into the markets
are slim, it is probably a cause for concern for many
institutional clients Coinbase is trying to attract.

Cardano on the other hand, has an ADA distribution audit
report available online. It clearly explains how the pre-
sale of ADA was undertaken between September 2015 to
January 2017. This is the type of transparency an
investor looks for when looking for a coin to invest.
In terms of decentralization, we find that the Shelley
project that is due for completion in 2019, will ensure
that there will be proper delegation and incentives to
keep the network as decentralized as possible.

In conclusion, we have seen Coinbase list ZCash (ZEC)
just yesterday thus stimulating talk around the crypto-
verse as to which between ADA and XLM will be next. We
have then explored the case of ADA being next on
Coinbase based on the key factors of decentralization,
transparency, integration onto the Coinbase trading
platform and the circulating supply of each asset in
relation to the total supply.

Source : https://ethereumworldnews.com