Cardano

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Welcome to Cardano!

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.

Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson. The project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. When launched in 2017, it was the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols. On this community you can learn more about the project, understand its great potential and engage in the worldwide Cardano community!

**Governance: ** Cardano is controlled by three entities:

Cardano Foundation: aims to standardize and promote the ecosystem (based in Switzerland). As of 2021, Frederik Gregaard is known to be the CEO of the Cardano Foundation.

IOHK: an engineering company responsible for building the Cardano blockchain.

Emurgo: responsible for commercial applications, based in Japan.

The platform is named after Italian mathematician Gerolamo Cardano, while the cryptocurrency itself is named after the English mathematician Ada Lovelace. The Ada sub-unit is the Lovelace; one Ada = 1,000,000 Lovelaces. Cardano differentiates itself from many other cryptocurrencies by focusing on scientific research and working together with universities.

Technical design:

Atypically, Cardano does not have a white paper. Instead, it uses design principles intended to overcome issues faced by earlier cryptocurrencies such as scalability, interoperability, and regulatory compliance. Cardano claims that it overcomes problems found in other cryptocurrencies: mainly that Bitcoin is too slow and inflexible, and that Ethereum is not safe or scalable. Like Bitcoin, Cardano uses a UTXO ledger model, though it is an extended version (EUTXO) to facilitate smart contracts and scripting languages.

Cardano uses a proof-of-stake (PoS) protocol named Ouroboros; this is in contrast to Bitcoin and Ethereum, which use proof-of-work protocols (though the latter switched over in 2022). Proof-of-stake blockchains use far less energy than proof-of-work chains. This is achieved by eliminating the computing resources that a proof of work algorithm requires. In February 2021, Hoskinson estimated the Cardano network used 6 GWh annually, less than 0.01% of the 110.53 TWh used by the Bitcoin network as calculated by the University of Cambridge.

Within the Cardano platform, Ada exists on the settlement layer. This layer is similar to Bitcoin and keeps track of transactions. The second layer is the computation layer and is designed to be similar to Ethereum, enabling smart contracts and applications to run on the platform.

The cryptocurrency Ada (ADA) can be stored on Cardano's native digital wallet named "Daedalus". The wallet downloads a full copy of the entire Cardano blockchain transaction history. Users face the risk of losing access to funds if the wallet's seed phrase is lost or stolen. The review in Investopedia highlighted the wallet's security and noted the lack of: mobile support, support for other tokens, and "onramp" to purchase assets with money.

Development phases of Cardano, or "eras", are named after notable figures in poetry and computer science: Byron, Shelley, Goguen, Basho and Voltaire. The first three stages implemented a basic blockchain, and then implemented decentralization and smart contracts. The Basho era focuses on scaling the blockchain. Voltaire, the final era, adds voting and treasury management functionality to the blockchain.

Once Voltaire is complete IOHK has said it plans to release the development of the network entirely to the community.

As with other proof-of-stake cryptocurrencies, Cardano offers "staking", which allows token holders to set-aside (delegate) tokens to potentially "validate" transactions on the same blockchain. The quantity of tokens staked corresponds with the likelihood of being chosen to validate a transaction, and thus be rewarded by the algorithm with more of the same token. Cardano's Daedalus wallet allows for staking. For Cardano, users participate in "staking pools" with other token-holders.

founded 2 years ago
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cross-posted from: https://infosec.pub/post/4512931

https://nitter.net/ergo_platform/status/1720491727914463662

Again, your inconsistencies with implementations and practice are hurting your data accuracy, period...and from the outcry of others on our previous post, it's clear it is widespread.

Take @ethereum and @PancakeSwap in the below chart, blue line is market cap. Their 1:1 chain migrations had minimal effect. Now, look at #Ergo in the beginning, clearly #CMC's method of data display here is showing something that is not.

Read about Ergo's early days here and EFYT: docs.ergoplatform.com/mining…

CMC argues that it was a 1:1 swap, however...the total supply was drastically different, and they are ignoring that.

Total Supply EFYT: 1,970,945 Erg: 97,739,924 The ratio here is almost 50:1

To anyone interested in accurate data, the chart should look similar to the blue market cap line in the picture below for Ergo.

  • @coingecko's solution was to start from mainnet.

Solution: Fix the chart according to total supply ratio, or, start from mainnet and link to the EFYT chart in a note above the current chart.

Inaccurate data can have a massive effect on adoption and their "first look" of a project as well as devs and businesses looking to purchase CMC's data feeds. Let's get it fixed!

https://nitter.net/ergo_platform/status/1720821527363338449?s=46&t=unlmaZgiDE_T6t5A5mx21Q

You’ve now made a statement to other projects who want accurate data on #CMC: “Don’t question us, or we will make it worse”. Your updated note on our chart is a clear sign you prefer “don’t you dare correct us” rather than have data that is represented with accuracy.

Your lack of understanding of total supply in relation to a 1:1 migration is downright worrisome.

Please reflect our data properly. To clear up twisting our words for their benefit and their unprofessionalism, here is the full support chain: checkvist.com/p/dxdsOg9cQr7f…

#cryptocurrency, @IOHK_Charles , @RichardMcCrackn , @cardano_whale , @SpectrumLabs_ , @nonkyc_exchange , @RosenBridge_erg we need your help to fight the bully. Please help us find a louder voice so that #CMC knows they can’t push around projects, even demanding money, as they see fit.

Previous suggestion: vxtwitter.com/ergo_platform/…

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A post in the Cardano forum alerted me to the existence of this Matrix community, centered around Cardano.

I’ll put a link in the sidebar, as I feel that this Matrix room is one of the only instances of FOSS technologies being used for community discussion in the Cardano ecosystem besides this one.

It kind of blows my mind how dependent on centralized, closed-source technologies a community centered around a decentralized, open source technology is.

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Discussions have started regarding extending lemmy's stack to serve our purposes for a decentralized, immutable, auditable forum for official governance discussion.

I'd love it if everyone could chime in on this topic.

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I made this comment in the thread of this story.

Probably a very unpopular thing to say: It would be interesting to see a middleman-free, decentralized version of Lyft/Uber where payments and ride-hailing are done with crypto and blockchain/smart contracts, driver ID’s using using DID’s, anonymized on-chain using homomorphic encryption. The hardest problem that I forsee with that tech is with dispute resolution. The idea stems from the opinion that the gig economy is great but the real problem (in matters not related to conflict resolution) is that the middleman takes a huge cut of the fare in exchange for doing almost nothing.

I was hoping that we could have a discussion about the pro's and cons of a crypto implementation of ride-sharing apps like Lyft and Uber.

For me, I don't think we'll see any implementation of this idea anytime soon because there are a lot of near-impossible issues for a decentralized organization to deal with in regards to conflict resolution.

However from my perspective, almost all other aspects of this tech seem to benefit from the elimination of a greedy middleman that does nothing other than connect two independent parties (one looking to get hired to drive and the other looking to get a ride in exchange for money).

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Actually, this is a good reminder that the average person who hates NFT's is a complete hivemind idiot, equating all NFT's to moonboi scams when NFT's are simply UUID's for blockchain technologies.

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From all technical points of view, the network works perfectly.

I've attached some interesting graphs to prove it. More info: https://cexplorer.io/

block filling / capacity block filling / capacity

TPS progress and potential cap with same tx structure TPS progress and potential cap with same tx structure

x-posted from Reddit.

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Why not start the week by sharing what makes our Lace wallet so special? ❣️

With an exciting future ahead of us, I’d like to invite you to help educate more and more users about self-custody wallets and spread the word. 🗣️

The Lace team prepared an infographic that pictures the essential features of Lace in a friendly and clear way. 🕶️

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In this very first episode of Mindplex Community Podcast, Dr. Mihaela Ulieru is joined by none other than Cardano's visionary founder, and CEO of IOG, Charles Hoskinson, to explore his dreams for the world, for Cardano, and for himself.

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submitted 2 years ago* (last edited 2 years ago) by demesisx to c/cardano
 
 

cross-posted from: https://infosec.pub/post/703765

Could this be a potential instance operator stake pool tie-in?!?! That would be an excellent application for increasing the revenue of the instance operators and it would also force each instance to become more reliable.

This prospect obviously excites me but I do remember a recent argument I read about the Cobra Effect. A game-theoretically designed voting reward/punishment system based on real-life rewards would have a massive effect on current dynamics of interaction. It would also help regular people earn money from creating decentralized community that is free from advertising influence.

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submitted 2 years ago by cyph3rPunk to c/cardano
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Decentralized, autonomous funding mechanism for innovation and culture with automated withdrawal for approved proposals. Safe, fair, inclusive network neighborhood that empowers communities.

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cross-posted from: https://infosec.pub/post/598701

Video to Elon: How to Build Decentralized Twitter Using Doge and Cardano for Profit and Pleasure

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We’re super excited to announce all the shiny new features and improvements that come with our newest Lace release. Buckle up, as we have some big news!

Sending digital assets is easier than ever

This is the big one! Transferring digital assets to other wallets is now even easier with ADA Handle. And easy is good, right? Now, instead of typing the wallet’s address, you can just enter $ along with the handle name, e.g. $adalovelace. Users can even personalize their handles and mint within the preview testing environment, so your wallet becomes even more you.

View your multi-address wallets

Get ready for another big one! As promised, we’ve found a way for you to be able to view and use multi-address HD wallets, like Daedalus, from within Lace. Look out for the one-time option to discover assets which will pop up when you restore a wallet in Lace.

Even more good stuff

We’re constantly looking for ways to make Lace as good as it possibly can be. Lace 1.3 is more responsive, so your browser view now adjusts to fit your screen size, enabling you to view Lace alongside other apps.

And if you’re reading all this and yet to give Lace a go, what are you waiting for? There’s never been a better time to try Lace.

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cross-posted from: https://lemmy.world/post/952336

Sunday Panorama for the #CardanoCommunity [Documentary] Cardano Developers Hackathon Stories [Teaser], Argentina 2022 https://youtu.be/_MBtxc7e1L4 via @YouTube Please check out the first two chapters and let us know what you think. The third one is coming soon :)!

Part 1: https://youtu.be/qkDhWJacW_g

Part 2: https://youtu.be/riV_TnHH8j8

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submitted 2 years ago by demesisx to c/cardano