The real flippening will be between Cardano and Bitcoin and the process is starting this year...

Holy fuck it’s 2020 and people are still buying settlement layers rather than the middleware they are all reliant on. It’s a good think the world needs a lot of poor people to fulfill the mundane NPC tasks. I’ll be sure to fuck your wife real good for you user, you’re in good hands

>7 years behind ethereum in testing and vetting a new language and VM
>thinking it will (just work)
The delusion is strong.

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smart contracts in 120 days user. try again. cardano's proof of stake is mathematically proven to be secure, shelly code is deployed and live rollout begins early august. then we will see. cardano has all of the security properties that bitcoin does, proven mathematically.

It's nice of you to upload a self portrait of yourself so we can all see how retarded you are.
Without Science you wouldn't be shitposting on biz right now so pipe the fuck down troglodyte

cardano is true proof of stake, not dpos. you're clearly coping but if you also have to lie to yoirself when you do it you're in for one serious case of butthurt

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do you even understand how your investment works?
you
DELEGATE
your
ADA
to
a
STAKING P O O L

haskell is much older than solidity retard, and one of the fathers of haskell is creating plutus (a simplified version of haskell). try again

Hey look its the philistine who hates Science and doesn't understand why Ethereum is obsolete, not only that he thinks that Haskell is a new coding language that's never been used or tested before when in reality most of the worlds most secure banking databases are written in it..

okay, i see that this is too confusing for you. anyone ANYONE can create a stake pool with ANY amount of ada and run a stake pool of their own on a raspberry pi or greater hardware. you can run a pool with 1 ADA in it and do it for yourself with nobody else allpwed in. for those who wish to not run a pooø they can delegate to any pool they wish. it's a true proof of stake system, and you are stupid

emurgo.io/en/blog/explain-proof-of-stake-pos-dpos

Cardano - a third generation blockchain based on a scientific, peer-reviewed philosophy - utilizes Proof-of-Stake (PoS) for its consensus mechanism to achieve the same security guarantees as Bitcoin - a first generation blockchain. A consensus mechanism is the way a blockchain secures its network and records.

Delegated Proof-of-Stake (DPoS) is another type of blockchain consensus mechanism available today. There are many similarities between DPoS and PoS. Both rely on on-chain resources (i.e. stake in the system) rather than off-chain resources (i.e. hashing power with Bitcoin) to achieve consensus in the network. Consensus is important to securing the network and especially important with a decentralized public blockchain where anyone can join the network.

In this post, we will look at the specific differences between DPoS and Cardano’s PoS system.

Their stupidity makes me even more bullish for Cardano. The collective IQ of all the Cardano fudders combined is around 60.

Cardano’s PoS vs. DPoS

Ouroboros - a brand-new, proof-of-stake consensus algorithm - is the solid backbone of the Cardano blockchain. Cardano’s native virtual currency ADA is referred to as “stake,” and instead of miners (as in Bitcoin) there are ADA “stakeholders” in the Cardano ledger. Cardano’s PoS system uses a randomized process to elect a stakeholder to produce a block, based on the weight of the stake recorded in the ledger. A block of time in the Cardano blockchain is an epoch and the individual units of time within an epoch are slots. Not all stakeholders have the expertise to produce a block if elected, so, stakeholders can pool their resources by delegating their stake to stake pools. The managers of these stake pools, known as stake pool operators, manage block production during slots where stake delegated to them is elected by the Ouroboros algorithm. These rewards are then automatically shared to the stakeholder.

In a DPoS system, stakeholders vote on who is responsible for producing blocks. This is different to Cardano PoS, where stake is delegated to stake pools rather than used as a voting mechanism. The voting power of each person is weighted to the number of cryptocurrency a person owns. These block producers are responsible for grouping transactions into a block and broadcasting it to the network. These block producers receive rewards for progressing the network. DPoS is designed in a way that block producers who fail to perform their duties can be voted out as delegates in elections. A DPoS system relies on a fixed amount of delegates to be voted on, meaning there is a set amount of parties allowed to progress the network.

This is vastly different to Cardano, as network simulations on the Cardano blockchain have shown that Cardano’s blockchain can effectively operate with as many as 1,000 running pools which ultimately creates a more distributed, decentralized, and secure network.

they're deiven by fear, even bitcoin bulls are afraid.

tsamefagging here... this is also very dated. the incentivized testnet had way more than 1000 stake pools and there is no reason that number cannot be much much higher.

what's the best exchange to buy and hold on?

>AtalaPRISM
the future of identity management
>native oracles
>god-tier DEFI
and yes, my link stack is very comfy as well

>10k stinkers
>250k Ada's
>100k lend
>1k oz silver bullion
Brehs I feel like I am gonna make it in the next 5 years

As always never hold it on an exchange except maybe coinbase once staking goes live, use their wallet, which is really nice itself. Binance is a good place to buy it.

Elon Musk of crypto.

You should ask OrO or ETH how their native oracles are going. The absolute state kek

So why is nobody but fucking New Balance and Beefchain “using” (experimenting) with it?

>hear smart contracts in 2 years
basic bitch fud that's out of date. Goguen will be launching smart contracts before the end of the year. Testnet Q3, Mainnet Q4.

in the US ypu can deposit cash onto bittrex and buy ADA with an ADA/USD pair. I would withdraw to the Daedalus wallet, but since ledger and trezor hw wallets are not integrated into daedalus quite yet i'd install daedalus on a fresh linux or windows install and have that laptop or harddrive just for daedalus (paranoia level maximum). when hw wallets are integrated into daedalus in the next month ot two you don't need to be so cautious. you will be able to stake from a cold wallet (hardware or paper wallet) through daedalus as well level and multisig is coming as well to daedalus for god toer security. it'll be on coinbase soon as well - that's been announced. binance is also great but don't leave your crypto on exchanges... although coinbasehas a custody offering coming and is FDiC insured for american accts.