Cardano anti-FUD

I want to give you my 2 lovelaces. Please mind there is a lot of disinformation on Zig Forums and a lot of the FUD comes from people with incentives to steer opinions of ADA away from it. Don't ever let anyone tell you the project is a vaporware, a scam, just a wallet or that ADA will lose because it has no first mover advantage.

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Other urls found in this thread:

iohk.io/en/research/library/
en.wikipedia.org/wiki/Formal_specification.
youtube.com/watch?v=-CTNS2D-kbY
en.wikipedia.org/wiki/Formal_methods)
forum.cardano.org/t/goguen-roll-out-plan/35348
youtube.com/watch?v=7MJIrOs5Ij8
atalaprism.io/
cardano.org/
docs.cardano.org/
alpha.marlowe.iohkdev.io/
roadmap.cardano.org/en/status-updates/
ubivent.com/register/cardanovirtualsummit
youtube.com/watch?v=wbwpr5TXXzE
fxstreet.com/cryptocurrencies/news/iohk-to-join-hyperledger-and-w3c-202005230151
youtube.com/watch?v=GJANeEkj408
youtube.com/watch?v=NfSrNxA-MPo
ey.com/en_gl/news/2020/03/ey-launches-baseline-protocol-an-open-source-initiative-for-the-public-etherum-blockchain
youtu.be/GJANeEkj408
twitter.com/AnonBabble

>Design
The background of the Cardano project started with their own scientific, peer reviewed research. This has resulted in 60+ original research papers which define algorithms to operate exactly as they are intended and do it in a safe and secure manner. More can be found here: iohk.io/en/research/library/

The design of the whole ecosystem was fully formally specified at first en.wikipedia.org/wiki/Formal_specification. In short, this means the team designed the working fully upfront and noted the system as plain algebra. This was then implemented using Haskell.
youtube.com/watch?v=-CTNS2D-kbY

Haskell is a functional programming language, which makes it more rigorous and less prone for hacking. As a functional programming language it *encourages* safer code due to the interaction between it's type system combined with the perks of it being a functional programming language.

These kind of languages are normally used in systems which cannot fail (nuclear powerplant, airospace engineering, financial operators on Wall St. etc.). Apart from exactly doing what programmers want it to do, it's extremely light and concise. The current node consists of just 30,000 lines of code, which would compare to 2 million lines of C+. See it more as one giant equation, than a "language" interpreted by a computer and hence prone for hacking.

But: in the end the programmers make the code safety of course. This makes Haskell a two edged sword, as the code encourages safety and the type of programmers writing the Haskell code are generally people from the aforementioned industries and more than often have a MSc/PhD in computer science.

IOG (iohk.io) uses a very thoughtful and high standard methodology driven by academic rigor that is unique to this industry to build Cardano which will very likely give the best results in the industry. They used a first principles approach and broke down the complicated problem (what a 3rd gen cryptocurrency/blockchain would be) into basic elements and then reassembled them and build from the ground up while learning from mostly Bitcoin and Ethereum and improving on them. They did all the research to solve certain problems (like making PoS as secure as Bitcoin) and wrote academic papers that went through academic peer review. And then they used formal methods (en.wikipedia.org/wiki/Formal_methods) and Haskell to develop the product. They made it all opensource so everyone can check their work, use it and develop it further which only makes Cardano better and also had 3rd party audits done. This all to reach a high standard that they (we) think is needed for a cryptocurrency that stores billions of wealth and no other crypto is adhering to these high standards.

Cardano fudders are all unironically sub 60 IQ brainlets that think the Earth is flat.

Just remember everytime you are talking with a Cardano fudder you are also talking to a flat earther.

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as long as pump i am happy, pump no dump. big green dildos, i love big green dildos.
cardano and litecoin will work together.

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>Shelley - Staking

Then the PoS protocol: Ouroboros. This is provably just as secure as bitcoin, whilst consuming just 10 kW/h of power, instead of the whole consumption of Switzerland/Ecuador. Please mind this consumption of BTC will only increase with increased network load, and hence is not sustainable. But that is subject matter for another discussion. For users PoS brings a lot of benefits, as they earn between 6-10% profit (paid in ADA, so any future price rises are on top). Ouroboros supports about 1000 TPS. In the future, network capacity will be increased using a layer 2 solution, just like the lightning network: Hydra. In theory each stake pool (node) could operate it's Hydra head and you could have 1000 stake pools, making a theoretical 1,000,000 TPS. The use of a layer 2 solution has advantages over sharding (as proposed by ETH 2.0), because it is currently unclear to what extend sharding provides Byzantine resistance.

All rewards are paid by the algorithm, without pool operator interference. You also don't need to lock anything, and are free to spend any delegated ADA. You will only not receive any rewards on the spent ADA. Staking starts July 29 and has no minimal ADA requirement (0.8 for delegation fees).

nice blog faggot

can we get this post peer reviewed by academics please

>Goguen - Smart contracts & native assets

After full decentralisation with Shelley, Goguen is next. Goguen is characterized by the use of Plutus. Plutus is a Haskell based smart contract language designed specifically for Cardano. ETH requires to design a token in Solidity, and deploy it using Javascript. This is overly complicated and creates a lot of potential liabilities (as demonstrated by the enormous amount of hacks/exploits). Everything is done using Plutus on Cardano, which makes rigorous and light smart contracts. One can also use Marlowe, a Cardano specific smart contract platform.

Native assets (such as ERC20) are also designed differently. Ethereum uses it's own network to pay for network fees of ERC20 tokens. The revolution proposed by Cardano is to pay the fees using the native asset. This is a lot less complicated, and prevents token designers to think about tokenomics. Please note: by staking ADA, one would also receive these native assets as rewards! By using the contracts and tokens, the value of the ADA increases. Not only by sheer Tx-fees, but also the value of the platform itself.

Input Output Global and Waves have pledged 20 million USD to bring developers into the system. Proposals, though, need to be voted on by the community.

Native assets will be launched within 120 days, and smart contracts within 150 days. Please see this post for the more elaborate planning: forum.cardano.org/t/goguen-roll-out-plan/35348

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>Voltaire - On chain governance
For a system to be fully decentralised, decision making by the community needs to be enabled. Voltaire enable ADA holders to cast their votes proportionally to the amount they are holding. The voting testnet is going live in July. After that people will be able to submit ballots with Cardano Improvements Proposals (CIP). The community will then vote on CIPs and decide for the project where to go next.

>ADA and DEFI in Africa
ADA mainly focusses on bringing the 1 billion unbanked into the financial systems. About 80% of Africa is under 30 years of age. Apart from the huge economic potential, these youngsters are acquainted with electronic systems and will easily convert to mobile based blockchain.

This 7 min youtube video explains the application of DEFI in Africa and its huge potential really well. youtube.com/watch?v=7MJIrOs5Ij8

By providing a digital identity on a government based level will enable the people to access financial products. Imagine being an Ethiopian coffee farmer in need of fertilizer. I think Charles mentioned is a 20% fee on these micro loans, and 95% payback ratio. Imagine bundling these into tranches, and selling them to Goldman Sachs etc. Everything is then settled by the ledger. You reckon Goldman would like these products?

You can visit this website if you want a demo of Atala Prism, the ID provider: atalaprism.io/

green dildos make me cum

>Links
General website: cardano.org/

Technical documentation: docs.cardano.org/

Marlowe Playground: alpha.marlowe.iohkdev.io/

Cardano roadmap, and updates: roadmap.cardano.org/en/status-updates/

Cardano technical updates (daily/ weekly commits): cardanoupdates.com

Full recap of the Cardano Summit: Shelley edition: ubivent.com/register/cardanovirtualsummit (This features 90+ lectures on all ADA related busines, touching on general topics, science, the community and business. Apart from the technical talk, and voting implementations it included extremely intersting debates of CEO Coinbase & Binance UK on where the cryptocurrency space should go and the role of exchanges and a huge brain breaker by Stephen Wolfram.)

>Regarding the point on first mover's argument.
I can try, but will never tell it as as eloquently as Charles: please watch this 12 min fragment youtube.com/watch?v=wbwpr5TXXzE

charles so eloquent such leader, make big green dildos, sucky sucky frens

Can you do a blog post on the lack of network effects and how nobody but shitty old New Balance and Beefchain (kek) expressed even the slightest interest in this project. Oh yeah, don’t you have the Government of Ethiopia too? Que the “muh smart contracts aren’t even live bro” rant.

HD DVD

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For anyone viewing this thread. Cardano is trash. Nobody gives a shit about a half dozen research papers and some africans that cant maintain a well. Reddit retard bagholders trying to cope their backbreaking ada bags.

Look at eth partners and you'll see the future. If you're looking at eth killers in 2020 you're missing the golden goose that is the next big thing: decentralized data and machine learning blackchain

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Cardano is cope.

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Cardano is chasing last decade's lightning.

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I found the faggot who thinks the earth is flat.

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Honestly until Cardano is number 4 or 3 these fags aint gonna respect it.

I'd give it about 2 - 3 weeks

>IOHK joins Hyperledger
fxstreet.com/cryptocurrencies/news/iohk-to-join-hyperledger-and-w3c-202005230151

youtube.com/watch?v=GJANeEkj408

This is sheer cope by that fat fuck Charles lmao. Even the interviewer is laughing at his arrogance. Have Microsoft and Ernst Young actively building on ETH and encouraging other enterprises to build on it while you are pumped about Beefchain and the country of Africa kek. It should be painfully clear that ETH is the chosen public settlement layer. EU is using it, Visa using it, Microsoft/EY using it, IBM, Intel, TaoBao, SF Express all using it. The list is endless at this point. But by all means, continue to believe Beefchain and Ethiopia will save you. Top kek

"Sheer cope"

It's a one hour video dipshit. You responded in less than four minutes, From your feedback it's clear that you only watched the first minute intro before coming to a conclusion that's already predetermined and subjective.

You are a fucking moron who probably bought the top at $1 and sold the bottom at $0.02

>you dont back my horse so you must be a retard at trading my horse

>EU is using it, Visa using it, Microsoft/EY using it, IBM, Intel, TaoBao, SF Express all using it
>using
You mean experimenting

Beefchain is, to my knowledge, the only blockchain project supported by the USDA.

>Africa and Ethiopia
youtube.com/watch?v=7MJIrOs5Ij8

>thinking niggers are going to pump cardano

breadcrumbs..

Emilios Avgouleas holds the International Banking Law and Finance Chair at the University of Edinburgh, and is the founding director of the Edinburgh LLM in International Banking Law and Finance. Emilios is currently a visiting research professor at the Faculty of Law, University of Hong Kong (HKU), and a senior fellow and visiting professor at the LUISS School of European Political Economy, Rome. Between 2008 and 2017 he served, at different times, as a distinguished visiting professor, visiting professor, visiting professorial fellow and senior research scholar at Yale Law School, Harvard Law School, National University of Singapore, Hong Kong University, Duke Law School, CUPL (China-Europe School of Law), and the Athens University of Economics and Business. Emilios is a leading international expert on public policy and financial reform, banking theory, banking and capital markets regulation, law and finance, and global economic governance. His current technology-related research focuses on derivatives and securities markets’ infrastructure. With Professor A. Kiayias he develops models for the use of blockchain technology to lower transaction costs, enhance investor control over their investments, and optimize risk management in financial markets, as well as examining the impact of such innovations on financial market governance and systemic risk distribution.

>Everything on oracle pools
youtube.com/watch?v=NfSrNxA-MPo

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