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Cardano (ADA) has a cool technology. Yes it should stabilize around $1 during the next weeks.
Cardano is the most promising 3 gen. crypto right now.

(2018-01-10, 05:20 PM)Cell Wrote: ADA is also taking a big hit down right now.... I'm still in the green, but lost many thousands (on paper). Should go back up soon, I guess.

Don't panic guys. Most major coins are falling the past few days. These are temporarily corrections. Coins were climbing to fast lately. Don't worry. They will come back bit by bit, and from march-april you will see a new revival of our coins.
What is this thing that builds our dreams, yet slips away from us?

I'm optimistic too! Wink
In addition of my post about 3rd gen blockchain last nigt:

What is Cardano (ADA), how does the scientific approach work?
Cardano (ADA), a crypto coin based on blockchain technology. Decentralized, open source and designed by a number of clever heads. The remarkable thing is that former CEO of Ethereum, Charles Hoskinson, supervises this project. He left Ethereum just before it was launched. Cardano is the first crypto-coin that is based on proven mathematical theories. The cryptocurrency has been made on the basis of mathematical academic research that has been tested by many different academics. The universities of Athens, Edinburgh and Connecticut have contributed to this. The name Cardano comes from the mathematician Gerolamo Cardano. This man was one of the most influential mathematicians alive during the Renaissance and has brought many revolutionary mathematical theories into the world.
But what makes this cryptocurrency special and what problems does it solve? One of the biggest problems that Charles Hoskinson saw in the crypto world was the fact that crypto-startups were far too hasty to release their white paper. They wanted to raise a lot of money as quickly as possible to find out that a large part of the promises were impossible to meet. This problem already existed for two years for the big ICO hype of 2017 and has since then become even bigger. Hoskinson wants to prevent this with Cardano and explains the basis of the cryptocurrency in the following way:

"Let's do things like we're real academics. Let's start writing good whitepapers with domain experts, let's review the texts, let's discuss important discussions. How can we be good engineers engaged in code that must be completely safe and at the same time good researchers who do things as academics have been doing for a long time? The balance between them is the basis of the Cardano project. "

Formal Verification
The big difference between Cardano and other cryptocurrency is that smart contracts are processed on the basis of "formal verification". Right now, in the crypto world smart contracts are written informally, thrown into the world and tested in this way whether it works or not. Formal verification works differently. It works in the same way and with the same certainty as mathematicians can test their mathematical theories - to indicate how important this form of testing is: thanks to mathematical theories we already know much more of the world than we can see with the eye. For example, when we were not able to get into space for a long time, we could already measure with great certainty that the earth was round, how large the earth was and how far the moon of our planet was, all based on mathematics.

Cardano's self-developed consensus algortime: Ouroboros
Cardano has a better version of PoW (Proof of Work). PoW is what makes bitcoin so slow and that huge computing capacity has to be used to confirm transactions.
ADA has made its own version, which is an improved version of Proof of Stake (PoS). This unique algorithm is hidden under the name ouroborus and provides scalability. Transactions are processed in a unique way, by means of the coin-flipping protocol. Ouborus is part of one of the layers of this blockchain: the transaction processing layer. A layer that is linked to this is the control layer. Cardano is very committed to safety and wants to be the most secure crypto platform in existence. For this reason, they use the Haskell programming language, which is one of the most secure programming languages at the moment. In addition, they have developed Ouroboros. This is a Proof-of-Stake (PoS) consensus algorithm. Proof of stake means that the crypto coins do not have to be mined, like at Bitcoin, but that holding ADA, the token of Cardano, in your wallet (stakes) causes you to generate more Cardano. Many other crypto-coins, such as NEO, DASH and Stratis, also use PoS, but this does involve security problems. Ouroboros has solved all these safety problems completely and they can even prove this mathematically. If you want to know the exact details, you can read their whitepaper.

Cardano: a team of experts
The project started in 2015 by Hoskinson. He moved from Ethereum to Cardano. Things could be better and he came up with the idea of engaging scientists and other experts to investigate contemporary blockchain technology and transform it into a better variant.
A research team, consisting of the (best) experts in blockchain technology, designs Cardano on the basis of scientific research technology. The first layer of the cardano project was released on September 29, 2017.
The Team behind Cardano
The team behind Cardano is very impressive. As you have already read, Charles Hoskinson, the former CEO and early founder of Ethereum, is the CEO. He has included Jeremy Wood (former operation manager at Ethereum). Together they started the engineering firm IOHK to build blockchains for academic institutions, governments and companies. Now IOHK focuses on the further development of Cardano.
In addition, the team consists of the Cardano Foundation and the company Emurgo. Cardano Foundation is a Swiss non-profit organization. Within the crypto startup they are responsible for cooperating with governments and entering into strategic companies with large companies. Emurgo specializes in implementing blockchains at companies and will therefore mainly focus on implementing the Cardano blockchain for companies that are interested in this.
In addition, the team works closely with the University of Edinburgh, the University of Athens and the University of Connecticut.

Smart contracts
The control layer is automated by smart contracts. Ethereum is the precursor here, but ADA states that it has put it in an even better way. Smart contracts make third parties superfluous when making secure transactions. This prevents extra costs. For the time being these are simple transactions. The future will show whether automatic complex transactions can also take place through smart contracts.

Cardano wallet: Daedalus (pilot)
Cardano has its own wallet that you can download from the cardano website.
You can use this wallet to receive, store and send ADA. It is important to note the recovery sentence (12 words) during the installation. This recovery sentence of 12 words is needed when you can not log in anymore: it serves as a kind of backup password.
The advantages of the daedalus wallet are:
insight into your transitions;
wallet can be exported to a paper version, for maximum security
possibility of importing ADA certificates (encrypted / unencrypted)
NB! In the future, they want to support all cryptocurrencies. And there will be support for iOS & Android.

Cardano's greatest benefits
Cardano claims to be unique, because the protocol is designed to meet the needs of regulators, while the privacy of its users is not compromised. All this would be in perfect balance.
Another advantage of ADA is that the protocol can be upgraded in such a way that 'soft forks' can take place. The advantage of a 'soft fork' is that only the majority of users must give permission for changing the protocol. This is in contrast to a 'hard fork', where everyone has to give permission. Soft forks are used to implement new and improved functionalities.
  • Safety
    As indicated above, the team's focus is on the security of the network. This safety has been tested and proven by many different researchers, professors and other academics.
  • Scalability
    Cardano, like for example Stratis, uses "side chains". These are blockchains that can exist alongside Cardano's main chain (and where other functions can be programmed), but also enjoy the safety of the main chain. In addition, the team has indicated that in the coming months they will mainly focus on making scalability as large as possible. At this moment the network can perform 15 transactions per second and with the current developments it will soon be possible to do 256 per second.
  • Adaptability
    Cardano is designed in such a way that it is very easy to adjust the crypto coin, which is a big advantage in this rapidly changing world. At Bitcoin you can see that it can cause quite a few problems if it takes two years (!) To solve a big problem. No hard forks (splits) need to be made at Cardano to improve the crypto coin, but soft forks can be used.
It is good to know that Cardano still has a long way to go, to catch up on the competition. At the moment they are in the top 10 on the basis of market cap. The future will show whether one can live up to its promises. They would be able to check coins like Ethereum and EOS. Cardano (ADA) seems to be a good currency with a bright future. Especially the fact that the former CEO of Ethereum is behind it, gives the cryptomunt a strong reputation. Yet it has to do with a lot of competitors trying to solve exactly the same problems in a more innovative way, such as EOS and IOTA. However, the biggest force behind the cryptocurrency is that they have already proven their technology and it is not only based on promises. This makes this crypto coin a safer investment than the two previously mentioned. In the case of Cardano, you invest not in promises, but in proven technology.
What is this thing that builds our dreams, yet slips away from us?

Sums it up nicely. Exactly why Cardano will be a huge success. Reviews, openness and super fast scalable transactions.
Cardano is the most promising 3 gen. crypto right now.

(2018-04-21, 04:30 PM)Carsten Wrote: Sums it up nicely. Exactly why Cardano will be a huge success.  Reviews, openness and super fast scalable transactions.

Can't wait to see that happen... I have plenty of it on my wallet... Wink
(2018-04-23, 05:12 PM)Cell Wrote:
(2018-04-21, 04:30 PM)Carsten Wrote: Sums it up nicely. Exactly why Cardano will be a huge success.  Reviews, openness and super fast scalable transactions.

Can't wait to see that happen... I have plenty of it on my wallet... Wink

Rest assured Cell. It will happen.
They still have a lot of work to do.
What is this thing that builds our dreams, yet slips away from us?

Where is best exchange to buy ADA?
(2018-04-24, 02:45 AM)cta102 Wrote: Where is best exchange to buy ADA?
What is this thing that builds our dreams, yet slips away from us?

Cardano is the most promising 3 gen. crypto right now.


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