Cardano (ADA) cryptocurrency has gained a lot of steem recently and a natural question is of course what it is and what's special about Cardano. That is exactly what we are talking about today. What do you think about Cardano ADA guys? Leave your comments below!
https://www.youtube.com/watch?v=58WwbOB9POE
https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/Steemit-Flash-Steemit.gif
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Ivan on Tech by Ivan Liljeqvist
Thanks did a great explanation in Cardano from a technical perspective. Being a programmer myself, it's great to see someone explain something so complex in a simple, direct matter.
I think that Cardano has a great future ahead. The fact that it runs and allows dapps to be built using functional programming languages!
Thanks for the great video, keep them up and I'll be following them as you continue to grow on Steemit and YouTube!
The platform also uses Haskell, a programming language with high fault tolerance. It is important to give flexibility to projects because of the relatively unknown future and complexity of block-based systems. It is almost impossible to know what a system might be in months or even years, so it is important to have a sound language like Haskell.
Unlike some other crypto money projects, Cardano's goal is not to overturn the entire financial system. Their aim is to use block-chain technology, especially in developing countries where banking systems are expensive. @ivanli @thejohalfiles
@marc99 | Jan. 10, 2018, 5:59 p.m. | Votes: 11 | [
VOTE ]
Cardano mainly copied dPoS from EOS, Steem and Bitshares. Check @dan's post on the subject. The few minor changes they made actually make the coin worse. That's all according to @dan, not my opinion.
And I believe @dan because he is a very big figure in cryptocurrencies, who created Steem, and EOS.
Well they have centralized mainet and a working wallet. A lot of other projects only have ERC20 tokens like EOS, VeChain,... and of course no wallet. But they have an easy solution, use ERC20 wallet... The problem here will be when transitioning to their own mainnet there will be lots of exchange, wallet issues. But then again Cardano has some of this issues now. I would say that in this sense Cardano has a big head start here.
Full disclosure I own all this coins.
At this point in time, the coin is simply vaporware. The mainnet is more of a litenet than anything, as none of the planned features are currently in place. In comparison to its competitors such as ETH, IOTA, NEO, and WAVES, ADA is seriously lacking in terms of framework @ivanli @thejohalfiles
Every day we see a new platform claiming theoretically it is the best or etherium killer . Cardano, EOS,, Aesf, raiblock, many and many to mention or even to remember. I wouldsay first there is a difference between theoretical claim and achieving this in reality. No one knows which platform will win more or which will die by time or newer technology. But eventually , and for sure, unleashing the minds freedom of the impossibilities to become true has and will become the biggest winner.
@vnyrox | Jan. 10, 2018, 6:03 p.m. | Votes: 5 | [
VOTE ]
Well as far as i know Cardano is the first protocol to incorporate Ouroboros, the ground breaking proof of stake algorithm. The IOHK team employed a “first-principles” approach, driven by peer-reviewed academic research to build Cardano from the ground up.
This uniquely collaborative effort steadily constructed the most precisely engineered cryptocurrency yet, a product that brings together such disciplines as distributed systems, mechanism design and cryptography. The result is the first cryptocurrency to be based in Haskell code, an industrial strength product that delivers the resilience necessary for mission-critical systems, in this case, securing investment.
Thanks for the review, learned a lot from it.
Didn't heared for long the functional vs imperative languages haha
I would be glad if you can go even dipper, because it was really on the surface lecture.
But it sounds like Cardano have its place in the battle for giants, yet @dan arguments are tough, and I would go with EOS long term...
I would suggest for the viewers also reading this ->
https://steemit.com/cardamon/@dan/peer-review-of-cardano-s-ouroboros
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While all other currencies are like rockets aiming to land at Moon, Cardano is a space ship which can travel at lightning speed to new worlds.
What I like about Cardano is that the methodologies will be peer reviewed. Ouroboros was accepted at Santa Barbara Crypto Conference. We live in Trump's era, where everything needs to be fact checked.
The code will be done in Haskell which is functional programming language and hence easier to related to the math proofs. The code will be audited by third party.
It covers mainly three aspects - Scalability, Interoperability(much need due to backlash by govt. regulators) and Sustainability.