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Author Topic: Cardano ADA | Decentralised public blockchain and cryptocurrency project  (Read 773 times)

secco

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    ICO_Reviews

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  • Re: Cardano ADA | Decentralised public blockchain and cryptocurrency project
    « Reply #1 on: January 30, 2018, 03:08:02 PM »
    CryptoRated released its Coin Analysis section. Here are the first reports:

    Ripple (XRP) - https://cryptorated.com/coin-analysis/ripple-coin-analysis/
    Cardano (ADA) - https://cryptorated.com/coin-analysis/cardano-ada/
    Tron (TRX) - https://cryptorated.com/coin-analysis/tron/
    RaiBlocks (XRB) - https://cryptorated.com/coin-analysis/raiblocks-xrb/

    Any feedback is welcome!
    CryptoRated provides unbiased ICO reviews through a community-governed objective analysis and rating system, allowing blockchain investors to better understand the ICO market @ cryptorated.com

    Pegasus

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    Charles Hoskinson, the creator of both Cardano (ADA) and an Ethereum co-founder, has recently seen his interview with Yahoo Finance get dropped over the initial public offering (IPO) of internet unicorn Lyft.

    The transportation company was valued at roughly $20.5 billion in its IPO, as its shares were offered at $72, instead of at $62 to $68 as it was originally planned. Despite the rise in the offering, investors still kept on buying and brought Lyft (ticker: LYFT) shares to an $88 high before they started correcting.

    Hoskinson, who was going to be interview by Yahoo Finance as part of broader tour on New York City, documented his experience on social media, revealed initially through a tweet he was about to go on the interview.

    Since Lyft’s shares started soaring, however, Yahoo Finance decided to drop his interview to keep on covering the IPO as it was the day’s hot topic. After revealing he was dropped Cardano’s founder tried to support him by claiming the cryptocurrency is superior to Lyft’s offering.

    Hoskinson revealed he had a bad experience with Yahoo Finance, as he claims the popular publication, as he claims the producers “didn’t seem to care and didn’t apologize for wasting our time.”

    Yahoo Finance data shows that Lyft’s shares have since their high dropped, although they closed on Friday at $78.6, meaning investors who got in at $72 are already in the green. The company, however, hasn’t been making a profit, which could mean the price may still drop.

    The S&P 500, the US stock market’s benchmark index, also went up this week, partly thanks to Lyft’s IPO. It closed at 2,834.4, up 0.67% for the day. ADA itself is currently trading at $0.07 after rising 0.8% in the last 24-hour period, according to CryptoCompare data.

    The cryptocurrency notably made headlines last week after its successful 1.5 upgrade saw the price of its token surge by 22%. Hoskinson has revealed, while speaking to Cheddar, that the crypto industry is still looking for a “Bluetooth or WiFi moment.”

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    Pegasus

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    Charles Hoskinson is on a charm offensive. In the run-up to this months’ summit in Miami, the IOHK founder is crisscrossing the world, from Africa to Athens and America. When I met him last week, he seemed to have spent more time in the air than he had on the ground.

    Although he was was eager to tell me about Cardano’s big milestones, and IOHK’s big blockchain projects in Ethiopia, I cut to the chase to ask the real question on everyone’s mind:

    Why does everything in Cardano have such a weird name?

    I’m not the only one asking this question, which has also been discussed on Reddit, Twitter, Steemit and throughout the crypto-verse. Hackernoon devoted an entire article to the various figures in the blockchain pantheon.

    Cardano isn’t alone in this regard: VeThor sounds like something out of the Marvel Universe, and some tokens seem to have gotten their names from a scrabble-bag. There’s a popular quiz circulating on social media to see if you can tell the difference between a Pokemon and a virtual currency.

    But Cardano stands out for its cumbersome and obscure names, and in the world of cryptocurrency, that’s saying a lot. Not to mention the difficulty it creates, for anyone trying to research the complexities of Orobo…. Ouroubor….. of the Cardano consensus mechanism.

    I’m not saying the Cardano team is nerdy, but they seem to make decisions using a twenty-sided die.

    “We’re now trapped.”

    Asked about the origins of the project’s nomenclature, Hoskinson responds as if he has heard these questions before.

    “If I hired a branding or marketing agency, they’d tell me ‘Oh God, what are you doing?’ Hoskinson chuckled. “They have those lists like memorability, pronunciation, ease to spell….every one of those categories we tend to fail.”

    Part of the trend started accidentally. “This is what happens when you have a chief scientist who’s Greek,” Hoskinson explained. “Aggelos Kiayias is from Athens, and he named Ouroboros. So for a wallet, we said let’s give it a Greek name—we used Daedalus, he’s the creator of the Labyrinth.”

    After that, one Greek name led to another. “We’re now trapped in that naming group,” Hoskinson said.

    While the milestones are largely Greek, development teams are named after famous mathematicians— Hoskinson rattles off a long list of mathematical luminaries, like a teenager reciting the latest pop stars. Other milestones come from his favorite poets.

    Most of them were chosen to make a point. Shelley, an upcoming milestone, was named for the author of Ozymandias, a parable of the futility of power.

     “Shelley is a reminder that everything you build has an impermanence about it,” he explains. “That’s the point of the financial system… No matter who’s in control or who has the power today, at some point in the future that’s all going to be ruins in the dust.”

    Incidentally, Percy Shelley’s literary stature has since been eclipsed by that of his wife, who has yet to be beatified in the Cardano Canon. That’s probably for the best; we can count ourselves lucky that the cryptocurrency was not named Frankenstein.

    “What are you, Stanley Kubrick?”

    However, Hoskinson did not fall into the same trap when it came to graphics. IOHK’s circuit-winged butterfly is a real pleasure, both to draw and to look at, and the project’s other logos show similar attention to detail.

    “My design director hates me,” Hoskinson admits. “We did over 240 iterations of one logo, again and again and again”— Hoskinson rapped the table emphatically. “He was so miserable, he said what are you, Stanley Kubrick?”

    But, Hoskinson, said, he insisted on getting the designs right. “If we don’t get this right, someone’s going to tattoo it on their ass and we’re going to own that for the rest of our lives,” Hoskinson told his designer.  “Guess what? It happened! And we were very glad that we did 240 iterations and didn’t permanently scar anyone’s skins.”

    For Hoskinson, this is a sign that Cardano is making headway when it comes to community growth. “You know you’re doing something right when people tattoo your logo on their back.”

    Asked which would be the worst logo to get as a tattoo, he mused: “Certainly EOS. Or BitConnect.”

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    Pegasus

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    Cardano, the cryptocurrency developed by Inside Outside Hong Kong (IOHK) and CEO Charles Hoskinson, has developed a significant amount of interest in the crypto space since breaking onto the market in November 2017.

    Not only in Hoskinson at the helm of a dedicated, talented team of cryptocurrency and blockchain developers, but he represents a long-standing figure in the industry, having co-founded Ethereum and a played a role in the early years of its meteoric rise. Now, through the Cardano protocol and ADA cryptocurrency, Hoskinson and his group at IOHK are seeking to improve upon the industry standards of network-based cryptos. As opposed to the trend of Proof of Work coins, modeled in the vein of Bitcoin, Litecoin and other industry mainstays, Cardano broke the industry mold to pursue Proof of Stake (PoS).

    Even Ethereum, second ranked cryptocurrency by market capitalization and industry leader in smart contracts and decentralized applications, has recognized the advantages of Proof of Stake and will be transitioning to the model in the coming year. Proof of Stake provides an improvement in the efficiency and energy cost of network maintenance, shunning the overworked, raw hash-rate generating power of Bitcoin and other PoW currencies.
    Cardano also provides a significant advantage over the market in the form of staking, one of the most interesting innovations to come out of Proof of Stake. While Proof of Work relies upon the computational power of numerous machines to verify and insure the security of network transactions, Proof of Stake relies upon the “staked” resources of investors and network users. ADA holders can pledge a certain amount of coins to staking through the Cardano wallet, which has the effect of increasing and improving the overall network services. Therefore, the utility of the network increases with the number of users willing to participate–a feature that could prove to be a substantial windfall in terms of efficiency if cryptocurrency adoption takes off.

    In return for staking coins, investors are rewarded with a dividend/interest paid in proportion to the resources they offer up. Last week, Coinbase Custody announced support for Tezos staking to institutional clients willing to store their XTZ through the exchange as opposed to individual wallets. The move represents a shift for crypto exchanges to both offering coin security to large capital investors, while allowing them to benefit from rewards like staking interesting.

    In addition, Coinbase has been tied to ADA since announcing the coin as one of five cryptocurrencies under evaluation for addition. Since that initial press release in mid-2018, the four other coins included have been added to the exchange.

    Following the most recent addition of XLM to Coinbase, only Cardano remains to be listed on the exchange, leading many investors to assume that a Coinbase/ADA pairing is forthcoming. While cryptocurrency just saw a massive rally that took Bitcoin above $5000 and generated double digit gains for most top cryptos, ADA outpaced the market, gaining 42 percent at the height of it run.

    ADA, as of writing, has started a retraction in price consistent with the broader market. But the most recent, massive gains for Cardano relative to other coins was likely driven by investors anticipating that Coinbase still has its target set on ADA.

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    secco

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  • Bitcoin Garden: Cardano Looks To Attract Big Investors With New Liquidity Service From Algoz
    https://bitcoingarden.org/cardano-looks-to-attract-big-investors-with-new-liquidity-service-from-algoz/

    The Cardano Foundation, one of the organizations behind the Cardano project and its ADA cryptocurrency, recently announced a partnership with Algoz for the provision of liquidity services, in a nod towards institutional investors.

    Algoz, a Fingenom Group company, is an industry-leading liquidity provider that helps to increase the depth of order books and decrease trading spreads, thus making it easier for large investors to enter the market while also preventing market manipulations.

    Cardano’s partnership with Algoz comes amid a resurgence in both Bitcoin price and market dominance. The price of BTC has skyrocketed from a low of roughly $3,600 in February 2019 to more than $10,000 in these days, a gain of more than 250% in just five short months.

    At the same time, Bitcoin market dominance is approaching its highest levels seen since December 2017. Bitcoin dominance, defined as the percentage of all crypto funds held in BTC versus all other crypto assets combined, typically has an inverse relationship with the price of smaller market cap coins. When BTC dominance goes up, alts go down, and vice versa....
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    larrysm0077

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    Re: Cardano ADA | Decentralised public blockchain and cryptocurrency project
    « Reply #6 on: December 31, 2019, 11:47:26 AM »
    The main emphasis in creating the Cardano platform and native coin was to ensure the maximum level of safety of data. At the same time, the developers have taken into account the needs of authorities. It resulted in the use of a protocol that can balance the requirements of all network participants. It also provides a systemically approach to the crypto conversion procedure. It also provides an innovative approach to the crypto conversion procedure. Cryptoknowmics are the first Cardano News provider.



    cryptoking

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    Cardano (ADA) Released Wallet Version 2020-5-6 - Local State Query Protocol

    New Features

    The cardano-wallet keys command-line interface supports hexadecimal and bech32 encodings.
    (Byron) Transaction protocol parameters are updated from the chain.

    Improvements

    For the cardano-wallet keys commands, key material is now provided on stdin.
    Initial work to retrieve stake pool metadata on Shelley.

    Source Code:
    Cryptoking
    BTC: 16xketUq2PjHuEnFFpWCxaymrozwMLMjuo
    ETH: 0xE6DBA365b77F2d8bA983a975Fa59c26acdb7a062

    robertsmark

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    Binance Announces Its Support for Cardano’s (ADA) Upgrade and Hard Fork

     

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