Cardano

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Welcome to Cardano!

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.

Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson. The project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. When launched in 2017, it was the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols. On this community you can learn more about the project, understand its great potential and engage in the worldwide Cardano community!

**Governance: ** Cardano is controlled by three entities:

Cardano Foundation: aims to standardize and promote the ecosystem (based in Switzerland). As of 2021, Frederik Gregaard is known to be the CEO of the Cardano Foundation.

IOHK: an engineering company responsible for building the Cardano blockchain.

Emurgo: responsible for commercial applications, based in Japan.

The platform is named after Italian mathematician Gerolamo Cardano, while the cryptocurrency itself is named after the English mathematician Ada Lovelace. The Ada sub-unit is the Lovelace; one Ada = 1,000,000 Lovelaces. Cardano differentiates itself from many other cryptocurrencies by focusing on scientific research and working together with universities.

Technical design:

Atypically, Cardano does not have a white paper. Instead, it uses design principles intended to overcome issues faced by earlier cryptocurrencies such as scalability, interoperability, and regulatory compliance. Cardano claims that it overcomes problems found in other cryptocurrencies: mainly that Bitcoin is too slow and inflexible, and that Ethereum is not safe or scalable. Like Bitcoin, Cardano uses a UTXO ledger model, though it is an extended version (EUTXO) to facilitate smart contracts and scripting languages.

Cardano uses a proof-of-stake (PoS) protocol named Ouroboros; this is in contrast to Bitcoin and Ethereum, which use proof-of-work protocols (though the latter switched over in 2022). Proof-of-stake blockchains use far less energy than proof-of-work chains. This is achieved by eliminating the computing resources that a proof of work algorithm requires. In February 2021, Hoskinson estimated the Cardano network used 6 GWh annually, less than 0.01% of the 110.53 TWh used by the Bitcoin network as calculated by the University of Cambridge.

Within the Cardano platform, Ada exists on the settlement layer. This layer is similar to Bitcoin and keeps track of transactions. The second layer is the computation layer and is designed to be similar to Ethereum, enabling smart contracts and applications to run on the platform.

The cryptocurrency Ada (ADA) can be stored on Cardano's native digital wallet named "Daedalus". The wallet downloads a full copy of the entire Cardano blockchain transaction history. Users face the risk of losing access to funds if the wallet's seed phrase is lost or stolen. The review in Investopedia highlighted the wallet's security and noted the lack of: mobile support, support for other tokens, and "onramp" to purchase assets with money.

Development phases of Cardano, or "eras", are named after notable figures in poetry and computer science: Byron, Shelley, Goguen, Basho and Voltaire. The first three stages implemented a basic blockchain, and then implemented decentralization and smart contracts. The Basho era focuses on scaling the blockchain. Voltaire, the final era, adds voting and treasury management functionality to the blockchain.

Once Voltaire is complete IOHK has said it plans to release the development of the network entirely to the community.

As with other proof-of-stake cryptocurrencies, Cardano offers "staking", which allows token holders to set-aside (delegate) tokens to potentially "validate" transactions on the same blockchain. The quantity of tokens staked corresponds with the likelihood of being chosen to validate a transaction, and thus be rewarded by the algorithm with more of the same token. Cardano's Daedalus wallet allows for staking. For Cardano, users participate in "staking pools" with other token-holders.

founded 1 year ago
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cross-posted from: https://infosec.pub/post/16504027

In this episode of #Unshielded: A Blockchain & Data Podcast by Midnight, host Anthony Day connects with Kevin Millikin, Principal Architect for Midnight.

Join them as they discuss:

👉 An under-the-hood look at Compact as a programming language 👉 Why Midnight needs its own language, and the importance of great developer experience. Kevin highlights the differences in working with Blockchain technology 👉 A live #demo of Compact language by showcasing the code for a bulletin board app 👉 Compact roadmap: Aligning more closely with TypeScript 👉 Why developers need to join the Midnight Discord channel 👉 The need to innovate in decentralized applications

Kevin Millikin is a seasoned software architect specializing in programming language design and implementation. Currently, at Midnight, he is instrumental in developing a cutting-edge data protection blockchain platform. This innovative platform leverages zero-knowledge (ZK) proofs to ensure secure computations while maintaining privacy. Kevin's work focuses on designing a domain-specific language (DSL) for smart contracts, creating a compiler targeting JavaScript, and developing a custom virtual machine runtime for on-chain computations. His expertise extends to building support libraries, developer tools, and the overall architecture that drives this privacy-focused blockchain solution.

Kevin has also worked at Google and Deep Mind and, while there, worked on an experimental Python optimizing JIT compiler using the CPython interpreter and runtime. This was open-sourced as S6 (https://github.com/google-deepmind/s6). He also worked on Alphabet-internal Python development tools, including Python static typing and static analysis of Python programs.

📲 Kevin on LinkedIn: www.linkedin.com/in/kevin-millikin-89a235/

⭐️ If you enjoyed this episode, make sure to subscribe, rate, and review it on Apple Podcasts, Spotify, and Google Podcasts. Instructions on how to do this are here: https://www.fame.so/follow-rate-review ⭐️

Episode Highlights: [00:00:00] An under-the-hood look at Compact as a programming language [00:01:13] Why Midnight needs its own language, and the importance of great developer experience [00:04:15] Kevin highlights the differences in working with Blockchain technology [00:07:42] A live demo of Compact language [00:12:25] Compact roadmap: aligning more closely with TypeScript [00:16:38] Kevin encourages developers to join the Midnight Community [00:19:10] The need to innovate in decentralized applications (DApps)

To learn more about the Midnight Network, visit the website at https://midnight.network/

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cross-posted from: https://infosec.pub/post/16334087

Charles and company made a PGP-encrypted paper wallet. He is calling it the most secure paper wallet in the entire crypto space.

To put his money where his mouth is, anyone who hacks it can keep keep the cash ($1 million dollars worth of USDM) if you can hack it.

Good luck everyone!

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cross-posted from: https://zeal.center/users/wizard/statuses/112972902941879498

Elizabeth Warren continues to push Chokepoint 2.0

Great podcast with Caitlin Long, describing how the backroom pressure from Warren-ites keeps the federal regulators against the #crypto industry.

The hypocrisy of Warren pontificating against big banks while defending their hegemony behind close doors is appalling.

https://unchainedcrypto.com/caitlin-long-on-why-the-feds-rejections-of-custodia-bank-seem-politically-motivated/

@cryptocurrency

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cross-posted from: https://infosec.pub/post/16308215

Join us for a lively dicussion between Charles Hoskinson, J.J. Siler, Tim Harrison and more from the Cardano community.

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cross-posted from: https://infosec.pub/post/16199574

Check our project to create the Cardano Documentary!: https://cardano.ideascale.com/c/idea/...

Highlight from the ALBA (AdaLabs for Blockchain Applications) Graduation Ceremony, featured in the ongoing documentary that tells the story of Cardano and its impact on the #Cardano developer ecosystem. This documentary connects the stories of the community and shares them with the world.

If you want to support this content, you can purchase a collectible NFT of the original music from this video: https://recordstore.newm.io/collectio...

Or sending $ADA: addr1qyvlsz0fh839ufeu4373jg5d9tnpk660dj8qjzdrtqyrvgpff9wwzrqxuzxvymdw0w9askvs00nvqe9j8geq5sqy3uss8pqc62

https://cardanofoundation.org/blog/ca... https://x.com/ADALABS_

#iog #cardanofoundation #utnba #elcardumen

The Cardano community through his developers is transforming the world and yet the world is still largely unaware. Much of the work we are doing is still unseen outside of the Cardano community.

La comunidad de Cardano, a través de sus desarrolladores, está transformando el mundo y, sin embargo, el mundo todavía no es consciente de ello. Gran parte del trabajo que estamos haciendo todavía no se ve fuera de la comunidad de Cardano.

Pool: [CHIL] Chile_Stake_po www.chilestakepo.cl #Chil

Twitter: / indi_gital

Facebook: / individuodigital

Instagram: / individuodigital

Twitch: / individuodigital

Telegram: https://t.me/chilestakepo

E-Mail: [email protected]

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cross-posted from: https://infosec.pub/post/14367925

Roadmap and Polarization

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cross-posted from: https://infosec.pub/post/14307779

In this video, Michael Madoff, Group Product Manager for Governance at IOG explains Cardano’s governance system and in particular the role of the Constitutional Committee.

Decentralized governance and decision-making are crucial to ensuring that everyone has a voice and control over the Cardano protocol's future development. The Cardano governance model reflects this by demonstrating the achievability of liquid and representative democracy through individual participation and immutable vote recording. ADA holders can decide on treasury fund distribution and the platform's future development. So, as a community, how can we work together to outline policies and guidelines for the future development of Cardano and ensure that everyone has a say?

Cardano governance has a clear roadmap to bring the Cardano community through this whole process. The Cardano Constitution defines the policies and rules to enable sustainable growth of Cardano's ecosystem to ensure fair participation, protection, and a foundation to meet current and future demands.

Understand the role of the Constitutional Committee, the stages involved, how the constitution will be ratified, Cardano Improvement Proposal (CIP) 1694, on-chain governance features, expansion of governance capabilities, the roles of DReps and ADA holders, and more.

Learn more here: https://intersectmbo.org/governance

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cross-posted from: https://infosec.pub/post/12995894

Run for the ICC

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cross-posted from: https://infosec.pub/post/12751916

A regulation-friendly data protection blockchain and easy-to-use platform for developing and running decentralized applications is being released to the world.

Midnight provides the tools to build regulation-compliant DApps that use innovative features. But Midnight is more than just technology. Its creators are bringing together industry leaders, developers, content creators, and organizations who want to promote responsible data management worldwide.

Midnight CEO, Eran Barak, shares this vision at Cardano Summit 2023.

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On Pragma (www.youtube.com)
submitted 4 months ago by [email protected] to c/[email protected]
 
 

cross-posted from: https://infosec.pub/post/11413927

On Pragma

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cross-posted from: https://infosec.pub/post/11158465

The True Cost of Regulation

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cross-posted from: https://infosec.pub/post/10789406

Charles Debunking some Hydra Misinformation

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cross-posted from: https://infosec.pub/post/10646351

Voting and Identity

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Sketchy Daedalus Turbo (www.youtube.com)
submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
 
 

cross-posted from: https://infosec.pub/post/9729859

Daedalus Turbo

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cross-posted from: https://infosec.pub/post/9673488

Metatransactions

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cross-posted from: https://infosec.pub/post/8393730

State of Cardano Q4 2023

Key Insights:

  • Cardano’s TVL increased 166% QoQ and 693% YoY. Cardano’s TVL ranking increased from 34th at the beginning of 2023 to 11th.

  • Cardano’s stablecoin value increased 37% QoQ and 673% YoY. iUSD remained the market cap leader, but alternative solutions such as USDM are approaching mainnet.

  • ADA’s price increased 127.2% QoQ, outpacing the overall crypto market’s increase of 53.8%.

  • The specifications for Midnight were released, such as the use of Substrate. Midnight is a data-protection-focused partner chain/sidechain.

  • Core infrastructure — such as SanchoNet, Hydra, and Mithril — continued development and testing.

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Today's rant about the backwards, fearful institutions that are throwing a wrench in the spokes of algo-stablecoin innovation.

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cross-posted from: https://infosec.pub/post/6367691

Join us for a year-end celebration on Essential Cardano 360!

As 2023 comes to a close, we're taking a journey through some of the highlights that made this year truly remarkable for the Cardano ecosystem.

From the groundbreaking research at IOG to the launch of transformative projects from an array of builders, Cardano has seen unprecedented growth and success throughout the year. We'll be revisiting key moments, acknowledging the contributions of the Cardano community, and highlighting the achievements that shaped the age of Voltaire.

From Valentine Upgrade, Wanchain's launch of the first cross-chain bridge, and global CIP-1694 workshops to Rare Evo, Cardano Summit and recent Cardano Ballot - let’s relive it all.

As we bid farewell to 2023, we're excited about what the future holds for Cardano. From governance advancements to technological developments, the journey continues. We extend our gratitude to the Cardano360 show viewers, contributors, and the entire Cardano community for your support. Wishing everyone happy holidays from the IOG team! 🎉

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cross-posted from: https://infosec.pub/post/5144121

“This is the first major milestone in a series of iterations that’s going to evolve and grow Midnight from testnet to mainnet. What’s really exciting is we are at a point that we can have a frank conversation about the development model of Midnight. This is just the beginning.”

– Charles Hoskinson, CEO, IOG

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cross-posted from: https://infosec.pub/post/3778718

Discussions have started regarding extending lemmy's stack to serve our purposes for a decentralized, immutable, auditable forum for official governance discussion.

I'd love it if everyone could chime in on this topic.

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cross-posted from: https://infosec.pub/post/1264068

From all technical points of view, the network works perfectly.

I've attached some interesting graphs to prove it. More info: https://cexplorer.io/

block filling / capacity block filling / capacity

TPS progress and potential cap with same tx structure TPS progress and potential cap with same tx structure

x-posted from Reddit.

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cross-posted from: https://lemmy.world/post/2090565

In this very first episode of Mindplex Community Podcast, Dr. Mihaela Ulieru is joined by none other than Cardano's visionary founder, and CEO of IOG, Charles Hoskinson, to explore his dreams for the world, for Cardano, and for himself.

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Could this be a potential instance operator stake pool tie-in?!?! That would be an excellent application for increasing the revenue of the instance operators and it would also force each instance to become more reliable.

This prospect obviously excites me but I do remember a recent argument I read about the Cobra Effect. A game-theoretically designed voting reward/punishment system based on real-life rewards would have a massive effect on current dynamics of interaction. It would also help regular people earn money from creating decentralized community that is free from advertising influence.

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