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.

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In this keynote from Rooted in Research: Pushing the Boundaries of Blockchain Technology in Tokyo, Charles Hoskinson reflects on 10 years of groundbreaking research in blockchain and distributed systems. He discusses key achievements, ongoing challenges, and the future direction of research in the industry. After his keynote, Charles answers questions from the audience.

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The making of the Hydra Doom experience.

I find it fascinating that Doom’s “determinism” (identical inputs will produce identical results in the gameplay) makes it possible to encode entire playstreams on-chain and have each of them compete against each other. Detractors of Cardano may accuse it of being relatively slow due to its high security on layer 1 compared to Solana, but layer 2’s like Hydra make that decision to prioritize determinism and statelessness look visionary when the roadmap is unfolded. Extended UTXO is paying off when it comes to parallelism.

Hats off to the Hydra team!

Ps. Yes. Technically I know it is not running Doom. Nonetheless this is a great demonstration of the power of the Hydra zk roll up tech.

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"This exercise of consensus building is one of the hidden superpowers and the biggest competitive advantages that Cardano has."

  • Charles Hoskinson, CEO, Input | Output

Watch the replay of 'Reflecting on Cardano's Growth:

A Fireside Chat with Input | Output & the Cardano Foundation' from Rare Evo 2024. Thank you to Charles, J.J. Siler, Chief of Staff, Input | Output and Giorgio Zinetti, CTO at Cardano Foundation for their engaging discussion at #RareEvo24.

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Since it was founded in 2015, Input Output | Global has been at the forefront of blockchain innovation, delivering groundbreaking solutions firmly rooted in peer-reviewed academic research. By collaborating with the brightest minds from the world's leading research institutes, Input | Output has made it its ongoing mission to develop robust, real-world solutions built upon the most solidly researched academic foundations.

In celebration of our longstanding research partnership with the world-renowned Tokyo Institute of Technology, IO is hosting a symposium of leading minds from across the blockchain and academic spaces to unlock the future of research in our industry.

skip to 19:00 and miss nothing

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Decentralized governance starts now! First!

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cross-posted from: https://infosec.pub/post/16852127

In this enlightening keynote session from #RareEvo24, Midnight CEO Eran Barak explores the critical role of advanced data protection solutions in accelerating the adoption of #Web3 technologies.

Discover how safeguarding privacy and enhancing security can remove barriers and unlock the full potential of decentralized applications and platforms.

Whether you're a developer, entrepreneur, or blockchain enthusiast, this session offers valuable insights into the future of Web3 and the pivotal role that data protection will play in its success.

Learn more about Midnight: https://midnight.network/

Are you a builder? 🛠️ Join the Midnight Network Discord: / discord
Follow Midnight on X: https://x.com/MidnightNtwrk Follow Midnight on Telegram: @Midnight_Network_Official

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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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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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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://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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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: individuodigital@protonmail.com

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Markets are crashing. TD ameritrade locked all customers out of their accounts presumably to stop the bleeding. I’m literally watching myself lose thousands because of it. THIS is why I want decentralized finance.

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Regardless of my distaste for Trump, I wanted to share this (for the same reason that Charles thought it was significant enough to do his first-ever reaction video) since it is significant in that it is the only time an ex-president has spoken at a Bitcoin conference.

I had avoided sharing this video because I thought it was going to be Charles praising Trump. But, he's actually endorsing Kennedy and had LOTS of critical words for Trump. Trump was predictably off-topic for most of his speech. He basically just name-dropped and rambled on topics that aren't even remotely related to BTC for twenty straight minutes. The speech was unbelievably bad until he started pandering to his audience about firing Gary Genseler, won Charles over a tiny bit with those words.

We also got see Charles being a goofy dork while he waited for the speech to start, overdubbing the pundits with his own brand of absurd humor.

TLDR; Charles says that Kennedy is the best candidate for the crypto industry and that he actually has a brain and is a "thinking man" despite reports that he literally had a worm eating parts of his brain for years before he found out.

Personally, I won't even cast a vote in this sham election. I have no dog in the race and sane, common sense leftist perspectives are literally unrepresented in American political theater and will continue to be until they tear it all down and start with a new constitution.

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Roadmap and Polarization

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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/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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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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Ouroboros Leios

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Roger Ver (www.youtube.com)
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On Pragma (www.youtube.com)
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