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Charles Hoskinson WhiteBoard DApps and Development: To get a better idea of Cardano with a development experience, it is good start off with the introduction to DOCs with Cardano.org. The Doc consists of a whole area about Plutus, Rosetta and about the components about native tokens and so forth. The ledger model, how Plutus works and more.
UTXO Versus Account based smart contract blockchain paradigms, which is basically a comparison contrast to what people are used to in the Ethereum World Versus what people are doing now in the Cardano world with extended details.
Abstract: “We implement two versions of a simple but illustrative smart contract: one in Solidity on the Ethereum blockchain platform, and one in Plutus on the Cardano platform, with annotated code excerpts and with source code attached. We get a clearer view of the Cardano programming model in particular by introducing a novel mathematical abstraction which we call Idealised EUTxO. For each version of the contract, we trace how the architectures of the underlying platforms and their mathematics affects the natural programming styles and natural classes of errors. We prove some simple but novel results about alpha-conversion and observational equivalence for Cardano, and explain why Ethereum does not have them. We conclude with a wide-ranging and detailed discussion in the light of the examples, mathematical model and mathematical results so far.”
Paper concludes stating, We have seen that Ethereum is an accounts-based blockchain stem whereas Cardano (like Bitcoin) is UTXO-based.
(Those who loves papers and academics will find this paper a worthy entry point in terms of development.) Those who want to know more might want to check the full whiteboard video.
Community Reaction: 2022 is going to be the year of Cardano in crypto. Just you watch. It out-performed Ethereum and BTC last year and this year it will really show what it’s capable of. All our Dapps are coming online. Defi, Real fi, ERC-20 Converter and eventually Hydra.
It looks like we have been enjoying 6 years of casino psychology.
I’m sure that none of your advocates have any interest in the price of ADA. I am so glad that it is at the same level that it was in February of last year. That’s progress for you?
Did you know: Every whiteboard video Charles does adds $0.2 to the ADA floor?
ADA will always be bullish. Those that build on it understand what the future can be. Ignore the current price and fud. Think long term and you’ll always become richer. Many want the money right now, but you can have it in the future if you simply buy, stake and watch.
