Home Blockchain Community Inspired Educational Super Thread on Cardano (ADA)

Community Inspired Educational Super Thread on Cardano (ADA)

cardano ada

For those who missed the Community Inspired Super Thread on Cardano here it goes as is:

The Cardano Trinity: Cardano Stiftung Oversees and supervises the development of the ecosystem; drives adoption, shapes governance, sets commercial standards and supports the community of Cardano users.

InputOutputHK is the Tech and Engineering division which designs and maintains the Cardano platform. Committed to innovation through peer-to-peer scientific review with highest standards of assurance in software development.

Emurgo_io is the Enterprise arm of Cardano boosting the platform through commercial ventures. EMURGO develops, supports, and incubates commercial opportunities into our decentralized blockchain ecosystem.

The Academic foundations have 100+ peer-reviewed white papers and counting. Several global organizations are using those papers to drive conversations around decentralized infrastructure.

Environmentally-friendly Blockchain because of proof of stake.  Nodes can be operated on Raspberry Pi. In theory, achieving more than four-million times the energy efficiency compared to proof of work, like Bitcoin.

Fully decentralized: Since March 2021, 100% of all block production on Cardano has been handled by community-driven stake pools.

Predictable: Fees required for a valid transaction can be predicted precisely prior to posting it. One of the biggest objections against blockchain is that fees for other industry-standard protocols vary and can be higher than what’s being sent.

Secure: Whenever a behavior can be predicted, it can be exploited. Cardano generates unbiased randomness in the protocol’s leader selection algorithm, preventing the formation of patterns.

The native tokens use the same underlying token logic as the Cardano ledger. This means they don’t use smart contracts, and are not vulnerable to smart contract exploits like ERC-20 + others.

Unique solutions: Project Catalyst is the biggest decentralized funding platform worldwide. Over $1m available each round to devs and teams building on Cardano.

Socially conscious: Money isn’t everything, but it can help change lives. US$500,000,000 worth of ada is currently being delegated to charity-focused initiatives on Cardano through mission-driven stake pools.

Save the Children can now receive and hold ADA donations without the necessity to first convert into fiat currencies. Since this announcement, a further US$270 million has flowed to mission driven pools.

Continually evolving, unlike traditional software and systems, Cardano can be upgraded and improved at regular intervals without the disruption synonymous with changes and maintenance.

Open communication because Cardano isn’t just open with code.  They share how they are building it. It is worth watch the recent Cardano360 update from the team at InputOutputHK to know that they are open not only about code but about every happening in the community.

In terms of Compliance and regulation: Decentralized IDs [DIDs] are helping entire countries and governments to provide citizens with identities they didn’t have before.

Read more about:
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.