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Latest Crypto News

Author Topic: A Blockchain for the Next 100 Years  (Read 1609 times)

TI Naugs

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A Blockchain for the Next 100 Years
« on: September 06, 2019, 11:58:38 am »
Really enjoyed this (obviously Cardano supportive) article by Weiss Ratings (posted on twitter here https://twitter.com/WeissCrypto/status/1170002503401951232_

The article discusses how the Bitcoin and Ethereum have a purpose but even with recent developments are not accomplishing their grand goals.

"Bitcoin has managed to be successful using this approach. But only by confining itself to a single use-case: store of value, with some payment functionality sprinkled on top.

Ethereum has a much grander vision: an energy-efficient, fully decentralized ledger that can scale up to millions of transactions per second Ö and yet be so lightweight, it could run on a home PC.

The biggest dilemma: Developers have not yet figured out how to get Ethereum from where it is today ... to anywhere near its grand vision."

Cardano is building a blockchain that is future proof.  They have some big releases about to be released:

"A few weeks from now, ADA will hit the next phase of its long development roadmap, with the release of a testnet. This will allow public nodes to run the Cardano ledger in an environment that closely simulates reality. For the first time, independent validators will be able to run a beta version of the ADA ledger.

After this, staking will be allowed. This means small token-holders will be able to pool their resources to validate the Cardano ledger and earn the rewards for it. This will give people a convincing near-term reason to buy and hold ADA coins. And itís likely to breathe new life into ADA tokens."

Personally I love the project but in this space the waiting game is very difficult to stomach. Everything feels like it is moving so fast and the hype machine is still in full swing creating doubt around anything that doesn't hit the headlines, listings and partnerships week after week.

http://weisscrypto.com/en/article/cardano-the-true-potential-of-crypto-for-the-real-world

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CH-Admin

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Re: A Blockchain for the Next 100 Years
« Reply #1 on: September 06, 2019, 03:27:32 pm »
Really enjoyed this (obviously Cardano supportive) article by Weiss Ratings (posted on twitter here https://twitter.com/WeissCrypto/status/1170002503401951232_

The article discusses how the Bitcoin and Ethereum have a purpose but even with recent developments are not accomplishing their grand goals.

"Bitcoin has managed to be successful using this approach. But only by confining itself to a single use-case: store of value, with some payment functionality sprinkled on top.

Ethereum has a much grander vision: an energy-efficient, fully decentralized ledger that can scale up to millions of transactions per second Ö and yet be so lightweight, it could run on a home PC.

The biggest dilemma: Developers have not yet figured out how to get Ethereum from where it is today ... to anywhere near its grand vision."

Cardano is building a blockchain that is future proof.  They have some big releases about to be released:

"A few weeks from now, ADA will hit the next phase of its long development roadmap, with the release of a testnet. This will allow public nodes to run the Cardano ledger in an environment that closely simulates reality. For the first time, independent validators will be able to run a beta version of the ADA ledger.

After this, staking will be allowed. This means small token-holders will be able to pool their resources to validate the Cardano ledger and earn the rewards for it. This will give people a convincing near-term reason to buy and hold ADA coins. And itís likely to breathe new life into ADA tokens."

Personally I love the project but in this space the waiting game is very difficult to stomach. Everything feels like it is moving so fast and the hype machine is still in full swing creating doubt around anything that doesn't hit the headlines, listings and partnerships week after week.

http://weisscrypto.com/en/article/cardano-the-true-potential-of-crypto-for-the-real-world

I have big faith in Cardano. Stellar team of academics and computer science wizards. Rock solid technology. Real life applications and use cases. Big progress this September with the imminent release of Shelley. Founder of ADA is co-founder of ETH, he knows what ethereum lacks and working hard on fixing it in Cardano. No doubt one of my all time favorite coins!
Cryptocurrency Hub Admin

 

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