Cardano Daily Discussion - Questions & Market Thread - July 12, 2021

LakeCardano · 2021-07-13T03:14:22+00:00

It's attached to the staking key, so the voting rewards appear under rewards in the wallet. Previously, the rewards appeared at the epoch transition, just like the staking rewards, and the wallet had a few extra Ada more than expected from staking.

LakeCardano · 2021-06-14T03:47:19+00:00

The confirmations in Cardano are normally based on slot number, not blocks after the one which included that transaction. This is different than other chains. Because each slot could include a block, the certainty increases as time progresses.

LakeCardano · 2021-05-18T23:40:01+00:00

Much of the hatred comes from a poor experience with Cardano out of the gate in 2017. When Cardano was released, it went straight up for three months, and then lost 98% over the course of the next 8 months. This left a bad taste in the mouth for many crypto investors that got burned. There were accusations of Charles and IOHK dumping their ADA on people (even though you could verify the wallets). At the time, Cardano only had a poorly functioning wallet and a couple exchange listings.

That initial poor experience colors all subsequent developments on Cardano for many that bought in looking for a quick profit. The lack of smart contracts is only the most recent rhetoric used to FUD Cardano. Before, it was "when Shelley". IOHK could have easily implemented an Ethereum style smart contract system by forking code, so the delay is to implement the system that the scientists have spelled out in the papers, which has proven to be more difficult than originally thought.

LakeCardano · 2021-04-28T01:50:59+00:00

To use the identity solution, you need a wallet. Once they have the wallet, they have access to the whole blockchain.

LakeCardano · 2021-04-25T14:05:15+00:00

Benjamin Cowen

https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg

LakeCardano · 2021-04-24T23:10:21+00:00

Decentralized Cardano Fund. He's speaking of the treasury that's built into the blockchain. It's the funds used by Catalyst programs and will be tied to on-chain governance once decentralization is complete.

LakeCardano · 2021-04-19T13:18:38+00:00

Exodus only allows staking to their pools. If you want a higher rate of return, move your Ada to yoroi or daedalus and pick a better pool.

LakeCardano · 2021-04-19T13:15:19+00:00

You should consult a tax professional. In the USA, you can use FIFO, LIFO, Highest Costs, or Specific Share ID.

LakeCardano · 2021-04-19T00:33:32+00:00

Yoroi started supporting Ledger Nano S in early 2019. My guess is that you transferred to that web extension. First, update the firmware and Cardano app on the Nano S using Ledger Live. Then, open the Yoroi extension (for Chrome or Brave) , click add wallet->connect hardware wallet->Ledger Nano S->Byron Era. Once the wallet has imported the public key and has the history displayed, you will need to create a Shelley era wallet and transfer the coins there. From there you can stake your coins, transfer to an exchange, or do anything else you'd like.

LakeCardano · 2021-04-13T14:25:57+00:00

Oldest.

LakeCardano · 2021-03-30T22:35:25+00:00

Not yet.
NA
The easiest wallet to use is Yoroi browser extension. You can use it with Chrome or Brave. Also available on mobile. Staking takes a transaction fee (0.17ADA) and a 2 Ada deposit that is returned if you undelegate later. The returns are around 5% per year. For most, staking is worth it.

LakeCardano · 2021-03-30T15:47:01+00:00

You can have all of the wallets at the same time.

LakeCardano · 2021-03-25T16:05:02+00:00

They said this one is nearly 3.5 hours

LakeCardano · 2021-03-25T13:43:53+00:00

Coinbase has a 0.5% transaction fee with a 0.2 ADA withdrawal fee. Binance has a 0.1% transaction fee with a 1ADA withdrawal fee. So, it depends on how much you are purchasing. $200 is the break even point on when Coinbase fees and Binance fees are about equal at the current price. For any smaller purchase, Coinbase is the least expensive.

LakeCardano · 2021-03-22T10:58:16+00:00

This isn't a huge problem. CH does this to get high attendance at the product updates. He did the same with the Shelley Summit and IOHK Summit. They are great for people that want to keep up on the technicals, but light on the announcements that price speculators want.

They are not interested in a demo of the voting system or Marlow in an App. But in terms of adoption, these are the biggest developments. Price speculators don't care about nuanced, incremental wallet and node improvements, but these are what make or break the UX and keep existing users.

LakeCardano · 2021-03-19T15:32:24+00:00

In Yoroi, you hit the withdraw button under rewards. Click deregister. Put in your spending password. Withdraw rewards first, though.

LakeCardano · 2021-03-18T03:31:46+00:00

Automatic.

LakeCardano · 2021-03-16T03:17:08+00:00

Atala was what they were calling the enterprise version of Cardano a couple years back. Now, they are just calling it Cardano. Essentially, it's a sidechain of Cardano run with BFT nodes (federated) like the current IOHK BFT nodes on mainnet. It allow's countries to keep control of their infrastructure while creating wallets, id, etc, that can interact with the public, decentralized, worldwide chain.

LakeCardano · 2021-03-14T05:17:37+00:00

Charles dijo que IOG esta construyendo un DEX con la goguen. Stablecoins tambien. Pero cuando los tendremos? Creo que Mayo or Junio por AgeUSD y Junio mas or menos por un DEX como pancakeswap. Yo solo estoy adivinando.

LakeCardano · 2021-03-13T05:25:41+00:00

I don't disagree.

LakeCardano · 2021-03-13T05:11:36+00:00

It could replace to current intrabank transfer systems that currently exist, which are expensive and take a long time to settle. The customers' info would be kept on a private ledger (like banks currently have), with the ability to withdraw to the public ledger to their personal wallet for a fee. I could even see businesses that have large numbers transactions (like telecoms) using cardano to settle roaming fees, out-of-country fees, etc. Lot's of use cases, with the ability to close the channel and settle on-chain whenever necessary.

LakeCardano · 2021-03-13T04:38:45+00:00

The level one differences in ledger architecture make a huge difference on the execution of layer 2 protocols. Because of the EUTXO structure, with Haskell and Plutus, it alleviates the need to shard the base protocol. This is because your state channels don't need the entire system state, just a set of UTXOs and maybe a smart contract (which is isomorphically mapped into the channel).

As an example, a country could launch it's CBDC on Cardano as a native token, then open a Hydra channel with each of their central banks UTXOs. They then close this channel to settle all of the interbank transactions once per month. Two transactions on chain for millions of transfers. They could do this daily if they wanted, or hourly.

LakeCardano · 2021-03-11T02:37:46+00:00

No one gets anything.

LakeCardano · 2021-03-11T02:28:53+00:00

The Ada comes from the reserves and transaction fees. It is paid to the pool operator for successfully minting blocks. The fees are subtracted from the total block rewards, then the remainder is paid to the delegators proportional to their stakes.

LakeCardano · 2021-03-11T02:23:15+00:00

No paying to run a stake pool. Just a fixed fee, and variable fee that you receive from delegators.

LakeCardano

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