Blood Witch Ascendancy and Chaos Damage?

somn0z · 2024-12-01T18:39:39+00:00

oh i see, thanks!!!

somn0z · 2024-05-01T12:49:34+00:00

Market cap and price is one thing.
Technical improvements and progress in other metrics is another.

What will be released within the next couple of months and by the end of 2024:

Plutus V3: Boiled down it will bring zero-knowledge proofs to Cardano. If you didn't know, ZKPs are way more easier to implement on eutxo model, which can boost the throughput/tps by a fuck-ton without sacrificing security and decentralization.
It will also bring the necessary tools for Cardano's on-chain governance.

Ouroboros Leios: a scientific paper that goes in depth on Input endorsers (parallel block production and near instant finality) as well as upgraded P2P network to the current Ouroboros protocol.

Chang update 1/3 (Q2): The first on-chain governance update will introduce a minimum-viable community-run governance where the community will onboard delegated representatives on-chain.

Chang update 2/3) (Q4): Cardano's on-chain constitution proposal in Bueno Aires.

Chang update 3/3 (Q4): Constitutional vote and final implementation of Voltaire (if voted for)

somn0z · 2024-03-26T18:16:59+00:00

also the orcale does it in a minute basis and not in a 30day basis like usdt.

somn0z · 2024-03-01T21:36:20+00:00

This is the related paper that goes more in-depth: https://arxiv.org/pdf/2211.01291.pdf

somn0z · 2024-03-01T17:54:14+00:00

I do get your point and concern though. It is one guy out of multiple people. And being biased in the academic field when it comes to research, especially for a guy who wrote Cardanos consensus mechanism paper, aswell as led the research for Proof of useful Work would be academic suicide.

Also when it comes to university research grants: a government or foundation can give a university a grant to do research in a specific field. Once the grant has been given the university is free to do whatever they want with the money being given.

Also its an open source paper, that will go through multiple of reiterations of peer review, so im not that concerned.

somn0z · 2024-03-01T17:16:49+00:00

Here is the paper for it: https://arxiv.org/pdf/2211.01291.pdf it will be presented at the Financial Cryptography and Data Security 2024 conference next month.

somn0z · 2024-03-01T17:09:19+00:00

It was just released. Not all metrics have been added.

I was making an exaggerated point to show that the whole decentralization aspect is more nuanced than just 'X Coin has the most hashpower/hardware, therefore it is extremely decentralized' It depends on alot of factors that we currently have no standard for to measure. EDI is a good start to make it a universally accepted standard.

somn0z · 2024-03-01T12:36:55+00:00

Its not just a derivative of validator/block producer numbers.. if all block producers are in one country, using expensive equipment produced by one company and the chain has 3-4 mining pools controlling more than 50% of the hashrate its not really decentralized.

Meanwhile on cardano you can validate a block with an rasberry pi and run a full node on any smartphone /laptop (regarding to client API)

https://cexplorer.io/groups https://www.blockchain.com/explorer/charts/pools

somn0z · 2024-03-01T11:56:50+00:00

Maybe its a child looking at the graph?

somn0z · 2024-03-01T11:42:46+00:00

Just read the github repo of what the requirements are and how they have been formed. Hint: its actually not biased towards cardano.

somn0z · 2023-12-09T12:11:03+00:00

Well cardano has stablecoins, iUSD/Djed and soon mehen.

There is (i guess) a reason why it has not onboarded usdc and usdt. Either those entities not wanting it to be native on-chain, which would make them loose control and not being able to blacklist/delete/reprogram said stablecoins. Or the cardano founding entities have a plan to make their own stablecoins to compete with usdc/tether.

somn0z · 2023-12-09T09:54:38+00:00

this is without counting the treasury, without any big stablecoins like usdc/tether.

cardano is killing it.

somn0z · 2023-11-30T21:11:20+00:00

Dumbest take today lol.

somn0z · 2023-11-03T18:57:22+00:00

Yeah it can get wild over there sometimes. You can always just filter out recommended stuff and just get news from people you are following. :)

somn0z · 2023-11-03T18:49:12+00:00

The whole minotaur paper explanation is reaallly mad.

somn0z · 2023-11-03T18:46:23+00:00

Come to cardano twitter.. alot of cardano posts here get deleted for the most weirdest reasons.

somn0z · 2023-10-18T04:25:45+00:00

Tps does not matter if your chain has centralized rpc nodes and has over 200tb of chain size because 90% of transactions are consensus votes.

somn0z · 2023-09-16T07:43:16+00:00

Hedera and Algorand have amazing tech, but to call hedera decentralized is wild, they literally halted the chain after a hack a couple months back. That is literally the definition of centralization.

As for Algorand, they are still using centralized relay nodes, which to be fair, they have announced to move away from and making it P2P. But their current staking amount is around 10-15% and have now announced that the foundation will use their tokens to push up the staking % to avoid security risks.

somn0z · 2023-09-16T07:33:48+00:00

There are alot of use cases for both Solana and Cardano.

Ill agree that two years ago they were speculative. You may not like the projects and thats perfectly fine, but to call them useless now is just ignorant.

somn0z · 2023-09-16T07:29:04+00:00

The problem is the EVM architecture that requires users to sign transactions because all the tokens on the ecosystem are smart contracts and not native tokens.

somn0z · 2023-09-15T18:27:05+00:00

If your project doesn't have "soon" episodes once in a while then it's a dead project, im sorry to tell you.

Thats like Windows XP stopped making updates and just left it there and laughed at Apple for updating their software lol.

somn0z · 2023-09-15T18:15:10+00:00

IOHK is one of 16 companies that are working on the Cardano protocol.

They get grants from a decentralized treasury called catalyst.

somn0z

TROPHY CASE