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Mateusz Czeladka | Plan ₳ Profile picture
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18 Jan, 6 tweets, 3 min read
@smdiehl

(1) Hi, I saw your $BTC rant.. I hope you are aware that Bitcoin is not the only crypto and in #Cardano what we are trying to achieve is far more than you may think at first.
(2)
(3) Cardano in Africa vision

(4) Cardano is written in Haskell

(5) Haskell elephant in the room
(6) Don't fight us, join us. Please join us Stephen, bright your friends on: cardano.ideascale.com, best ideas get funding, Cardano on chain treasury has 100 mln USD as of today.

Let the monad be with you.

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More from @matiwinnetou

Mateusz Czeladka | Plan ₳ Profile picture
15 Jan
(1) A lot of business people look at some of "creatures" like @michael_saylor would say on CMC through the eyes of adoption only. They look at transactions, market cap, number of developers, etc.
(2) This shouldn't be of a surprise because world is full of cases where best tech won and full of cases where best tech didn't win. This kind of thinking provides grounding and rationality - rather than "being in the clouds"
(3) I work in IT for a bit now, mostly in agile environment - very much like the whole ETH is done and customers can benefit from our features on the platform very fast. We have continuous integration, continuous development, etc. We also have mutable databases...
Read 25 tweets
Mateusz Czeladka | Plan ₳ Profile picture
15 Jan
(1) I wonder if you guys are aware but apparently #Ethereum team as @IvanOnTech mentioned today is temporarily abandoning sharding idea (ETH 2.0) and want to introduce PoS in ETH 1.0. If they complete this successfully - this will push them to TPS - somewhere between 100-1000 TPS
(2) It is awesome for users and scary at the same time.

They are taking agile approach to blockchain development, which is far from easy as some design changes are tough to make once they have been made but they listen to users and users complain about TPS now.
(3) My guess is that it is scary for business users / enterprise users but retail folks appreciate it (yield farming, DeFi folks)

Where this approach has a benefit is that they already have ecosystem of developers and they don't try to predict what is needed on the market.
Read 6 tweets
Mateusz Czeladka | Plan ₳ Profile picture
15 Jan
(1) We had a conversion with one developer from Avalanche blockchain yesterday about an infamous graph below.

Avalanche may indeed have so many validators voting at the same time but ADA follows design similar to $Algo, where there is a VRF function secured by SPOs in a VRF file
(2) VRF function design by prof. @silviomicali which Ouroboros Praos adopted is very elegant because you have over 1400 validators but at given slot all of them are not voting.

SPOs!!! Protect your VRF file like your eyes, if they get compromised, we are done!
(3) We have really so many validators albeit in terms of network consensus you don't need to sync up so many validators between each other for block production, VRF design is super elegant. As if you had so many validators but you don't use them all at once for one block prod.
Read 5 tweets
Mateusz Czeladka | Plan ₳ Profile picture
19 Dec 20
$eGLD community on social media is very active now.

It competes with ETH 2.0 but IMHO not #Cardano.

1. I cannot vote on project proposals, Catalyst, including also changing company from A to B if needs be
2. We don't know whether their sharding is secure
3. 1 company behind it
4. it doesn't appear they have hard-fork combinator, thus upgrading of chain could be tricky
5. no information about long term funding, no treasury system
6. Written in golang vs Haskell, with unit tests and integration tests yet they have not upgraded chain yet
7. Trying to compete with Atala Prism with their (maiar.com). Phone number -> private key + public key
8. Seems like whole Romania got crazy about this project (national television coverage)
9. 2.500 eGLD seems pretty high to run a validator node
Read 6 tweets
Mateusz Czeladka | Plan ₳ Profile picture
10 Dec 20
(1) eUTxO model, which Cardano follows is far more superior when it comes to concurrency and parallelism. Account model of Polkadot and Ethereum forces them to shard, sharding is pretty hard and reduces security of blockchain and opens it to new attack vectors.
(2) Now both Polkadot and ETH 2.0 will be sharded blockchains albeit none of them proved yet that it can work well and stable. Academia didn't prove yet sharding works well with blockchains and #Cardano is following a classic approach - science first.
(3) Both Polkadot and ETH 2.0 follow more empirical approach let's try - maybe it works and if it works then yes it works. Who knows maybe it works?
Read 6 tweets

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