Thread by @Power2theEdge

With all the MISINFORMATION about #Cardano, from “it’s a scam”, “it’s just a wallet”, “nothing but empty promises” to “nobody’s building on it”, this is WHY (in their own words) 30 of 200+ dev teams actively building, chose #Cardano as their primary L1 chain over any other option

@Indigo_protocol We chose #Cardano for its research-first approach. We’re not going to bet massive markets on an under-researched chain that proves to be insecure or not scalable in the long run. #Cardano also provides a great functional programming toolset that improves software

…correctness & efficient transactions that are inexpensive & fast to execute @MELD_labs To build a new generation of financial services, MELD focuses on the latest generation of Blockchain, #Cardano, which builds on the successes & failures of both BTC & ETH to create a new high

performance solution with the potential to become a major utility blockchain to power the future of DeFi 👇

@OptimFi With rapid protocol development underway, superior security properties, low cost transactions, & a native asset with a top five market capitalization #Cardano is well-positioned to quickly realize & grow a large DeFi ecosystem.

@adax_pro #Cardano is widely anticipated to become the new crypto st&ard-setter. Investors recognize the network’s potential to challenge the embedded status quo of monopolistic & bureaucratic power structures within the world of crypto.

@CardanoMaladex In contrast to ETH, where all code execution happens on-chain, with a global memory that leads to high & increasing transaction prices, there is fertile ground for concentrated liquidity on #Cardano. Due to their Extended Unspent Transaction Output (EUTxO)👇

model, concentrated liquidity can be smoothly implemented in such a way that the off-chain code ensures the expensive computation can happen off-chain & only be validated by on-chain validators, resulting in no impact on transaction costs from complex routing

@paribus_io Since we first started to imagine how we wanted to help develop the DeFi space we were drawn to #Cardano due to the unique combination of its ethics, the vision of its founder Charles Hoskinson, & its adherence to the initial principles of Satoshi Nakamoto.

@MetaDEXfi Due to its decision to take a peer-reviewed, research-first approach as well as deploy formal verification to its code base, #Cardano is by far the most trustable blockchain technology to date.

@get_revuto #Cardano’s mission, vision, & approach to building scalable, user-centric blockchain solutions are perfectly aligned with Revuto’s requirements. #Cardano is conceived as a more evolved, future-proof 3rd generation blockchain that combines BTC & ETH’s properties and 👇

evolves to meet all its users’ arising needs. Deciding to build Revuto’s decentralized platform on #Cardano was hardly a choice at all 👇

@BossCatRC Founded by the member of the BAYC community, with massively inflated gas fees now on Ethereum, the decision was made to launch on the emerging #Cardano Blockchain where we believe our project will be far more accessible to everyone.

@RayNetwork - We have experience integrating #Ethereum solutions into our clients' products, so we have something to compare #Cardano with. We believe the IOHK team will solve all their tasks & #Cardano eUTXO model will become the best blockchain technology in the near future 👇

@ProfilaPrivacy #Cardano is a public & open-source blockchain platform which completely aligns with the transparency we are aiming for. We are currently working on several use cases built on the #Cardano blockchain because we believe in its enormous potential. 👇

@Colizeumcom Colizeum is being built on #Cardano to capture the technological excellence embedded in this platform & involve (& enrich) it’s massive & loyal community tapping directly into the $50b+ pools of on-chain liquidity. 👇

@wingriderscom #Cardano’s eUTxO model brings exciting benefits that address some of the shortcomings of DEXes on other blockchains with consistent fees & formally verified deterministic behavior. 👇

@Centaurify #Cardano is among the most promising blockchains, & is the only peer-reviewed layer-1 solution, built with [both] flexibility in mind, & the Haskell programming language, which offers maximum security because of the way it was designed,to provide the best results in👇

correct code execution. Correct code execution is immensely important, especially in the finance & payment sector where unexpected or incorrect code execution can create catastrophic value loss (e.g. $90M USD lost due to incorrect Solidity code execution, Compound). 👇

@SundaeSwap #Cardano is faster & cheaper than the alternative smart contract platforms. It also is run by a non-profit foundation & regularly collaborates with high profile academic institutions. All in all it’s more advanced & a better option for future projects to be built upon

@empowa_io While we agree with the importance of the core requirements of scalability, sustainability, & interoperability we were also drawn to #Cardano as the infrastructure solution on which to build due to the following project qualities: Scientific/Research based approach,👇

Professional Development Practices, Secure Smart Contract Language, African Focus & Environmental Focus. 👇

@ridotto_io While an integrated #Cardano DeFi ecosystem is still a work in progress, the Ridotto team is eager to make use of their superior financial efficiency & decentralized scalability Both of these factors make a casino native to #Cardano, highly practical & best positioned

to deliver a cost-effective & time-efficient gambling experience. Beyond the technicals, Ridotto also feels very much at home among #Cardano’s egalitarian, fair, & decentralized underlying philosophy 👇

@blockademia_aci #Cardano is the first blockchain platform developed by scientific principles & a huge team of scientists & academic experts are actively working on its development, while code is thoroughly checked & formally verified before it’s put in general use. Enabling next

generation smart contracts, will position #Cardano as a leading blockchain platform for years & decades to come, therefore we believe that choosing #Cardano is a logical choice 👇

@surehive #Cardona has become by far the most trusted blockchain technology, designed & verified by an industry-leading cohort of engineers & academic experts in the fields of blockchain & cryptography. Plutus, the native smart contract language, is based on Haskell, which, as 👇

a purely functional language, offers a multitude of advantages for development, not the least of which are flexibility, natural formal verification & elimination of whole classes of bugs 👇

@WorldMobileTeam The #Cardano blockchain is ideal for anchoring digital identities as it is highly secure & designed for long-term sustainability. Key considerations, advantages & benefits of selecting #Cardano [include]: High assurance code - same level of scientific rigor as 👇

mission critical systems, the protocol is designed to protect users’ privacy rights while taking into account the needs of regulators - a critical factor in telecommunications networks which is a regulated industry 👇

@MinswapDEX There are many L1 platforms but we found that #Cardano has a good community that really cares about its ecosystem & decentralization, good technology & researching approach & we thought that if we choose #Cardano as L1 platform to build a DEX it will definitely last👇

@byron_cardano #Cardano with its uniqueness is a perfect opportunity for our team to make use of our expertise & contribute to the constantly expanding community. Expertise behind #Cardano mirrors the values of Byron Network. We want to build something of use to the community.👇

That is why the scalability, cheap fees & the achievable amount of transactions per second play a significant role in creating a trustworthy & widely used ecosystem. 👇

@ArdanaProject #Cardano is the first POS chain to be founded on peer-reviewed research & developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security & sustainability to decentralized applications, systems, & societies. With a 👇

leading team of engineers, #Cardano uses the EUTXO (Extended Unspent Transaction Output) accounting model that gives #Cardano the ability to run smart contracts safely while maintaining the ability to scale 👇

@adasound_io we chose #Cardano for its technology & careful planning. The #Cardano community is known for attacking ideas/plans & not people. This is a critical mode of social interaction for implementing evidence based blockchain solutions for old problems. Our old problem is👇

the systematic devaluation of music & musicians to enrich the established streaming platforms & their backers. 👇

@theos_fi THEOS must take into account both affordability for our platform from a business case, & sustainability for our ethical considerations. At present, #Cardano looks best aligned with these requirements with an ultra-low energy consumption through its PoS consensus 👇

mechanism, estimated to be 1M+ times more energy efficient than BTC, while maintaining the same rigorous security guarantees. We have identified its overall ecosystem as one of the most socially responsible, environmentally friendly, & most promising from a business perspective👇

@seabugnft #Cardano thrives on unity & innovation: iterating on designs & standards & driving progress through radical transparency, R&D, & decentralized decision making. In this spirit, we are proud to share our most recent design developments for self-governed NFTs, where 👇

…no one can steal or undermine a user’s ownership of their NFT. NFT owners will not need to rely on OpenSea’s grace to mark an NFT as stolen, & ownership is preserved across the #Cardano blockchain 👇

@LovelaceWorld Lovelace aims to go live on #Cardano to assist creators of NFT artwork & blockchain games in tackling the problem of interoperability #Cardano, developed by IOHK, is a chain that aims to become the internet of blockchains by allowing interaction & the movement of👇

…assets across different chains. We realize that blockchain bridges have been in existence for some time. However, we feel that many of these bridges have their limitations, & #Cardano is the best fit to promote interconnectivity in the blockchain space. 👇

@anetaBTC The blockchain industry has somewhat veered from the initial concepts & principles that were laid out by Satoshi Nakamoto. As blockchain adoption increases, a vast majority of platforms have forsaken decentralization in exchange for transaction throughput & convenient👇

…implementation of smart contracts at the expense of security & censorship resistance. There are two blockchains in particular, however, that have been structured & implemented to be two of the most truly decentralized blockchain platforms in existence today: #Ergo & #Cardano 👇

@GeniusyieldO From a plethora of blockchains available in the market, the decision to select #Cardano was made because #Cardano has the potential to become the de facto blockchain platform for the financial world, it aligns with GeniusYield's goal of making DeFi available for👇

… the masses & will enable GeniusYield to create a global DeFi ecosystem enriched with security & authenticity. 👇

@ErgoDex one of the unique features of Ergo & #Cardano is that, thanks to the eUTXO ledger model they use, liquidity pool contracts for AMM DEXes can be combined with the order contracts used in order-book DEXes. This capability enables shared liquidity among different types 👇

of exchanges on the Ergo & #Cardano blockchains, which was not possible to do before. 👇

@liqwidfinance Current DeFi lending protocols & their underlying blockchains have weak support for decentralized identifier (DIDs) solutions & with poor identity frameworks there is no scalable path to develop credit scoring models based on loan repayment history. As a result👇

DeFi lending solutions require users to maintain significantly over-collateralized positions to cover potential losses in default events Atala Prism was developed for the #Cardano blockchain as a privacy preserving digital identity solution that allows users completing 👇

financial transactions to establish credit histories, own & monetize their transaction data, & borrow at more cost effective rates. 👇

@singularity_net Cardano’s Plutus smart-contract language is a next-gen construction designed to ease the creation of DSLs such as the Marlowe financial-smart-contract language providing usability to smart contract authors with domain specific expertise as well as making formal👇

verification & analysis more tractable. Plutus provides a flexible & efficient framework for secure txs carried out in the blockchain underpinnings of current SingularityNET framework & for the more adv aspects of the SingularityNET system that will be rolled out in coming yrs👇

#END Quotes from active projects

At least one billionaire, possibly others, have referred to #Cardano as a “cult”. If this is a “cult”, I’m happy to be a part of it and excited to see how the #CardanoCommunity can help to make the world a better place!