🔮kDev Profile picture
Jun 4 12 tweets 18 min read
So you're finally willing to explore #Cardano

I get why you have/had doubts, there's a lot of misinformation out there.

Thanks for coming around and reconsidering.

This community is unmatched; welcoming, intelligent and willing to help.

A thread to help you get started:
🧵
Let's start with the basics.

Proof of Stake and staking.

Cardano allows for safe, non-custodial staking. This means that you can hold your $ADA in your own wallet, w/ no locking mechanism, and delegate that to a stake pool of your choice to earn rewards (3-5% APY) every 5 days.
PoS allows for greater throughput/decentralization, and less power consumption.

There are thousands of stake pools minting blocks for the network, and you can move your delegation at any time to another if you choose.

You can also spend the ADA in your wallet at any time.
A few pools, and their operators I personally recommend are:

HAZEL @NilsCodes
HERO @HEROsPool
MALU @Cryptofly777
21ADA @thinkgrowcrypto
BERRY @berry_ales
SMAUG @SmaugPool
APE @TheADAApe
PRIDE @StakeWithPride

DYOR and apologies to the great operators this list omitted.
Moving on, let's talk wallets.

PC full node:
daedaluswallet.io

Browser extension / Simple UX
NamiWallet.io

Browser extension / Mobile app 🏆
eternl.io/app/mainnet/we…

Browser/mobile/EVM compatible
flint-wallet.com
DEXs - Cardano Native Tokens can be exchanged as "first class citizens" on the L1.

@MinswapDEX
minswap.org

@wingriderscom
wingriders.com

@SundaeSwap
sundaeswap.finance

@CardanoMaladex
maladex.com
NFTs: Cardano NFTs (sometimes called CNFT) have been active since early spring 2021 and there are TONS of great projects to dive into.

The largest NFT marketplace is:
@jpgstoreNFT
jpg.store

Other marketplaces include:
@CNFT_IO
@artano__io
@Tokhun_io
Data / analytics resources

You can find great on chain data at:

Cardanoscan.io

OpenCNFT.io

NFTJungle.io

WenCNFT.com

On chain wallet explorer/ NFT display:

Pool.pm
I hope this thread has been helpful in easing the learning curve to the Cardano ecosystem

If you have questions, don't hesitate to participate in the regular community discussions and especially twitter spaces that are constantly running

Welcome aboard.
Let's change the world.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with 🔮kDev

🔮kDev Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @kdevpls

Jun 6
I think almost everyone that cares about decentralization is already here.

When people ask about mass adoption, I think most fail to realize that a failure of centralization is necessary to illustrate the merits of decentralized infrastructure.

🧵 👇
Most retail users care more about simple UX and low fees, even if the system fails often. This is regularly on display in ecosystems with centralized supplies and validators.

Governments are clearly working toward greater control and surveillance of monetary systems.
It seems to me that CBDCs are the next step, perhaps the elimination of paper monies and replacement of them by a digital dollar.

This would allow for a "solution" for inflation, by placing finite digital USD on a centralized blockchain.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(