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Li₿εʁLiøη Profile picture
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Dec 14 • 10 tweets • 4 min read
1/10 Some notable features (not all) of #Cardano Blockchain. The current and upcoming implementation, explained in my articles.
-eUTXO: deterministic model that can handle sending multiple tokens to different addresses in a single tx.
blog.blockmagnates.com/accounting-mod…
2/10 -Cardano has a multi-asset ledger, and so all tokens issued on the network has native token treatment, similar to ADA coins and no smart contracts are needed for interaction (as in Ethereum).
liberlion.medium.com/cardano-and-to…
3/10 -Cardano has native liquid staking, which has no blocking or slashing of funds. Funds can always be withdrawn and ownership of fund keys is maintained at all times.
medium.com/coinmonks/stak…

-Hard Fork Combinator for hard network updates, without friction or trauma.
4/10 -Deflationary Monetary Policy, with a finite and gradual issuance of its currency, without speculative burning, considering ADA a scarce resource.

liberlion.medium.com/ada-non-inflat…
5/10 -Cardano has a Treasury for crowdfunding projects submitted by the community on Catalyst, which is set at 20% of each epoch's rewards, and 20% of each epoch's monetary expansion, and
donations

adapulse.io/governance-in-…
6/10 -Governance is developing and the first steps, after #ProjectCatalyst will be via CIP, to establish a three governance groups: a Constitutional Committee, a group of Delegation Representatives (DReps), and a group of Stakepool Operators (SPO).

adapulse.io/a-cip-for-a-de…
7/10 -Ouroboros will be evolving the consensus protocol with a series of future updates: Ouroboros Praos (current), Ouroboros Genesis, Ouroboros Crypsinous, Ouroboros Chronos, Ouroboros Leios, Ouroboros Omega
adapulse.io/ouroboros-the-…
8/10 -Hydra is the second layer solution, on an eUTxO model that allows fragmentation of the delegation space without the need to fragment the general ledger. Mithril is a thin client that will allow even mobile devices to communicate peer-to-peer
adapulse.io/iohk-presents-…
9/10 -Interoperability has been designed from the very beginning. Since late 2020, Cardano developers have had a bridge to the Solidity/Ethereum community through the K Ethereum Virtual Machine (KEVM).
adapulse.io/the-future-of-…
10/10 A review of Cardano History and its Current Situation
adapulse.io/do-you-know-ca…

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More from @liberlion17

Li₿εʁLiøη Profile picture
Dec 15
1/7 Another great report from @SCATDAO
medium.com/@scatdao/meld-…
2/7 In this second part about Meld, you can see that their Roadmap promised DApp release in Q3-2021, then they changed it to Q4 2021, then delayed it to Q1-2022, and so on, always delaying release every quarter, and the latest info is that DAP lending/borrowing will be on…
3/7 …mainnet Q2 2023. We will see.

Tokenomics: SCATDAO said in the report: "If we add up all the tokens that go to the benefit of the team creating the product we get 80% (private sale 30% + Team 17.5% + ISPO 22.9% +Partnerships 4.6% + Foundation 5%)"
Read 7 tweets
Li₿εʁLiøη Profile picture
Dec 13
1/10 An analogy to understand #privacy in blockchain.

Your safe box (the wallet) contains inside the checks that you can issue to operate in the network. Only you can sign the checks (the private address of your wallet contained in the seed).
2/10 Then, the tx of those checks already operated are public, and show the funds transferred, destination and origin addresses, day and time, (this is traceability), but as they are bearer checks it is not known who transacted.
3/10 It is possible to know from which safes they were issued and which safe endorsed them, but without knowing their holders, on-chain. But if you post on Twitter that you are the owner of that safe (off-chain information) everyone can track the tx (on-chain information).
Read 10 tweets
Li₿εʁLiøη Profile picture
Dec 13
1/4
 Unsustainable #Bitcoin Mining

RBF (Replace By Fee) is a further step in trying to save scalability by allowing to increase the fee of a tx before it is confirmed.

It will have introduce a vulnerability in double-spending.
n9.cl/l2lr8 Image
2/4
 Bitcoin Core Devs are introducing changes that are twisting the BTC's essence.

In less than 10 years Bitcoin will be unrecognizable to Satoshi Nakamoto's creation.
3/4
 #Bitcoin will be more scalable because it will be centralized.

#Bitcoin will function as a payment platform in the hands of banking companies.

threadreaderapp.com/thread/1602355…
Read 4 tweets
Li₿εʁLiøη Profile picture
Dec 11
1/4 Today's #Cardano Government goes like this:

-ProjectCatalyst: voting on private projects for public funds from the Cardano Treasury, which is funded by the 20% network transaction tax.
2/4 -DReps: voters can delegate voting power to Delegated Representatives in Project Catalyst.

-Circle Catalyst: a set of voted representatives, which are renewed periodically that oversees the current status and future plans for governance at Project Catalyst.
3/4 -MBO: Members Based Organization will create a channel for its ongoing participation in Cardano's development and roadmap.

-Decentralized Governance Mechanism for the Voltaire Era: CIP-1694. Cardano Constitution, Governance Actions and Votes
Anything else?
Read 4 tweets
Li₿εʁLiøη Profile picture
Nov 26
1/6 #Cardano separated cost accounting from computing and created a two-tier blockchain architecture, borrowing the principle of separation of concerns in data transfer from the TCP / IP network protocol stack.
2/6 Ethereum processes transactions and smart contracts at the same level, which otherwise involves centralized decision making (this is contrary to the blockchain principle), threatens user privacy, overloads networks, and slows down transactions.
3/6 The Cardano Settlement Layer (CSL) is used for ADA transmission and provides network speed.
Read 6 tweets
Li₿εʁLiøη Profile picture
Nov 26
1/3
 I want them to judge my work.
A year ago, in October 2021, I wrote this critical article.

Iam a researcher by nature.
I do not have the education to analyze computer codes, but I do have the logic, to be able to understand the ecosystem as a whole.
2/3
 Decentralization is for me essential today as a lifestyle, having learned this in the crypto space.
By this I mean that I am decentralized, I do not respond to any interest. I can afford criticism.
Read my article and then go to tweet #3 on this thred liberlion.medium.com/the-devils-law…
3/3
 —About PAB

—About ERC20-Converter (by SingularityNet)


—Hydra is not on mainnet yet.
Read 5 tweets

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