Here is my reasoning and justification for being so 'balls deep' in $ADA. 🧵
Firstly, Cardano is the most decentralised PoS with self-custody staking enabling extra yield in DeFi. How? By design, it is natively liquid and can still earn staking rewards in liquidity pools. /1
Testing stuff and just placed 60k limit orders with a single click.
Seems excessive, but can anyone guess why this may be SUPER USEFUL for ecosystem stability ? 🤔
@vivarantex@IOHK_Charles Absolutely, fortunately it's getting harder and harder to manufacture/manipulate these VC coins into the Top 10. They got close this cycle. Next cycle, it'll be absolutely impossible.
Why Cardano?
I've spent the past few years exploring and building on Cardano. I wanted to share what draws me to this blockchain and why I continue to show up every day.
Security
- 100% uptime for 8+ years
- Highly decentralized, MAV over 25
- 3000+ stake pools
- No forks/rollbacks/restarts/pauses
- Proven security guarantees similar to Bitcoin
- Never compromised
Principles
- Capped supply of ₳45 billion
- Open-source protocol
- Owned and governed by users, not VCs
- Transparent and unchanging monetary policy
- Low energy and carbon footprint
- Low barrier to entry for node operation
Design
- Built entirely on peer-reviewed research
- 250+ research papers
- Partnerships with top academic institutions
- Developed in Haskell for added security
- Multi-asset ledger, all tokens and NFTs are handled the same as ADA
- Predictable transaction outcomes, failed transactions are extremely rare
Capability
- Superior staking with no lockup, staked ADA remains in your custody
- Staking rewards paid out every 5 days
- Low and consistent transaction fees
- UTxO model allows highly customizable transactions
- Seamless network upgrades using Hard Fork Combinator
- Scalability via L2s, Hydra, Leios and more
Ecosystem
- Healthy and vibrant DApp ecosystem
- 1,160+ projects actively building
- ADA holders vote to fund projects through Catalyst
- Extended network of partner blockchains (aka sidechains)
- Secure transfers to/from Bitcoin and other UTxO blockchains
- New projects announced daily
Community
- Democratic gov with checks and balances
- $1B+ community-governed treasury
- ADA holders can propose or vote on protocol changes
- 5 million+ wallet addresses
- Community hubs worldwide
- Wide distribution of ADA
In summary, Cardano is a unique blockchain that combines programmability, hard money properties, and true OG cryptocurrency principles. It is the ideal foundation for a decentralized, resilient, and future-proof digital economy🖖.
If you read this far, let me know what I missed, or what brings you to Cardano!