Coinscious Demonstrates How Accurate Crypto Market Data Ultimately Leads to Winning Model

Coinscious, a data and trading analytics provider for the cryptocurrency market, today announces the publication of its article illustrating the high importance of accurate data when creating quantitative and high-frequency trading models with far greater than average performance.

To view the article in its entirety, visit: https://coinscious.io/coinscious-lab/accurate-crypto-market-data/

OHLC Error Rates

A key aspect that is often overlooked in quantitative crypto-trading is the quality of the data being used to design sophisticated prediction models. In the new era of cryptocurrency trading, those with the most data of the highest quality will surely win as the underlying data ultimately determines the execution prices, the model’s behavior, and the model’s ability to fit the market efficiently and effectively.

Many algorithmic traders incorporate massive amounts of data into their algorithms to create better pricing models and leverage large volumes of historical data to backtest their trading algorithms. Particularly with recent advances in machine learning, the data-driven approach to modeling is being emphasized more than ever before.

In the article, the error rates of Binance, Bittrex, Bitfinex, Bitstamp, Bitmex, Huobi Global, Okex, and Coinbase Pro were measured and then placed in bar chart format to illustrate the accuracy of Coinscious data compared to Kaiko and CoinAPI. The data quality was assessed by comparing each well-known exchange’s OHLCV (open, high, low, close, volume) data with derived OHLCV data.

Whether viewing error rates in trading volume or price movements, Coinscious data proved to be the most accurate among the other data vendors for the top 3 coins (BTC, ETH, and XRP). In average, Coinscious data are 38% better than Kaiko’s data, where the relative errors on OHLC are 39%, 41%, 31%, and 37% respectively. Similar results have also been shown using four alternative coins (ADA, XLM, TRX, ZRX).

When answering the question of why accuracy discrepancies exist across different data providers, a couple of possible reasons are given. For example, it could be due to downtimes of exchange APIs or rate limits getting in the way when there is high activity among the thousands of combinations of cryptocurrency exchanges and trade pairs.

While many companies are collecting vast amounts of data across different exchanges and coins, the quality of the data may be hidden underneath the quantity of the data. Especially in this era of a data-driven finance world, success and risk can be heavily dependent on the data quality and the data operations environment. Obtaining the right trading tools and hiring talented traders can certainly help, but even then, tools and people cannot guarantee success if the data is imperfect. The cryptocurrency finance market could benefit from having more of data quality analysis in order to understand the granular level of datasets and where they can be obtained.

About Coinscious 

Coinscious provides comprehensive data, insights and solutions to professional and non-technical cryptocurrency traders alike. We focus on delivering quick and accurate data to our users, connecting trading systems and strategies to the dynamic crypto market through our enriched data sources and data-driven insights. We specialize in providing traders with tools to allow them to backtest, validate, optimize and execute their own strategies.

To learn more about Coinscious, visit: http://www.coinscious.io


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Author: Coinscious Inc
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Cardano (ADA) Crypto Card is Here. Pay with ADA in Over 33 000 Retailers

EMURGO, the company which drives the adoption of Cardano and adds value to ADA holders, introduced the much anticipated Cardano (ADA) crypto card in Seoul, South Korea.

The solution is possible thanks to EMURGO and Metaps+ partnership. As the result the partnership will deliver a solution for South Korea residents to use their ADA at more than 33,000 retailers, marking a huge step in the adoption of Cardano.

The news was shared on EMURGO official Youtube channel on December 10, 2018, and the community has accepted the news with a great satisfaction.

The Cardano Crypto Card

Not many specs are shared regarding the Cardano crypto card but one thing is clear, it’s simple and fast to pay as confirmation takes only a few seconds.

It is also visible that the cards are issued with a certain amount of cryptocurrency ADA. In this scenario – 1000 ADA.

Cardano Adoption

Aside from Cardano crypto card introduction, EMURGO seems to be living its moment by driving ADA adoption, as recently together with Ripple, NEM and Fetch.AI launched “Blockchain for Europe” association. Four blockchain global leaders have joined hands to develop an association to represent blockchain originating organizations in Europe.

Moreover, Cardano launched its testnet where users can use the test tokens to experience the current system and learn how to use upcoming features safely and at no cost.

ADA Crypto card Introduction Video:


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Author: Justin
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Ethereum vs. Cardano – Two Popular Cryptos, Two Dominant DApp Platforms

Ethereum vs Cardano

Ethereum and Cardano are two of blockchain’s most recognizable decentralized application (DApp) platforms. Often part of the same conversation, both projects utilize smart contracts to expand the value of blockchain technology beyond simple transactions – albeit in vastly different ways.

Founders from both projects, Vitalik Buterin of Ethereum and Charles Hoskinson of Cardano, make their opinions well-known and have active Twitter lifestyles. If you’ve been involved with cryptocurrency for any amount of time, you’ve probably heard about either founder at least once.

Less well known, though, is the shared history of these two projects. Before we examine the similarities and differences of the cryptocurrencies, let’s take a walk down memory lane to where they both began.

Ethereum vs Cardano – A Chance Encounter

Buterin and Hoskinson met through the Bitcoin Education Project, a creator of online Udemy courses that Hoskinson started after leaving a career in consulting. After meeting, Hoskinson received one of Buterin’s first Ethereum white paper drafts, which actually began as an outline for a Primecoin overlay protocol. From there, Hoskinson joined Ethereum as co-founder along with Buterin and six other individuals.

Hoskinson and Buterin worked together for about six months before parting ways.

A Difference of Opinion

The split really came down to one ideological difference: for-profit or non-profit. Buterin and the majority of the other founders argued that Ethereum should remain a non-profit project avoiding venture capital fundraising. Hoskinson thought otherwise.

He believed that they should accept venture capital money. However, with that, the team would need to implement some type of governance and figure out a road to profitability. As you now know, the team opted for the non-profit status.

Six months after leaving, Hoskinson partnered up with another Ethereum co-founder, Jeremy Wood, to form IOHK (Input Output Hong Kong), the company behind Cardano.

Ethereum vs. Cardano – Differences

At their core, both projects are meant for DApp development and smart contracts. However, the similarities end there. From consensus mechanisms to architecture, the two blockchains differ significantly.

Consensus Mechanisms

Right now, Ethereum uses Proof-of-Work (PoW) to maintain the network. This won’t last forever, though. The Ethereum community is planning to switch to Proof-of-Stake (PoS) sometime soon. Casper, Ethereum’s new PoS algorithm, is an attempt to solve many of the scaling issues that plague the blockchain.

Cardano also implements Proof-of-Stake but utilizes the Ouroboros algorithm. It works like this:

  • Slot leaders verify transactions and create blocks.
  • If you hold Cardano’s coin, ADA, you qualify to become a slot leader. It doesn’t matter how much you own.
  • To become a slot leader, the “Follow the Satoshi” algorithm needs to select a coin you own.
  • The network does all of this manually, so there’s no additional work that you need to perform.
Programming Languages

Ethereum’s primary programming language is Solidity. The Ethereum team created Solidity specifically to build smart contracts that run on the Ethereum Virtual Machine (EVM).

Cardano, on the hand, utilizes Haskell and Plutus. Haskell is a functional programming language that’s been around since 1990. But the most recent stable release launched in 2010. Similar to Haskell, Plutus is a functional programming language; however, it was created in-house by the Cardano development team.

Architecture

Probably the most significant way the two smart contract platforms differ is in their architecture.

Cardano is split into two layers. The layers separate the account value ledger from the reasons why value transfers from one account to the other. This separation gives you, as the end-user, more control over the privacy and execution of your smart contracts.

The Cardano Settlement Layer (CSL) takes care of the value ledger while the Cardano Computation Layer (CCL) handles the “why” of transactions.

Currently, Ethereum only has one layer. But, second layer scaling solutions are in the works. Plasma is one of those solutions. Plasma contains child blockchains similar to Bitcoin’s Lightning Network. These child chains facilitate transactions without having to take up bandwidth on the main Ethereum chain.

Ethereum will soon implement sharding as well to help with the blockchain’s scalability issues.

Other

Besides the obvious differences in market cap and price, the two cryptocurrencies have some less critical differences.

Ethereum has an over three-year head start on Cardano. The project launched in January 2014 whereas Cardano only recently came onto the scene in September 2017.

Cardano has one of the largest coin supply’s in the industry with a maximum supply of 45 billion. Ethereum doesn’t have a maximum token amount, but the circulating supply at time of writing is just over 100 million.

Ethereum vs Cardano – Communities

As of now, Ethereum has one of the largest and most active (if not the largest and most active) developer communities in crypto. It’s the top choice for initial coin offerings (ICOs) and many of the tokens that you know and love run on the Ethereum network. As long as Ethereum maintains this popularity, the price should continue to rise.

Cardano may not have the support that Ethereum does, but it still has a healthy community nonetheless. The real test will come when Cardano is ready for DApp development. The long-awaited release could bring the adoption that Cardano needs to get its price moving positively.

Ethereum vs. Cardano – What’s Next?

Both platforms have active development teams with jam-packed roadmaps ahead. Ethereum is working to become a more scalable DApp platform through the implementation of Casper (PoS), Plasma, and sharding. Cardano will soon be releasing Shelley, an update that includes human-friendly addresses, open Ouroboros delegation, and multisig transactions among other things.

It may be cliché, but comparing these two projects really is like comparing apples to oranges. Both are fruits (DApp platforms) with their own sets of pros and cons. Some community members prefer one over the other while others like them both. And, some people would prefer both fail.

In the end, Ethereum and Cardano are both respectable projects that should make a significant impact on the world.


Source 
Author: Steven Buchko
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Double Digit Dumps For Ethereum, XRP, EOS, Stellar And Cardano In Latest Crypto Rout!

Just when we thought that a real recovery was about to occur for cryptocurrencies, they have all dumped again today, several by double digits.

Since last Friday crypto markets have performed well regaining almost $30 billion to a three week high capitalization of $229 billion. This momentum has largely been the work of XRP which went on an epic pump over the weekend, almost doubling in price.

Today, however, the pattern has been reversed once again as markets plummet, losing all of those gains in one big rout. Almost $20 billion has been lost over the past day or so as markets tumble back towards the $200 billion level. Any lower will see them back to their 2018 low point on September 12 when total cap dropped to $186 billion. Ethereum is hurting once again with a 10% slide on the day back to yearly lows of $210.

XRP is rapidly wiping out all of that positive momentum which took it to a four month high of $0.69 on Friday. In just 24 hours its price over doubled as XRP trade volume surged from $400 million to $4 billion enabling it to surpass Ethereum, albeit briefly, and take second spot for market cap. Those monumental gains, not seen since last year, are being eroded today as XRP has plunged 19% to $0.450 at the time of writing.

EOS is also having a bad day with a dump of over 11% to $5.15 according to coinmarketcap.com. Over the weekend EOS reached $6.20 but those gains are now distant memories. Since its all-time high of almost $22 back in April EOS has crashed 76% to its current levels along with most of the other altcoins. Market cap for the fifth most popular crypto is down to $4.67 billion.

Another altcoin in pain at the moment is Stellar Lumens as XLM sheds 11% on the day to $0.235. The past week has been a good one for XLM has it has gained almost 20% from $0.196 this time last Tuesday however those gains are now going down the digital pan.
Cardano has been one of 2018’s biggest losers, getting hammered 94% since its all-time high of $1.30 back in January. Today has not been kind either as ADA dumps over 11% to $0.077. Cardano is close to slipping out of the top ten as market cap is perilously close to falling below $2 billion.

Other altcoins also in the red double digit doldrums today include Monacoin, Wanchain, Ontology, Status and Siacoin.


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Author: MaxPositives
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Weiss Ratings Reveals Top 8 Crypto Picks, Calls XRP, IOTA, NEO and Cardano ‘Absolute Steals’

Weiss Ratings is on a roll. In the midst of a new tweet storm, the company offers a look at eight of its top crypto picks in the current market.

The ratings agency, which has provided market research and analysis for consumers and businesses for more than four decades, says four coins in particular are “absolute steals.”

Weiss also points to Nano, Basic Attention Token, Stellar and EOS as four additional coins that it believes have a lot of potential.

The recommendations came alongside the agency’s bold prediction on the future of Ethereum and Bitcoin.

The company says it expects Ethereum to take a huge bite out of Bitcoin’s market share in the next five years.

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Author: Daily Hodl Staff
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Cardano (ADA) Following XRP’s Footsteps On This Week’s Price Reversal

Being one of the only two gaining in double digits is making ADA stand out among top contenders during these times of recovery as it is changing hands at $0.0715 with 12.16% increase in the last 24-hours.

With Ripple’s XRP leading at 17.79% gain for the last day it was just a matter of time before the other top coins by market capitalization would follow positively.

The pair ADA/USD finally made it above the major $0.07200 mark which tanked the price for a week now since the major decline on Sep 12th. Correction could be on its way but looking throughout the market it is very much possible that $0.07200 could hold ground as a strong support.

In an interview with CNBC, Francisco Gonzalez Rodriguez, Executive Chairman of BBVA, explained that cryptos are perfect for the economic system, but because of their characteristics they are also especially attractive for criminals. Parallel with that, Mr. Rodriguez commented very positively on the technology behind the coins calling it also perfect and could turn very useful.

“Cryptocurrencies are perfect, but are used for bad purposes today, so [one has to be] careful. Blockchain and distributed ledger technologies are also perfect, they are big, big tools. But the cryptocurrencies must be understood, [especially] the corner where the malpractices are going.”

Co-founder of the blockchain startup Origin Protocol – Josh Fraser, highlighted that despite of an unwary and volatile market, prices could recover over the next few months. In an email to the financial-focused publication MarketWatch, Fraser wrote:
“Prices will slowly recover some of the losses they experienced in [the first of half of] 2018.”

Explaining why this is the case, Fraser explained that as development efforts shift towards blockchain technologies, and subsequently, crypto assets, the “key pain points” of usability and pricing will start to subside.

For those interested to step-in and collect some ADA in their digital wallet, just recently the ABRA app has announced ADA, TRX and BAT listings on its platform.


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Author: MaxPositives
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Cardano (ADA) Coin Story: Attempt To Improve What Bitcoin And Ethereum Chose Wrong

Since Bitcoin’s inception in the financial world it has given birth to a new field of ideas and solutions to be explored by many for the issues that are globally met right now. Mostly and tremendously in the currency industry. One of the most influential and respected figures trying to shape-up and improve the crypto-verse by no doubt is Charles Hoskinson – Founder of Cardano and IOHK Foundation.

Given birth by scientific/philosophical research and principles, the network is quite new in the play. Initiated by one of Ethereum’s co-founders and above mentioned – Charles Hoskinson, it is labelled by many as one of the most promising to choose from setting itself a target of overcoming the big ones.

It all started when back in 2011 Mr. Hoskinson was introduced to the idea of blockchain and cryptocurrencies. As Bitcoin was and still is the big player in the game, the mechanism of Proof of Work or PoW was the most famous one. However, due to the high cost and various scaling issues that the network of the leading coin met, it was time for a new one to come along. PoS or Proof of Stake was presented which with various improvements became Ouroboros – Cardano’s consensus function.

Accordingly, even Ethereum shifted to PoS various issues that it is facing could be history. Being more efficient in many ways [e.g. energy cost lowering] parallel to secure and working safely is what made its creators debut Ouroboros in the scene.

Some of the problems that cryptocurrencies are facing are: Scalability, Sustainability and Interoperability. Cardano here comes with its layer architecture structure making it stand out in safety and security of the smart contracts. As its divided into layers, the security is heightened as the processing done by the following layer [part] is made independently from the previous. Such the information is handled safely and not shared.

Cardano (ADA) has unveiled the use cases of Marlowe, a domain specific language (DSL) which is targeted at the execution of financial contracts in the style of Peyton Jones among other researchers on blockchain. The Marlowe domain-specific language (DSL), according to IOHK, is modeled as an algebraic type in Haskell, together with an executable small-step semantics. As Ethereum is known for being the pioneer of Smart Contracts, this is a challenged not to be looked away.

Latest – Abra application has listed Cardano (ADA), Tron (TRX) and BAT for users to trade or invest. The team at Abra acknowledged the main reason for listing the new digital assets, was the constant requests from the app’s users to add them. The announcement went on to add that:
“We’ve been getting a lot of user requests to add various coins and tokens to the Abra app, and we are working diligently to make that happen.

We are really excited to have these coins listed on Abra, and we are working to bring more investment options to Abra users.”

Bittrex, one of the leading cryptocurrency exchanges by trade volume around the world, announced its decision to enable crypto/fiat trading pairs for Cardano and Zcash. Its official account tweeted this and later confirmed via an email sent to its subscribers.


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Author: MaxPositives
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3 reasons why Cardano (ADA) will overtake Ethereum (ETH) by market cap

The crypto market is struggling at the moment, and all major cryptos are deep in the red. However, Ethereum (ETH) is one of the hardest hit due to the massive selloff of Ether by ICOs. Ethereum (ETH)’s drastic drop is also compounded by the fact that it has been slow to implement much needed scaling solutions such as Sharding. Ethereum is still a year or two away from realizing a viable scaling solution. With such challenges for Ethereum, could Cardano (ADA) beat Ethereum by market capitalization? Well, going by current market dynamics, the probability of Cardano beating Ethereum (ETH) in the market is quite high.

The first reason why Cardano overtake Ethereum is the increased pressure on the price of Ethereum. Unless ICOs stop selling Ethereum (ETH), the downward pressure on Ethereum will sustain for some time. Some estimates put it that if ICOs continue selling at the current rate, Ethereum could test lows of under $50. While this is an extreme possibility, it could hurt the market capitalization of Ethereum by a big deal. Cardano (ADA) on the other hand does not have such issues around it. On this basis alone, it could easily bypass Ethereum by market capitalization.

Ethereum (ETH), like Bitcoin (BTC), has a serious scalability problem that is yet to be resolved. This is increasingly reflecting on its price. As mentioned earlier, getting solutions to this problem is taking time, and the markets are getting impatient. This is one problem that Cardano doesn’t have. Cardano is a highly scalable project all thanks to Ouroboros. Ouroboros is Cardano’s scientifically peer-reviewed Proof-of-Stake mining algorithm. This not only makes Cardano efficient but also highly scalable. This head start could Cardano see it gain in adoption for the development of complex applications for real businesses. This could see Cardano (ADA) rise in value, and possibly overtake Ethereum (ETH) by market capitalization. Still, on the technicalities of the project, Ethereum wants to shift from Proof of Work to Proof of Stake. However, this is not an easy process, and might not necessarily be successful. It’s incomparable to Cardano (ADA), which chose POS from the very start and perfected it through lots of scientific research. This could play a huge role in driving up Cardano relative to Ethereum (ETH).

Comparing Cardano (ADA) and Ethereum (ETH) in terms of potential gains, Cardano (ADA) has a good potential to give higher gains. That’s because it is technically superior and is priced way lower than Ethereum (ETH). This aspect to Cardano (ADA) makes it a more attractive buy, and once the bear run eases up, Cardano could easily outpace Ethereum (ETH) in terms of price gains and overtake it by market capitalization.

Going by the above, it is clear that Cardano has a much better future than Ethereum (ETH). Cardano (ADA) could be the Dapps platforms that take blockchain technology to the next level. Its inherent potential is use is huge.


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Author: MaxPositives
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CARDANO (ADA) Daily Price Forecast – September 12

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend its short-term outlook.

The cryptocurrency is a downward channel.

The bullish momentum from $0.06576 in the demand area was lost at $0.7054 in the supply area when price touches the upper line of the channel as the session ended yesterday.

The opening 1-hour candle at $0.07009 was a bearish engulfing, ADA dropped to $0.06384 in the demand area.

The bears’ pressure may continue and a break and close of price outside of the channel will further take ADA down to $0.0500 in the demand area in the short-term

ADA/USD Medium-term Trend: Bearish
Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA is in a bearish trend in its medium-term outlook. The bears are holding tight the control of the market with a push to $0.06576 in the demand area as the trading session came to a close yesterday.

The bulls had a minor push of price to $0.07056 in the supply area, creating a flag. As expected the bears returned with the opening 4-hour candle, a large bearish engulfing and price was further down to $0.06405 in demand area.

Price is below the two EMAs with the 10-EMA a strong resistance against the cryptocurrency upward price movement. Moreover, the EMAs are area seen fanned apart which imply strength in the context of the downtrend.

The stochastic oscillator is in the oversold region at 13% and its signal is pointing down.

This implies further downward momentum in price of the cryptocurrency as bears pressure becomes much stronger in the medium-term.


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Author: MaxPositives
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Charles Hoskinson: Updates on Cardano (ADA) for Version 1.4

Charles Hoskinson of Cardano just returned to Colorado after a global quest to communicate the vision of Cardano. In a new 23-minute video, he touches on a number of technical details. The big takeaway: There’s lots of innovation that’s leaving the lab and entering production.
In the video Hoskinson goes a long way to penetrate the minds of people who think that Bitcoin and crypto are fairy dust, rooted in nothing. By delving deep into the tech, he elevates the conversation for blockchain and crypto projects. He puts a face on it that challenges traditionalists who either can’t imagine or don’t want to believe the caliber of intellect, rigor and dedication that’s pouring into the space in order to completely transform the internet, global financial systems and every conceivable business transaction.

Hoskinson met with several luminaries in Canada, Barbados, South Africa and Switzerland regarding the development of the Cardano ecosystem.
He hung out with crypto enthusiasts in Barbados where IOHK launched a crypto course earlier this year. In Canada he attended the Futurist Conference where he served on a panel with Larry King. In South Africa, where he met with the president’s son, Tumelo Ramaphosa, Hoskinson attended the Blockchain Africa Conference which he called an amazing experience and event. He also says he did a lot of IOHK business in Switzerland.
Before diving into the tech, Hoskinson also dished on his gout attack while traveling, explaining how it forced him to hobble around the world. With a sort of ‘the-show-must-go-on’ attitude, he got stuff done.

Post-allopurinol and prednisone, here’s the latest from Cardano.

Version 1.4
It’s a huge update that incorporates changes to several features including data storage, wallet backend and the input selection policy. Because of the many upgrades, implementation will be broken up into two phases: 1.3.1, which launches this month, followed by the testnet launch in October, which will run 1.4.
Early adopters can install a version of Daedalus, which is running 1.4, and then report any bugs or notes for improvement.
Icarus is coming along. With the release of 1.3.1, Yoroi will enter testnet mode. The code is production quality and has been audited by Kudelski Security which specializes in cybersecurity for big enterprises.
The team anticipates a short layover between testnet Youroi and mainnet Youroi, which will launch soon, and will create some diversity in the wallet ecosystem as it opens up beyond Daedalus.
Using Youroi, Icarus and Daedalus, the small group of people who are having certain implementation challenges should be able to get everything running smoothly.

Ledger support is also interconnected and is on the way, pending a firmware update. Hoskinson says that Youroi will then probably be the first interface to use Ledger, bringing cold storage to the Cardano ecosystem.

2019 and Where Cardano Is Heading
The ecosystem is exploring two parallel tracks: one revolving around Ethereum and the smart contracts model, and the other effort of building up the UTXO (unspent transaction output) model. With the Ethereum model well on its way, the team will bump up resources to develop the UTXO model, popularized by Bitcoin, and figure out how best to apply existing infrastructure in banking to improve the blockchain ecosystem for financial transactions.
One goal is to create “a periodic table of financial elements”. By examining complex financial relationships such as insurance contracts and derivatives, and breaking it down on a cellular level, Hoskinson believes the ecosystem can replicate what hedge funds, Wall Street and insurance companies typically do. That’s one of the priorities of the Marlowe Project, part of the Cardano ecosystem. The project is designed to allow smart contracts to execute seamlessly in a safe and secure environment. The implications are enormous because they can move industries between a permissioned private system to a public ledger.

Plutus
Plutus, a programming language used for defining smart contracts in Cardano, is designed to understand the triangle: the client side, server side and blockchain side for local computation and coordination. The goal is to create a more holistic and more optimized model for smart contracts. Hoskinson says they’re seeing heavy progress in this area to make Plutus a powerhouse in the UTXO model. He believes that formal verification in this model will be more powerful than Solidity, the Ethereum counterpart.
More developments are in the works for applied standards in the creation of native cryptocurrencies. As the space matures, it will go beyond ERC20 and some of the other standards that are based on Ethereum. Hoskinson says the conversation can get a lot more broad by addressing the accounting and fee structures for a native digital asset. He also says there are some great scalability issues that can be leveraged and implemented in the UTXO model.

Ouroboros
Ouroboros, a new Proof of Stake algorithm, is designed to help optimize the use of sidechains in the ecosystem. Hoskinson says there are many prominent computer scientists who are taking a rigorous approach to Proof of Stake and they’re publishing great papers, allowing the community of researchers to learn from one another. Once decentralization is fully implemented, it’s projected to bring at least 1,000 stake pools, as opposed to 21 or 100, as is the case with other cryptocurrencies that have many fewer delegates. To make these pools serve their decentralized form, the Cardano team has studied the intersection of algorithms and game theory.

Daedelus
The vision of the platform is to make it as functional as Google Play or the App Store, an environment that allows for one-click installation of DApps. As it matures, it will become an easier way for developers to deploy their DApps.

Crypto Space
Hoskinson wrapped up the announcements by addressing the news cycle and last week’s rumors about Goldman Sachs.
“I know the markets have always been hard, and it’s frustrating at times when you see people say things like Goldman Sachs is shorting here, doing this here, and it knocks 10% off the market, even though it’s not even true, and things like that. But at the end of the day, remember that these are short-term blips in a broader, longer time horizon.
The reality is that if this technology is good, it’s better five years from now than it is today. And if it’s going to be useful and change peoples’ lives, if you change billions of peoples’ lives, you have a big environment, you have a big ecosystem, and that’s what we’re going for. And that’s what we’re trying to do, and frankly, a lot of people in the cryptocurrency space are trying to do.
The problem is the markets got a little ahead of our progress collectively as an ecosystem, and expectations were a bit inflated. When that occurs, you have a pullback. But just like the dotcom bust didn’t kill Amazon and Google and end the internet – and we now have amazing experiences because people stuck with it – we firmly believe that we have our best days ahead of us.”

Regarding the engineers who are entering the space, Hoskinson sees a changing tide.
“We see some people that, a year or two ago, didn’t understand or care much about the cryptocurrency space – despite their tremendous academic and engineering skills – now fully invested in the space. And when you’re able to bring a great team of scientists together and a great team of engineers together, and give them the time and the freedom to dream, and the time and the freedom to do amazing things, surprisingly enough, eventually they start doing that.”


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Author: MaxPositives
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