/biz/ - Business & Finance

>>26148416
>with a platform that can't even function on-chain
because L1 should always be as decentralized and secure as possible,
so it's inherently better to scale via L2's so you don't centralize L1

forcing people to process such huge volumes of traffic inherently limits who can validate the L1,
and a decentral L1 is far more important than pure speed

Ouroboros Hydra will literally bring 100k - 1mil TPS this year or next
so why would you even want to operate on L1?

>Fudding the whole space and current technological knowledge in order to fud AVAX
nope, I'm shitting on projects that don't understand tradeoffs

L2 = district/regional courts, handles the super-majority of traffic
L1 = supreme court, resolves disputes from higher courts in a highly secure/decentralized way

Avalanche retards:
"duhh why can't every court be a supreme court"
"why doesn't the banking layer do Visa-level throughput"
"duhhhhhhhhh"

Avalanche's only selling point seems to be the consensus model,
so my question to you is:
what stops a well-rounded project like Cardano just adapting Avalanche consensus?

Avalanche has:
>less money
>less academic credence (no, having a PHD founder isn't enough)
>a smaller community
>no governance mechanism
>no decentralized treasury/funding mechanism
these are all far more important than "muh speed"

and it will take far longer for Avalanche to have those ^ points
than for Cardano to adapt Avalanche consensus to their needs
(if it even proves to be viable, which is still questionable)

>>25716180
ADA

>>25716596
>Tech
>Avalanche, Pretty clearly
please explain

Cardano has:
>native asset standard - tokens are cheaper / simpler to work with
>hardfork combinator - ensures safe/smooth upgrades (no accidental chain splits)
>network fees can be paid in other tokens (if approved by governance/liquid enough, ex: USDC, WBTC, LINK)
>governance for projects inside/outside Cardano

>Ouroboros proof of stake - formally verified + provably secure
>designed from first principles
>90+ academic papers with hundreds of citations
>inspired much of Polkadot's BABE consensus mechanism

>E-UTXO allows for safer/easier network sharding
>superior Extended-UTXO model
>Ouroboros Hydra layer2 - scales smart contracts / transactions
>each stake pool can run a Hydra head, 1000+ TPS per head
>1000 Hydra heads = 1 million TPS

>digital identity/credential standard - Atala PRISM
>product authentication standard - Atala SCAN
>supply chain provenance standard - Atala TRACE
>meta-data standard

>frictionless staking - no slashing lockup / minimum stake
>already has 1400+ stake pools
>decentralized governance - community makes decisions, not some foundation/random people
>decentralized treasury - allows funding of projects that provide value to Cardano/ADA
>predictable fee costs
>smooth upgrades due to modular design

>Plutus - functional programming language
>Marlowe domain specific language - easily build secure financial contracts
>IELE virtual machine - create dapps in any popular language
>developed Sonic - state of the art ZK implementation

TL;DR
Cardano
>faster
>cheaper
>more secure (tested against highly rigorous standards)
>more decentralized
>more sustainable (governance + treasury model)
>easier for users/developers to work with
>has an effective adoption strategy, which is already underway

as far as I know, all Avalanche has is a more efficient network stack
and this is something other networks can implement if the tradeoffs are worth it
does Avalanche have any USPs?

>>25175896
your point?
In the dotcom bubble
Amazon was $100+ at the peak
and $8 at the bottom

>not buying superior tech because it's too cheap
stay poor dumbass

>>25148557
>Just look at bitcoin, it's shit compared to more modern currency coins, slow and expensive as hell.
>And yet it still sits comfortably on the throne with no end in sight.
Bitcoin's main value proposition is scarcity,
it doesn't need to move a lot to be valuable

>Ethereum will be the same.
>Ethereum is not even that far behind in tech since they are working hard on 2.0, so it goes double.
Ethereum needs to be widely used to be valuable
it was simply never designed to be used on a large scale

ETH2 is at least 2 years away,
and the main thing it changes is PoW -> PoS
(doesn't even look like we'll get Sharding at this point)
Ethereum will still be terribly optimized with questionable security
all the awful design choices they made will still be deeply embedded
for example
>account model = smart contracts are more difficult to construct securely
>account model = Sharding is much less efficient
>every ERC20/etc token requires its own smart contract, adding massive unnecessary overhead
>can't pay fees in other tokens - why not?
>minimum 32 ETH to stake - they literally picked a random number of validators and divided by the supply of ETH
>stake slashing is a poorly conceived mechanism, discourages people from staking
>no governance or treasury mechanism - questionable long term sustainability

read:
>>25148482

>>25124064
>because its reddit as fuck
>using reddit as an insult
get laid anon,
people use multiple platforms for different things

>hoskinson is an egomaniac faggot
Charles has earned the right to be proud of his creation
can't say that about most founders in crypto

>>25114234
>Cardano
>shitcoin
NGMI

>>25083288
>ethereum is securing
>securing
don't stretch that word too hard anon
you might break it into tiny shards

Ethereum was a great idea,
but it was never designed/engineered with the necessary rigor to handle $trillions of value
>poor token economics
>hugely inefficient
>unpredictable operating costs
>insecure operating environment
>no governance mechanisms
>no decentralized treasury
Ethereum's core consensus mechanism isn't even provably secure

Cardano is taking the time needed,
building their infrastructure to last a century and beyond

also, what do you expect their chart to look like?
they launched right before a multi-year bear market

>>25083440
someone's defensive!
plus you're arguing in bad faith

>fucking laggards jumping from hype to hype
hilarious!
Ethereum has walked back on nearly every promise made
>plasma will scale us!
actually never mind
>1024 execution shards
actually nevermind
>64 execution shards
actually nevermind
>a few execution shards(?)
>rollups will scale us!
[YOU ARE HERE]
actually nevermind

>more tps than ethereum
yep!
Cardano's protocol was designed with scalability in mind
and their native layer2 system (Hydra) will sit perfectly on top
>staking blockchain
yep!
Cardano's staking is leagues ahead of Ethereum
user friendly, no slashing or lockup, and no minimum to stake
>defi blockchain
yep!
$20billion on Ethereum is cute,
but Cardano is the only network robust enough to handle $trillions

>>25038503
eventually they'll realize
until then, we keep stacking ADA

>>25039549
>I see ADA vs ETH like I see Microsoft vs Apple
>Microsoft might not have a better OS, but everyone is already using it and knows how to use it
I disagree, though I did use to think the same way

1) Ethereum is totally incomparable to Windows
>Windows 1.0 (1985-1987) 500,000+ copies
>Windows 3 (1990) 10 million+ copies
>Windows 95 (1995) 40 million+ copies
whereas Ethereum has a most a few million
and they aren't "users", they're investors

just look at Ethereum's most used apps
>UniSwap
>Maker
>Compound
>Aave
>Synthetix
all for speculation or leverage
they don't have a loyal user-base

Blockchain lock-in is also much weaker than OS lock-in
>OS change = spend days/weeks adjusting
>blockchain change = download new app or use the same (multi-chain) app
liquidity can be easily bridged across different chains

developers can also easily develop for multiple blockchains at once via Cardano's KEVM framework
blockchains tend to have less app-breaking updates,
so there's no reason not to develop for multiple platforms at once

2) there have always been compelling reasons to use one OS vs another
>core consensus/game theoretic mechanisms designed by a bunch of inexperienced kids
>simple actions are hugely expensive
>inefficient/slow
>highly insecure developer environment
>no decentral governance AKA centralized control by the foundation and a few social media figureheads
>no decentral treasury AKA no way to ensure core development remains funded into the future
>no formal commercial adoption plan
>fractured layer2 ecosystem
Ethereum was the first mover smart contract platform,
and they absorbed every mistake into the core of the platform
eventually Ethereum will collapse under its own weight

don't take my word for it
most big Ethereum dapps have expressed interest in expanding onto other platforms

>>25040715
>tron because any solidity dev can eaily port
Cardano can do the same
look up KEVM

When will you bend the knee to Cardano?

>>24789128
>ETH is being used by millions. Literally millions are making and losing money on DeFi alone.
Ethereum is only being used by power-user investors
Few everyday people are buying ETH to pay for $30 gas fees
and the ones that are likely resent how bad the experience is...

Cardano allows for fees to be paid in the token being sent,
so users sending DAI will also pay the fee in DAI,
and pay much lower fees, since Cardano's asset standard is highly efficient

you're not sleeping on Cardano/ADA, are you?