In this video I talk about the basics of Cardano (ADA coin), the people behind it, how Cardano works, and what the future has in store for it.
1:23 How to think about Cardano
2:13 What is Cardano
5:39 Proof of Stake
8:53 Cardano Scaling
11:47 Competition - Ethereum, EOS, IOTA
Cardano Hub: https://www.cardanohub.org/en/home/
👍🏻Subscribe to my YouTube Channel: https://www.youtube.com/c/boxmining
Community Forums: http://forums.boxmining.com
Telegram announcements: https://t.me/boxminingChannel
💰 Secure your Crypto with Ledger Nano S: https://www.ledgerwallet.com/r/428b
Track ICOs graphically: https://icotracker.org
🤑✔️Buy Bitcoin (US / UK / CA) : https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87
👑 Recommended Exchange - Binance:
💪Donations (Message me for Shoutouts!):
Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz
I‘m currently looking forward for investing in a platform project like ada, neo, ethereum, eos....would be great if you can do a video comparing them...just an idea of a next video i would be interesting in :)
Persреctive IСО 2018 chinesе blockchаin 3,О сarries out AIRDRОР - frеe distrеbution of tоkens fоr аccеssion to Тhеir Тelegrаm. Givе onе minute аnd receivе 14O$ https://is.gd/cvertag Сlick, enТer your EТН address! Coру yоur unique /thanks cоdе tо the official Tеlеgram. He can bе found in the bоttоm of thе раge whеrе a quеstion marк
Hi, you stated that the actual Ethereum has never been hacked. What about the DAO attack that caused the hard fork? I understand that after the attack, they changed the name of the original ETH to ETC and ETH is actually the new coin. However, the attack still occurred when they where still originally as one. Please anybody explain why he is stating never hacked. Thnx!!
EOS seems to be building a larger community due to the way they are doing their ICO, I think it tackles the issues that Cardano wants to tackle in a better way, and it has people that have develop successful platforms already... so I think EOS is a better bet..
Thanks, Great explanation! Love <3 If anyone is interested, you can find me on this Discord channel: https://discord.gg/wFBJZgW It's a great community with with lots of smart people, active chat rooms, and resources. I tried many other discords but this one is the best! Just wanted to share that. Hope to see you there! :)
I've never left a comment on any YouTube channel before but I wanted to leave one here. Great job on the explanation of ADA. You have a great way of breaking things down for noobs like me. You also stay on point and don't get off topic with nonsense or 5 mins of opinion based garbage. I'll be tuning into your channel often.
Cardano is literally only a whitepaper at the moment, all of its value is 100% speculative and based on nothing concrete as the only concrete part of Cardano is it's whitepaper... Same with EOS except EOS tokens are like food stamps, you use them to get the product later on so the tokens honestly solve nothing at the moment.
This is just an open source Etherium 2.0.
Iota throws out the scalability issues and mining while retaining a proof of work system. That's a example of true crypto 3.0.
Proof of stake is flawed. It assumes that the wealthiest people won't game the system. Quite the opposite really. The wealthy will always game the system and will burn it down before relinquishing power.
Hi Michael- can't move my ADA Cardano! Binance keep asking me to start another customer support request and clearly know something is an issue. NO HONEST communication from them whatsoever! SUSPENDED NOW FOR NEARLY A WEEK!!
Does anyone know what is going on with Binance??
Nu if they claim the end create more coins that is really bad. No one keeps their word. When they say trust me and put your faith in me, run.
Anyway I still bought a few because they're cheap. Let's see what happens.
"Inflation only occurs when the community votes it is necessary" quote from someone in Reddit. Don't take my word for granted, I don't know much about Cardano. But it seems like it can issue more coins if they see the need
Maybe in like... 4 years, who knows. You have to look at the market caps.
Ethereum has a circulating supply of ~97 million ETH, Marketcap being $107 billion, Cardano already has 1/10 of ETH's Marketcap and is worth $0.50 each. The circulating supply is huge and it ~could~ take years to match the current ETH, also, Cardano's supply isn't fixed, they can issue more coins and they can also burns coins, this will affect the price in the long term.
TL;DR it's possible, but don't expect it any time soon
Hello Michael, how has your team still not heard of Skycoin? This is the real Ethereum and BTC killer. It’s has actual running products already. Multiple blockchains. Their own coding language with years of actual code, many developers, next level gen 3 consensus algorithm called Obelisk. Their whitepaper(s) were written by early Ethereum devs. Oh and they are now in phase 1 of rolling out their own hardware worldwide to create the new internet, with a 20 conference tour of China.
Thanks, liking your work.
I've never known or seen an asset to be worth $23bn in only 4 months! If it sounds too good to be true, then it probably is. Let's all wait and see. I'm not saying Cardano is a ponzi POS scheme, but certainly looks like one as an un-intended consequence.
https://www.youtube.com/watch?v=6JvhMvZxskM GCN coin https://coinmarketcap.com/currencies/gcoin/#markets buy few milion now and in two years thank me 01.01.2020. this is one of the most underated and most promising projects out there sleeping giant , in 2018 it will go to moon .
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.