Topic: Cardano (ADA), The Public Chain for Smart Contract will be Launched Soon (Read 195 times)

I have a sense that they just write down some code, and next day they delete that code and just write it again to make it look like they are working on something. It has been years since they started working on this project and for years they haven't come close enough as some other projects that has been around much less time.

I get that they might be working towards making it happen, but we all know that it is not going to end up with a good result if they are slow like this, just working hard means nothing if there is no result to show for. ADA probably has good intentions, team is probably working hard, but I feel like it won't mean anything in the end.

Yes, and perhaps that what in their mind, I mean they have the support and consensus of the community and so they will always have to released this kind of roadmap to hype their project again and again.

And it seems to be working though, so as long as they are going to be active, I just it's they are going to be fine and survived this bear market. And that is one thing, they wanted to have their new iteration released perhaps in the bull run to take advantage of it and have the investors pour money again, pushing a new all time high in the next coming years.

Still? They have been working on this smart contract for so long, so many years, that I still can't believe it is not fully functioning big thing already. So many projects have their own smart contract already, and it is a shame that ADA still doesn't have a widely popular one that they created so long ago.

In the end, it could be like ETH or BNB where people have a ton of project, or it could be like SOL and be mediocre, or it could basically turn out to be like TRX and simply just have nobody really caring about it and ignoring it largely. Just because you have smart contract doesn't mean that the price will go up, it depends on how much it is used.

Agreed, Cardano has been trying for a long time to build smart contracts on their chain but they are failing to launch their new products. But I also want to give them time because the value of its native token is increasing every year. Maybe they are going to bring us a different style of product which is taking so long.

In terms of execution with their network, it seems SOLANA is surpassing ADA now.
I have seen some exchanges integrating SOL network already.
But with ADA, I haven't seen any yet. Because they haven't launched their network up until now.
And the popularity of SOL is getting stronger and many are going into this chain.
Let us see if ADA can truly compete with its competitors and attract users once deployed, which is yet to be seen.

There's currently no ETA on when Cardano's smart contract will launch. The dev team have been postponing the date for a long time now. Anyway, I'm not so big on ADA smart contract mainly because smart contracts have been existing and is available on all major layer 1 projects and ADA is just late to the party while hyping their SC launch to the fullest.

They have talked about smart contract "coming soon" for about 3 years now. People actually did believe that it would happen eventually but that really didn't happen at all, it was just not something that I would advise people to wait any longer. I get that they are getting closer and closer but for a team that failed to deliver this much and a product that only has a potential if the developers work hard, it is not a good investment at all.

I get that it is not really incredibly popular to say that ADA is not really cool and all because everyone loves it and it got hyped to moon for a long time and became third even without smart contract when there are tons of coins with smart contract and ecosystems that were under it. However I still believe that it is just not good at all.

For real, Cardano dangles the hook of SOON whenever there is a dip in prices. I'll believe they are releasing smart contracts when I see it, until then I am buying Celo and NEAR.

"Cardano (ADA), The Public Chain for Smart Contract will be Launched Soon"

Cardano should have rebranding and should change name to Soondano. I'm in crypto space since 2017 and since 2017 cardano is soon to launch something XD And after 4 years still no one use cardano because there is no working product.

I even created a topic in which I state that cardano will never launch final product because: "Crypto - place where promise is worth more than product"

Even if they will launch their product it will end up with 90% dump ... when overpumped expectation will meet final product. Just like CDR (CD project) stock price after Cyberpunk 2077 launch and dump from 450 to 150.

I think Cardano has always said that they will launch their product soon, but until now the product from Cardano have not been launched, but i hope if the product from Cardano will be launched soon, so that it will make a positive impact for Cardano and of course the price of Cardano will definitely will be able to increase very high (create a new ATH price), so I think now is the right time to invest in Cardano, because the price of Cardano is still down and the product from Cardano has not been launched, so if the product from Cardano has been launched, then of course you will get a lot of profit from investing in Cardano at this time, because the price of Cardano will definitely increase very high and create a new ATH price.

Why is Cardano always saying it’s going to do stuff in the future? It just pisses me off I feel like they never have the product ready and are just trying to convince people to keep investing hoping that one day they can figure shit out and make these products work. This is why I’m a fan of NEAR and won’t be a fan of Cardano until they have something to show for. NEAR does things first then talks about it, they don’t continuously make promises that they can’t/don’t live up to. NEAR has already done the things Cardano promises and more, it’s a much solider product and team than Cardano. I was bullish on Cardano but can’t stand when they do stuff like this. I honestly think that Cardano is just holding onto old hype and trying to survive. In my opinion it’s a drowning project and projects like NEAR are the future while Cardano is the past! I’d love to hear your guys thoughts though.

If you do a deep dive and research NEAR protocol, you will see that it is more technologically advanced than Cardano and it works right now, not in a few years.

Cardano (ADA)
Cardano, similar to Ethereum, is a smart contract platform committed to becoming a new generation of lower-level basic public chains that are more convenient, faster and smarter, and completely open-source. The founder, Charles Hoskinson was also one of the co-founders of Ethereum. At present, the development progress of Cardano is a smart contract platform, which is called the first blockchain project “driven by scientific philosophy and research”, and its development team is composed of a large number of expert engineers and researchers from around the world. Cardano adopts PoS consensus mechanism that does not require mining and an Ouroboros consensus algorithm.

There are three main official participants in the Cardano project: the Cardano Foundation, Cardano’scommercial incubation company Emurgo and the technology development company IOHK. The Cardano Foundation will promote Cardano to a broader community, popularize cryptocurrency knowledge, and excel in regulatory communication. IOHK is the engineering and code development organization behind Cardano technology. Emurgo is committed to integrating the platform with businesses.

Cardano Foundation
Cardano is operated by a non-profit company called the Cardano Foundation. The foundation provides multiple development directions for Cardano and the whole blockchain business. They are committed to extend Cardano to wider communities, popularizing cryptocurrency, and communicate with the government for supervision. The foundation provides a standard framework to promote cooperation between enterprises. The service is similar to the Enterprise Ethereum Alliance (EEA) of the Ethereum network and NEO’s partner Onchain. Even though it is not a non-profit organization, it can also connect the public blockchain with the government and enterprises. Blockchain platforms such as NEO, ETH and Cardano are distributed. They provide a centralized publishing organization for enterprises, just like the publishing house of the platform.

Input-Output Hong Kong（IOHK） (Technical Support)
IOHK is an academic institution that provides solutions for enterprises and governments to develop blockchains. The agency is led by Charles Hoskins and Jeremy wood, former CEO and executive assistant of ETH.

Among the three institutions behind ADA, IOHK is the most relevant entity of the project, led by Charles Hoskinson and Jeremy Wood. Charles first co-founded Invictus Innovations company, which issued BitShares, and then moved to Ethereum as the CEO! At present, he is the CEO of IOHK! Jeremy used to be an executive assistant of Ethereum. He also worked as a CSO in IOHK for nearly three years.

IOHK supports Cardano and has 17 research teams. These teams have been responsible for the development of Cardano’s technology and digital wallet. IOHK also supports other blockchain projects, including Ethereum Classic.

Emurgo
Emurgo, based in Japan, helps existing enterprises and invests in related industries by integrating blockchain technology to connect businesses to the Cardano blockchain. IOHK, Cardano Foundation and Emurgo have a clear division of labor and are associated with each other.

Layered Technology
In short, the information that Bitcoin can support is general value transfer data, such as the transfer parties, transfer time and transfer amount. Ethereum, the second generation blockchain, supports more information, such as transfer conditions, reasons, entities involved, etc., which are metadata. Ethereum refers to the connection between actual value transfer and associated metadata as smart contracts, which are programmable contracts.

However, for Ethereum, since there is no separation between settlement and calculation, these information is stored together, regardless of whether metadata needs to be included all the time. The more data in each transaction, the higher the cost, and the more difficult it is for the blockchain to store the information.
Cardano separates transfer and information \. They separate the platform by dividing it into two different layers:

Cardano Settlement Layer (CSL): It is responsible for the token economy and the balance of all user accounts. Cardano’s native token ADA trades through this layer.

Cardano Computation Layer (CCL): Smart contract functions are in this layer and support regulatory elements such as digital identity.

The block reward will be issued every 3.5 minutes. The distribution frequency is as follows: initially, 2,000 ADA tokens will be generated for each block, with a total of 37,44,961 blocks; In the second stage, each block produces 1000 ADA tokens, totaling 37,44,961 blocks; In the third stage, each block produced 500 ADA coins, a total of 37,44,961 blocks. By analogy, it will take about 24 years to halve each block of 37,44,961 and produce three blocks per minute until all of them are released. 75% of the ADA coins generated in each block are used as the reward of the holders, and 25% are used as the reward for technology development and ecosystem builders after the project is launched. As long as users participate in the R & D and development of Cardano application, they may be rewarded.

Development Roadmap
According to Cardano roadmap, the development stages of Cardano network mainly include the following five stages:

Byron: The guidance phase allows users to trade and transfer ADA tokens.
Shelly: The decentralized stage where it becomes a completely decentralized network.
Goguen: Develop and integrate the smart contract platform in the smart contract stage. (Will be launched soon)
Basho: The scalability phase where the smart contract is improved to increase performance, security and scalability.
Voltaire: The governance stage where IOHK introduces a financial system and governance to ensure the long-term development of communities and projects.

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