RE: Monthly Crypto Portfolio Update (August 2018) by kabir88

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Viewing a response to: @newageinv/monthly-crypto-portfolio-update-august-2018

· @kabir88 ·
Not sure how I missed this post @newageinv, I may have unfollowed you do to my clear out last week. I have decided to follow fewer people so I could engage better with those that I do follow!

I am still very optimistic on Cardano. It has the best credentials of any of the projects I have come across. The problem with Cardano is that their technology is so advanced, very few understand what makes it so good.

Some call it the Japanese Ethereum, because of its smart contract abilities and possibly the link with Ethereums ex-CEO and co-founder, Charles Hoskinson.

Others talk about how it's different because it uses Proof of Stake, rather than proof of work like Bitcoin and Ethereum.

Some think it's like EOS, as a possible PoS platform, for running dapps or tokens.

What a lot of people are missing is the complete rewrite off all the code, from new, in the most secure programming language possible.

It's about doing more than showing a technology can do something or have a use case. It's about making sure that what ever it is designed to do, it does every single time without any flaws. That is a very high bar and that quality of work takes time.

The smart contract layer has a totally new VM being built that will be able to convert smart contracts written in a variety of languages to its native language. The test net allowes anything that can be written in Solidity (Ethereums smart contract programming language), to be ported into Cardano.

The system is being built from the ground up to allow side chains, which could then have custom features, allowing the whole Cardano system to have TPS faster than anything we've seen on any other platform.

I could talk about Cardano for hours lol

@kabir88
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@newageinv ·
Great to see you back!  I understand as I also go through some cleaning every now and then.  Thanks for the thoughts on Cardano!  I still have my eye on it as I think it has potential although the market seems to be rough to those projects that are not yet launched.  Will be great to see them meet their roadmap objectives and deploy to demonstrate the power of their technology.
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