Let me try to explain it in this fashion. User send Ada from wallet. Primary block is created in epoch. Upon confirmation or block write/addition, Cardano SL (second chain) sends key to vault wallet. Vault wallet (designated mobile device) must authenticate transaction within period of time. If confirmation provided, additional block validates primary block. If authentication not received, block records invalid transaction and coins are restored to sending wallet.
The concept is somewhat similar to bitcoin vaulting.
And similar concepts from Sonyâs patent however instead of using a website the second block works as a validator communicating to the vault.
An additional layer would be implemented by the Cardano SL negating a third party. The validation transaction is done by the protocol which already serves as âpartyâ to the transaction.
A lot of those (types) of things are in the pipeline. If you look carefully at the Rust codebase it looks like Multisig is actually already implemented, it just hasnât been deployed anywhere yet (probably more testing etc required). That suggests itâs likely coming to Yoroi before Daedalus, along with some other cool stuff like offline transaction signing.
Your core product is your distributed ledger, originally
invented by Satoshi, repackaged with few extra features by IOHK/Cardano, etherium et al
If this still does not ring the bell , ask your marketing department, they may give you bigger
business picture, but at the end of the day you will be selling this technology to others.
Overall sentiment on this forum is divided between two groups. The one who follow and âunderstandâ technology and the others who have some concerns about RL implementation feasibility of Cardano and cryptos in general. Thoughtfully addressing Michael94588âs concerns would be meaningful start and good
stand (at least in forums).
My current concern is that Cardano has reasonable technical layout, but unrealistic business plan, which makes me wonder how it will make money in the near future?
I was pointing out that , although at this moment is federated⌠is transitioning to become a decentralized platform. When you use terms like âyour product,â âbuyersâ and âsellersâ to refer to a âdecentralized platformâ without a central authority, it makes me wonder if you understand what youâre talking about.
, although at this moment is federated⌠is transitioning to become a decentralized platform. When you use terms like âyour product,â âbuyersâ and âsellersâ to refer to a âdecentralized platformâ without a central authority, it makes me wonder if you understand what youâre talking about.