Why is Cardano blockchain special?

English General Discussions
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Hey Community

I’ve been looking into Cardano for a few months (6months) doing my research and I took me a while to understand what the company is trying to achieve. I have a few questions and I hope someone that has research Cardano and has more experience can help me.

Why will big companies use Cardano blockchain instead of building their own?

How will ADA the currency generate money for its investors?

What’s so special about Cardano blockchain that other blockchain can’t do besides the scalability?

Personally, I believe in the team I think they have the strongest and most experienced team, However, I will like to know what’s the aha moment about Cardano.

Regards

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Why would big companies use existing solutions professionally-made by a company specialising in the field, if they always can spend few dozens millions of dollars to create their own half-arse non-working solution that they can’t understand?

How will USD currency generate money for its investors? Hm… that sounds weird, isn’t it? Almost like its not a function of a currency at all.

Scalability.

They know what they are doing. Every step.

Regards

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In the most basic form, value is derived from supply and demand. More demand, less supply, value drives higher. Emurgo’s sole purpose is to drive usage (demand) for Cardano’s blockchain.

I agree with @vantuz-subhuman, scalability is blockchain’s Aeschylus’ heel. BTC, ETH, etc all have scalability issues, and Cardano’s team is suppose to solve this problem (verifying mathematically) using POS. Nobody in this space has officially done this. Also Cardano’s team isn’t thinking of a year or two years out, Charles in an interview said they want to see ADA survive 40 years out, which means they have thoroughly thought this thing out.

So like you, I spent months researching cryptos. I do not have a technical background in developing, computer programming, coding, etc. I am a chemist, so I have a science heavy background. The one thing that stood out most to me was their rigorous process of developing research papers and having them validated by peer review. This is a research/work intensive process that is not easy to do. In their papers (disclaimer: I haven’t check out ALL their math) there are able to mathematically prove their processes. If you can prove a process mathematically, then in theory you can develop based on top of these concepts. Right now, they have produced numerous research papers, and now the are building on top of these concepts. SO were halfway through my “aha” moment, and I’m patiently waiting to see some results (and I imagine developing is not an easy process). However, I do believe they have some very intelligent engineers and developers that will be able to deliver these results.

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Since you’ve spent 6 months researching Cardano, I don’t think I can help - sorry.

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Others have said it, bet I can make it most concise: R&D. :smiley:

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Hey Vantuz

Thank you for taking the time to reply to my questions.

Why would big companies use existing solutions professionally-made by a company specialising in the field, if they always can spend few dozens millions of dollars to create their own half-arse non-working solution that they can’t understand?

Excellent point, thank you

How will USD currency generate money for its investors? Hm… that sounds weird, isn’t it? Almost like its not a function of a currency at all.

I have a pretty good idea how the value of the USD is not actually worth anything. However, I don’t get your point. Are you saying that the ADA currency is there to encourage investors to invest but it won’t actually generate any money?

Scalability.

Thank you

They know what they are doing. Every step.

So a very experience team

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Hey Jesse

Thank you for taking the time to answer my questions

In the most basic form, the value is derived from supply and demand. More demand, less supply, value drives higher. Emurgo’s sole purpose is to drive usage (demand) for Cardano’s blockchain.

Thank you I did watch a documentary to understand how supply and demand works. Thank you so much for sharing the Emurgos it’s pretty clear that my research wasn’t as good as I thought so.

**I like the fact that there’s an option that helps other business to pug into the blockchain. **

Now let see if I understand this right will the ADA generate money from transactions that are being made or for the services that the company is providing such as the Emurgos service?

I agree with @vantuz-subhuman, scalability is blockchain’s Aeschylus’ heel. BTC, ETH, etc all have scalability issues, and Cardano’s team is supposed to solve this problem (verifying mathematically) using POS. Nobody in this space has officially done this. Also, Cardano’s team isn’t thinking of a year or two years out, Charles in an interview said they want to see ADA survive 40 years out, which means they have thoroughly thought this thing out.

Thank you for sharing this. I had a feeling that scalability is the main issues that they are trying to solve

So like you, I spent months researching cryptos. I do not have a technical background in developing, computer programming, coding, etc. I am a chemist, so I have a science heavy background. The one thing that stood out most to me was their rigorous process of developing research papers and having them validated by peer review. This is a research/work intensive process that is not easy to do. In their papers (disclaimer: I haven’t check out ALL their math) there are able to mathematically prove their processes. If you can prove a process mathematically, then in theory you can develop based on top of these concepts. Right now, they have produced numerous research papers, and now the are building on top of these concepts. SO were halfway through my “aha” moment, and I’m patiently waiting to see some results (and I imagine developing is not an easy process). However, I do believe they have some very intelligent engineers and developers that will be able to deliver these results.

Thank you for taking the time to explain this. It helped me a lot.

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Hey WayneM

No worries thank you for taking the time to read my questions

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Hey RobJF

Thank you for taking the time to answer

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This is the best damn thing that I’ve seen in awhile. Thanks!!!

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Blockchain 3.0
Scientific Approach.
Team Includes Experienced Engineers.
Team Includes People with PHD’s & Decades of Experience in Cryptography.
Academic Peer-Review.
Third-party Audits.
Transparency.
Global Presence.
No Pump, Just Science.
Use Cases.
Use Cases.
Use Cases.
Use Cases.
Use Cases.

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hello WayneM:
I’m Mike from Taiwan. Would you mind sharing some info on what potential use cases for Cardano? Because compared to other projects, the news regarding collaboration with other big companies doesn’t appear often.

Thank you!

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Big companies like to see something fully up-and-running before they’ll get into bed with it.

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Here are some press releases from Emergo:


Also partnership with Sirin Labs making a crypto phone, cosponcership with Huawei in a trusted hardware lab in Edinburgh I believe, and lots of outreach to African governments.

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thanks for the reply!!!
As for the companies case, I hold a different opinion since big companies probably want their own blockchain, therefore IMO the new companies built on the ICO’s are our current hope( having a good funding platform is also a plus).
Also, another quick question. In places like Africa, why wouldn’t they choose stellar as their go-to solution?

Thanks!!

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Yes, indeed … but they already have a mobile system that works fine for them, so switching to stellar is just an upgrade of the protocol used going from “traditional, centralised” to “blockchain decentralised” so the incentive is too small in my opinion, as África needs a lot of more applications that stellar won’t/isn’t in their interest to do for Africans
Ex, land registry, voting system, managrment, financial application and payment system
So stellar is good as a payment system but Cardano will be too in addition of a lot of more benefits/ applications for Africa

Cardano is so much more than Stellar, actually they dont fall in the same category in my opinion …

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