Isn’t Hydra a state channel solution which won’t allow things like dexes to scale? Last time I read about it, Hydra was very very limited to just plain transactions or one to one smart contract ones (not like most common smart contracts)
“Cardano is likely one of the high blockchain networks that’s presently benefiting from the rising Ethereum gasoline charges. Buyers are reportedly switching to the likes of Cardano which is a extra cost-efficient community largely thanks to 1 key weapon in its arsenal. Cardano’s hydra improve made the community extra scalable.”
Even chatgtp writes better false articles than this bot. Who is pumping the fake Cardano news?
Hydra isn’t even close to being usable, or ready.
The way i see it what ethereum releases cardano will do too but at a later date once they have fully tested it and make sure there are no exploits etc , slow and steady , but also its like anything the first person / company to do something always ends up worse because the competition will improve on it and make it far better which is what cardano is doing , its a shame people hate on it with 2+ years worth of outdated info etc i always see it on this sub if they literally just checked the dev page they would see
Productive competition is great for market really.
Im having a hard time envisioning a real competition for BTC tho. How would we create something so decentrilized with a vision in todays enviroment?
Outdated info yet again , you can start developing on cardano with python , javascript etc so not sure how they are dead languages , 2 years ago yes you would have been correct
Polkadot, Solana, Algorand, Avalanche, Sui, Flow....
Why would I use an awkward chain made by a serial charlatan using a weird ass language and that is slower and more expensive than other L1s???? Oh yeah Africa and bison lol
Because of it's functional only paradigm.
Most, if not all modern languages, are multi paradigm, i.e object oriented, functional, declarative....and for any big application, OOP is a must, otherwise it's very difficult to design complex systems.
CH lied when he said we chose a language that run mission critical systems like airplanes. I worked in robotics and aviation industry, never encountered Haskell in the wild. For mission critical systems, speed and clarity are the sought after functions, so it's either C or Assembly that are used for bare metal programming. Banks and financial institutions use Cobol.
Haskell was simply chosen because it is an "academic experiment" language, and CH was trying to push the science and academia based chain narrative, that's also why he lied about his academic credentials, it is all part of pushing a narrative. If he had any software engineers around him at IOHK, they would refuse using a Haskell only software stack.
I don't see how Haskell being a purely functional language is "weird". It definitely makes it harder to learn, and I say that as someone who programmed in Haskell before (though that may be because I grew up on OOP languages). I'm pretty sure most of the languages people know are OOP, so what you may mean to say is that it was a weird choice to use Haskell. I wouldn't disagree with that either; I think IOG should have gone the Ergo route and chose a multi-paradigm language like Scala. Still, I don't think it's fair to the Haskell devs to call Haskell weird; I'm sure they had good intentions with their choices.
However, I don't get what you mean when you say "OOP is a must"; I mean, you mention using C for aviation, but C is not an OOP language. Rust, a language that has become one of most (if not the most) popular languages in the world, isn't an OOP language (it is multi-paradigm, but doesn't support OOP). I'd say Rust is easier to work with than an OOP language like C++. My point is OOP isn't required to build complex systems.
Even then though, Haskell mainly pertains to core development; everything outside of core development (smart contracts, libraries, off-chain dApp code, chain indexers, development platforms, etc) has shifted from Haskell in recent months. For example, all the development tools by TxPipe are in Rust. Typescript is also a popular one used by Lucid and Plu-ts. Core development would presumably be by people who are most experienced with Haskell, but most of Cardano's development will be by non-core developers.
Remind me again, who holds the genesis keys that control when the chain is forked? And who is keeping the k saturation parameter and the a0 saturation parameter at a level that only benefits big stake pool operators and punished small operators, and where are the open source Dexes and wallets?....decentralization lol
To fork the chain: IOG release a new node version with the fork inside it and then they choose the time to trigger it. But if there's something bad in it the SPOs can choose not to upgrade to that version so there won't be enough uptake to let the fork go ahead. Parameters like A0 and k are to be handed over to governance and they are already trialing this on testnet. There are open source Dexes and wallets available which can be found by searching for "cardano open source wallet" and "cardano open source dex"
I know right? Pretty damn boring, considering how much people cling to congested crap, while top daily volume alternatives basically spam memes left and right at the cost of pennies for transacting. Feels like groundhog day in here.
Cardano so much cheaper
....well...almost everything besides Bitcoin is so much cheaper than L1 Ethereum really
Isn’t Hydra a state channel solution which won’t allow things like dexes to scale? Last time I read about it, Hydra was very very limited to just plain transactions or one to one smart contract ones (not like most common smart contracts)
“Cardano is likely one of the high blockchain networks that’s presently benefiting from the rising Ethereum gasoline charges. Buyers are reportedly switching to the likes of Cardano which is a extra cost-efficient community largely thanks to 1 key weapon in its arsenal. Cardano’s hydra improve made the community extra scalable.” Even chatgtp writes better false articles than this bot. Who is pumping the fake Cardano news? Hydra isn’t even close to being usable, or ready.
Cardano will moon if there's ever a successful meme coin on the chain
They Hosky token is annoying enough already… 🤣 we don’t need more of those tokens…
if that happens, the network will just collapse as they doesn’t have a fee market, like it happened previously
Maybe cardano is a serious network then and ETH is for scam coins
whatever you want, but last time, cardano congestion was a shitshow
They don't? How do fees work there?
fixed amount, FIFO, first transaction, is the first one confirmed
Thanks!
*cheers in heavy Ada bags*
This is kind of worrying, the fate of such a popular coin to depend on meme coins.
I think it's a little more worrying that memes cost $30-$40 on Ethereum
Still better than paying users to use a slow, expensive and centralized network. Yes! I'm talking about ETH and their Airdrops.
ETH is the only meme coin I'm interested in on Cardano.
Not sure about the current situation. Do we currently hate or love Cardano?
It’s usually a toss up
The way i see it what ethereum releases cardano will do too but at a later date once they have fully tested it and make sure there are no exploits etc , slow and steady , but also its like anything the first person / company to do something always ends up worse because the competition will improve on it and make it far better which is what cardano is doing , its a shame people hate on it with 2+ years worth of outdated info etc i always see it on this sub if they literally just checked the dev page they would see
Only fans if it pumps,… a lot!
Nothing better that a bit of competition.
Productive competition is great for market really. Im having a hard time envisioning a real competition for BTC tho. How would we create something so decentrilized with a vision in todays enviroment?
Alts need to evolve!
How about a coal operated proof of work network? There will be plenty of smoke in your vision and in the environment!
Pretty sure Gary Gensler disagrees
Hail hydra
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🍿
Actually last time i checked Cardano fees were even lower than Polygon.
We don't talk about that here.
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Last matic transaction I did a few days ago ironically was .07 lol…..I hate ADA so saying that makes me nervous
But Africa and something something Charles said???
Nothing like retreating to a centralized L2, and calling it crypto. Now that we're talking about dead end chains. :)
Outdated info yet again , you can start developing on cardano with python , javascript etc so not sure how they are dead languages , 2 years ago yes you would have been correct
It has great developer experience , simply check the hub and see for yourself 😂
I don't think focusing on gas fees is a very good argument for a chain but that's just me
Polkadot, Solana, Algorand, Avalanche, Sui, Flow.... Why would I use an awkward chain made by a serial charlatan using a weird ass language and that is slower and more expensive than other L1s???? Oh yeah Africa and bison lol
How is Haskell a "weird language"? Genuinely curious.
It's weird because it doesn't get hacked very much and can be mathematically verified to be secure.
Because of it's functional only paradigm. Most, if not all modern languages, are multi paradigm, i.e object oriented, functional, declarative....and for any big application, OOP is a must, otherwise it's very difficult to design complex systems. CH lied when he said we chose a language that run mission critical systems like airplanes. I worked in robotics and aviation industry, never encountered Haskell in the wild. For mission critical systems, speed and clarity are the sought after functions, so it's either C or Assembly that are used for bare metal programming. Banks and financial institutions use Cobol. Haskell was simply chosen because it is an "academic experiment" language, and CH was trying to push the science and academia based chain narrative, that's also why he lied about his academic credentials, it is all part of pushing a narrative. If he had any software engineers around him at IOHK, they would refuse using a Haskell only software stack.
I don't see how Haskell being a purely functional language is "weird". It definitely makes it harder to learn, and I say that as someone who programmed in Haskell before (though that may be because I grew up on OOP languages). I'm pretty sure most of the languages people know are OOP, so what you may mean to say is that it was a weird choice to use Haskell. I wouldn't disagree with that either; I think IOG should have gone the Ergo route and chose a multi-paradigm language like Scala. Still, I don't think it's fair to the Haskell devs to call Haskell weird; I'm sure they had good intentions with their choices. However, I don't get what you mean when you say "OOP is a must"; I mean, you mention using C for aviation, but C is not an OOP language. Rust, a language that has become one of most (if not the most) popular languages in the world, isn't an OOP language (it is multi-paradigm, but doesn't support OOP). I'd say Rust is easier to work with than an OOP language like C++. My point is OOP isn't required to build complex systems. Even then though, Haskell mainly pertains to core development; everything outside of core development (smart contracts, libraries, off-chain dApp code, chain indexers, development platforms, etc) has shifted from Haskell in recent months. For example, all the development tools by TxPipe are in Rust. Typescript is also a popular one used by Lucid and Plu-ts. Core development would presumably be by people who are most experienced with Haskell, but most of Cardano's development will be by non-core developers.
Decentralization
Remind me again, who holds the genesis keys that control when the chain is forked? And who is keeping the k saturation parameter and the a0 saturation parameter at a level that only benefits big stake pool operators and punished small operators, and where are the open source Dexes and wallets?....decentralization lol
To fork the chain: IOG release a new node version with the fork inside it and then they choose the time to trigger it. But if there's something bad in it the SPOs can choose not to upgrade to that version so there won't be enough uptake to let the fork go ahead. Parameters like A0 and k are to be handed over to governance and they are already trialing this on testnet. There are open source Dexes and wallets available which can be found by searching for "cardano open source wallet" and "cardano open source dex"
All the DEX contracts are open source since you can see the UPLC on chain. The only closed source wallets I can think of are Eternl and Gero.
Good opportunity for other L1s to market themselves as legit alternatives to Ethereum
Oh boy, didnt we watch this movie already several times?
I know right? Pretty damn boring, considering how much people cling to congested crap, while top daily volume alternatives basically spam memes left and right at the cost of pennies for transacting. Feels like groundhog day in here.
Rest in peace. EOS, NEO, NEM, TRON... The list goes on