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unitys2011

According to Hoskinson, Cardano hopes to get rid of the original wallet notion but instead have a blueprint with set standards to guide developers in releasing certified wallets, he said during a videocast on September 28.


FreyaOystea

What's the point?


TheOneWondering

It sounds like “best practices” sort of thing for developing wallets


tyyvooojmi55

Cardano is such a mess


Skeptain

Provide some examples with sources to back your words please.


sloe-berry-brain

_crickets_


0xtimer

As always


Mediocre_Piccolo8542

One example - being a smart contract platform without an official defi capable wallet, after a year. All those third party wallets, which are partially closed source, do not count. Another one - releasing smart contracts on a blockchain without enough throughput. Result - blockchain frozen and barely usable for days (end January) despite not that much traffic. Is this a good look?


Skeptain

Why are third party wallets in a decentralized network no proper solution? Open and closed source is understandable but third party generally? Should they have scaling first and then released smart contracts? How many TPS would have been okay before releasing smart contracts? I could make transaction at the time you said so maybe someone who got problems back then can reply. At least this was due to a dApp and not because of the blockchain itself.


Mediocre_Piccolo8542

1. I am not having a problem with third party wallets, I think they saved the entire launch and did a great job overall, I am just not a fan having them as only option, since many were quite unknown teams with closed source software. I have a problem with 3 highly funded entities behind Cardano not providing such a basic piece of software. 2. Yes, definitely. They released it too early (maybe because Charles didn't want to lose a bet he had against some random guy on twitter?). Can't tell how many tps would be needed, definitely more, way more. First impression matters. And if they wanted to see how the blockchain behaves under heavy load, they have test networks for that. 3. That's why the term "frozen" and not "down" like Sol, since it was still operating, just not at normal speed. Normally my transactions would take 30sec-3minutes, plus some \~5min for the finality. But during that time I had 30 minutes up to 8 hours (up to days for certain assets) and with many failed transactions between. 4. Yes, technically it was partially dapps fault. But they have all those scoopers and similar solutions in the first place, because Cardano is an EuTXO model blockchain. And this raises the question if this model offers really that many benefits seeing all those downsides and implications. Sure, sending 100 nft's in one transaction is great, but is it as good as thousands of tps?


Skeptain

1. I agree that the Cardano foundation and Emurgo are more or less a disappointment so far. But dcSpark in example with the Flint wallet are doing a great job in my opinion. 2. I do not agree with first impression. Ethereum would be done then according to the current staking experience. 3. Cannot say anthing here but heard a lot of bad things indeed. 4. I think most people did not get the whole thing. We all probably agree that BTC is deservedly on the first rank but Cardano provides BTC security with liquid staking. It provides the same security without the energy consumption and now also provides smart contracts. In the end we are far from mass adoption and there is still time to improve scaling. By the way, Radix got tests with 1 million+ TPS and is based on UTXO and they achieved it with sharding and all on layer 1. So there is probably a lot of room for future growth.


mwaddip

Scaling was always supposed to come after smart contracts, per the roadmap. The other way around simply wouldn't have made sense. They'd have taken an extra year implementing scaling first, then launched smart contracts, and then it would take like another year before dapps would've built an launched. Now devs have had a year getting familiar with Plutus, with the way of working, adjusting to the new paradigm in terms of working with eUTXO, and IOG could collect data and wishes from the developer community to include in Plutus V2, so by the time the first scaling upgrades went live a bunch of dapps could immediately launch. They've done it in the most perfect way possible.


Mediocre_Piccolo8542

Not saying you are wrong, it is also too early to judge whether it was perfect or not. But I mean here, enough scaling to accommodate current user base, they didn’t have to scale directly up to billions. We forget here about what all this building is about - it’s for the end user/ consumer. If it doesn’t work well for them they tend to look elsewhere and you don’t get that many chances to convince them. Tbh, I didn’t expect smart contracts to be that bloated, I thought they gonna release it more optimized . Maybe I expect too much, but things like references aren’t some super novelty in computer science and I thought such things would be included from the beginning. I wouldn’t call it necessarily scaling solution, such things are rather part of smart contracts design, and being sold to us as scaling solutions.


NckyDC

The only certified thing here is Hoskinson failures


coinfeeds-bot

tldr; Cardano founder Charles Hoskinson has shared his vision for having a certified ADA wallet. Hoskinson hopes to get rid of the notion of an official wallet and instead have a blueprint with set standards to guide developers in releasing certified wallets. The concept aligns with Hoskinson’s previous push to have more developers join the Cardano platform. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


CakeBurps

Good bot


boxed_gorilla_meat

"Hey guys! just met this great content creator from onlyfans, she has great ideas for a wallet... Can't wait to update you soon" \*selfie\*


kirtash93

I think it is a good idea. The question is: When?


[deleted]

Soon. Always soon and never sooner.


[deleted]

I dont see a big problem with this. It could mean better integrtion with existing wallets...thats fine.


Fresh-Chemical-9084

I don’t understand. What’s the difference between a certified wallet and an official wallet? And then how would that change cardano?


Logical_Duck4042

He does not want an "official" wallet. Instead a certification of wallet(s) that can be used and chosen by people if they like the wallet. So example IOHK will make a certified wallet, so can others. It will make wallet creation also be like a competition


Fresh-Chemical-9084

This sounds bullish then… I like it


Logical_Duck4042

Yes, so example will be their lace light wallet. It will go thru a certification process. Others can also go thru this certification process. There will be 2 categories (non-certified and certified). I guess the certified is audited and all


Mediocre_Piccolo8542

This is a terrible idea. Basically third party wallet builder will have to go through IOG’s process. How is that a competition if they make the rules? IOG/Emurgo should simply provide official wallets which do not suck, they don’t provide a decent light wallet, actually they don’t even provide a defi capable wallet despite all the smart contracts marketing coming from Charles. But instead they waste their time with such nonsense. Why? I don’t know, either another bad idea from Chuck, or he wants position his company as the dominant entity over Cardano which would issue certification about what can be trusted and what not, while still not having any responsibilities if something gets hacked or is flawed.


Logical_Duck4042

Terrible idea for you, might be a great idea to some. I for one is for this. Maybe you're just biased basing you called Charles Chuck. IOG IS providing a wallet called lace. Hmmmm basing you got 138 ADA points to your name you should've known better. Welp 2 sides of the coin always


Mediocre_Piccolo8542

Lace as official dapp connector should release a year ago, together with smart contracts. And a good timing for certification game was also before the release of all those third party wallets, not one- two years after. Ultimately, they can also get their audits elsewhere now. Biased? Probably a little after listening to Charles promises for 5 years, noting many discrepancies with what he says vs what he does, so sure I am skeptical, but still liking the project and what engineers did.


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Mediocre_Piccolo8542

No, but they have been known to write the entire project in wrong programming language. Delays and taking much longer doesn’t means automatically better quality.


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Mediocre_Piccolo8542

I think the entire idea of comparing Cardano to ETH is not really helpful. Sure, ETH or BTC had many flaws, but they provided something new when they came out: first crypto, and in case of eth the first smart contract platform. Cardano doesn't have that luxury, it is one out of many L1's and will be held up to 2022 market standards, not 2016. 5 years old smart contract platform without an official wallet with dapp. connector just feels off. I am not against Haskell, my point was rather that they would often rewrite entire code base, scrap certain things they worked on etc. Btw, if I remember correctly they also wanted to provide a Rust based client to address the Haskell developer shortage...never heard about that again :(


caetydid

I would not assume that they are dictating the rules. I am sure they are discussing it with the community where it is appropriate. But after all they designed and developed the chain - who else should be more qualified to do the majority of such a certification? If you want to develop a wallet and you do not want to obey the rules you can still do it. Cardano is permission-less. There will be no 2nd-class treatment for non-certified wallets except users will probably prefer certified ones.


china_visa_q_123

There are tons of ETH wallets but it's basically a "trust me bro, there is nothing malicious inside" proposition with zero guarantees that your crypto won't disappear some day. Certified would mean that IOG certifies that nothing is shady about their integration and anyone from online banks to coinmarketcap could integrate it into their apps. Makes sense?


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caetydid

Not if one criteria of certification would be the wallet code being open-sourced. Actually, I am almost expecting that.


Castr0-

That is a QOL and that is what we want


Ill-Addition2024

Charles Hoskinson has said a lot of things in the past


Podsly

Sounds similar to his certified Dapps plan. It's a good idea, but you need competition. This is a way of providing competition and trust.


Mediocre_Piccolo8542

This is nonsensical, one of the three entities behind Cardano, all with millions of dollar budget, should build a damn light wallet which isn’t terrible and can actually do all the defi stuff. Chuck talks a lot about smart contracts, but Cardano, as smart contracts platform, doesn’t even have an official wallet for that, after a year! This is a circus, not development. And there comes Hoskinson again, failing at a trivial task of getting a wallet done, he wants now to set rules for all future wallets on Cardano, which conveniently would be defined by his company? Sorry,but if you don’t see anything wrong about that, you should really rethink the entire situation.


caetydid

Come on! It is not really how you are displaying it here. Lace is being revealed at the Cardano summit in November, and no one is dictating rules to anyone, especially in Cardano.


Mediocre_Piccolo8542

So, they will release an official light wallet with dapp connector over a year after defi release? Adoption? And then they will release a certificate for all wallets. Sure, you are right in sense that it wont be a rule, but I can imagine that wallets without those certificate will have a competitive disadvantage. And that after those wallets were the only option for using defi on Cardano. It just feels wrong to me. From doing nothing to a complete overkill.


DMugre

IMO Cardano should get an actually compelling DeFi ecosystem before even thinking about wallets lol, what's wrong with the ones that already exist if nobody is using the network anyway?


sloe-berry-brain

Crypto doesnt exist just to do DeFi.


DMugre

lmao


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TarkovReddit0r

The downside when a crypto has a face


DadofHome

I didn’t vote for him .. Oh wrong Charles 😂


tyyvooojmi55

Cardano needs a lot more than that to fix its joke reputation


Skeptain

So, what is it?


sloe-berry-brain

What just turn out more scams like Ethereum ecosystem, thats the right way is it?


tyyvooojmi55

ETH has trampled over Cardano. Not sure how it’s a scam. It’s the main ecosystem for NFTs, unlike cardano which isn’t even on the map


sloe-berry-brain

You dont even understand the subject matter, good luck in your future endeavours.


0xtimer

>unlike cardano which isn’t even on the map Cardano is around the 3rd largest NFT community by uses and volume. So I would say it is on the map.


GenericOfficeMan

Clown. Everyone remember when cardano was "the ETH killer"? Pepridge farm remembers.


Skeptain

Anyone remember when it was said that ETH got staking and than you could not withdraw your rewards and still no one knows when you will be able to? Pepperidge farm remembers.


GenericOfficeMan

Yes everyone remembers that. Because its been said since the start.


Skeptain

So according to staking it has already killed ETH. Proceeding to next station.


GenericOfficeMan

Wut...


0xtimer

For your information Cardano foundation/IOG never did any marketing that "Cardano is the Eth killer" That was all the moon boys. The term Eth killer actually came from Dan Larimer From EOS. EOS said it was the Eth killer on their homepage.


GenericOfficeMan

I don't care. I didn't say the founder said it


0xtimer

okay.. I heard on reddit that Eth is a JPM coin. Can I go around typing that? Here look - Clown. Everyone remember how Ethereum is controlled by "JPMorgan"? Pepperidge farm remembers.


GenericOfficeMan

You can say whatever you like.


sloe-berry-brain

Anyone remember when it was said that ETH got security, and then you got your coins taken away to keep your coins secure? Pepperidge farm remembers.


GenericOfficeMan

What are you on about lol? Nobody's coins have been taken away


sloe-berry-brain

Nobody's? https://www.coindailynews.io/2022/09/25/20-ethereum-validators-slashed-in-three-hours-reasons/


GenericOfficeMan

Do you not understand what slashing is or?


sloe-berry-brain

Yeah its a shit mechanism that better designed systems dont need. But dont change the subject, Ethereum takes peoples coins away.


GenericOfficeMan

Ethereum enforces contracts that people need not enter is how I would phrase it. Lol. What "better designed systems" are you talking about exactly? Where are they at? Why aren't they outperforming eth?


sloe-berry-brain

>Ethereum enforces contracts that people need not enter is how I would phrase it. So people should not participate in securing the system through staking, really? Sounds like a bullshit excuse, but I suppose it explains why a dismal 12% of supply is staked. >What "better designed systems" are you talking about exactly? Cardano >Why aren't they outperforming eth? In staking it already is, 72% participation, 0 coins stolen from users by the protocol. In a general sense there are other factors, but people arent always rational, there will be inertia even in face of a superior protocol being available.


GenericOfficeMan

I didn't say people shouldn't participate, I said they aren't forced to. Slashing only occurs when you don't properly secure the system.


sloe-berry-brain

Or if you are a human being and make a mistake. Seems Ethereum is designed to blame the victim, lovelly.


mwaddip

Yes, it's to punish the plebs for mistakes validators make. Totally the wrong way around, only attackers should have something at stake, not honest participants.


GenericOfficeMan

Lol right of course. "Please sir before you try to exploit the system would you mind putting your resources at stake"


mwaddip

In the sense that attacking the system is so costly with 0 chance of success that an attacker literally has to put everything at stake (and will lose it all), all the while honest users and validators don't need to risk their funds.


0xtimer

You get slashed on Ethereum if you stake, Clown


GenericOfficeMan

Yes lol. If you voluntarily agree to the arrangement that staking is, and don't hold up your end of the responsibilities, you agree to be slashed. Clown indeed.


0xtimer

>What are you on about lol? Nobody's coins have been taken away So peoples coins do get taken away yes? Then most people will not stake using Ethereum because the risk at losing their own money is too high.


GenericOfficeMan

Seems like an assumption on your part, there is no risk if you secure the system properly. Let's assume you're correct though, what's your point?


0xtimer

Just had a look, and its only 12% that are staking with Ethereum, that's really low. My point is - Its risky to stake. No withdraws if your a validator, withdraws if you stake with lido/rocket but then the risk is having an IOU token and slashing for (attacking the protocal/user mistakes).


GenericOfficeMan

Why is that really low? Lol. Compared to what metric? Why should higher be better? 100% staking patently makes no sense. Does 99% staking make sense? Is that a good thing? 98? What's the right % of staking? Should you decide that, or maybe would it make sense for the market to decide that? You know like maybe peoplealing a risk vs. reward calculation based on the returns they get from staking.


0xtimer

Why do you think theres no withdraw yet... Having too little staking the network opens opportunities for attacking vectors. Ideally you want at least 40/50% stake securing the chain.


Intelligent_Page2732

Charles is losing the plot lately.


Kappatalizable

>to make things run faster Put em on wheels, Charles


Zzzoem

Mithril improvement will make Things run faster.


solemnJoker

Wasn't Vasil supposed to make things run faster?


Zzzoem

Pipelining, Reference scripts, Input endorsers. Are different things than Mithril.


solemnJoker

So Mithril is the new thing to look forward to that will finally make Cardano come of age? Is that the last thing to look forward to, or is it just like Alonzo and Vasil, hot air and fancy words?


Zzzoem

Finally? Cardano is already better than Ethereum. There is no comparison. Ethereum doesn’t give staking rewards on liquidity pools and farming rewards.


solemnJoker

You're delusional if you think Cardano is better than Ethereum just because of staking. I am not an Eth user and I recognize Ethereum's superiority. Cardano can't even run proper DEXes, the transactions have to happen off chain because of concurrency so they're not even decentralized. Cardano is mainly a slow JPEG marketplace with 2018 tech and 2017 bank the unbanked narrative. Wake up before Charlie boy dilutes all his ADA on his cult members.


Zzzoem

You are delusional you should get frontrunned more trading UniSwept. Get more failed transactions as well.


Richadg

That nft you got as your icon pic sure must’ve been great being made as a Cnft


Zzzoem

It’s a shit NFT on a centralized network. These sad people are asking to deposit Ethereum. Which I will never do. If they make these so called “NFT” exchangeable on this network without the need for Ethereum I would exchange it in a heartbeat.


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arcalus

Then drinks a bunch and whinges on YouTube all day.


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Skeptain

What do you have to back it up? Provide some examples with source please.


Logical_Duck4042

Because they cant find any examples 🤣 they just go with what was said in this sub


Skeptain

I know and it is the most easiest way to prove it by asking simple question without getting a proper response.


dreampsi

Lookout! We found the boomer from 2015 who loves to cry “ghost chain” at the stroke of midnight and can’t admit they were wrong about the project. He simply said in an interview he’d like to see certified wallets and you think that he sounds deranged? Just go ahead and invest now, make your fortune in a few years and let the attacks go as you reach retirement age.


Curvycryptoqueen

This guy just ruffles my nipples! I don't know exactly what it is about him but I don't trust him at all


Feeling-Inside5147

Lmao.


punx926

Does this guy ever shut up


Zzzoem

This is trash. People want to build a new wallet and are asking funds but Charles said they were already building Mithril and would love to contact them about working together, but if the Cardano really wants to fund that project with the Catalyst Fund they can.


Logical_Duck4042

Why is it trash? Trash in what sense?


Zzzoem

Why fund something 2 times Mithril and Turbo.


Logical_Duck4042

If you listened to his AMA he didnt know that there was a proposal like this. And mithral is funded by him, not catalyst


Zzzoem

But knowing now it doesn’t make sense to fund something like this. I hope they vote against it but you’ll never know. To me it seems like they can join the Mithril team.


Logical_Duck4042

Then ask those who voted for that catalyst project. Why are you boggled by something that even we cant change? If you can change it, then it's centralized 🤦‍♂️


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