IOHK | Cardano Launch Event
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- čas přidán 19. 10. 2017
- The technology was conceived in an Osaka restaurant more than two years ago and from that small beginning Cardano has been built into a leading cryptocurrency. The project has amassed a team of experts in countries around the world, has generated more than 67,000 lines of code, and has a strong and growing community in countries across Asia and beyond. Along the way, Cardano has set new standards for cryptocurrencies with best practices such as peer review and high assurance methods of software engineering.
The official launch was held in the district of Shibuya in Tokyo on Saturday October 14 for an audience of about 500 people, who had each won a ticket through a lottery held on social media. Excited cryptocurrency enthusiasts, Ada holders and business people from across Japan queued to get Cardano t-shirts and souvenir physical Ada coins, before going into the main hall to hear about how Cardano was created and the vision for its future. “The first thing we did when we knew the project was real was to build great partnerships,” Charles Hoskinson, founder and CEO of IOHK, told the audience. “Our chief scientist is based at University of Edinburgh, it is a wonderful place, where they built the heart of Cardano. We have a lot of wonderful people at the University of Athens, they are rigorous, making sure that the theory works. And we have people at Tokyo Tech who work on multi party computation and look to the future, and work out how to make Cardano last a long time.” The vision for Cardano, Hoskinson said, was that it would pull together academic research and bright ideas from computer science to produce a cryptocurrency capable of much more than its predecessors.
This “third generation” cryptocurrency would be able to scale to a billion users, using a proof of stake algorithm, Ouroboros, which avoided the huge energy consumption of proof of work cryptocurrencies. Features that would be added to Cardano to help it scale included sidechains, trusted hardware, and RINA, or recursive internetwork architecture. Sustainability would be part of the design by way of a treasury system to fund development indefinitely, allowing stakeholders to vote on proposed changes to the protocol. Meanwhile, the computation layer of the technology, would be innovative in using a tool called K Framework to allow developers to write smart contracts in the programming language of their choice, he said. Security is paramount to cryptocurrency because flaws in code increase the risk of hacks and the loss of coin holder funds, unfortunately witnessed too often. With that in mind, Duncan Coutts, head of engineering at IOHK, explained how the company approaches software development: cryptography research papers are translated into code using the technique of formal specification. This involves a series of mathematical steps that progressively take the cryptography closer to the code that the developers write, a process that allows checks to be made that the specifications are indeed correct.
After the presentation crowds formed outside the hall to have their photos taken with the Cardano team. Some people who came along were longstanding supporters of the project, such as Naomi Nisiguchi, from Mie Prefecture. She works as a manager in the construction industry and has had an interest in cryptocurrency for four years. “Around two years ago I heard about Ada and that Charles Hoskinson was involved,” she said. “I’ve been following the news on Facebook and I’m very interested to learn how the project will move on.”
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Cardano, The Japanese Ethereum. Yea. I am totally with you for the long term growth. :)
great project, a huge future in him!
So much more ahead! Look forward to IOHK's innovation philosophy with Cardano
And thank you for the chance..
What crypto project is bringing this level of professional, expertise, standardization, governance, educational credentials and vision to the table? Buying and holding this one for the long run.
whats that opening track I keep hearing anyone knows?
отличный проект, огромное будещее у него!
It will hit 100 dollar
when? with the circulating supply that could take many years.
If the currency is valued at one Lovelace = one u.s. cent. It will go much much higher then 100 dollars. Market cap is not everything. It's how the technology is valued.
Can anyone clarify one thing can I build Capps top of cardanoo, I heard smart contract will implement on cardanoo
Interesting to see the birthplace of ADA main-net.
AWESOME!
Great Video, awesome Vision!
Good
If you are reading this sometime in the far future, leave me a reply! It is currently the start of 2018 and Cardano is about 80 cents each. I'm torn between Cardano and Ethereum ($1200), wonder if I'll pick right...
Well today is 10 cents....
Eth is 280$
October 2020. Cardano is about 10c. ETH is about $350.
I hope you bought ETH, you'll have lost a lot less if you did. :)
@@williamwatson2423 and it look at where ADA and ETH today. :)
:)
save power for crypto future save on energy future.. way to go f
YES!!!!!!!!!!!!!!!! GET'EM!!!! 2018 is all about Cardano ADA!
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dumbass
👹👹👹👹👹👹👹👹👹👹👹👹👹👹😁😁
Free fire
what a scam