Literally everyone on youtube is hyping this up right now
>>59251631I converted some crypto into ADA. Whats good about it?
ADA is pretty based
>>59251639its run by a grifter that shows up every bullrun to shill it to normies so he can dump on them at very high prices
>>59251666checked and satanically correct pilled
>>59251639>Whats good about it?It's not your typical cryptobro get rich quick scheme. It's made with science.
>>59251639>eUTXO model and native tokensSimilar to how Bitcoin works and completely unlike Ethereums account model.Cardanos transactions are deterministic and allow for completely different scaling methods.A transaction on a chain using UTXOs is not the same as a transaction on an account model chain.There is also no difference between ADA and some token.A transaction can have several inputs and outputs, so you (or a CEX for example) could do a transaction involving ADA and 10 different tokens to 50 different people and it would count as only 1 transaction.>StakingProbably the best staking mechanism.No lockup, no bounding, no slashing risk (lmao imagine), auto compounding.Your ADA is always liquid on a protocol level, without having to go through some 3rd party.>Midnight chainAn upcoming privacy focused sidechain utilizing the existing Cardano staking infrastructure for security.Doing a lot of privacy magic using ZK-proofs and so on. Offering private transactions and smart contract execution, while avoiding issues with regulation since the fee tokens are generate on the Cardano side. (basically imagine being able to *initially* buy/hold XMR on a public ledger, but then transacting and calling smart contracts on a private chain)Token will be dropped to ADA holders and also holders of some other bigger chains. Bitcoin for example.>ScalingHydra is Cardanos in-house isomorphic scaling solution.Every Hydra head has the same capabilities as the base chain and can therefore have its own Hydra head again. Uncapped scaling and no need for some trusted party.
>>59251639Also, completely forgot this one>GovernanceCardano very recently had a hard fork to enable decentralized governance. (will be fully enabled in a few weeks I think)Neither Charles nor any other central entity can now change any chain parameters or use treasure funds at will.They are controlled by all ADA holders now.The Cardano treasury currently holds ~1.6B ADA ($1.3B or $4.8B at ATH)Anyone with at least 100k ADA can submit governance proposals and the whole network can vote on proposed parameter changes or treasury withdrawals with their controlled on-chain stake. (though similar to staking you can delegate your stake to a representative of your choosing to make use of your stake in voting. Don't like your representative any more? Just pick a new one.)
cardano is just sexy
It also doesn't go offline every few months and needs coordinated restarting like some other chains.
>>59251631He basically tweeted that he didn’t want the job so I expect it to crash soon enough. Take profits while you can.
>>59251631You're really going to let Charles grift another market cycle?
