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  • Dapps - Smart Contracts - Use case example March 8, 2021
    Long time observer, first-time poster. I'm an entrepreneur fascinated by the crypto space, specifically Cardano (excellent community here), and was hoping someone who was further along on the journey could educate me on the mechanics of smart contracts in the context of a use case example . Someone else made a comment recently regarding how […]
    /u/Careful_Pianist_354
  • Backing up Daedalus in Linux March 8, 2021
    Hi I would like to backup Daedalus on my linux workstation as I am going to reinstall linux and change file systems. Specific to Daedalus, do I simply need to tar up the following directories (and untar for recovery) ~/.local/bin ~/.local/share/Daedalus ~/.daedalus I would like to avoid re-syncing the blockchain. submitted by /u/Edmorbius [link] [comments]
    /u/Edmorbius
  • YOROI Voting Update March 8, 2021
    Dear Project Catalyst members, On Friday evening, we started the voting process for Fund3. The vast majority of Daedalus holders experienced no issues. Unfortunately, 1,800 Yoroi users have so far been unable to cast their votes due to an integration issue affecting their voting power. We have now completed our technical investigation and good news… […]
    /u/danny_cryptofay
  • Demonstrating the power of Blockfrost.io by series of open source demo applications: here is a lightweight Cardano token explorer, fork it and run your own! March 8, 2021
    submitted by /u/mmahut [link] [comments]
    /u/mmahut
  • Catalyst.. Yoroi registration FUND3 March 8, 2021
    Dear Project Catalyst members, On Friday evening, we started the voting process for Fund3. The vast majority of Daedalus holders experienced no issues. Unfortunately, 1,800 Yoroi users have so far been unable to cast their votes due to an integration issue affecting their voting power. We have now completed our technical investigation and good news… […]
    /u/arielfavio
  • Cardano, the Google of blockchain tech? March 8, 2021
    Cardano fam, What needs to be done for cardano to reach google-scale adoption? Their tech is awesome, but what is being done for mainstream adoption? Normies have no clue what cardano is and what it does. I explained to some of my peers that it’s like ethereum but better. they didn’t get it. So I […]
    /u/BananaTreeHaus
  • Are there random word generators that could feasibly hack your wallet key? March 8, 2021
    I know that the Yoroi wallet has a 15 word key for restoring wallets. Is that not a potential security liability for someone using a random word generator to restore random wallets in hopes to steal ADA? Just a thought. Would love to hear what the community has to say. EDIT: This would be about […]
    /u/1lbofdick
  • Looking for Cardano developers within the Dallas area March 8, 2021
    I have a project I really want to build, I need some help to do so and would love to talk to developers within the Dallas area on how to implement this submitted by /u/rohangaur [link] [comments]
    /u/rohangaur
  • Cardano Plutus Smart Contract Tutorial #2: Endpoints and Validator Scripts March 8, 2021
    submitted by /u/TheJoshingJoke [link] [comments]
    /u/TheJoshingJoke
  • Fund3 voting app kinda sucks March 8, 2021
    I'm going to be direct: the Catalyst app (on Android) sucks. I click on the link to ideascale, come back, have to enter my pin and im back at the homescreen. Great. Now im lost on which propsal I was. Also I cannot see which propsal i have voted on and which not. Do I […]
    /u/wulf_rtpo6338
  • CryptoBullet (#7427)
    on March 8, 2021 at 7:22 pm

    CryptoBullet (#7427)

    Could the low have been called any better?

    #BTC reversed from the $47k area to the upside and completed the iH&S pattern exactly as I anticipated! 😎

    +8% gain (80% profit with 10x leverage) so far

    Now we need to break through the neckline and the ATH will likely be challenged 🚀

  • CryptoBullet (#7449)
    on March 8, 2021 at 6:38 pm

    CryptoBullet (#7449)
    $MDA already +14% gain 😎

  • $SXP
    on March 8, 2021 at 4:58 pm


    $SXP

    No jokes, this one will melt faces 🚀

  • $MDA looks pretty promising here
    on March 8, 2021 at 2:50 pm


    $MDA looks pretty promising here

    Huge Falling Wedge on the weekly scale

    Bullish Divergence present on RSI

    ADX showing strong bullish momentum

    + Moeda has recently entered the DeFi world through a collaboration with Binance chain

    (Not a short term play)

  • $WRX 👀
    on March 8, 2021 at 1:41 pm


    $WRX 👀

  • So that is a lot of support below us
    on March 8, 2021 at 1:08 pm


    So that is a lot of support below us. Should be a good week for #BTC

    Btw, the bubbles show prices at which large wallets (>10,000BTC) acquired #BTC that they are currently holding. So basically whale accumulation levels

  • So, think anything above 51k, bulls clearly in favour, only below it, ...
    on February 18, 2021 at 6:41 pm

    So, think anything above 51k, bulls clearly in favour, only below it, maybe be a bit more carefu

  • This is the wedge from year ago
    on February 18, 2021 at 6:35 pm


    This is the wedge from year ago. Not the same, then it was a tiny rally compared to the current one. But exhaustion is exhaustion if we have exhaustion 😆. First signs would be breaking 51k, 50k and 49k should be a confirmation. 46k is probably still a key level, between a bigger correction and a small on

  • That wedge, could also be a parabolic shape here, which might be ...
    on February 18, 2021 at 6:22 pm


    That wedge, could also be a parabolic shape here, which might be easiest thing to follow. Think the support of the wedge is around 51k. Now 3 options with a wedge, I have explained them often in this channel, so won’t do it this time. Usually parabolic shapes break downwards, either a dump or sideways and up a period later. Third option, to prevent a drop, would mean a big pump, for that I would say, think should pump above 58k, to leave the bearish shapes behind it

  • I actually forgot to show this wedge again
    on February 18, 2021 at 6:13 pm

    I actually forgot to show this wedge again. Support line was drawn differently earlier this weak. You prob remember, that i said that i wasnt a great bearish wedge, so there was a chance it was an accumulation wedge.

    Well, we had a tiny fake breakout on the downside, but now the upside is weak as well (when looking at it from a wedge point of view). Maybe one more retest of the 50.0/50.5k is allowed still, but if it gets back in the wedge again, usually its bad news.

    Its a bit similar as a year ago, some of you might remember that i kept talking about the fake wedge breakout (bull trap).

    Now this one is not the same, so dont see it as a fractal or anything, but in general, if it drops back inside again, it's a sign of a bull trap.

    So, based on this, would say, drop below 49.5/49k is bad, below 48k should confirm a (small) bull trap.
    Think, above 53k, maybe bit more, could say it bounced up enough to leave the wedge behind it.

What Is Cardano ?

What is Cardano SL?
Cardano SL is also known as Cardano Settlement Layer and this is a cryptographic currency created and advanced by IOHK in collaboration with three universities – those of Edinburgh, of Athens and of Connecticut. Cardano SL is based on the white paper written by Aggelos Kiayias, Bernardo David, Alexander Russell and Roman Oliynykov.

Cardano SL is similar to Bitcoin, however it offers the freedom of fixing the design flaws of the later.

What Makes Cardano SL Special?
As mentioned, Bitcoin and Cardano SL are very much alike, however there are things setting them apart as well. One major difference is that the former is a proof of work type of cryptocurrency while the later uses a proof of stake to reach the agreement. This approach strengthens users’ honesty and participation for the long term.

Purpose of a Consensus Algorithm
To have an updated state of the ledger, consensus algorithms are needed since they produce new transactions blocks. All new blocks of transaction must be published and they need a proof of merit attached. It is the node running the cryptocurrency protocol that publishes the block of transaction. Let’s talk about two types of proofs that are possible.

Proof of Work and Mining
The most common general agreement algorithm type for the cryptocoins is the proof of work. This type of proof was created for Bitcoin and this is how Bitcoin still functions. The computer has to solve a test to create proof of work. The test is a problem that is difficult to find an answer to, however once it is found, it is easy to check it. When the answer is found by the computer on the proof of work network, it publishes it along with any transactions it observed during the time it worked to solve the problem. Its owner will collect transaction fees and a recompense because a block was generated. This whole action is referred to as mining. Mining uses a lot of energy that in turn is ever increasing, which in turn also leads to a lot of competition.