Cardano continues to mask its stagnant adoption with academic jargon and speculative quantum threats. It is a sophisticated exercise in over-engineering for a theoretical future while failing to meet the practical demands of the present market.
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CF CEO: Quantum Could Skyrocket Cardano's Demand! Angry Crypto ReactsAdded:
What is good Cardono fam? Ada gang. We have lots of exciting updates to unpack today. So, hit that subscribe, hit that like. Cardono 24-hour trade volume reached as high as $350 million according to Coin Gecko. Coin Market Cap ranks Cardono as the eighth most bullish community sentiment and the fifth most bullish daily trending.
IOG launches two automatic verification tools for Cardono smart contracts.
Plutus Core Blaster and Cardono Ledger API Blaster providing end toend verification against actual ledger rules for high assurance. Cardono founder Charles Hoskinson calls it a major milestone. So this will really uplift the developer experience.
community moderator at Walrus, the verifiable data platform for AI and onchain finance, making every bite provable, programmable, and always available. Built by the team behind Sooie says Walrus is the best data storage solution for the Cardono ecosystem.
Speaking of data, Charles Hoskinson says he had a great interview with Filecoin.
They will be releasing it soon, he says.
Wonderful ecosystem and team. I'm glad that Cardono has been collaborating with them for years.
Cardono Foundation CEO Frederick Gard highlights crypto's first level principles to upgrade the world and create new financial infrastructure for ADA as well. new social infrastructure which actually was also a part of the origination of the Bitcoin story.
He goes on to say that we did a lot of work with the GBBC if you guys remember that is regarding the risk framework. A lot of big names in that framework very large players like Euroclar that Cardono Foundation has been working with who does 50% of all issuance of shares and bonds in European markets on quantum.
Bitcoin and Cardono are scoring extremely high. He says due to the architecture.
Frederick says I think Cardono will get a huge boom by quantum the desire to defend yourself using distributed decentralized networks will increase tremendously.
I think we'll see more adoption and higher demand for both Bitcoin and Cardono. This is what we've been discussing as well. The academic approach the formal methods right peer-reviewed. I think that Cardono all that slowmoving work will pay dividends as we enter more and more into this AI revolution that's also enhanced by postquantum.
Frederick says quantum will hit the existing infrastructure of the world way before Bitcoin and Cardono. We're leading the charge on how we think about the future security architecture of web 2 and the internet via research happening on both Bitcoin and Cardono.
Now more on postquantum. He says the fact that our communities are already looking ahead on hardening and we're doing research with the Ethereum Foundation around some of these things puts us ahead of the crowd. So, Cardono, lot of great technology, but also I really like this point that people often forget about legacy infrastructure and that blockchain is really ahead of the curve when it comes to postquantum efforts. Now, what about AI? He predicts a convergence of AI agents using quantum as a defense mechanism. That's also why Cardono's so interested in giving identity to AI agents, ensuring they can do payments in the real world and the crypto world and that convergence is also for defense.
Laos product manager Carlos Lopez Delara says we'll do a lot of experimentation with protocol parameters so that we know we have high assurance high confidence that whatever parameters we suggest to use on mainnet are right correct for performance and security that is success. He also highlighted that success is ultimately having that developed node and the community going ahead and deploying that node as well.
So testnet is coming up this June. He says Uruba Boros Leos is very important for Cardono because if we want to think about real world adoption, the current capacity is not good enough. It's also for the long life of Cardono, right? The survivability of Cardono. Charles Hoskinson says there are many options in decentralized infrastructure. I'm going to have a space with Falcoin. We're going to get something set up with Walrus and we're going to build bridges and relationships because the Cardono DAP and DeFi ecosystem deserves to have decentralized infrastructure and I want to make sure that there are great projects in the Cardono ecosystem that provide this at an affordable price to the DAP and D5 community. He says, "I'm always going to push for decentralization and diversification.
Just like if one node has a problem, it's good to have more than one option in the ecosystem. We're going to make sure as a firm that multiple options are here and they are led by credible great teams with long track records of achieving wonderful things. That's to be the that's to the benefit of everybody in Cardono. So, good stuff. I think more options is good. He says, "We'll continue to bring more options. We'll set something up with Walrus. We'd love to see Block Frost add some things into the future and we can create a nice diverse ecosystem of decentralized infrastructure and I think Cardono's best days are ahead of it." He says, "My goal has been to turn every single piece of core infrastructure into open-source projects, meaning many independent companies contribute to them, and technical and product steering committees are made up of the many for more accuracy."
He says, "We have a lot more work to do, but we're making forward progress, and I do believe we're going to see a lot of new blood enter the ecosystem thanks to Bitcoin DeFi, thanks to Midnight, and thanks to the growth of Cardono as a whole." He says, "We brought in a tier one VC. There's some work to be done to make that maximally effective, but I do believe long-term it's a force for good and now we're having a discussion about bringing in dedicated marketing. I think he's referring to service plan group and Draper, but perhaps he's referring to another project. Ultimately, I think these efforts are good. Strike with onchain perpetual says new feature tomorrow. New open interest all-time high today. two active incentive programs, liquidity program with 100% downside protection, stable coin activation program where USDM holders can deposit $100 in Strike for a complimentary $1,000 in trading power.
Staking V2 is coming soon. Token expansion to make Strike widely and easily accessible. Exact details to be announced. Solana mainet launch soon.
More liquidity from liquidity provision firms very soon about to surpass $1 million in V2 deposits. 75% of all Cardono trading volume. Vault consistently paid out 23% APR so far.
And last but not least, mobile app coming soon. So, Strike is the type of project, and I've said this for months now, that is shaping up to be a unicorn app on Cardono. They just build. They just build. They just release. Truth is in action. I don't see them really saying anything controversial. They just build. They just make awesome stuff. So, they do have this awesome USDM incentive going on where they've aird dropped an activation pass to everyone with over 1,000 USDM.
Essentially, they're giving a $25 trading credit to all of these holders that fund their Strike account with at least a hundred bucks. They say with our 40x leverage, these users will get free access to $1,000 of trading power and users can fund their account with USDM, but also they can connect with Ethereum and so very soon Salana as well. So the crosschain strategy I think will benefit Cardono and just a win-win. Tap Tools reporting, congratulations to Mins Swap for surpassing $4 billion in onchain trading volume. I really like Mins Swap.
Reminds me of Pancake Swap. UniS swap.
They keep it simple. They don't reinvent the wheel. Also, a Cardono whale has just purchased nearly 2 million ADA worth of Knight token has never sold.
Interesting. Lace Mobile when mobile we keep hearing, right? Well, it's dropping soon as early as tomorrow. So, it's happening very soon. They've also launched version two, a complete rehaul of their user experience and user interface. So, keep a lookout for Lace on your browser, but be safe. Be on the lookout for fake versions. So, wait for the official announcements and follow the official links to be extra safe.
Miami is coming up, guys. Next week, I will be over in Consensus Miami May 5th to 7th. So, really exciting, guys. Let me know if you guys will be there in Miami. Happy to link up. And I think it's going to be a great event. A lot of great speakers are there. Charles is going to be there. Fami will be there and a lot of other massive names in the crypto space.
Last but not least, lock in says Brad Garlinghouse, Ripple CEO. A lot of excitement with Las Vegas and their presence there. So, yes, the prices are down, but I don't think it'll last forever. Now, just a quick kind of summary of a pre-proposal that's going on. A bunch of marketers, content creators in Cardono, including myself, are asking the community of like what they think about doing a proposal for content creation and kind of high level, you know, talking about perceived trust, um, talking about qualitative design, sentiment, taking complex information and communicating it in a simple manner, copywriting, wordsmithing, human- centered design, some stuff that's very qualitative and hard to quantify.
And essentially, the proposal is not out yet, but we're just asking the community of what their thoughts are. So, you can find this over on Twitter. uh I retweeted it and the marketers are coming together to ask the community what they think because ultimately marketing content creation does play an important role where it down trickles to the rest of the other news platforms other creators pick up on it also large language models AI will often source that for what they're researching or what users are searching also during the chain split event there was a lot of FUD but a lot of push back also by creators to increase awareness to the good design and then we also saw things with like the Solana co-founder defending Cardono.
So at the end of the day, I think creators, marketers do play an important role in the ecosystem to increase brand awareness, improve the morale, improve perceived trust, and to really play a vital role in articulating that information.
In the absence of it, then you do have more FUD, you have more trolls. And so let me know what you guys h uh think or what your thoughts may be. Kind of just an open-ended question. What do you think about uh a marketing proposal by the content creators in Cardono, including myself, and maybe what you'd like to see, what you'd not like to see?
Just kind of like asking the community kind of an open uh you know, two cents, if you will.
So, taking a look at prices right now, 247 for ADA. And also, just a final note on this, um the marketers in here, including myself, know that the prices are down. And so we will always be forthcoming. We will be transparent and not asking for some crazy amount. Not asking, hey, give us 10 million ADA for this or that. Something that's very clear, showcases the numbers, showcases the deliverables and the KPIs. But again, we're not even at that stage yet.
We're just having an open conversation about what people think about uh the marketing and proposals.
But again, back to price 247 for ADA, Bitcoin 765, XRP 1.38. So yeah, prices are down, but you know, it is what it is. And ultimately, there's a lot of great things happening behind the scenes in Cardono. We have Laos around the corner.
We have a lot of great tools that just debuted. And I think we have a lot of great commercially critical integrations that still haven't been fully realized.
I mean, not even a bit. namely layer zero many others as well. So I will continue to cover the ecosystem and at the end of the day for me my commitment has always been to provide excellence integrity to be that positive glue between people in the space both within the ecosystem but also branching out crosschain and I think that has benefited us as a whole. It's better for us to look at things objectively and positively. I think we all benefit that way. So yes, prices are down, but the approach to content creation and the approach to price is the same. Slow and steady wins the race. We'll continue to be optimistic.
And I think the shout out for me goes to Frederick Regard. I think that he's really on to something when it comes to the existing infrastructure being hit before a lot of the advanced cryptocurrencies, namely Cardono. And also I do agree about this huge boom.
And the nice thing is that this take aligns with Charles as well. Both Frederick and Charles even if they disagree on some topics, they both agree that Cardono is ahead and it's definitely prepared for a postquantum world. Further so because of governance, our ability to pivot, our ability to hard fork quickly, our ability to be modular and upgradable, which is very important, especially as that date gets closer and closer. So, it's really about the intersection of timing. You don't just make your cryptocurrency postquantum because you also need that hardware acceleration by vendors as well. So, timing is very important. Let me know guys, what do you think? Will quantum quantum computers pretty much unleash a huge boom for demand and adoption in Cardono and others as well or do you think it's just kind of more hype and it's way way far away? Only time will tell. Stay positive. Smash that subscribe. Smash that like. I'll see you guys in the next Angry Crypto
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