We are committed to protecting and promoting Cardano and advocating on behalf of the users and community of the protocol.” “Cardano Foundation is an independent body based in Switzerland with core responsibilities to help oversee and supervise the development of Cardano and its ecosystem. The Cardano Foundation is a Swiss-based organization whose mission is to drive adoption of the platform, shape legislation and commercial standards, grow the community, ensure stakeholder accountability, and forge partnerships. Emurgo provides educational resources, incubation accelerators, systems development, and advisory services about blockchain technology. IOHK is also contracted to build Emurgo, the for-profit/commercial arm of the ecosystem’s development. Three primary teams are working on Cardano’s development:Ĭardano’s primary development team, IOHK, is also one of the leading development teams for Ethereum Classic. Stake pool operators control delegated ADA corresponding to an on-chain certificate, but delegators still retain the monetary rights, and revenue generated, from their delegated ADA.Ĭardano cites their Ouroboros PoS consensus mechanism as the first mathematically secure and peer-reviewed - by academics - PoS consensus algorithm. Token holders (i.e., ADA) can either directly stake, while online, or delegate their ADA to participate in the validation process of the network using the Daedalus or Yoroi wallets. The base layer is the settlement layer of the network with the unit of account for ADA, which is linked to the ‘control layer’ that handles the smart contracts running on the network. Importantly, Shelley represents the transition from federated centralized nodes in the Cardano early test networks to staking enabled for all ADA holders in the coming months.Ĭardano is written in the programming language Haskell and is built in a multi-layered architecture. The Shelley testnet will come first, enabling third-party developers to test out applications and identify bugs before the full-scale mainnet launch of Shelley. Cardano has undergone meticulous development over the last few years, and the pending launch of the network is pegged for 2019. I’m just posting this because I feel this app is really not secured at all and I don’t want the same thing that happened to me to happen to others specially if you are trying to stake a lot of coins in there because one day they might just be gone.Shelley marks the beginning of the path to what Cardano references as ‘full decentralization’ of its network. I was saving the rewards until I had accumulated several so I hadn’t withdrawn them and the whole thing was moved to another wallet. There are situations with this transaction that will prove that it is actually an app hack but they are too long too describe so what I’ll say is that my funds were taken in the middle of an epoch. I told them that I only keep all my information in an encrypted file in my iPhone and that I only use the Yoroi wallet on my iPhone but they still blamed me for getting the info stolen. They told me that I probably had my information stolen from my computer, or from other devices that I use. When I got a hold of Emurgo who is the company that created this wallet, they automatically blamed me for not taking care of my passphrase and log in information. My wallet was hacked and all my funds were sent to another wallet without my permission. Do not use unless you are willing to risk losing all your assets. This wallet is not secured and their support team does not provide any help.
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