Tangle data-structure – The lesser known blockchain alternative

Re:Tangle data-structure – The lesser known blockchain alter... by Geee on Tuesday June 01, 2021 @02:19PM (#27358993)

That's not true. Cardano already works as a decentralized currency, and it also supports native third-party tokens and NFTs. Their smart contracts should go live in a few months. Cardano has one of the most detailed development roadmaps and their development has been maybe the most active of all blockchain projects. They have also released a lot of peer-reviewed research papers on blockchains, rather than relying on genius hackers. Cardano is based on a provably secure proof-of-stake protocol called Ouroboros. They also have Philip Wadler on their team developing their smart contract language.

https://docs.cardano.org/en/latest/explore-cardano/relevant-...

That said, I don't believe that there's an actual demand or need for smart contract platforms, or that it makes sense to build new currencies that are tied into these platforms.

Also, proof-of-stake is not very secure, and Cardano has admitted this by supporting Ergo, which is a new smart contract protocol based on proof-of-work. However, PoW needs a lot of hashing power to be secure, so Bitcoin with secondary smart contract layers such as Rootstock and RGB are actually the best option (if there's a need for them).

[ Parent | on HN ]

Re:Tangle data-structure – The lesser known blockchain alter... by ricardobeat on Tuesday June 01, 2021 @02:37PM (#27359283)

> the most detailed development roadmaps

> the most active of all blockchain projects

> peer-reviewed research papers

"it does nothing"

> proof-of-stake is not very secure, and Cardano has admitted this by supporting Ergo

so what can it do if the base protocol is not secure?

[ Parent | on HN ]

Re:Tangle data-structure – The lesser known blockchain alter... by Geee on Tuesday June 01, 2021 @03:17PM (#27359858)

It's hard to know the truth in this space. Most blockchain development and discussion is driven by greed.

Proof-of-stake has various problems, depending on who you ask. In this case, as far as I understand it, the issue is related to large positions locked as collateral in DeFi. PoS security assumes that most of the available currency is used for staking, but the security assumption breaks if most of the currency is locked as collateral in DeFi (which can offer better interest rates vs. staking).

[ Parent | on HN ]

Re:Tangle data-structure – The lesser known blockchain alter... by jamal-kumar on Wednesday June 02, 2021 @09:19AM (#27368325)

The question is for me -- what is the developer experience like? How much friction before you can get something out there?

[ Parent | on HN ]