This week’s guest on the Cardano SPO Column is a stake pool operated by a team who has been involved in the Cardano ecosystem since 2017: One Pool [ONE1].
Last week’s guest was a stake pool whose mission is to decentralize the Cardano network and support mental health charities.
This initiative is a point of reference for everything Cardano and every week or two we will invite a Stake Pool Operator (SPO) to answer some questions and give us an update directly from within the Cardano community.
Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions.
Cardano SPO Column, interview with One Pool [ONE1]
Hi, thanks for your time. Tell us something about your team, where are you based and what are your backgrounds?
First of all I want to thank you for the opportunity to introduce us to those members of our community who do not know us yet!
My name is José Iadicicco (Argentina) and I am the SPO of ADA One Pool [ONE1]. I have worked for more than 20 years in IT, in projects related to international telecommunication networks and power distribution systems. I am passionate about Cardano, Chess, Mathematics and Programming.
Kehua Yang (Taiwan), Community Manager, is a university professor in two of the most prestigious universities in Taiwan. She has 2 Master degrees, the first one in education and the second one in Mandarin Chinese. She has been involved in major wind farm deployment projects and national transportation infrastructure.
Memo (Australia), Web Design, Technical Support: Software Engineer. Memo is a key member of our team and has advanced programming skills with the latest software and development tools.
What’s the path that led you to Cardano and to become Stake Pool Operators (SPO)?
We started our journey inside Cardano in 2017, when we first saw Charles’ Whiteboard video, and since 2018 we started giving open and free talks to spread his vision and message, as we understood from our background from the first moment that this was the right way to face such a big challenge (our talks have been recorded on our YouTube channel which give proof that we are here from the first moment).
When the possibility of collaborating with the creation of pools arose, as experienced telecommunications network designers, the first thing we thought was that we did not want to create a pool in Cloud (despite being the easiest way), because to achieve true decentralization, we know the need for the network to be made up of real nodes distributed across the globe.
With this understanding, we accepted the challenge of creating the first physical Cardano Pool in LATAM, a region where there was none previously. We successfully carried out the challenge since 2021, which is our great pride within the community, and subsequently we have collaborated in other important milestones such as the co-organization of the Cardano Summit 2021, the contribution of the ADA Solar project through Catalyst, for the decentralization of energy through Cardano, the organization of the first Cardano Hackathon together with the National Technological University, uniting Cardano with the academic community, as was the initial vision of Charles. We really feel a great joy to have been able to accompany Cardano from its beginnings.
For our readers who aren’t programmers, can you explain what Plutus is? What advantages does it bring? And please tell us more about the hackathon you are organizing.
Plutus is a programming language, designed by the company IOHK, for the development of Smart Contracts in a secure and reliable way. It has been created as a “sub language” within the Haskell programming language (its “parent” language).
One of its main advantages is that due to its robust design and way of programming, it is the type of programming language used to program so-called “mission critical” systems, i.e. systems whose failure can produce catastrophes, such as those we usually see in developments made in the previous paradigm (Solidity, used by Ethereum), where it is very easy to commit serious design errors that can be exploited by malicious actors, exposing resources and destroying projects with great potential, as happened for example in the case of “The DAO” initially and many others later on.
We know that one of the current objectives is the diffusion of the Smart Contracts programming paradigm under Plutus, that is why we have decided to carry out this Hackathon in conjunction with the National Technological University, where Haskell courses are taught, to spread this paradigm among the most important academic community in our region, making it reach greater visibility and raising awareness about the importance of securely programming smart contracts that in some cases guard the life savings of families. For us, this is mission critical.
Cardano is currently in its Basho Era which focuses on scalability. Can you explain what kind of improvements are being implemented? And what is the subsequent Voltaire Era focusing on?
It is important to understand that the challenge we are facing is one of the greatest humanity has ever faced: the creation of a decentralized, global, distributed platform is being developed in a SERIOUS way, with the capacity to process the demands of the entire planet.
Understanding this first, we can start analyzing the concrete improvements that are being made and that we hope, as a whole, will expand the capacity of the Cardano blockchain to support the global and massive use of it, in a fast, secure, and economically accessible way.
Some of the concrete improvements being made include:
- improvements to the source code;
- changes in protocol parameters;
- changes in block sizes;
- increase in the size of memory allocated for contract execution;
- improvements in Plutus capabilities
It will now be possible to perform operations that allow taking and reusing resources, thus improving the cost and speed of operation.
Like any technological system, it is important that it has a way to be continuously updated and improved, so as not to become obsolete. This is what every company does with its products.
In a decentralized platform like Cardano, it is important to have a mechanism that allows the whole community to make decisions about these improvements. This is the era of Voltaire, the political consensus leg of decision making about the direction to take and the use of available resources. The initial experimental version of this is the Catalyst project, so we are already working on it!
Awesome. Any final thoughts? Where can people stay in touch?
Just to thank you for all the love and support given by the community, and to tell you that it is an honor, a privilege and a pleasure to share this journey with you!
We will continue to support as always what we consider the best and most serious blockchain project in everything we can until we reach the goals.
Feel free to contact us through any of our networks: Twitter, or Telegram @ADAONEPool.
Disclaimer: The opinions and views of the SPOs are their own and do not necessarily reflect those of the Cardano Foundation or IOG.
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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