CardanoCafe's Blog

Cardano Explained

Why Cardano Matters Even More To Me When The Market Has Turned Downward

The recent reversal in the cryptocurrency markets has exposed our community to the stark realities of the risks and potential disasters that come with new technologies that have financial value and worldwide recognition. Obviously, I am not in favor of seeing my Ada become less valuable, but my participation in Cardano was never about getting rich quick or becoming an overnight crypto-millionaire. My commitment is founded upon deeper and more significant beliefs and values. I wanted to take a few minutes to remind everyone that there is a lot more to Cardano than price movements and market analysis.

May 22, 2022, by Eric Hill

Knowledge Base

Cardano Wallets Part 2: Hardware Wallets

Hardware wallets provide us with what is commonly referred to as "Cold Storage" for our Ada as opposed to "Hot wallets" which are directly connected to the internet either through a browser, a browser extension, or a mobile App. Hardware wallets have evolved remarkably over the last few years. You can send, receive, delegate, and stake your Ada using hardware wallets, and you can also connect with a variety of Exchanges, Defi opportunities, Dapps, DEXes, and NFT marketplaces as well. A secondary market has also evolved bringing us incredibly well constructed security devices that house your hardware wallet or protect your seed phrases and PIN, keeping them safe from fire damage, water damage, and theft. Hardware wallets are considered to be the most secure way of holding your Ada and other cryptocurrencies. Four of the best known are highlighted in this post.

Mar 27, 2022, by Eric Hill

Knowledge Base

Cardano Wallets Part 1: Daedalus, Yoroi, AdaLite

We all know that the first rule and priority of the cryptocurrency world is to keep our tokens safe and secure. Any good crypto wallet enables the sending and receiving of tokens, but Since Cardano is based on a delegated Proof Of Stake protocol, the next most important consideration is which wallet simultaneously gives you the ability to delegate your Ada to a Stake Pool of your choice. Choosing the right wallet for your purposes is similar to choosing a Stake Pool that best matches your goals and self determined principles.

Feb 11, 2022, by Eric Hill

Knowledge Base

2021 Cardano Summit Highlights Partnership Announcements Part 5

Cardano has committed $100,000,000 (yes, that's One Hundred Million Dollars), and created two new venture capital groups that will provide investments for companies that develop projects and products that will involve Cardano in the process. The subsidiaries will collaborate with startups around the world utilizing the Cardano blockchain and Cardano products.

Jan 8, 2022, by Eric Hill

Stake Pool Operation

Merry Christmas and a Happy New Year!

When a P2P network becomes a tree decoration and network cables become presents, then its time for Christmas. CardanoCafe says thank you and wishes a Merry Christmas to you!

Dec 22, 2021, by Chris

Knowledge Base

2021 Cardano Summit Highlights Partnership Announcements Part 4

Charles Hoskinson closed out the 2021 Worldwide Cardano Summit by announcing the latest partnership between Cardano and Coti, and the upcoming release of the first ever Cardano Stablecoin called "Djed".

Dec 19, 2021, by Eric Hill

Cardano Development Update

Cardano's Peer-to-Peer (P2P) feature is coming closer

Longly waited for, it is finally coming closer: The Peer-to-Peer (P2P) feature which many stake pool operators have been waiting for is currently in testnet. The P2P feature will drive ever greater network decentralization. Working with a small group of SPOs, IOHK has now implemented automated peer-to-peer components – to make network node connections smoother & more seamless.

Dec 10, 2021, by Chris

Cardano Explained

2021 Cardano Summit Partnership Announcement Highlights Part 3

In keeping with Cardano's mission to apply blockchain solutions to real-life problems for the billions of unbanked and undocumented citizens of underdeveloped nations, IOHK has entered into partnership with Oasis Pro Markets. Oasis offers access to fractional, tokenized alternative investments through fully digital, low friction marketplaces by utilizing Smart Contracts, Stablecoins, and Blockchain technology.

Dec 8, 2021, by Eric Hill

Cardano Explained

2021 Cardano Summit Partnership Announcement Highlights Part 2

Summit Partnership Announcements Part 2. The Cardano Summit included multiple announcements of new strategic partnerships that will have far reaching and significant impact for the world. Here are 4 more for your edification.

Nov 29, 2021, by Eric Hill

Cardano Explained

2021 Cardano Summit Partnership Announcement Highlights Part 1

This September the 2021 Worldwide Cardano Summit took place. It was a resounding success with virtual attendees and in-person attendance in 6 major locations: London, Berlin, Miami, Cape Town, New York, and Wyoming and 40 local conferences. During the Summit there were several major partnership announcements and other strategic alliances indicated. The partnerships with Chainlink Labs, Dish Mobile, and Veritree are highlighted here in Part 1.

Nov 20, 2021, by Eric Hill

Cardano Explained

The Mysterious Ouroboros

Cardano is founded upon the revolutionary delegated proof of stake protocol, "Ouroboros". The Cardano website states: “At the heart of Ouroboros is the concept of Infinity.” Going as far back as ancient Egyptian mysticism, the Ouroboros is the most enduring symbol of the cycle of life and sustainability throughout human history. Let’s look at the some of the philosophies and schools of thought that have adopted the Ouroboros as a graphic representation of their beliefs and why it is relevant to our Cardano community.

Oct 24, 2021, by Eric Hill

Stake Pool Operation

Why Choose CardanoCafe? Stake Pool Delegation Concerns Explained

Delegating your Ada to a Cardano Stake Pool enables you to earn rewards passively without surrendering your tokens, but there are several important factors which you should consider when selecting a stake pool. I believe that aligning your personal values and goals with the stated values and goals of a stake pool can provide you more than just an increased amount of Ada, and that is why I choose to delegate my Ada to CardanoCafe. It gives me the satisfaction of knowing that as a contributing member of the Cardano community I am doing good in the world while simultaneously enhancing the value of my crypto assets.

Oct 4, 2021, by Eric Hill

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