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      "body": "**Proof of Stake**\n\n\nIn a post on twitter a few days ago by Charles Hoskinson (one of the lead developers at Cardano), it was announced that a secure Proof of Work algorithm is being successfully developed on the Cardano. The main benefit of a Proof of Stake algorithm over Proof of Work is that it requires less computing power and thus less energy consumption. Though in the past it has not been widely accepted as there were some security concerns. \n\n\nhttps://s9.postimg.cc/y9vcv9yvj/cardano.jpg\n\nThe paper that has now been published has been called a breakthrough by Hoskinson. Proof of Stake essentially rewards owners of a coin for holding (staking) their coins. By staking the coins the network is secured as no one ever owns the majority of coins on the network. \n\nTo learn more watch the video on the Cardano Proof Of Stake algorithm called Ouroboros. \n(By IOHK)\nhttps://www.youtube.com/watch?v=LCeK_4o-NCc",
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      "body": "**Proof of Stake**\n\n\nIn a post on twitter a few days ago by Charles Hoskinson (one of the lead developers at Cardano), it was announced that a secure Proof of Work algorithm is being successfully developed on the Cardano. The main benefit of a Proof of Stake algorithm over Proof of Work is that it requires less computing power and thus less energy consumption. Though in the past it has not been widely accepted as there were some security concerns. \n\n\nhttps://s9.postimg.cc/y9vcv9yvj/cardano.jpg\n\nThe paper that has now been published has been called a breakthrough by Hoskinson. Proof of Stake essentially rewards owners of a coin for holding (staking) their coins. By staking the coins the network is secured as no one ever owns the majority of coins on the network. \n\nTo learn more watch the video on the Cardano Proof Of Stake algorithm called Ouroboros. \n(By IOHK)\nhttps://www.youtube.com/watch?v=LCeK_4o-NCc",
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      "body": "In a recent news item billionaire Tim Draper claims that bitcoin will be $250.000 in 2022. \nAn interesting prediction that comes along with many other people speculating on the rice of bitcoin's price. \n\nhttps://s9.postimg.cc/nxrt0ktfj/bitcoin_250.jpg\n\n**What is my take on this?**\nBitcoin is certainly an interesting investment. Though, right now, the real world use value of bitcoin is very low. It is quite unpractical to use the coin. To really increase in valued, it woud be necessary that there are more concrete use cases of bitcoin, that the coin is actually being used. That is probably the most important factor for bitcoin to really establish. \n\nIf you are invested you can read the news item here: https://bitcoinmagazine.com/articles/tim-draper-predicts-bitcoin-will-soar-250000-four-years/",
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      "body": "Facebook has been in the news quite a lot recently because of their problematic privacy policy. There is so much data collection and analysis happening, data is sold and it is all about advertisers. Thereby I though it was time to write about some alternative social networks to free yourself from the Facebook's control.\n\n - **Diaspora**\nDiaspora is a social network that claims that you are in control of your data. They actually work with a system of decentralised pods so the data is not stored centralised. The site feels still fresh and in development, but privacy wise this is a great option. The features are similar to facebook. \nhttps://s9.postimg.org/i65a642qn/Screen_Shot_2018-03-26_at_15.55.17.png\n\n\n\n\n- **Signal**\nSignal is a chat app similar to Whatsapp. BUT, signal is not owned by a big company and does not collect your data. Chat and talks are encrypted. \n\n- **Riot.im**\nRiot is a platform for online communication, secure calls. The great thing is that they easily allow to integrate with other apps. \n\n**Conclusion**\nThe service that comes closest to Facebook's features is definitively Diapora.  I'm really curious to see how this platform evolves! Google for *Join Diaspora to find the website.",
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      "body": "Facebook has been in the news quite a lot recently because of their problematic privacy policy. There is so much data collection and analysis happening, data is sold and it is all about advertisers. Thereby I though it was time to write about some alternative social networks to free yourself from the Facebook's control.\n\n - **Diaspora**\nDiaspora is a social network that claims that you are in control of your data. They actually work with a system of decentralised pods so the data is not stored centralised. The site feels still fresh and in development, but privacy wise this is a great option. The features are similar to facebook. \nhttps://s9.postimg.org/i65a642qn/Screen_Shot_2018-03-26_at_15.55.17.png\n\n\n\n\n- **Signal**\nSignal is a chat app similar to Whatsapp. BUT, signal is not owned by a big company and does not collect your data. Chat and talks are encrypted. \n\n- **Riot.im**\nRiot is a platform for online communication, secure calls. The great thing is that they easily allow to integrate with other apps. \n\n**Conclusion**\nThe service that comes closest to Facebook's features is definitively Diapora.  I'm really curious to see how this platform evolves! Google for *Join Diaspora to find the website.",
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      "body": "Facebook has been in the news quite a lot recently because of their problematic privacy policy. There is so much data collection and analysis happening, data is sold and it is all about advertisers. Thereby I though it was time to write about some alternative social networks to free yourself from the Facebook's control.\n\n - **Diaspora**\nDiaspora is a social network that claims that you are in control of your data. They actually work with a system of decentralised pods so the data is not stored centralised. The site feels still fresh and in development, but privacy wise this is a great option. The features are similar to facebook. \nhttps://s9.postimg.org/i65a642qn/Screen_Shot_2018-03-26_at_15.55.17.png\n\n\n\n\n- **Signal**\nSignal is a chat app similar to Whatsapp. BUT, signal is not owned by a big company and does not collect your data. Chat and talks are encrypted. \n\n- **Riot.im**\nRiot is a platform for online communication, secure calls. The great thing is that they easily allow to integrate with other apps. \n\n**Conclusion**\nThe service that comes closest to Facebook's features is definitively Diapora.  I'm really curious to see how this platform evolves! Google for *Join Diaspora to find the website.",
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      "author": "benjamin7",
      "body": "Interesting news, thanks for sharing!  Certainly an important possibility to split chains to keep things workable. \nRead some more on the principles behind the cardano project here: \nhttps://steemit.com/cryptocurrency/@benjamin7/why-i-believe-in-cardano-ada",
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      "body": "Nicely stated! I will check out your posts as well. Cardano is a fantastic project and the long term price should be incredible. Thank You for sharing.",
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      "author": "cryptoissweet",
      "body": "Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)",
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      "body": "Maybe the price is a bit down at the moment but the Cardano project is quite amazing I think, they really have a clear idea of how to tackle some of the problems that bitcoin and other coins face. I certainly believe that this coin is going up a lot in the future. I don't know about the short term but certainly a coin to hold on to this year.\n\nSome of the key points of Cardano: \nhttps://steemit.com/cryptocurrency/@benjamin7/why-i-believe-in-cardano-ada",
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      "body": "Maybe there are some fluctuations of the price, but I honestly believe that this is going to be one of the biggest cryptos in 2018/2019. Their team is so impressive and they have very bright and clear ideas. Certainly a HODL. \n\nSome of the key points of their ideas: https://steemit.com/cryptocurrency/@benjamin7/why-i-believe-in-cardano-ada",
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      "body": "https://s10.postimg.org/9fiwx7dux/cardano2.jpg\n\n**The beginning of Crypto**\nFirst there was bitcoin. Then many coins followed. The concept behind bitcoin is quite revolutionary. The blockchain allows for things that have not been possible before. \nThough, since the first time I heard of bitcoin and later of ethereum, I also had my doubts. The ideas and principles are great, though the bitcoin itself has still so many problems and uncertainties. Some of the major problems that bitcoin faces are the high transaction fees, the massive energy consumption, the problem of hard forks, the lack of a good system to make changes on the network or in the protocol. \n\n**The Cardano (ADA) Project**\nCardano positions itself as a third generation cryptocurrency. They aim to solve exactly the problems mentioned before that bitcoin faces. They aim to improve 3 main things: \n- Scalability\n- Interoperability\n- Sustainability\n\n**Scalability** \nBitcoin faces many problems as soon as the network gets more crowded. The transaction speed goes down and fees increase enormously. Though the lightning network could be helpful at this point. In January, I sent some bitcoins and put the fees at $2 approximately. Quite a high fees already I would say. Finally, 11 days later, my transaction arrived... That is so incredibly slow. Cardano aims to solve this problem, partly also by using a proof of stake algorithm. \n\n**Interoperability**\nAt the moment there is a huge amount of currencies. It is quite difficult to exchange them without the use of a centralised exchange platform. This is quite impractical. That is why Cardano aims to develop the possibility of cross-chain swaps that allow to exchange one currency for another. \n\n**Sustainability** \nHow can a coin keep existing in a sustainable way? Cardano aims to create a system that funds itself and that also allows for voting on the network for important decisions. It allows for change without the need of a hard fork, in the way the coin can be more solid. \n\n**Conclusion**\nThe Cardano Project is literally the first cryptocurrency project that I am really convinced by. They have a great team of researchers, bright idea and a solid development. I'll write more about their development team soon! \nI am really curious what is going to happen in the coming months and years with this project!",
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