Aug 27, 2024 We Chang The World

In the past 7 years of being a cryptocurrency educator, sharing my journey as I continue to learn about the latest and greatest blockchain projects, I’ve come to witness a great many things.

I’ve grown to understand the nature between Centralized and Decentralized and I don’t just mean the difference between a distributed ledger and centralized database storage. I’m also talking about the way projects launch under the guidance of teams funded and fueled by a select and small group of financial players bent solely on profiteering while they retain majority control of the projects assets by which to manipulate their markets and more. The centralized efforts to buy media support through paid narratives of online articles, influencer shills and the like all in effort to increase the price and or create exit liquidity in market downturns as whales look to exit their positions.

I’ve seen major DEFI applications claiming to compete with the failing banking systems while empowering users with high yield returns on their deposits only for the company to rip off everyone that touched it.

I’ve seen major influencers in the crypto space worth millions actively promote the worst projects consistently, setting up their loyal viewers for losses as they buy tokens cheap, promote them on their channels and then use their viewers as exit liquidity, repeatedly, with a smile and their viewers keep coming back for more.

I’ve seen it all and it all gives me pause. As we witness the centralized banking systems that have played their part in the corruption of many countries the world over, we suffer through the most corrupt of these institutions being bailed out by governments as quote too big to fail, essentially forcing the tax paying victims of these cartels to reward them so long as they keep shoveling in the campaign contributions.

We can’t watch ten minutes of US television anymore without being bombarded by big pharmacy advertisements promoting some new drug with potential side affects that sound worse than what the pill is aiming to cure.

The greed, dishonesty, corruption and blatant disregard for others in the name of profit and self enrichment has grown staggering.

I believe we are not only in the middle of a major culture war across multiple fronts, but one of evil vs good. Personally, I am a blockchain enthusiast and that is where I feel the most ability to do good and that is what my aim has become.

The idea that blockchains can be good or evil is of course nonsensical, however, the methods by which teams of developers and builders choose to achieve their goals through blockchain technology can very much fall in those terms.

The very nature of Bitcoin and its decentralized systems to take power away from the few and put it into the hands of many is the reason many of us are here. The value from its existence grew through adoption, education and the acceptance of those that understood its fundamental value to society, not through paid narratives by means of advertising, wash trading, or centrally controlled efforts to inflate its value so that a handful of people behind the scenes could profit. Bitcoin armed the public, wherever they may be, whomever they may be with the ability to send value anywhere in the world instantly with no limits, barriers or high fees.

In all of the years I’ve been in crypto there has been only one that in my humble opinion emulates the very nature of Bitcoin. To empower the public the world over with not only the power of Bitcoin, but with the added features and functions of just about any other smart contract based technology available today without centralized control, without paid narratives manipulating the minds of those less studied, without wash trading or other nefarious methods by which to inflate its value or on chain metrics to fool others into its adoption.

I’m referring to a blockchain that has withstood many years, like Bitcoin, of constant bashing, confusion, misinformation, doubt, accusations and more, all from the lips of those that fear its power against what they themselves hold dear, most notably their greed and control.

I’m referring to Cardano. With the Chang Hardfork launching on August 27, 2024, we will be witnessing the final development era that brings all of Cardano’s key elements together to complete the academic masterpiece that holders of what I consider to be Dark Project Tokens, used to refer to as a ghost chain, or vapor ware in attempts to keep their competition at bay. Well, its time to move that goal post once again.

Cardano will set a standard for what it truly means to be decentralized.

Having initially launched in 2017 with Ouroboros, a proof of stake consensus algorithm since emulated by other major blockchains, Cardano has been developed slowly and methodically over the years to ensure quality and security through its phases.

Cardano has grown one of the largest communities in the blockchain space, not because of its hefty marketing budgets, paid narratives or shady tactics to mislead potential investors, but through its consistent string of successes in its uphill battle as each new milestone forced its naysayers to move their goal posts until becoming adopters themselves. Even the methods by which Cardano upgrades itself through its Hard Fork Combinator enabling smooth transitions between versions is in a league of its own.

The Chang Hard Fork will push Cardano into the Voltaire Era whereby a truly democratic system will ensure a decentralized governance model including the creation of a constitutional committee, delegated representatives and a new governance role for stake pool operators such as the CROW node.

These systems, meant to foster community driven decision making allowing stakeholders to directly influence protocol changes and network governance including how to be utilize the growing 1.5 Billion ADA Treasure pool which has yet to be tapped into.

Chang will empower on chain voting to ensure transparency and accountability in decision making.

Chang will also introduce PlutusV3, with advanced primitives and cryptographic capabilities that enhance the functionality and security of smart contracts on the network.

In the midst of all of this going on with the Chang Hardfork, Cardano has been upgrading Hydra to version 0.18.0 which is its scaling solution that over time will grow into a throughput powerhouse unlike anything in blockchain. Hydra introduces the means by which every one of the current 2,800 plus staking nodes that are securing the network will be able to process up to 1,000 transactions per second. Hydra creates a limitless scalability solution for Cardano as the number of stake pools increase over time. Yes, Cardano could effectively process 2.8 million Transactions Per Second with he current number of nodes. Beyond that, what most crypto pundits fail to mention is what actually makes up each transaction as each one can contain and abundance of data unlike other blockchains.

A recent example of Hydra’s power was demonstrated at Rare Evo, a convention in Las Vegas whereby the classic video game DOOM was played on a Hydra node, in an arcade box. Every frame and action within the game was a transaction on chain with Hydra. A feat never before seen until now.

In all of the years I’ve been following Cardano’s progress, I’ve never been more excited than I am this very day. All of these years educating the public on a blockchain that many labeled a ghost chain or vapor ware and the like in favor of some centralized Dark Project they believe had a better chance of making them wealthy will finally understand the start of what it means to follow their passion to profit. When the greedy have their way, nobody wins but them and those that manage to escape with any wealth are the exception, not the rule. However, when you are a part of something for the greater good, we all benefit beyond measure as we have played if even a small part in something bound to change the world for the better.

On August 27^th, 2024 we Chang The World.