Hot answers tagged

19 votes
Accepted

What are the practical motivations for owning ADA crypto currency?

This is very subjective and can only be answered from an opinionated position. With that, it has value, IMO because it has been developed by a very methodical, mathematical, and scientific method ...
user avatar
  • 691
15 votes

Why is there a 45 Billion coin cap for ADA?

Charles Hoskinson stated that it is a fairly arbitrary number in one of his AMAs. He jokingly explained, It's because 44 999 999 999 was not enough, and 45 000 000 001 was too much. With 1 Million ...
user avatar
  • 1,927
15 votes
Accepted

Why is there a 45 Billion coin cap for ADA?

One reason for billions of ADA rather than millions may have been to encourage adoption. Psychologically, people are more likely to buy something when it is perceived as "cheap", and with a ...
user avatar
  • 533
13 votes
Accepted

How is a stakepool rewarded?

Let's assume your pool has the below configuration, Cost - 340 ADA Margin - 1% Pledge - 5000 ADA Delegation from all delegators - 5000 ADA We will not discuss the reward calculation timing in this ...
user avatar
12 votes

eUTXO transaction model Vs Account Based Transaction Model

There is a nice blog post bu IOG: Cardano’s Extended UTXO accounting model – built to support multi-assets and smart contracts that discusses the difference between two models. For a more in depth ...
user avatar
12 votes
Accepted

How to make your own coin on the ADA Cardano Network?

You'll need to use the Cardano CLI. It's technical and a programming background is helpful but not required. Here is a walk through video.
user avatar
  • 691
11 votes
Accepted

I am completely new to Cardano eco system. To learn it from the absolute basic, where do I start?

There are a lot of places/tools to start, so, here are some of them sorted in a learning path: Developers guide, this has a complete guide of tools to start developing on cardano. You can find them ...
user avatar
  • 1,624
9 votes

Why is there a 45 Billion coin cap for ADA?

Cardano is not aiming to simply be a store of value. Utility is key for the project. The goal isn't necessarily to drive the price up into the thousands of dollars. Also, give the scale of the goals ...
user avatar
  • 343
8 votes
Accepted

How is new ADA created?

All ADA has already been minted. Technically it was all minted in the first block. The stake pool payouts come from the reserves and transaction fees.
user avatar
  • 1,662
8 votes
Accepted

What is the expected ROA (Return of ADA) after all coins are minted?

To start, all ADA does already exist and is accounted for, as seen in the Introduction section on page 4 of the Cardano ledger spec. The spec states that, from genesis, there was about 13,000,000,000 ...
user avatar
  • 500
8 votes

What is the expected ROA (Return of ADA) after all coins are minted?

In ADA all coins are already minted. The total supply is 45 billion tokens. About 13 billion coins are not used and are "locked" in the treasury. It is used to be able to pay out the rewards ...
user avatar
8 votes
Accepted

Will I receive rewards for all epochs when I switch my stake pool?

You will continue to get rewards every epoch. Cardano works on epoch "snapshots" that occur every 5 days. It takes 3 epochs to get paid the rewards from a snapshot. This means that if you ...
user avatar
  • 1,662
7 votes

How to make your own coin on the ADA Cardano Network?

In addition to @xanadont's answer, you can also use cardmintano if you prefer a graphical user experience. It's being actively updated (most recent commit was ~2 weeks ago).
user avatar
7 votes
Accepted

Is there a minimum amount of ADA I can send in a transaction?

There is a minimum UTxO transaction size of 1 ADA not including fees. That means the absolute minimum transaction is 1 ADA + fees.
user avatar
7 votes
Accepted

Is there a maximum amount of ADA I can send in one transaction?

The limit amount of output ADA is specified as Word64 which is an 64-bit unsigned integer, therefore the maximum output is 18 446 744 073 709 551 615 lovelaces in the current implementation. So, ...
user avatar
7 votes

Nami wallet showing getBalance returning a NaN

getBalance function returns cbor encoded hex string, so you should actually decode it. Easiest way to do it is by using Cardano Serialization Lib. After you've downloaded the library you can decoded ...
user avatar
  • 551
6 votes
Accepted

How can I withdraw ADA from delegation to a pool?

Yes, it does. At the moment you deregister your stake key, you will get your deposit back and at that moment, you are no longer able to receive rewards. All your rewards will go to the treasury.
user avatar
6 votes
Accepted

What companies and institutions accept ADA as payment?

I do not know of such a list, but it would be very cool if someone started such a list within a repository, similar to essential Cardano.
user avatar
6 votes

Why is the growth in value of ADA being described as "parabolic" rather than "exponential" or something else?

Searching Google for "cardano ada exponential" gives ~305k results. Searching Google for "cardano ada parabolic" gives ~309k results. Likely is just some resistance in the ...
user avatar
6 votes
Accepted

Can Babel fees be extended to be a protocol level DEX?

I think you may want to consider reversing the order here. The intent behind babel fees from my understanding is to leverage future conversion guarantees, DEXes, and other avenues for guaranteeing ...
user avatar
  • 341
6 votes
Accepted

When will all 45 billion coins be in circulation?

The formula is quite complex, but at a high level it's an exponential decay like Bitcoin. Up to 0.3% of the remaining reserves may be mined at each epoch (5 days), however it depends on various ...
user avatar
  • 251
6 votes

Will cardano halving happen to increase the demand of it?

Welcome to the community. Rewards get reduced by up to 0.3% every epoch (5 days). I'd suggest calculating your market cap projection. 1000 USD / current price (1.64 USD) would give us a 609.7x market ...
user avatar
6 votes
Accepted

Should I transfer my ADA to the latest wallet when a new era become available?

There is nothing you need to do, thanks to the hard fork combinator, hard forks are entirely transparent to the users!
user avatar
6 votes
Accepted

HELP NEEDED Block producer blocked by DigitalOcean - recover ADA?

if you have all your keys, you can start locally a node. When the node is synced, deregister your pool with cardano-cli by submitting a transaction with a deregistration-certificate created by the ...
user avatar
  • 191
6 votes

The Concurrency Issue

Here is a big old list of relevant resources. Some of them claim (credibly, I think) to solve the problem without sacrificing decentralization. From IO https://plutus.readthedocs.io/en/latest/plutus/...
user avatar
5 votes

How to make your own coin on the ADA Cardano Network?

The Daedalus team is working to have this ability using the Daedalus Wallet GUI.
user avatar
5 votes

How can I withdraw ADA from delegation to a pool?

Delegating, undelegating, deregistering When you delegate for the first time, only 2 Ada is "locked up." The rest of your Ada can be spent at any time you choose. So if you're simply wanting ...
user avatar
5 votes

Will cardano halving happen to increase the demand of it?

No. There will be no reduction of the supply of ADA in the future to increase its value or demand. Total supply is fixed and yes its greater than that of BTC and ETH. All this means is that the ...
user avatar
  • 1,662
5 votes
Accepted

15- or 24-word recovery seeds for ADA wallets

Following the BIP39 standard, 15 word seeds are proving about 160 bits (20 bytes) of entropy, where 24 word seeds are providing around 254 bits (32 bytes) of entropy. As long as you do everything to ...
user avatar
5 votes

Is it possible to generate your own Cardano ADA private keys and public addresses externally and import it later for use into a wallet?

There are a variety of projects within the IOHK Github repository that may give the correct level of interaction you desire. After some digging I think the cardano-addresses project would fulfill your ...
user avatar
  • 53

Only top scored, non community-wiki answers of a minimum length are eligible