CARDSTACK: ENSURING A SCALABLE AND MORE USABLE BLOCKCHAIN TECHNOLOGY

emmy92 (42)in #ico • 6 years ago

Every now and then there are research and developments on how to make blockchain technology more scalable and usable, which led to the development of other blockchains or enhancement of the existing ones.
But, first what is Scalability? To a layman, scalability can be seen as the process by which a system is enhanced, so as to meet up with the growing demands of its users.
The first generation blockchain Bitcoin has been facing serious challenges, as developers keep looking for ways to make it more scalable, this can be seen in high transfer charges, lower speed of transactions etc.
A study has also shown that the second generation blockchain Ethereum is still in phase one (1) of their scalability development and it will take three (3) years to move to the next stage.
Even till now, most users find it hard sending out tokens, why? High gas fees and clogged network in Ethereum blockchain.
The importance of scalability can't be overemphasized owing to the fact that the crypto space is still evolving with more users trooping in on daily basis.
A platform can aim to be scalable towards a specific angle, it could be towards;
a. A Faster TPS (Transaction Per Second),
b. More Security,
c. Cheaper Transfer Charges,
d. Sharding (Ethereum),
e. Decentralization,
f. More Usability (Cardstack) etc.
It all depends on the aim of the developers.
With that in mind, a platform unique in all ramifications aims to scale towards complete decentralization, thus ensuring more usability of blockchain technology. This is no other platform than CARDSTACK.
In a nutshell, Cardstack can be seen as an open framework and consensus protocol with the sole purpose of making blockchain technology more usable and more scalable for the mass market, thus ensuring a decentralized software ecosystem with the power of challenging the present digital superpowers.

WHY CARDSTACK?

Offers Complete Decentralization: Like earlier pointed out, Cardstack aims towards scalability by ensuring complete decentralization from centralized systems.
How? Centralized tech systems have forced users into silos thus utilizing values created by those users. Silos are the method of isolating a data value, then making a fortune off it. It's a well-known fact that the first generation blockchain Bitcoin brought a lot of opportunities but was only captured by few enthusiasts.
Cardstack aims to solve these shortcomings, by setting blockchain technology in every layer of the software stack, thus creating a tool which unlocks the potentials as well as benefits of a decentralized internet.
Favouring The Open Digital World: Centralized systems also locked us in app silos, as can be seen in one subscription per app. Cardstack aims to favour the open digital world by making it possible for end users to fix and/or match features in multiple apps or DApps (Decentralized Applications) without the need of considering separate cloud subscription for each app. With Cardstack, users will also have the opportunity to create different workflows merely by joining services from different parts of the internet.

CARDSTACK ECOSYSTEM

The ecosystem is ruled by smart contracts and powered by Cardstack token (CARD).
The ecosystem is made up of sections;

Register: This is where end users and contributors indicate interest in acquiring CARD, which is done during Token Generation Event or Peer-to-Peer exchanges.
Retainer: When CARD is converted to Software and Service Coupon (SSC), it is sent to an app contract which then enables the Retainer agreement.
Redeemed: The SSC is burnt in this sections when the app is used thus forming an on-chain transaction history which helps in calculating the allocation of CARD to reward software makers.
Reward Pool: This is a specialized settlement network where software makers and miners earn from.

CARDSTACK TECHNOLOGY

Cardstack technology has three distinct layers;

App Framework: A well-designed SDK (Software Development Kit) used for building strong, powerful and cohesive blockchain apps.
Aggregation Protocol: In this layer, Cardstack-powered DApps have access to Tally protocol, thus giving DApps the power to perform complex computations such as counting votes, rewarding good work etc.
Ecosystem Token: With the aid of smart contracts, developers can monetize their Cardstack-based app. This smart contract is powered by CARD.
Benefits Of Cardstack Technology
For End-users: They can mix and match multiple DApps and Cloud apps, as well as creating new workflow and app combination using Cardstack Hub, etc.
For Developers: They can utilize Cardstack SDK for developing powerful apps and get rewarded for the materials used, etc.
For Analytic Miners: They help to protect Cardstack platform against spam, outliers etc. They also earn CARD which can be held or pushed back to the ecosystem.

CARDSTACK TOKEN

Cardstack token CARD is an ERC20 token built on Ethereum blockchain. It is a utility token with the total supply of 10,000,000,000. CARD can be used by users for payment of entire mix of software usage.

INFORMATION ON TOKEN GENERATION EVENT (TGE)

The TGE started on 31st May 2018.
For more information on TGE, visit: https://medium.com/cardstack/announcing-the-cardstack-token-generation-event-b694fa04c5a6

CONCLUSION

Cardstack aims to make blockchain more usable and scalable by building a software ecosystem which is economically sustainable thus fighting back against the lock-in mechanism of centralized systems which is becoming a trending thing.
With blockchain technology offering decentralization, Cardstack was able to achieve outstanding results. This is made possible through its unique platform offering units of information as bite-sized or encapsulated cards which can be approved, cloned or saved forever.
By full utilization of the ecosystem, Cardstack creates mass-market adoption of blockchain technology.