On Monday (August 2), blockchain company dcSpark explained what were the factors that influenced its decision to build software products on Cardano, one of the “most promising crypto projects in the space.”
So, what does dcSpark do?
Well, according to its development team, the main goals are to:
- “Extend Blockchain Protocol Layers”
- “Implement First-Class Ecosystem Tooling”
- “Develop and Release User-Facing Apps”
dcSpark was co-founded in April by Nicolas Arqueros, Sebastien Guillemot and Robert Kornacki.
CEO Nicolas Arqueros is the ex-CTO of EMURGO (which does for Cardano the equivalent of what ConsenSys does for Ethereum) and presently “serves as a Board Member at the Cardano Foundation.”
CTO Sebastien Guillemot is the former VP of Engineering & Cardano Product Manager at EMURGO.
CSO Robert Kornacki was formerly Head of Research at EMURGO.
Here is Arqueros explaining in a blog post published on July 9 what makes dcSpark stand out among its competitors:
“Unlike most of the other companies that develop products, we are able to move between the top two layers (Application Layer and Development & Libraries Layer) while also having a deep understanding of the bottom layer (Protocol Layer).
“This gives us a unique competitive edge when creating products as we don’t require waiting for others to develop libraries or other components we need. Instead we develop them ourselves and help improve the community and ecosystem at large by open sourcing and making them available for all.“
Currently, the company is working on two products for Cardano:
- “Flint”, which is a sort of decentralized application (App) browser for Cardano; and
- “Milkomeda”, which will make it easier to use smart contracts.
Well, yesterday, the dcSpark CEO published another blog post, this time explaining why his company builds Cardano.
He started by saying that Cardano provides it users with “a full fledged PoS system at their disposal which overcomes many of the usability pitfalls other PoS chains struggle with.”
Arqueros then said since Cardano’s mainnet went live in 2017, “the network has gained a significant amount of user interest, helping to make Cardano “one of the top crypto projects in terms of marketcap” and “over 2100 stakepools”, which makes it “both one of the most decentralized blockchains in addition to one of the most popular.”
Next, he explained why the Extended UTXO (EUTXO) model used by the Cardano ledger, which is an extension of Bitcoin’s UTXO model, is superior to the conceptually simpler account-based model used by Ethereum and most other smart contract platforms.
And finally, Arqueros mentioned that “what sets Cardano apart is its self-sustainable mechanism for supporting ecosystem growth: a decentralized DAO called Catalyst.” crypto
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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