Blockchain technology has been a driving force that has created the infrastructure that enables developers to develop different decentralized applications, right now over a thousand different utility tokens are being used to power the various functions of these decentralized apps. The efficient management of these utility tokens that power these apps has been a bottle neck for users of these marvelous apps. Users find it very difficult and tasking to be able to match similar features and make conclusions of dApps to leverage while looking for what will solve their various needs.
Also, creators of these Apps have been looking for a proficient way of incentivizing their products/softwares in ways that would not seem too exorbitant for their app users thereby making their users enjoy using their platform and at same time be getting their rewards accordingly. These few issues and many more have been around and have been demanding for solutions, then fortunately the solutions to these has been proposed by a blockchain project known as Cardstack.
What is Cardstack?
First I would want to curl the definition from their white paper in which I will further break down the technical terms in my own understanding of the awesome project in order to help noobs or those that are new to blockchain to understand it better, read on and enjoy the ride…
“Cardstack is an open-source framework and consensus protocol that makes blockchains usable and scalable for the mass market, creating a decentralized software ecosystem that can challenge today’s digital superpowers.”
Definition from website
url: https://cardstack.com/overview
In a nutshell, cardstack is proposing a software hub which will serve as a connectivity to other softwares, both cloud based and blockchain dApps. This ecosystem will allow both the developers and the users of these softwares to be able to customize the workflows of these various apps in a stack like format. Cardstack is proposing a decentralized ecosystem where disparate apps can be accessed in one stack using any workflow design suitable for the user. And not just that, also with cardstack users can be able to compare and match several features of different apps or decentralized apps without having to worry about the utility tokens that are needed on a normal to access the features of these different apps. Wow isn’t that awesome…to me this is a great revolution in the era of blockchain tech.
“Cardstack’s approach to decentralizaton lets self-sovereign users’ act as their own hub, so that interactions with applications and services running on networks of different topologies flow through a software stack controlled by the users.” (Quote from their whitepaper)
What values does cardstack propose to offer?
I guess you are already excited about the project and looking forward to know the values all these features have for the masses, according to cardstack white paper, the values are based on two major set of people that make up software ecosystem;
- The makers of softwares and
- The users of these softwares.
For the Makers of softwares, cardstack proposes a new economic model for funding and sustaining the softwares that these creative individuals develop, what this means is that the cost of running and maintaining softwares will be taken care of by those buying these softwares and the rewards that is being accrued from this as the software is being used will be distributed evenly among both the creators of the software and the open source communities that help in the support of these softwares, imagine when you are getting incentives for doing what you love, wow what an encouragement, cardstack is proposing what will be motivating individuals to be creative and productive because their skill set will be paying them off. With this, most valuable applications that we see these days with poor maintenance and lack of support due to little or no incentives will be no longer be like that because there will be much rewards that will be going to the creators and the communities that continuously support all the components that make up the application or software and all these will be done via smart contracts.
For the Users, cardstack is hoping to provide users with a cohesive usage experience of disparate apps. Currently we all know that apps are more like in a singleton format in the sense that we are in the era of having standalone native apps operating as disparate silos. Cardstack is proposing a new UI (User Interface) where all the disparate application’s services will be inform of “cards” and these cards will contain all the necessary features of the individual application, with these, users can have a hassle free connectivity in between related cards. This will eradicate the problem being faced by users of related applications that don’t have a simple flexible workflow that enables the applications to communicate with each other and enable there users to match features and finally choose the one to leverage, cardstack provides solution to this challenge by making all the “cards” of disparate and related apps’ features (both cloud based ones and blockchain dApps) all to be in a single interface known as “cardstack hub”.
List of cardstack features and benefits screenshot from their website >>
Where and how will cardstack be getting the incentives for the makers/creators of the apps?
Now having discussed the values that cardstack proposes, one question that should be in your mind right now is “how will cardstack be getting the money to be rewarding the makers of the softwares as I described in the first cardstack value?”, well if you had this question in mind, this now leads to the introduction of cardstack utility token called CARD, this is an ethereum-based ERC20 token. (Am assuming you know what I mean by this, if not please consult google and educate yourself more, thanks.)
Now every user of this awesome platform is expected to have purchased this utility tokens (CARD) in order to access all the features and services that cardstack ecosystem offers. These CARD tokens will be converted into SSC (Software and Services Coupons, see these coupons as cardstack internal currency which its smart contracts recognizes), this coupons will be sent to a particular apps’ contract in order to establish the retainer agreement. Then the Converted CARD tokens are locked in a reward pool until the next reward allocation cycle, which will be triggered by a block-based timer. (Curled from their white paper)
url: https://cardstack.com/assets/media/cardstack-white-paper-v1.0.4.pdf
Having thrown a little beam light about cardstack project, i would like to stop here for now in order not to overwhelm you with long article, in my next post...i will be shedding more light about cardstack and why i believe that the project is going to be a success thereby encouraging ICO investors to invest in it by buying their CARD token, will also talk about their tech savvy experienced team members, their road map, etc...thanks for reading, you can know more about cardstack by visiting the following links below...
Official:
Official website: https://cardstack.com
Bitcointalk [ANN]: https://bitcointalk.org/index.php?topic=2768237.0
Whitepaper: https://cardstack.com/whitepaper-pdf
Telegram: https://t.me/cardstack
Reddit: https://www.reddit.com/r/Cardstack/
Twitter: https://twitter.com/cardstack
Medium: https://medium.com/cardstack
YouTube: https://www.youtube.com/cardstackproject
Github: https://github.com/cardstack/cardstack
Disclaimer:
I am not a financial advisor, I am only sharing my opinion about cardstack from my own understanding of the project. Don't hesitate to drop your questions below for proper clarification and also do your own due diligence Before Investing In any ICO project.
Thank you.