The project is building an open-source ecosystem to challenge centralized platforms and promote mass dApp adoption.
Blockchain has been redefining the computing landscape. It has emerged to be a force for innovation even compelling traditional organizations like banks and enterprises to adopt the technology and work on their respective blockchain projects.
Unfortunately, mainstream adoption remains sluggish.
One of the reasons behind this is the way blockchain projects are siloed from each other. Decentralized apps (dApps) are usually created as standalone ecosystems with limited interoperability. To create their desired workflow, users have to invest in costly feature-rich services or manage multiple subscriptions.
Each dApp also tends to use its own token in order to function. If users want to cover the functionalities they need, they also have to acquire various crypto tokens. This can be quite costly and only adds friction to the experience.
As such, many users tend to avoid blockchain-based services and dApps. In the meantime, they continue using established centralized platforms which only fuels the dominance of tech monopolies. The downside is that ordinary users miss out on the benefits of blockchain such as security, privacy, and control.
Cardstack wants to challenge this and lay more groundwork for a decentralized Internet. In order to achieve this, the project aims to build an economically sustainable and open-source software ecosystem that provides means for users to mix and match features from various apps and dApps. This can be done through a single platform without the need to juggle different interfaces, subscriptions, or tokens.
This revolutionary experience layer will make blockchain usable and scalable for the mass market. Cardstack allows users to connect multiple dApps and join services from different layers of the Internet creating new workflows that can address practically any user story. This only increases the practicality and usefulness of dApps over conventional centralized services.
Cardstack’s key features
- It features an open-source framework with a comprehensive SDK for developing powerful, extensible, and compatible blockchain apps and transferring value across multiple blockchains and the cloud.
- Cardstack Hub presents various computing functionalities as cards. Chaining functionalities is easy as stacking these cards through an easy-to-use interface requiring no programming or coding knowledge.
- It is powered by the scalable off-chain Tally consensus protocol. Tally serves as the brain of the system and enables dApps to perform complex computations and organize large users’ networks.
- It has a token mechanism that uses smart contracts to allow developers to contribute open-source functionalities to the platform and be rewarded with Ethereum-based ERC20 Cardstack Tokens (CARD).
As a result, users get an opportunity to break down the silos of apps and enhance their workflows with dApps. They also need to use just a single token to pay for what they need. Developers can use the Cardstack SDK to build new apps and get fair compensation in the form of CARD tokens. Finally, CARD holders can become miners and also earn rewards by contributing computing resources to the network.
Cardstack has the potential to provide users with new levels of productivity through dApp-driven workflows. This, combined with blockchain’s inherent features of security and transparency, could help boost the profile of dApps to more users ushering in wider adoption.
Cardstack ICO details
In order to fund this innovative framework, Cardstack will offer interested participants 2 billion of the total supply of 6 billion CARD tokens during the token generation event (TGE). The rest of the tokens are to be minted over the next 10 years. 1 CARD will be sold at a rate of $0.017. The project developers hope to reach a hard cap of $35 million.
If you are interested in this ICO, head to the official website or subscribe to project updates on Twitter and Telegram.
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