Vitalik Buterin has found a way to use the blockchain technology to create decentralized applications. Anyone could program a smart-contract with the possibility of validating results of its work by Ethereum miners. This opened up wide opportunities for development of:
- Start-ups token-based financing market
- Decentralized governmental and commercial databases
- Safe identification procedures, reliable automatic control of transactions without third-party participation
- Decentralized joint-stock companies and voting procedures ("digital democracy")
- Applications for any industry and any sphere of human life
Ethereum blockchain's open code provides an opportunity to apply decentralization in any industry from "cryptoanimals breeding" to a complex model of a transnational corporation with supply, production, personnel and financial management and a development strategy.
Cardstack mission is to save and continue the evolution of Ethereum smart-contracts
According to Vitalik Buterin, "The code is the law". Freedom to write and run decentralized applications led to errors that resulted in users losing hundreds of millions of dollars.
The attempt to solve the problem with hardfork led to the emergence of Ethereum Classic. Further attempts to solve this problem of code vulnerabilities can lead to mass-cloning of the blockchain. The same happened to Bitcoin, the number of copies of which has exceeded 50. The lack of options to deal with bugs led to a split in the team of cryptocurrency developers.
Cardstack is an accelerator that funds the creation of decentralized applications, rather than taking payment for launching them, as is the case with the Ethereum network. At the same time the Cardstack platform is connected with the Ethereum blockchain, which ensures reliability of the project.
The amount of earnings of a smart- contract author is calculated by analytical miners who conduct parallel code audit. Decentralized applications can be from any industry, their value is determined and paid by users themselves, attracted by the opportunity to combine different smart contracts in the same operating environment.
Cardstack ecosystem
The Cardstack project works in the Ethereum network, and is designed to encourage the development of reliable, compatible blockchain-based applications, so the platform combines:
- Consumers
- Developers
- Analytical Miners
Participants are linked via CARD token - Cardstack users pay for access to smart contracts with it, and analytical miners and application developers are paid in CARD. To start the system, attract miners and ensure the development of decentralized applications, most of the funds raised through ICO will be spent to stimulate these processes.
Users will come on their own, attracted by the opportunities:
- To avoid the risks of imperfect code
- To create their own decentralized systems for business or personal needs relatively cheaply
Over time, payments for the use of applications will make reward fund self-sufficient. The economic system will be set up for long-term payments in the form of a subscription, part of the funds will be channeled to the airdrops - distribution of the CARD tokens among the community of application producers.
The Cardstack platform will become the standard of decentralized audit and a source of financing ideas, where programming tools will be widely deployed for the convenience of developers. This will allow many start-ups to quickly monetize existing code models without resorting to ICO.
Motivation for investing in CARD tokens
Purchasing CARD tokens is an investment in a project that is being developed since 2014. It is a framework for Ethereum, a universal interface "killing" competitors platforms. The startup changes the usual economic model, where the client gets all the profits and actually finance cryptocurrency development. This is uncommon at hte3 very least but in fact - CARD token has a good chance to become one of top 20 cryptocurrencies. And it very well can grow thousands percent after the ICO.
The public ICO of the project will start on May 24, 2018, but developers have already collected $ 27 million of the $ 35 million HardCap during the Pre-Sale. Prospects for the project are obvious to a large number of investors, so those who want to participate in the crowdasle should hurry up.
To join the ICO, go to the WEBSITE and fulfill the KYC-verification. After that, follow the instructions explaining the terms for obtaining the CARD token.