“We are growing more every day, the future is very promising,” says the Ambassador of the Cardano Foundation in Venezuela

This year 2021 has been a dream year for all Cardano fans, from the Mary update in March to the development of Alonzo in the third quarter of the year, hence a roundup and opinion on everything Cardano has been on its way this year from a Latin American perspective we interviewed Edickson, one of the ambassadors for the Cardano Foundation, who also owns Cardano’s Venezuelan stake pool called ‘BLESS’.

Juan Abad (JA): Where did the idea come from and when did it take shape, when was it put into operation? TO

Edickson (ED):  The idea of ​​starting a pool came from the first moment I knew it was doable, but to make it a reality I had to spend about a year doing research and asking ambassadors and administrators of the Cardano groups in Spanish , then incentivized the ITN with a Rush-based node, we had a lot of problems paying for the servers and getting them up and running until my partner said: “Hey, I have a friend who lives in Belgium and a bank card from this country go call him and we’ll give him the money and let him pay for the servers so he can set up the pool “and that’s how it was done, the servers were paid for 6 months, Unfortunately, because we didn’t have the payment methods to get out of Venezuela, we lost time and joined the ITN back in the 90s, but the time we had was very successful and raised money to be on the mainnet to stay once it starts.

“We are growing more every day, the future is very promising,” says the Ambassador of the Cardano Foundation in Venezuela
“We are growing more every day, the future is very promising,” says the Ambassador of the Cardano Foundation in Venezuela

JA: Why with Cardano?

ED: After a rigorous investigation found that Cardano has a lot of potential, and that it could make a living from staking it would certainly be a lot more efficient Generating rewards with expensive machines that will later become obsolete, I also recognized after my research how much Cardano can help the world and that’s why I fell in love with this project.

JA: In your opinion, what are the advantages of PoS over PoW?

ED: Â The PoS has too many advantages, for example one uses very little power, on the other hand, if you want to move your mining PoW it is very difficult to carry all of these machines in addition to the risk of them to lose with one PoS does not happen that you can move where you want without much difficulty and take your ADAs with you, which you can use to generate rewards when delegating in a pool. Moving a Cardano pool to any part of the world is also super easy in contrast to PoW, PoS is much more scalable than PoWTO and the distribution of the rewards is much more equitable, especially in Cardano, In addition, Cardano’s PoS is one of the most decentralized.

JA: What is staking out?

ED: Staking consists of delegating your voting rights or ADA to a pool so that they can sign blocks on your behalf for which the pool operator will receive rewards for maintaining the pool, and the delegator will receive rewards based on the number of delegates to the pool ADAs, It’s worth noting that the ADAs never leave the user’s wallet and they don’t have to be online to stake and their ADAs are never blocked and they can switch pools or stop delegating at any time. The staking rewards are around 5% per year if the pool is doing well and is not saturated.

JA: How do you see the knowledge of Cardano here among the Venezuelan people and in Hispanic America?

ED: I think there is still a lot of ignorance, but we are growing more every day, both here in Venezuela and in other countries in the region, More users are coming to Cardano every day, the future is bright.

JA: What percentage of the ADA delegates in the Stakepool represent Venezuelans and how many foreigners?

ED: It’s difficult to know exactly, the only way delegates will reveal it, but they don’t necessarily have to disclose that information to the operator. The operator can see the capital delegated to the pool but cannot know who it belongs to if the delegate does not reveal it, but I tell you that several Venezuelans are supporting us, some with many ADAs and unfortunately others have left, but me know they’ll come back.

JA: As a delegate of a Cardano stake pool, how did you live with the ADA ascents and positive news that came out all year this year?

ED: We have had a great year without a doubt, our income has grown exponentially, and I believe that next year we will continue to grow and earn a lot more.

YES: Opinion on Ethereum 2.0?

ED: I think Ethereum 2.0 is not what many expected so I don’t know if it has a future.

JA: And Solana?

ED: It’s a very centralized project, just because I know it doesn’t make me see it with good eyes.

JA: Where and how do you see Cardano in 10 years?

ED: I think that in 10 years it will be very well set up with thousands of dapps and smart contracts running on the network and therefore a lot of transactions.

JA: And ADA? A lot of people criticize it for not going as high as the others, you. What do you think of that?

ED: This project doesn’t have to make anyone rich, it has already been said that you want to create the next global financial system to help thousands of people around the world. I believe ADA will go up a lot at this time, but if it shows its value because price follows value, So it’s a long-term project that wants quick money that goes elsewhere.

YES: Have smart contracts been introduced or not?

ED: Yes, smart contracts can already be used, but not many at the moment as the developers are training in Plutus and Haskell Until it is compatible with several languages, this process is necessary for the next year in order to run many smart contracts in Cardano

JA: The scalability solution in Cardano, Hydra, what is it made of and what do you think of it?

ED:Hydra is made up of side chains in which every hydra boss will be able to process a thousand transactions per second. It will undoubtedly be the scalability solution that enables Cardano to be the most scalable network of all, and it will pave the way to adoption. massive Cardano with low commissions and a network that works very quickly and easily, we will see when the Cardano network protocol is finally upgraded to Ouroboros Hydra.

JA: Any thoughts on AgeUSD?

ED: It will be your very valuable resource, but up to this point I can only speak my mind.

JA: Cardano is betting a lot on Africa, why?

ED: Since Africa is not only a continent with many needs but also has great potential, and one of them is the lack of a financial system that is accessible to all, In practice, they want to give Africa financial freedom, as well as decentralized finances that support the development of the population.

JA: Do you see the same interest in Latin America as possible?

ED: Sure, but that time won’t come until Africa is completely ready.

JA: If it weren’t for Cardano, what other blockchain do you think you would be working with and why?

ED: I think if it weren’t for Cardano, we’d be in the bank now because the other chains don’t offer people with limited resources like us to work with them. You also have to be motivated enough to feel like we’re working on something big like Cardano.

JA: Bitcoin, what do you think of the cryptocurrency?

ED: Without a doubt the king, but with a lot of scalability problems, but if it should happen that it fell, the entire crypto industry up to Cardano would be badly affected, but the time will come when Cardano is no longer affected by BTC

JA: What is a blockchain and how could it bring about improvements? World?

ED: A blockchain is a type of distributed network in which transactions are immutable and the nodes on the network validate transactions and everything that goes through the blockchain. Well to see how it could make the world better it would be in so many ways with traceability of on-chain products, decentralized credit, decentralized identity with Atala Prism, protection of papers and property and a more fluid economy, Even in the medical field it could bring a lot of improvements, in fact the blockchain has been very helpful for the Venezuelans as we can avoid inflation very easily and receive money from other parts of the world in seconds

JA: How can you delegate to your stakepool?

ED:Â From the Yoroi or Daedalus wallets or any reliable wallet where the user is the sole owner of their keys, you can search for BLESS in these wallets and delegate to them. For more information here a guide look for the guide in the Cardano forum.

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