Convert Cardano ADA to Agoras: Tau Net AGRS

Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.

Agoras is the native currency of Tau, and it’s designed as money you can program. Terms can be attached to the funds themselves, in the same plain language used for account rules. These terms can set how fast it can be spent, what it can be spent on, when it comes back and when it stops existing. For example, you can send 2,000 AGRS that can only be spent at 500 a week, or send funds to a brother so that anything unspent returns after 30 days. You can also send a donation that can only be spent on registered charitable purposes, and that restriction stays with the funds even if they’re passed on. Because the terms travel with the money, they’re enforced wherever it goes, and no one has to remember to follow up.