An Update

Introduction

In this section, Charles Hoskinson introduces himself and provides some quick updates on the Cardano project.

Quick Updates

• Charles talks about inaccurate reporting on the amount of commits for Cardinal project.

• He mentions that a lot of websites are tracking the old Cardano OSL repo which is deprecated code.

• There have been 1561 commits this week alone.

• Charles recommends Cardinalupdates.com as a good site to track accurate information.

• The Cardinal foundation website will be refreshed soon with information for those who hold data, want to participate in governance process, developers and state pool operators.

• The goal is to have a one-stop-shop where you can get accurate information about each role and actionable things that you can do.

• The mock chain needs to be at a point where smart contracts can easily be written against it so developers can start working full-time.

• Aparna is now in charge of all the dates for when specific things for Cardano or shipping and likely she'll probably announce such dates at her progress but during the product management updates or good times to do that.

Product Management Updates

In this section, Charles talks about product management updates related to Cardano.

New Product Managers

• Door GABA SH has joined the Cardano team as a product manager for Voltaire. He will also represent I which K at the sip committee and help figure out how to structure update proposals and handle centralized governance.

• Rob Cohen is going to be the product manager for Basho. There are some Hydra releases coming, and a blog post and an upcoming Cardano effect episode specifically about it.

Commercial Critical Infrastructure

• The team is starting to put together some dedicated funding for community lead construction of what they term to be Cardinal commercially critical infrastructure (CCCI). These are things that Cardinal needs to be competitive against other cryptocurrencies.

Building Good Commercially Critical Infrastructure

Charles Hoskinson, CEO of IOHK, talks about the importance of building good commercially critical infrastructure and making an announcement about CCC I in the coming months.

Introduction to State Pool Operators

• Charles requests stake pool operators to make a video introducing themselves to the community.

• The video should include information such as how long they have been running their operation, their experiences with ITN, how large their operation is, why they created a state pool, what they are doing with their fees (for profit or for a particular cause).

• Stake pool operators can send the video to Charles and he will retweet it.

Crowdsourcing Ideas for Commercially Critical Infrastructure

• Charles invites opinions from the community on commercially critical infrastructure that should be included in CCC I portfolio.

• He encourages people to think outside of the box and consider what would be commercially critical not just for Cardano's competitiveness today but deep into the future.

• People can share their ideas on Reddit.

Update on ITN Progress

• The ITN is still updating and evolving. 8.14 was recently released.

• There has been a massive decline in network issues and stability issues over the last three weeks related to tickets.

• According to statistics collected every week, there have been encouraging improvements in total amount of ADA state, total amount of state pools, amount of active state pools and chain quality.

• A representative sample of business and technical requirements from prominent stake pool operators was gathered during a recent meeting in London.

Improvements at IOHK

• Romain Pellerin has joined IOHK as CTO which has led to considerable improvements in decision-making speed and ability to go deep into details.

• This has allowed Charles to focus on being a CEO and not a CTO.

SIF Committee and CCC Initiative

Charles Hoskinson talks about the SIF committee and CCC initiative, requesting state pool operators to make a video introducing themselves. He also encourages the community to share their opinions on critical infrastructure on Reddit.

SIF Committee and CCC Initiative

• The SIF committee and CCC initiative will be making announcements about their work soon.

• State pool operators are requested to introduce themselves by making a video.

• Community members are encouraged to share their opinions on critical infrastructure on Reddit.

Redesigning Information Flow

Charles Hoskinson discusses the ongoing effort to redesign and rebuild information flow in the space, creating a single source of truth. He mentions that Cardano.org is being developed as a rich website with most of the things needed for discussion in one place.

Redesigning Information Flow

• There is an ongoing effort to redesign and rebuild information flow in the space.

• The goal is to create a single source of truth.

• Cardano.org is being developed as a rich website with most of the things needed for discussion in one place.

Working with Exchange Partners

Charles Hoskinson talks about working closely with exchange partners in anticipation for Shelley, staking as a service components, and leggier integration.

Working with Exchange Partners

• Cardano is working closely with exchange partners in anticipation for Shelley.

• They are also preparing for staking as a service components of that infrastructure.

• Canada has been selected for leggier integration, which will be announced by the foundation at some point.

Zero Knowledge Proof Called Sonics

Charles Hoskinson expresses his disappointment that conferences have been canceled, but mentions the completion of a new zero knowledge proof called Sonics. He also talks about the upcoming or bors paper on spikes of dishonest majority.

Zero Knowledge Proof Called Sonics

• A new zero knowledge proof called Sonics has been completed.

• It is a major upgrade over the zero knowledge proof systems used by Z cash.

• The upcoming or bors paper deals with one of the lingering problems which is spikes of dishonest majority.

Proof of Stake and Hydra

Charles Hoskinson talks about the completion of the first five years of proof of stake and how they are now focusing on cleaning, updating, and optimizing as opposed to new research. He also discusses Hydra and its unique technology to Cardano.

Proof of Stake and Hydra

• The first five years of proof of stake are complete.

• They are now focusing on cleaning, updating, and optimizing as opposed to new research.

• Hydra is a unique technology to Cardano that provides interoperability with lightning compatible systems.

Introduction and Digital Launch Event

Charles Hoskinson discusses the impact of the global pandemic on large events and introduces the idea of a digital launch event for Shelley.

Digital Launch Event

• Due to the pandemic, large events such as Self by Southwest and World Mobile Congress have been cancelled.

• IOHK is considering a digital launch event for Shelley using software providers that allow virtual conferences.

• The goal is to have maximum impact and allow everyone to participate in this significant milestone for Cardano.

• If possible, Charles will still travel to Japan for the launch of Shelley as a sign of respect to the Japanese community who has been loyal since day one.

Importance of Shelley Release

Charles Hoskinson explains why Shelley is a significant milestone for Cardano and how it sets them apart from other cryptocurrencies.

Significance of Shelley Release

• Shelley was delayed due to careful engineering and thought put into it, making it the largest release in Cardano's history.

• Beyond Shelley, many things are more iterative than revolutionary. However, Shelley was necessary for Cardano to become a top 5 cryptocurrency and worthy of replacing Bitcoin.

• Symbols matter, which is why it's important to show respect to communities like Japan who have stuck with Cardano since day one.

Stake Pool Videos and Community Involvement

Charles Hoskinson encourages stake pool operators to create videos showcasing their experiences with Cardano and their geographic location.

Stake Pool Videos

• Charles encourages stake pool operators to create videos showcasing their experiences with Cardano and their geographic location.

• He is interested in seeing people from all over the world, including South America, Africa, and Southeast Asia.

• The goal is to put faces and geographies to the stake pool operators and learn about their experiences with Cardano.