Cardano Rumor Rundown November 28, 2021

Hey Everyone!

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Newly covered today:

1. IOHK drops a new article on a tiered transaction fee system that would still preserve determinism. https://iohk.io/en/blog/posts/2021/11/26/network-traffic-and-tiered-pricing/
2. Here’s a good concise tweetstorm inspired by the Raul Pal/ Breedlove conversation about how the last 100 or so years led us here to this macro environment and crypto. https://twitter.com/JamesRothmann/status/1464305493099393028
3. Interesting discussion of the SundaeSwap ISO, the Scooper Model, and decentralization. https://youtu.be/94N8KXNs_as
4. John O’Connor drops an IOHK article on “RealFi” including thoughts on the ramifications of validated identity for uncollateralized loans in markets like Kenya and the projects in Ethiopia and Zanzibar. https://iohk.io/en/blog/posts/2021/11/25/welcome-to-the-age-of-realfi/
5. The Cardano dApp ecosystem maps continue to grow to silly proportions. https://twitter.com/Coin98Analytics/status/1463782688502915075/photo/1

Previously Covered but still interesting:

1. People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
2. Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
3. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
4. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
5. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
6. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
7. There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
8. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
9. Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
10. Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
11. Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
12. There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
13. We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
14. Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
15. The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
16. Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
17. ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
18. dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
19. The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
20. There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
21. Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
22. The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
23. Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
24. The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
25. There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
26. You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
27. The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
28. There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
29. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
30. The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
31. It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
32. A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
33. Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
34. It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B
35. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
36. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
37. Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70
38. Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
39. SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
40. A University of Virginia School of Law lecturer outlines a crypto related “hidden felony” in the Infrastructure Bill. https://www.decential.io/features/defi-and-the-digital-asset-felony-hidden-in-the-infrastructure-bill
41. IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
42. We get a view of what can actually be built on a Pavia single Parcel and news that the Pavia Map v.2 will launch soon with wallet linking and custom images. https://twitter.com/Pavia_io/status/1456667167680831491 https://twitter.com/Pavia_io/status/1456523907280822273
43. The Plutus Application Backend (PAB) Beta has been released! Developers of Cardano dApps can now begin experimenting on the testnet! This is a big milestone! https://twitter.com/InputOutputHK/status/1456683592726233097
44. Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
45. Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
46. We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
47. We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
48. World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
49. It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
50. Apparently, there’s a new partnership between COTI and the Cardano Foundation. Sounds like we’ll hear details on November 10. https://twitter.com/shahafbg/status/1457665945963532294
51. There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
52. The IOHK Haskell course in Ghana will include 80 students! https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/
53. A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
54. Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
55. COTI is now talking about news of an IOHK Partnership to be announced on Nov. 10 in addition to the previous announcement of an announcement of the new Cardano Foundation partnership slated to be announced Nov. 10 6pm UTC. https://twitter.com/COTInetwork/status/1458129369482792967
56. Here’s a beautiful thread explaining how one of Cardano’s big competitor’s tps claims may be HIGHLY misleading. https://mobile.twitter.com/EdnStuff/status/1457875177052643333
57. The Galaxy Digital paper on Gen 3 blockchains is out. I think some may definitely take issue with their description of the capabilities of eUTxO smart contracts in the Cardano section. https://twitter.com/cardano_whale/status/1458271252993302535
58. The Catalyst Natives program rolls out with a COTI ADAPay challenge to develop ADAPay plugins for medium & small businesses. https://iohk.io/en/blog/posts/2021/11/10/introducing-catalyst-natives-how-any-business-can-leverage-the-cardano-innovation-engine/
59. The “Director of Ops” of ENS Domains runs a poll about whether or not ENS Domains or Cardano has more utility. At writing, over 30k voters had surprised him with the answer he didn’t expect.. https://twitter.com/BrantlyMillegan/status/1458268301100990467
60. IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
61. Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
62. In macro news that could affect Cardano and all of crypto 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. https://twitter.com/CaitlinLong_/status/1458507405675880452
63. World Mobile dropped a nice youtube AMA for us. Very interesting details came up about Microsoft Airband, Google Project X, and Project Taara. https://twitter.com/WorldMobileTeam/status/1458718340931858435
64. Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
65. The Cardano Summit 2021 Terra Virtua NFTs have arrived. Check your inventory if you did all the tasks in the Summit’s virtual worlds. https://terravirtua.io/inventory
66. Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
67. Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
68. The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
69. Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
70. We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
71. The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
72. IOHK has dropped their new article on eUTxO dApp architecture. It explains in detail a design for an eUTxO order book. https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/
73. Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
74. Looks like Cardano is seeing a huge amount of on-chain activity. The crazy part is this is all pre-PAB. Just wait until dApps can actually launch! Unsurprisingly, some supporters of other chains were shocked to realize they didn’t understand the difference between exchange trading volume and actual blockchain use volume. https://twitter.com/cardano_daily/status/1460238659098005504 https://messari.io/screener/most-active-chains-DB01F96B
75. Charles drops a short regulatory update letting us know about the proposed bill to fix the highly faulty Infrastructure Bill language and another new bill to lay out a pro-crypto comprehensive regulatory framework for crypto (including definitions for utility coins). https://youtu.be/AcBuk0zHLfU
76. Here’s the announcement and the bill from Senators Lummis & Wyden to fix the bad crypto language in the Infrastructure Bill. https://www.lummis.senate.gov/press-releases/wyden-lummis-introduce-bill-to-fix-broker-definition-for-digital-assets/ https://www.lummis.senate.gov/wp-content/uploads/GAI21B7321.pdf
77. Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
78. CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
79. Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
80. Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
81. Pavia says they will drop the extended land map next week and that it will include some new land types. https://twitter.com/Pavia_io/status/1461331532069711876
82. The smaller “fix-it” bill that would attempt to remedy the bad crypto language in the Bipartisan Infrastructure Bill has now been introduced in the House of Representatives. https://twitter.com/jerrybrito/status/1461317078175072263
83. Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
84. MSN.com runs a positive Motley Fool article on Cardano. https://www.msn.com/en-ca/money/topstories/in-the-world-of-crypto-cardano-could-be-a-real-winner/ar-AAQWzzf
85. The updated list of Cardano researchers now numbers 152. https://twitter.com/DIGI_StakePool/status/1462536768658542604
86. A new wallet has been announced. https://twitter.com/TyphonWallet/status/1462410333939658752
87. Charles dropped a new AMA where he mentioned very briefly that they are actually going to look into read-only UTxOs. If it’s possible to have these types of UTxOs while preserving determinism, it would be a big change since transactions must currently consume inputs. https://www.youtube.com/watch?v=NJcVEJ1a6eg Some background reading on read-only UTxOs: https://github.com/Emurgo/Emurgo-Research/blob/master/smart-contracts/Unlocking%20The%20Potential%20Of%20The%20UTXO%20Model.md
88. Apparently, we have surpassed 20MM transactions on the Cardano network. https://twitter.com/CardanoTech/status/1462805643874680835
89. World Mobile gives a peek at their aerostat hanger where they will launch balloons to connect the unconnected in Africa. https://twitter.com/WorldMobileTeam/status/1462715361015521280
90. Pavia has dropped some very cool images of their avatars (or at least “background characters”). https://twitter.com/Pavia_io/status/1461713781122232327
91. Remember, Cardano 360 is the last Thursday of every month. That means this Thursday, November 25th! https://twitter.com/InputOutputHK/status/1462793042587443206
92. Jerome Powell is named to a second term as Chairman of the Federal Reserve. https://www.wsj.com/articles/biden-will-tap-jerome-powell-for-new-term-as-fed-chairman-11637589600
93. We got another Plutus Application Backend (PAB) release today (11.22)! https://github.com/input-output-hk/plutus-apps/releases/tag/v2021-11-22
94. CMC is now showing Cardano native assets! https://twitter.com/matiwinnetou/status/1462902025633554444
95. It looks like we’re getting a block size increase and a plutus script memory increase on December 1, 2021. https://iohk.io/en/blog/posts/2021/11/22/slow-and-steady-wins-the-race-network-evolution-for-network-growth/ https://twitter.com/cardano_whale/status/1463097104331468803
96. Pavia has partnered with ReadyPlayerMe so that you can build your own avatar. https://twitter.com/Pavia_io/status/1463103151893106688
97. Charles drops a video on the eToro user limitations. It sounds like IOHK knew nothing about this. Interacting with exchanges falls in the Cardano Foundation’s wheelhouse. It’s unclear whether the CF knew anything. He also pointed out it’s very interesting that an old line exchange like Bitstamp has decided to LIST Cardano during this same period. Charles also mentioned that they haven’t seen any regulatory activity on IOHK’s end. eToro is a relatively small source of liquidity for Cardano and there shouldn’t be much of an impact. https://youtu.be/WYQTkf8ndpY
98. The Pavia map is expanding on Wednesday, Nov. 24th at 1500 UTC with a second land sale. https://twitter.com/Pavia_io/status/1463153632484941834
99. Charles drops a video about the Caravan moving on despite any FUD (like eToro) that temporarily emerges. https://youtu.be/IjXkP_DGRgY
100. The Pavia second land sale saw demand vastly outstrip supply to become (reportedly) the biggest Cardano NFT drop ever. https://twitter.com/Pavia_io/status/1463560375442591753 https://twitter.com/Pavia_io/status/1463547885539278849
101. World Mobile got some positive coverage in Tech Crunch! https://techcrunch.com/2021/11/23/world-mobile-group-bringing-zanzibaris-online-through-mobile-network-built-on-blockchain/
102. Looks like COTI’s Djed project has teamed up with SundaeSwap. https://twitter.com/COTInetwork/status/1463480313506668546
103. The minutes from the Fed’s November FOMC meeting have been published and indicate they are ready to taper asset purchases and raise rates to combat inflation. Some members felt even faster tapering than is currently planned is warranted. These are impactful revelations for crypto. https://www.cnbc.com/2021/11/24/federal-reserve-releases-minutes-from-its-november-meeting.html

~Army of Spies