Cardano Rumor Rundown December 8, 2021

Hey Everyone!

Let's go...

Newly covered today:

1. Charles dropped a new AMA! https://youtu.be/Jex6wItSvzE
2. In macro news that could affect all of crypto including Cardano, it looks like Evergrande (one of the largest real estate developers in the world) has finally formally defaulted on its debt obligations. While Evergrand has been stumbling for a long time, this event could mark the beginning of a new phase in global economics. https://www.nytimes.com/2021/12/07/business/china-evergrande-kaisa-property.html https://www.cnbc.com/2021/12/07/evergrande-set-for-restructuring-with-no-word-on-first-formal-default.html
3. You can now use the Cardano ERC-20 Converter live on testnet with AGIX. https://twitter.com/InputOutputHK/status/1468308091217362947

Previously Covered but still interesting:

1. 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
2. ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
3. 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
4. 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
5. There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
6. Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
7. 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
8. 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
9. 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
10. 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/
11. 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/
12. 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
13. 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/
14. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
15. 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
16. 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
17. 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/
18. 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
19. 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
20. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
21. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
22. 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
23. Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
24. SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
25. 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
26. IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
27. 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
28. 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
29. Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
30. Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
31. We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
32. We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
33. World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
34. It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
35. 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
36. There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
37. 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/
38. A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
39. Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
40. 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
41. 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
42. 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
43. 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/
44. 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
45. IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
46. Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
47. 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
48. 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
49. Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
50. 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
51. Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
52. Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
53. The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
54. Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
55. We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
56. The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
57. 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/
58. Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
59. 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
60. 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
61. 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
62. Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
63. CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
64. Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
65. Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
66. 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
67. 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
68. Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
69. 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
70. The updated list of Cardano researchers now numbers 152. https://twitter.com/DIGI_StakePool/status/1462536768658542604
71. A new wallet has been announced. https://twitter.com/TyphonWallet/status/1462410333939658752
72. 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
73. Apparently, we have surpassed 20MM transactions on the Cardano network. https://twitter.com/CardanoTech/status/1462805643874680835
74. 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
75. Pavia has dropped some very cool images of their avatars (or at least “background characters”). https://twitter.com/Pavia_io/status/1461713781122232327
76. Remember, Cardano 360 is the last Thursday of every month. That means this Thursday, November 25th! https://twitter.com/InputOutputHK/status/1462793042587443206
77. 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
78. We got another Plutus Application Backend (PAB) release today (11.22)! https://github.com/input-output-hk/plutus-apps/releases/tag/v2021-11-22
79. CMC is now showing Cardano native assets! https://twitter.com/matiwinnetou/status/1462902025633554444
80. 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
81. Pavia has partnered with ReadyPlayerMe so that you can build your own avatar. https://twitter.com/Pavia_io/status/1463103151893106688
82. 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
83. The Pavia map is expanding on Wednesday, Nov. 24th at 1500 UTC with a second land sale. https://twitter.com/Pavia_io/status/1463153632484941834
84. Charles drops a video about the Caravan moving on despite any FUD (like eToro) that temporarily emerges. https://youtu.be/IjXkP_DGRgY
85. 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
86. 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/
87. Looks like COTI’s Djed project has teamed up with SundaeSwap. https://twitter.com/COTInetwork/status/1463480313506668546
88. 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
89. 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/
90. 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
91. Interesting discussion of the SundaeSwap ISO, the Scooper Model, and decentralization. https://youtu.be/94N8KXNs_as
92. 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/
93. The Cardano dApp ecosystem maps continue to grow to silly proportions. https://twitter.com/Coin98Analytics/status/1463782688502915075/photo/1
94. There is at least one “Cardano” baby. Is this the first or have there been others? https://twitter.com/Brunokarno1/status/1464762911746773002
95. The % of total ADA staked is still over 71% (11.29). https://twitter.com/matiwinnetou/status/1464921027922866188
96. The Cardano Community takes a moment to enjoy contemplating the circumstance that there will never need to be a “magical Cardano 2” in order for our blockchain to survive. https://twitter.com/IOHK_Charles/status/1465089315340488704
97. There are three new Cardano Improvement Proposals (CIPs) related to Plutus and the dev experience. https://twitter.com/_KtorZ_/status/1465345098619760643
98. Strong words from Philip Wadler on why Solidity is so terrible for smart contracts. https://twitter.com/cryptomaxpwr/status/1465223788144955393
99. Interesting point by Charles regarding Cardano having the expressiveness of Ethereum and the attack surface of Bitcoin. https://twitter.com/IOHK_Charles/status/1465369644408049668
100. It looks like there is another Cardano project that says it will attempt to increase connectivity in sub-Saharan Africa. https://3air.io/
101. Charles dropped a video with his thoughts on ISPO’s and regulatory issues. https://youtu.be/bCEYizNPptYADA Whale makes a very good point about Cardano inflation vs. almost all of it’s competitors. https://twitter.com/cardano_whale/status/1465673768047570954
102. Sundaeswap is planning to hit the testnet this weekend. https://twitter.com/InputOutputHK/status/1466110936369008640
103. We are approaching 1 million staked addresses! https://twitter.com/RichardMcCrackn/status/1465924981150208005
104. ADA Whale drops a Top 50 Cardano dApps list. https://twitter.com/cardano_whale/status/1465907181086130179
105. Yet another hack has occurred in Ethereum DeFi. This one is being listed at $31MM. https://twitter.com/Gr88nCardano/status/1466013936164216832
106. Cardano increased it’s blocksize and Plutus Script Memory yesterday (12.1.21)! https://twitter.com/InputOutputHK/status/1466086538207547393
107. Looks like more theft in ETH DeFi (“Robbery Forest”). Reports coming in that Badger DAO has lost $120MM. https://www.coindesk.com/business/2021/12/02/badger-dao-protocol-suffers-10m-exploit/
108. Liqwid has announced that they are integrating Chainlink price feeds. https://twitter.com/liqwidfinance/status/1466404699284938756
109. IOHK drops a new video with Pi Lanningham of SundaeSwap regarding the tools that SundaeSwap has open sourced as part of its approach to launch. https://twitter.com/InputOutputHK/status/1466480233004113926
110. Cardano has reached one million wallets staked. https://twitter.com/IOHK_Charles/status/1467351929047044096
111. Cardano still remains secure. Meanwhile a gigantic bug in Solana that could have been exploited for six months was reported. https://www.theblockcrypto.com/post/126318/solana-library-bug-could-have-seen-attackers-stealing-27-million-an-hour
112. Robbery Forest can’t seem to go a day without doing its thing. This time it was apparently $150 million. https://twitter.com/sheldonbitmart/status/14673162528552263
113. SundaeSwap went live on testnet with a faucet for free testnet ADA and various ice cream flavored free testnet tokens. All compatible with Nami. https://twitter.com/SundaeSwap/status/1467795614633185280
114. ADA Handles were a surprise integration into the SundaeSwap Testnet! https://twitter.com/adahandle/status/1467907015972323328
115. The testnet proved valuable quickly as some improvements were identified with the scooper and they were taken offline to make those changes. https://twitter.com/SundaeSwap/status/1467897465768665090
116. Here is a beautiful illustration of massive concurrency in action on Cardano’s testnet! https://twitter.com/ProfSmith9000/status/1467978254912946184/photo/1

~Army of Spies