Published by the Cardano community team every two weeks, this Digest will provide you with news, updates and events about the project and ecosystem!
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IOG has launched a new toolkit for developing custom sidechains on the Cardano network. The toolkit, called “Sidechain toolkit,” aims to make it easier for developers to create and deploy their own sidechains on the Cardano network, allowing them to test and deploy new applications and use cases. This move is expected to increase the functionality and versatility of the Cardano network, as well as attract more developers to build on the platform.
Sidechains are separate blockchains that are attached to a main blockchain. They allow for the creation of new and separate ecosystems that can operate independently of the main blockchain, while still being connected to it. This enables the transfer of value and data between the sidechain and the main blockchain, and allows for the development of new and unique use cases.
The Sidechain toolkit is designed to be user-friendly and easy to use, making it accessible to developers of all skill levels. It includes a set of pre-built templates that can be customized to suit the needs of the developer, as well as a set of tools for deploying and managing the sidechain. Additionally, the toolkit includes a set of smart contracts that can be used to govern the sidechain, including the ability to set up and manage a sidechain’s own native token.
The launch of the Sidechain toolkit is expected to further increase the adoption and usage of the Cardano network, and provide developers with a powerful new tool for building and deploying decentralized applications. IOG has been working on the toolkit for months and is excited to finally be able to release it to the public.
To read the full article, please visit: IOG launches a toolkit for developing custom sidechains on Cardano - IOHK Blog
On the evening between January 21 & January 22 (between block 8300569 and 8300570), the Cardano network experienced a minor incident that temporarily affected a portion of the nodes causing them to disconnect and restart…
The incident was caused by a transient anomaly. Such transient issues (even if they were to affect all nodes) were considered in the design of the cardano-node and Ouroboros consensus mechanism. Thus proofingthe network behaved exactly as expected in this situation.
Block production was briefly affected when a part of the network temporarily lost synchronization, which can be seen on this link Block 8300569 - Cardanoscan. However, the impact was minimal, similar to normal delays that occur during operations and often seen at the end of an epoch. Most nodes were able to recover automatically depending on their SPO deployment.
IOG confirmed that investigations about the causes of the incident are still going on and once concluded will be shared with the community.
One year ago, the Cardano Catalyst Women group was formed with the goal of increasing the representation of women in the Cardano ecosystem through mentorship. The group aims to optimize the differences between men and women in collaboration ecosystems, in order to foster empathy, personal development, communication, confidence, leadership, and teamwork.
The group creates an inclusive space where everyone is heard and nurtures new ideas, builds trusted relationships, and provides pathways into Catalyst. In the last three months, the group has held online meetings called “Women in Blockchain” to bring together women from around the world interested in the topic, but with less or no knowledge about Cardano. The group is currently discussing ways to bring more awareness and share their trusted conversations with a broader audience.
To read the full forum post, please visit:
The DripDropz team has successfully open-sourced their on-chain voting system, in line with the announcement made last August to open source their Open-Sourced Voting Infrastructure. By open-sourcing their code, the team aims to achieve a high level of public auditability / formal Pear Review.
- Here is a Twitter summary from Frederik Gregaard reflecting on several highlights from the Cardano Foundation during Davos 2023. Source
- An interesting fireside chat with Charles Hoskinson and Marlon Ruiz who is the host of YouTube channel: Google TechTalks.
During this engaging and enlightening discussion, Marlon hunted through Charles’ perspectives on the blockchain and cryptocurrency realm, as well as his origins as a Bitcoin teacher. Source
- New upgrade to support ECDSA and Schnorr cryptographic signatures to make it easier for developers to build cross-chain apps. Source
Below are the most engaging topics on Reddit
- Cardano revs up first automotive project with e-TukTuk announcement in Davos
- Cardano Unveils First Automotive Project in Davos
- Good morning ADA Fam!! How do y’all feel about custom sidechains ?
- Cardano will have stablecoins without censorship
- The Cardano Foundation is attending the World Economic Forum in Davos next week and co-organizing the panel “Blockchain for Good” hosted by @HoBswiss.
- Djed is still on track for launching THIS month
- Making a Cardano game for my university diploma
- Cardano’s Djed Stablecoin Launch “on Track” for January By DailyCoin
- What a MASSIVE Accomplishment
- What does dcspark do and what is its involvement in cardano community?
- Djed, the Cardano stablecoin issued by Coti, is on track to launch soon! We reveal the details.
- Djed “simulator” webapp
- Cardano x ChatGPT exploration
- Daedalus 5.2 is available
- Immutable Art coming soon to Cardano. Immutableart.io
Topics that have received the most clicks from external sources. (last 10 Days)
Other meetups around the world:
17 December 2022 Meet in City Bell, Argentina. More info|
21 December 2022 Meetup: Let’s talk about Cardano:
-scientific peer review
-proof of participation to care for the environment
-Security More Info|
27 December 2022|Meetup: Discussing Cardano Proof of Stake
-What is Proof of Stake?
-What is Ouroboros?
-How to delegate your ADA to Cardano?
-How does Cardano solve scalability, security and decentralization? More info
Jan 14, 2023|Cardano Meetup in Ghana. More Info|
- 10 November 2022 Special: Ambassador Call - Cardano Summit 2022
- 17 November 2022 Monthly Ambassador Call
- 23 November 2022 Open Translator Call
- 30 November 2022 Open Content Creator Call
- 30 November 2022 Open Meetup Organizer Call
- 11 January 2023 Open Content Creator Call
- 12 January 2023 Open Moderator Call
- 19 January 2023 Monthly Ambassador Call
Are you interested in attending CIP editor meetings? Join the Discord channel to learn more about this interesting community where ideas and recommended changes are all discussed.
Project Catalyst by the Numbers
Time to Reflect
Project Catalyst is described as an “experiment” with aspirations to make big, impactful discoveries. If the experiment works, we will learn what we need to move into Cardano’s Voltaire era with the knowledge and ability to execute decentralized global governance in a way that might really change history. To that end, Project Catalyst touts many of the trappings of a good experiment: some constants, some variables, a global “lab” of eager scientists, and lots of repetition. What seems to be missing is arguably what lies at the heart of useful experimentation: clear analysis of the resulting data. There are various reasons for this which we won’t delve into now, except that the very nature of the experiment - decentralization - is at least partly to blame. All we can do for now is try to be part of the solution.
Here is a look at some data results from the first nine rounds of the experiment.
A good place to start a tour of Project Catalyst Data is to look at how the overall budget has grown over the first two years of the experiment. Fund 1 was run on “monopoly money” and pure excitement. Fund 2 opened up the treasury with $250K on the table. Then the pot doubled every round - six times in a row, reaching $16M in just six more rounds. This rapid growth was successful in stirring up lots of interest and excitement in the existing community and attracting new participants to Cardano.
As anyone who has been challenged by the “Grain of rice” fable knows, indefinite doubling is not actually sustainable. Project Catalyst turned this corner at Fund 9 when the budget stayed stable at $16M. At this point, we expect this budget stabilization to last for the next foreseeable rounds as we turn our attention to helping the experiment to mature in other dimensions.
So did the growing fund attract growing numbers of proposals? It sure did! Traction was slow through Fund 5, with Catalyst struggling to attract even a couple hundred proposals - even with $2M on the table. However, a couple months later it was a totally different story: Proposal numbers tripled in Fund 6. Healthy growth continued in the Funds that followed. We see a similar growth pattern when we look at the dollar values of proposals submitted across the funds so far, but in the most recent, Fund 9, there is a noticeable shift. The VALUE of all proposals made a 30% jump, from ~$50M to ~$75M, while the NUMBER of proposals submitted only increased by a small notch, from ~1050 to ~1100. This means that while the number of proposals stayed essentially stable, each proposal’s budget went up a lot on average. The factors driving this increase in budget size are likely numerous.
In some cases, returning proposers had learned from experience that they were lowballing themselves - proposing modest budgets to increase their chances of winning. This can work as a way to get a foot in the door, but with some experience under their belts, proposers see the need to actually budget for a sustainable wage. Hopefully, another reason for the bigger budgets is that the community is growing some big dreams! The capabilities of the Cardano network have grown significantly over two years; what’s more, tool builders are now able to build off each other’s work and ideas. Each innovation and open-source contribution inspires the next.
What about those downvotes?
One more thing that simply cannot be ignored in these overview graphs is the bright blue-green-red evolution in voting and funding. Green represents projects that were funded - by dollar value, by the number of projects, and by percent of the whole. Blue represents projects that were approved by voters but were over budget in their category and therefore did not get funded. Red represents projects that received more “No” votes than “Yes” votes (or, to be strictly accurate, less than 15% more Yeses than Nos) and were therefore “not approved” and were not eligible for funding. We can see that in the early rounds of Catalyst, the power of the “No” vote was used with some vigor. In rounds 4 and 5, half of the proposals were not approved; those who were there might attest that there were a lot of questionable proposals in the early rounds. However, in rounds 6-7-8, there was a steady shift in a different direction. Proposals in each round received more and more voter approval until, in Fund 8, roughly 80% of proposals were approved by voters - both in terms of the number and value of proposals. With approvals so high, getting funded was simply a matter of who got the MOST approval and fit into the budget. Funded proposals totaled 367, while 481 approved proposals were left out in the “over budget” club.
To read the full forum post, please visit:
The Developer Portal was created to foster a home for developers who are dedicated to building tools and services on Cardano. The platform allows developers to not only collaborate on projects but also to showcase their works.
The Developer Portal aspires to become a credible source where users can search for tools to fit their needs.
Community projects already running on mainnet are encouraged to add their projects to the Developer Portal.
- Raw Cardano Explorer: ChainPort is a next-gen hard-security blockchain bridge that lets you hop across EVM chains to Cardano at a click.
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