Published by the Cardano community team every two weeks, this Digest will provide you with news, updates and events about the project and ecosystem!
As our industry continues to grow, and more and more newcomers join, we sometimes need to rethink, recycle, or update our safety best practices. This is why from time to time, it’s good to remind each other of best practices when it comes to remaining safe online. Here is a good starting point…
This week, we have seen quite a few influential community members take a stand against tribalism. While the community at large understands the importance of building an interoperable industry, there’s always a small, but loud, group that continues to attack other projects. This behavior is not limited to members of one project; it is an industry-wide problem. Luckily more and more people are starting to speak out against it.
Book Token recently conducted a speed test on Cardano test net (Vasil). In this video, the company demonstrated the speeds at which a purchase can be made using the Nami wallet as an example. Usually, transactions take 20 seconds to complete, but in this demonstration, it took less than 10 seconds. Here is the Reddit post with some fascinating comments you might enjoy browsing.
This week, we have once again two new Ambassador Stories. This time the stories of Benjamin Marco Arnau and Metinee Boonrattanaamorn. Benjamin has joined the Ambassador ranks as a Content Creator, and Metinee as a Translator. Their stories not only give insight into how they contribute to the further advancement of our ecosystem, but also give you a small look into their personal lives. We hope you enjoy reading their stories.
Over the past few months, Coti has released many updates on Djed’s development, but none gave insight into Djed’s fee structure. In this new post, the company provides a high-level overview of the different types of fees associated with the new protocol: Minting Fees, Burning Fees, and Operational Fees.
Now for the first time, the community gets a basic understanding of how this is structured. We will continue to follow the development and update you as more information becomes available.
We have read a lot over the past weeks about the Vasil hard fork, but what is it, why is it so important, and what can we expect from this new & innovative network upgrade?
Something that’s really worth mentioning is that the Cardano Foundation Twitter account has recently welcomed its 850k followers. This is a huge milestone! As we continue on the path toward becoming the world’s leading social and financial operating system, we would like to thank you (our Community) for your commitment and dedication to the Cardano project. We look forward to continuing to build alongside you. Source Tweet
The Cardano community is not only known for its passion, zeal, and dedication to the Cardano project but they are also known to be creative builders.
One community-built tool that is currently gaining lots of popularity is eutxo.org. It’s a unique blockchain visualizer showing all UTxOs that are included in the last produced block. It’s the first time ever that someone has created a visual to see what all is included in a block - including the asset logos. If you haven’t seen the tool, then be sure to pay them a visit. It’s worth it! We believe this tool will pave the road for other new and innovative solutions.
During the recent Cadano360 IOG’s development team talked a bit about the progress towards the Vasil upgrade - such as the critical final stage of testing on the testnet and the preparation process for exchanges & SPOs.
We also hear from the Cardano Foundation’s integration support team and a number of projects building on Cardano.
7 million merchants now can accept ada using ADA Pay
Coti has recently announced that over 7 million merchants now can accept ada using ADA Pay’s new Plug-in. This is not only wonderful news for ada holders but also for aspiring entities looking to integrate payment solutions using ada. It’s once again a notable step toward becoming the world’s leading social and financial operating system. Medium
Once again the community team has successfully conducted an extensive evaluation for the new CF delegation round. For this round, there were 201 applications. We valuated them manually and checked all the information they provided. We found builder tools, open-source projects, closed-source projects, many pull requests, some CIP, educational content, whole communities around projects, and many other contributions and support to the growth of the Cardano Community. For more information, and to see which pools were selected for this round’s delegation, view here the full forum post…
Here is an overview of several Reddit posts associated with the above word cloud. The posts are ranked by the actual impressions
Below are the most engaging topics on Reddit
- Which new Cardano project are you looking forward to most over the next few months? Post
- Offering 1,000 ada to whoever can make the best openlittermap / Littercoin TikTok Post
- Daedalus Mainnet has become almost useless Post
- Reminder! Here’s Charles’ 2020 opinion on ETH2, considering the latest “merge” news Post
- Don’t keep your Crypto in Centralized companies: Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms - MarketWatch Post
- 10,888 accounts (44.649M stake) is delegated to retired pools. Post
Topics that have received the most clicks from external sources. (last 10 Days)
- Cardano Community Digest - 11 July 2022 927
- Announcing the stake pools chosen for July 2022 868
- Cardano Community Digest - 28 June 2022 853
- Relentless Slide vs. BTC 762
- Cardano Community Digest - 30 May 2022 688
- Cardano Community Digest - 13 June 2022 661
- Vasil is coming: update proposal to hard fork the Cardano Testnet submitted 591
- I forgot my spending password 559
- Cardano Stay Safe Series: Official Community Channel List 529
- Lets have a discussion about the Governance (BFT) keys 508
Below is an overview of the top 4 Twitter posts.
- There is a new twitter account called Cardano Heroes tracking the movement of whales from multi-pool stake pool operators to single pool operators.
- CEO of Cardano Foundation, Frederik Gregaard, at the University of Zurich for a blockchain meetup
More members from the Cardano Foundation, including community members also present at the UZH Blockchain Center meetup
- It looks like the MuesliSwap Hungry Cows mint was phenomenally successful.
- IOHK examined Shawn Mcmurdo’s Curve Pledge Benefit & Dr. Liesenfelt’s CIP 50 alternative reward schemes. They conclude that “none of them appears to perform as well as the deployed reward scheme of Cardano in terms of the resulting equilibria”. Tweet
- Emurgo’s Q&A on Fund 9 Project Catalyst
Every ada holder has a stake in the network that they can delegate to a pool from their wallet. The process is safe because no ada leaves the user’s wallet.
On Cardano, stake pool operators earn rewards for running the nodes that support the network and produce blocks. Staking means committing funds to a pool to support these activities. Cardano has non-custodial staking, meaning that there are no locking periods, and ada owners can spend their staked funds at any time.
Recently the Cardano Community in Vienna (capital of Austria) held its very first meetup. To support the organizers, and encourage further participation, Nicolas Cerny (Community Manager) also joined the event. For more information about the meetup, view the Forum post here.
According to Nicolas: “Even though only a small number of people came together for the first Cardano meetup in Vienna, it was nevertheless a huge success. Exciting conversations were held, accompanied by delicious pizza. Cardano fans with various backgrounds were present (Stake Pool Operators, Proposal Assessors, etc.). It was inspiring meeting like-minded individuals with a common interest in Cardano.”
Other meetups around the world:
04 June 2022 The compelling story of Mercy A. Fordwoo from Wada
8 June 2022 Cardano Community @ Consensus
9-12 June 2022 Consensus 2022
16 June 2022 Alexandre Maaza from the Cardano Foundation and the
Cardashift team recently provided a presentation Viva Technology in Paris. Viva Technology is one of Europe’s biggest tech and startup events. During the presentation, the teams dived into the challenging subject of: ‘blockchain for real-world use cases that will bring positive global change.’ YouTube source
18 June 2022 The London Cardano Social
19 June 2022 Cardano NFT NYC Kickoff Party Brought to you by Genius Yield!
20 June 2022 Breathtaking story of creating Konma.community with Advitha Ashok
29 June 2022 Decentralized Finance - DeFi on Cardano and other Layer 1 Blockchains. This MeetUp will be hosted on YouTube. For more information, please visit Meetup.com
29 June 2022 Cardano Blockchain - DC/MD/VA (Now Virtual!). Meetup.com
05 July 2022 Cardano Catalyst Women: How can we address social & environmental issues thanks to blockchain?
16 July 2022 Cardano Seattle Meetup. Meetup.com
Here are two pictures from the Seattle meetup. For more pictures and a short description, see Cardano Forum
20 July 2022 Brisbane Cardano Meetup. Meetup.com
22 July 2022 Cardano South Florida Meetup. Meetup.com
8-9 October 2022|CNFT Con in Las Vegas. More info
14-15 October 2022|Rare Bloom event at the Gaylord Rockies, Colorado. More info
- 15 June 2022 Open Content Creator Call
- 16 June 2022 Monthly Ambassador Call June
- 29 June 2022 Open Moderator Call
- 30 June 2022 Ambassador Intro Call
- 06 July 2022 Open Meetup Organizer Call
- 06 July 2022 Open Content Creator Call
- 21 July 2022 Ambassador Call July
- 27 July 2022 Open Content Creator Call
- 27 July 2022 Open Meetup Organizer Call
How the delegation process works
The process of delegating ADA coins to a pool is a basic functionality of each Cardano wallet. The graphical interface may vary, but the basic principles are still the same. It is important to know that it is not necessary to send ADA coins somewhere during delegation. The coins stay in your wallet for the entire staking period and you can spend them at any time. The coins are not locked. Cardano protocol does not use slashing, so you can never lose coins.
The Cardano wallet can create a staking key that is used to create a delegation certificate. The delegation certificate associates your staking key with a stake pool to which you decided to delegate your ADA coins. You can think of it as a kind of registration. The delegation certificate is submitted to the blockchain as part of a transaction so the usual fee applies.
You can delegate to another pool at any time. The purpose of decentralization is to monitor the performance of pools and change the delegation if there is a reason to do so. In the long run, it is beneficial for the network to have only reliable and honest entities in the ecosystem. Upon re-delegation, the delegation certificate is re-sent to the blockchain. Source