Welcome to the Cardano Community Digest!
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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Focal points of the week
Cardano Summit 2022: Day 1 & Day 2 recap
This year’s Summit in Lausanne, Switzerland, was the largest Cardano event ever held, and we are delighted to look back on the tremendous accomplishments and Community-led activities that occurred during the Summit.
To give you an impression, there were over 10,000 attendees, 80 speakers, and about 50 Global Community-led events happening on the same weekend. We’ve seen lots of high-quality content, huge community participation, and countless more interactions than ever before.
On the Cardano Forum, we have put together a summary of the Cardano Summit 2022 key events for you to read. Please feel free to leave your comments.
Why Ouroboros Leios is one of Cardano’s most promising updates ?
The goal of Ouroboros Leios – a new Ouroboros variation – is to dramatically increase throughput on the Cardano blockchain while maintaining or improving security. To date, variations of the Ouroboros algorithm have been limited in both data throughput and CPU processing throughput.
The nature of the data dependencies and communication dependencies within the distributed algorithm limits their ability to expand network capacity or CPU performance. Tiered transaction fees and corresponding levels of service priority are included in the new design, making it possible to process transactions more quickly. In addition, smart contracts that do not need to be executed can be processed more quickly by removing the requirement for synchronisation.
Read full Paper : Ouroboros Leios: design goals and concepts
A good summary by Ktorz in a Twitter thread.
Rewatch main stage events, from the Cardano Summit 2022
Now that the Cardano Summit 2022 is over, many of us have had time to reflect on the wonderful time we have had connecting with each other, building relationships, and enjoying all sorts of events and presentations. But sometimes, a lot of information gets lost in between events, and by the time you get to the next event, you forgot what was said at the first one. For this reason, the Cardano Foundation has made every effort to provide you with a vast majority of all mainstage events. Via our Summit 2022 website you can rewatch all events and share as you wish. The Cardano Foundation will also soon upload all sessions to it’s YouTube channel.
Other Cardano related News
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Frederik Gregaard joined Cardano Ambassador Peter Bui on his Learn Cardano Podcast in which the two talked about the role of the Cardano Foundation, Fred’s role in the Foundation, the importance of open source, Project Catalyst, Member based organizations (MBOs) and the road ahead for the Cardano Foundation. source
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Riz Pabani, Partnership Manager at the Cardano Foundation, gave a keynote presentationon Day 1 of the Crypto AM Summit Awards in London. Riz addressed the Summit on the topic of blockchain for enterprise, and spoke about how the business community is adopting and adapting blockchain solutions. Source
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Alexandre Maaza, Cardano Foundation Outreach Development Officer, was part of a panel discussion organized by INATBA for Digital Blockchain Week entitled “Blockchain and the Agenda 2030 - Leaving No One Behind”. Source.
Cardano Reddit Top 15 Most Engaged Topics
Below are the most engaging topics on Reddit
- Cardano Summit 2022 Lausanne
- Siiiiiiiiiiiick
- Cardano Summit afterparty
- Cardano Is Launching New Privacy Blockchain and Token
- 2023 will be the year of Cardano
- Cardano Fiat backed StableCoin to be released early 2023
- According to their official a Twitter, Ardana has pulled the plug.
- Coinbase Japan listed ADA and doing a joint livestream with dcSpark to celebrate
- DJED, The New Stablecoin From Cardano
- Why do people on r/cc blindly hate on Cardano? And what can we do about it?
- Cardano (ADA) prepares to release new blockchain and token
- Cardano Summit 2022 - how funny is that
- Cardano will have a USD-backed stablecoin
- Project Midnight
- Cardano (ADA) Launches Algorithmic Stablecoin Early in 2023
Cardano Forum Top 10 Top Referred Topics
Topics that have received the most clicks from external sources. (last 10 Days)
Topic Clicks
Cardano Blockchain insights
Utility token
A digital token that holds certain functionality in regard to a concrete project or environment. These tokens can be used as payment units, rewards, or grant access to a specific network.
Recently held Meetups
Other meetups around the world:
| * 28-29 September 2022 | Token 2049 After Party: Cardano Pool Party in Singapore! More info |
|---|---|
| * 29 September 2022 | LATAM Community September Recap. More info |
| * 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 |
| * 18-19 November 2022 | IO ScotFest: the age of Voltaire More info |
| * 19-21 November 2022 | Cardano Summit 2022. More info |
Recently held Ambassador Calls
- 12 October 2022 Open Translator Call
- 12 October 2022 Open Moderator Call
- 19 October 2022 Open Content Creator Call
- 19 October 2022 Open Meetup Organizer Call
- 19 October 2022 Monthly Ambassador Call
- 20 October 2022 Monthly Ambassador Call
- 2 November 2022 Open Moderator Call
- 9 November 2022 Open Meetup Organizer Call
- 9 November 2022 Open Content Creator Call
- 10 November 2022 Special: Ambassador Call - Cardano Summit 2022
- 17 November 2022 Monthly Ambassador Call
Bi-weekly CIP editor Meeting on Discord
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.
Cardano Wiki
The 9 Crypto Redflags
Crypto is the wild west and people are drawn to it, be it in a bull or bear market, because of the large gains they have seen or heard others achieve over short periods of time. But hidden amongst the legitimate projects vying to climb to the top of their particular industry are many similar looking projects whose eyes are only aimed at the back door, where they’ll make a quick exit into obscurity with your hard earned money.
Whilst these scam projects may look incredibly similar to their legitimate counterparts there are, in fact, some telling signs that we can use to to spot a scammer in crypto. These are called crypto red flags and below we run through each of the red flags a crypto project can raise.
Each of these red flags can be caused by one of many reasons, listed below, and scam projects will, typically, tick multiple reasons in the list for a red flag. The more red flags a project raises, the more you should be wary of it.
Crypto Red Flags
Team
The Team Red Flag can be raised by:
- Anonymous team
- Pseudo-anonymous or seemingly fake social media accounts being the only “proof” of a team’s existence or legitimacy
- Team members’ social media accounts that are much older than the size of their following or level of activity shows
- The use of just a single image of individual team members across multiple social channels, websites, and even in announcements
Roadmap
The Roadmap Red Flag can be raised by:
- Non-existent roadmap (where the project’s future is based purely on the uptake of the token and the growth of the community)
- Too promising a roadmap, offering grand achievements in a short amount of time
- Too sparse a roadmap with not enough details or milestones
- Not updating the roadmap when deadlines are hit or, more importantly, missed
Content and Documentation
The Content and Documentation Red Flag can be raised by:
- Lack of a whitepaper or any in-depth documentation
- Not showing that they have the knowledge of how to create the solution to the problem they have stated
- Grammatical, spelling, and punctuation errors that are consistent with a lack of review and lack of care for the final product
- Consistent use of buzzwords, including: investment related terminology, trending social or political topics, trending topics or utility in the crypto space, and “moon boy” talk
- False claims of the level of uniqueness or pioneering nature of the project
- Repeated mentioning of the level of success that will be achieved
- Plagiarized content, be it their website layout, images or content, or the content of blog pieces, their white paper, or documentation
Social Media
The Social Media Red Flag can be raised by:
- High channel following with a comparatively low level of interaction with their posts
- Short time of existence but unreasonably high following
- Social Media accounts that are much older than expected for the age of the established project
- Lots of bot posts i.e. notably similar posts (typically pumping the community/price) in Telegram, on Twitter posts, or in Discord
Community
The Community Red Flag can be raised by:
- Team members never being available for the community to talk to directly
- Community Managers running Telegram and Discord channels, thereby acting as a 3rd party buffer for community questions directed at the team
- Banning or blocking people who ask questions or raise legitimate concerns
- Dismissing any concerns about the project as FUD rather than by providing answers and/or refuting these concerns
News & Media
The News Media Red Flag can be raised by:
- Media sources quoted or listed on the website are sponsored posts or press releases
- Articles and content about the project from media and news platforms are mainly focused on providing information about token sales or speculation on token price
- The project using their presence on ecosystem lists - e.g. Essential Cardano, the Cardano Cube, Built on Cardano - to legitimize themselves
- The only interviews with the team being text-based AMAs, especially if they’re done with investment focused groups or profiles
- Not linking the logos for news & media mentions to the content
Partners
The Partners Red Flag can be raised by:
Stated partnerships that can be proven to be false by contacting the partner in question
Mentioning or listing ‘Cardano’ as a “Partner”
Listing of multiple Cardano wallets as “Partners”
Investment, Capital, or Venture firm partners with no online presence or a shady online presence
The partners’ logos on the website do not link out to said partner
Development
The Development Red Flag can be raised by:
- Not having any confirmable developers on the team
- Outsourced development of the protocol
- Not having an MVP at the launch of their fund-raising token/NFT sale or ISPO
- No development updates
- Inconsistent and/or not evidenced development updates
- Consistently missing deadlines
- Release of a token staking program, and promoting it as a big thing
- Releasing a bug ridden token staking program who’s fixing then absorbs all the dev’s time
Tokenomics
The Tokenomics Red Flag can be raised by:
- Short or no vesting periods for the team and/or advisors and early investors
- A large amount of tokens being allotted to the team (and if applicable advisors)
- A large amount of tokens being allotted to early investors or private seed rounds at a highly discounted price
- Scheduled token burning or other activity designed to pump or support the token price
- First launching on chains other than Cardano
- Incorrect math on tokenomics pages and in graphs displaying token distribution
How Many Red Flags is Too Many?
The contents of this page is not investment advice and even legitimate projects may raise a red flag or two. There is no magic number as to how many of these red flags constitute the likelihood of a project being malicious, but a good rule of thumb is that the more red flags a project raises the greater the likelihood that it is a scam.
This list of crypto red flags is designed to show you where potential scam projects will often be lacking, and to allow you to better inform yourself the next time you review a crypto project. Built on Cardano
Spotlight for Community-built Tools
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.
- TapTools All-in-one platform that offers free token distribution, comprehensive charts, NFT generation, and mint facilitation.
Network insights
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