IOHK | Charles Hoskinson - Cardano Update 2018-08-06

[vantuz-subhuman]

Link: https://youtu.be/qrZbJM4yr3Y

[hayamoto_jr]

• Cardano 1.3 with Daedalus 0.11
  • QA finished, expect release around August 8-9.
  • Update proposal push to network planned for tomorrow.
  • Lot of refactoring, efficiency improvements:
    • Memory utilization down ~90% (from 1.5-2.0 GB down to 150-200 MB).
    • Network improvements, ~300% improvement on the time it takes to download blocks.
    • Improvements on Connecting to Network issue.
• Cardano 1.4
  • Largest update for Cardano.
  • Refactoring makes the code higher quality and easier to test.
  • Release around October.
  • Blockchain data storage improvements, from 1,300,000 files on the hard disk down to 44,000.
  • Wallet backend specification fully implemented.
• Shelley (delegation, decentralization, PoS)
  • Incentive Scheme paper and Delegation Specification is finished.
  • Planning of the implementation has begun, time estimates and deadlines will become clear by end of August.
  • ~21 major work units, some can be done in parallel, some linearly.
  • ~1000 stakepools estimated.
• Project Prometheus
  • Alternative codebase written in Rust.
  • For lighter-weight experiences, such as embedded devices, smartphones, ATMs, Ledger, Finney.
  • August 15 announcement is a Google Chrome extension wallet with Prometheus at its core.
• Testnets
  • Byron testnet this week.
  • Shelley testnet over the next few months.
• Discussion with Vitalik Buterin
  • Reddit thread here.
  • Discussion about Ouroboros and Casper.
  • IOHK will write a formal rebuttal on their blog.
• Twitter
  • Charles leaves Twitter because of toxic community.
  • Video updates like this one will still be posted.

[ZCryt0Knight]

A thousand stake pools—are you hearing what I am hearing?

[RobJF]

Great summary m8!

[jonmoss]

Superb summary - thank you! @hayamoto_jr

[tom.kelly]

@hayamoto_jr we really appreciate you putting up summaries like this !