tldr; IOG aims to create a network of sidechains that will improve the scalability, interoperability, and ease of programmability on the Cardano blockchain. IOG’s first sidechain will be the EVM sidechain, which will allow Solidity developers to build dApps on Cardano and Ethereum blockchains. The EVM will maintain compatibility with hard forks to remain interoperable. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
That didn't answer my question. Why let IOG have the multisig keys when the chain could just be hard forked and given to the community? That would make it so the HFC still exists but now protocol changes are done with community input.
They exist because its pragmatic, and the risk is extremely low. IOG increased parameters 5 times in the first 4 months of 2022 in the face of increased chain demand. If each of those was a fork it would have been much slower. Its all part of the approach to start with conservative parameters and dial them up as the network proves stability, rather than turbing it up to 11 on day one and hoping it doesnt break.
I'm aware it's open source. Why not fork the chain right now and take away the power from IOG? Many other chains don't have to worry about hard forking in order to remove power from a company since there's no multisig keys to begin with. If Cardano is to be truly decentralized, a company can't have access to the multisig keys. Either the community needs to have them or they shouldn't exist.
>If there is a hard fork to set the parameters so they are uneffected by the keys, then any future parameter changes also require a hard fork, just like on any other blockchain. Well has there been a hard fork to make parameters unaffected by the keys? Also, wouldn't the key owner need to make the keys obsolete? Other blockchains don't have multisig keys in the first place, so there is no need for there to be a hard fork to make parameters unaffected by keys. >This then requires agreement from a substantial proportion of node operators, just like on every other blockchain. Yes, validators have to agree to changes. The point is that only IOG has the power to update parameters.
>You would just invalidate future changes signed by the keys. Who would though, and how would that be possible? Also, if it is possible, then why have the multisig keys in the first place? Since there is no different forks being created, that means the multisig keys are still in the hands of one company. What does it matter if changes are invalidated if they could be added right back in? >For example in the Vasil HFC the d parameter will no longer be able to be changed through this key signing method, but the keys still exist. And what's to stop IOG from adding it back in with a future HFC? There is nothing stopping IOG from adding back in if they please.
>Yea that changed about 2 months ago LOL, so lets not pretend its not counted in TVL. Not sure what's so funny. What I said was true. Yes, not to long ago it was counted, but it changed because staking to secure the network shouldn't count as DeFi, locked or not. >Partly yes, but Ethereum transactions also commonly fail because the global state makes them impossible to execute. This is really bad and is a reason not to touch any global state chain. And what about other global state chains? I don't hear them having failed transactions if there are any. >The 3 entities actually gave their keys over to IOG, but what can be changed with these keys is pretty mild. Those keys have been used to increase block sizes. If they can change block sizes, they can set them to 0kb as well, of course meaning that the chain wouldn't process transactions. >For starters its public, secondly its not instant, and thirdly a fork can be made to simply disregard it. It being public and non-instant doesn't mean it can't be done. Forking the chain wouldn't work if the block size was set to 0kb; it would just make a new chain that does the exact same thing. >I dont consider this a point of effective centralization. It literally is though. A single company has the power to change the network. Other decentralized blockchains don't have this problem.
>Look on DeFiLlama. It's not counted unless you have the "Double count" toggle turned on. Yea that changed about 2 months ago LOL, so lets not pretend its not counted in TVL. >Also, it will be harder for transactions to fail if there is more scalability. Partly yes, but Ethereum transactions also commonly fail because the global state makes them impossible to execute. This is really bad and is a reason not to touch any global state chain. The 3 entities actually gave their keys over to IOG, but what can be changed with these keys is pretty mild. Lets say a bad actor at IOG somehow compromized 5 of 7 and made a protocol change. For starters its public, secondly its not instant, and thirdly a fork can be made to simply disregard it. Considering Cardano's superior HFC that means very simple and secure chain transitions. This issue does not keep me up at night and I dont consider this a point of effective centralization.
tldr; Cardano's development team deployed the final node version on the Vasil dev net alongside a new smart contract pre-production environment. If all goes well, the new node version -1.35.3 could usher in the mainnet Vasil upgrade. According to IOG, three critical indicators will be vital to determining when the update is triggered. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Head of communications of "Solana"? How can there be an official position inside a decentralized network? There is no CEO of Ethereum but of the Ethereum foundation. Same goes for Cardano, where there is IOG behind. But here it is called the head of communications at "Solana".. sounds weird, does it not?
I don't know where you got that metric but it's plain wrong. Eth ecosystem is enormous and growing all the time. Cardano is a drop in the bucket (for now). This is from a blockchain developer with more than 5 years of experience. Again, I'm a fan of cardano but dev activity is unfortunately very low(on dapp developer side, not IOG)
tldr; Cardano’s NFT market has grown rapidly since the “Mary” upgrade was applied to the Cardano mainnet on March 1. The upgrade introduced multi-asset support, which enabled the minting of NFTs. IOG CEO Charles Hoskinson said that 40% of all applications that are being deployed on Cardano are NFT-related. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yes, raising fees is one of the methods, there are other methods to keep up with stake rewards. dPoS vs PoS is not a clear cut talk ... we simply don't know how well each system will scale up. What I do know is that they keep coming up with brilliant ways to scale, like ZK rollups, that zero knowledge proof is insane good. Side chains/parachains take of from the main chain load , that's another way to scale up stable. When supply will run out for Cardano, i'll be well in profit to even think about that moment. Been voting since Fund2 and everything is going smoothly except for the part which we cannot control , or even IOG , if Binance can set up 100 SPO's and capture a good percentage of the supply for being delegated to them, that's not a trick it's simply the market situation. It will even out eventually.
> Why do you think other people are unable to understand functional programming and eUTXO, and that there is a conspiracy against Cardano? Why wouldn’t the answer to “why is Cardano hated” be simpler, as in your average joe just doesn’t like the Cardano ecosystem and/or its founder? It was not “first to market”, so a very large ecosystem has been built up around Ethereum while the word “Bitcoin” is generally synonymous with all cryptocurrency outside of the cryptocurrency community, which has allowed it to become “king”. Meanwhile, Cardano people come in and tout that it is better than both of those chains. It’s hard to have an objective conversation about where Cardano’s strength and weaknesses lie in comparison to these other two chains when there is such a large investment (conviction?) of people’s time and money in the other two. The truth, of course, is that Cardano is objectively stronger in some aspects of its technical development and weaker in others compared to both BTC and ETH. But until people start to chill on tribalism and VC money stops being pumped in to drive narratives for their own project over others, it will continue to be hard to build up the momentum necessary to overcome people’s own confirmation biases and beliefs to have honest discussions. People also tend to take a pretty simplistic view instead of digging down into the nuance and detail of a how one chain works versus another, for various reasons. > What do you make of Charles’ history, the fact that he let go from Ethereum because he wanted to have a for profit structure, the fact that he was a supporter of Ethereum Classic, and the fast that he is till disliked by his former colleagues, even though others in his boat (Gavin Wood) are respected? Three sides to every story, as they say. Was Charles as wild and crazy with his lies as they all said he was? There’s probably some truth to it. He was like barely even old enough to drink at the time. Everybody needs to go through a growth and maturity stage and every public presentation I’ve seen of Charles shows me that he’s matured by leaps and bounds since then. I find it to be a positive because a person with that type of ability, a silver tongue, properly harnessed, can affect SERIOUS change. Anybody who hasn’t watched [his testimony to congress](https://www.youtube.com/watch?v=QH2DssrrM4A) or his speech to the [Government Blockchain Association](https://youtu.be/oZw4vZwOk-M?t=29820) will see that he is not fucking around and that, generally, what’s good for blockchain as a whole is good for Cardano. That definitely definitely does NOT mean the downfall and fiery death of ETH or anything like that. So that’s the approach he takes and I’m on board with it. > What do you think of the current state of the Cardano network? Cardano’s claim to fame was realfi and changing people’s lives in Africa… Most of the apps running now are NFT pfps and semi-centralized DEXes. NFT marketplaces and DEXes are the easy stuff. RealFi and affecting change in Africa takes much more time, patience, work, etc. For example, DIDs will be an essential part of that infrastructure. IOG has its solution in Atala Prism but it is still early days for anything related to blockchain that doesn’t involve hedge fund pump and dumps to make gains and degen gamblers looking to get lucky. We are far from mainstream adoption but it is coming. The current state is fine, it’s just one state of the network on its journey to becoming a set of rails to act as a global financial operating system. Becoming an open source project is a huge step forward in that direction and Cardano is well on its way there. The Cardano Foundation just became a gold member of the Linux Foundation which means it will be getting a lot of eye balls and access as new entities start to think about getting into the blockchain space and start researching how they may want to implement blockchain based solutions. I could definitely go on about this but the gist is that I’m fine with the current state as these things take time and Cardano is making fairly swift progress, not in marketing deals, but in base layer adoption with technical crowds. > I have been following the crypto space for a while, and with Cardano, it seems every next step is shilled as the one that will definitely unleash the full powers and make Cardano run the world financial system, do you think Vasil will be the one? Vasil is just one step towards that. There’s no “the one”. But I do think it will be significant as it will reduce unnecessary data transfer on the chain so much that we will finally get the big lending dapps like Liqwid and “DeFi 2.0” type dapps like Maladex that have been building for so long, like….SOOO LONG. Liqwid has been around for like, I dunno…maybe like 3-4 years now and finally, FINALLY, ready for testnet after Vasil. So definitely big things ahead but becoming a world financial operating system doesn’t happen after one hardfork. It takes years of community building with dedicated, passionate folks who all share a common vision, a better, more fair future for ourselves and everybody we care about.
Call it biased if you will but IOG is authoring a “decentralization index” paper that will establish such definitions. Hopefully it will be peer reviewed to help remove any such biases. Very curious to read through after it’s published.
Cardano is still mostly being built by IOG, but this is what Project Catalyst was built for. It’s a decentralized voting system that allows treasury funds to be distributed to development teams who submit proposals. Haven’t seen anything like it elsewhere. You can read “Cardano: The Essential Guide” for a more detailed breakdown
Not entirely true. The network is 100% in the communities hands. For example tge community could not upgrade to a node or not accept a hardfork and IOG couldn‘t do anything to force it. There is an ongoing step by step approach to decentralise more and more parts of the network. The two things they still control is the treasury and espcially the capability to implement & trigger hardforks and adjust the network parameters. Both will be fully decentralised with voltaire (maybe next year, before 2025). Decentralisation is always a spectrum and there are many many factors to it. Cardano is very decentralised already. For example its still the largest PoS network with fully decentralised block production (even though I am sure ETH will overtake it once merged).
Im sorry to be the one to tell you this But IOG released an EVM sidechain They know that cardano cant walk the walk by itself So the brilliant solution is to run smart contracts using EVM but paying "low fees" But having low fees without an auction system brings problems. The EVM can get flooded of useless transactions
I think Cardano has a great roadmap to sustain itself for these reasons: 1. It has a hard cap like BTC so people won't be afraid of infinite inflation devaluing it. 2. It is already in the phase of ramping up it's TPS and efficiency to make the throughtput as high as possible without sacrificing the decentralization, to get the stream of fees to sustain itself after the BTC-like inflation rewards run out. 3. The operational costs for "miners" are a lot lower, since it's PoS, no huge hash mining farms required, so need to get really high rewards to pay for that. Enough rewards for simple operational costs of validating and networking is a lot lower bar to sustain. 4. The parameters like fees could eventually be voted on to tweak them for optimal performance and sustainability. Until then IOG is taking care of that, tweaking them for optimal values as demand needs. 5. Governance Treasury that funds further development so it can keep with the times, and not fall behind. Of course if the development halts and Cardano remains in its current state forever it wont make it, but that is not going to be the case, as its steadily implementing the roadmap, I believe it has a good shot at getting to that ultimate sustainable state when finished. And there is enough time until the inflation rewards run out to get to that sustainable state.
lol you clown you have no idea what you are talking about no one is forced to take the plutus pioneer course, it's free education for anyone who wants it you clown, if you want to write a plutus script you just write a plutus script anyone can fork cardano, it's completely open source, if a group felt they could do better they can fork it at any time, it's not going to happen though because the 300 plus engineers, researchers and scientists are some of the best in their fields, this isn't some basement project created by 5 talented coders - good luck getting a team with enough chops to get their head around it let alone improve it - it's not going to happen IOG emurgo and the foundation, they are 3 independent entities that control a non-majority of the keys to github, this will remain in place until development is finished in 2023 - after that ada holders directly determine not only future development but how much they are paid which comes from the treasury system
IOG and CH control the development of the software and masturbate, i mean, write peer reviews and shit. But i dont see the community firing the shots. Also, cardano documentation on github is terrible, they force you to take the plutus pioneer program to adoctrine you first. Sure, there is some code on github, but you call that open source development?
IOG, Emurgo are failing badly! It's a close bubble of researchers creating a bunch of theory's that in practice is not useful at all. And that is creating a lot of frustration. Is it inclusive? Emurgo offers a very expensive course to learn the most basics to build smart contracts in Cardano! Also, it takes 6 months to get the ability to not do much. It's ridiculous!
Obligatory Cardano plug: https://atalaprism.io/ . Not sure a university can get in on this by themselves, maybe need the government to interact with IOG. INB4 people linking a mad Ethiopian who wants Microsoft to come in and provide an identity solution: no.
IOG provides one of the worse Dev experiences on smart contract development; Solana does a better job. They shouldn't collaborate but learn! Regardless of the Nintendo status, their Hackathons are kick ass, Cardano Devs stand no chance!
You're being overdramatic. Collabs in crypto is good, even if its with projects you don't agree with. Besides, if Algorand wanted nothing to do with Cardano then I doubt the foundation would've hired John Woods (from IOG) to be the CTO.
tldr; Charles Hoskinson, the CEO of Input Output Global (IOG), who created Cardano (ADA), has discussed the possibility of collaborating with Solana (SOL). Hoskinson compared the Solana network to an old Nintendo console that needs repairs, referencing the Nintendo repair business his brother ran in the past. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Okay you just ignored me pointing out that you've made the same remark before (Cardano being slow, which is true but why are you joking only now? Were you joking previously as well?) >I guess this kills Milkomeda now as well? If by "this" you're referring to IOG's sidechain, then not necessarily. I don't believe in "killer" projects, but this may make Milkomeda C1 obsolete, which I honestly don't mind because dcSpark also plans to get rollups on Cardano, though that will take a while due to the lack of DA. Milkomeda has also released a rollup on Algorand, so they're definitely not being "killed" in any way shape or form.
I knew you were beeing dishonest, IOG took control since they are the biggest developers for Cardano. Nothing changed since Cardano roadmap was very clear about this, the idea of the project is to only beeing 100% in charge of the community when governance becomes ready. Wish other projects had the same transparency, i am invested in this project because the leadership and clear goals will be fundamental in long term. If you disagree this project is nota for you.
A few misconceptions here, the only people who call it an eth killer are eth maxies and idiots. Even Charles has stated many times it is not an eth killer. EVM compatibility has been on the table for a very long time. Cross chain compatibility is literally one of the core goals of the chain and if you follow IOG you’d see they are constantly talking about it.
No, John Woods was Director of Cardano Architecture at IOG for the period when Duncan Coots, the Principal Technical Architect, was on paternity leave. The CTO at IOG is Romain Pellerin. He hasn't ever worked for Cardano Foundation, which is a completely different entity from IOG.
For those who didn't read the article (not you u/arcalus I mean it in the most general sense): > John Alan Woods worked briefly to replace Duncan Coutts, IOG’s lead technical architect, who took paternity leave but has now returned to his role. TL;DR: John Woods is a great guy, but he's not leaving b/c of any dissatisfaction or dispute with Cardano; he's leaving b/c he was filling a temp position and the original guy is back now.
The staking system is the only one that is done so far. So your expectations will not be met here for sure. There is a lot going on in the research and development at IOG if you care to watch an informational video of Aggelos Kiayias, the chief scientist of IOG: https://youtu.be/xKv94MwSNBw Something special for Cardano might be Catalyst funding, still centralized but during the upcoming development decentralization is planned for this part as well. The treasury is full and waiting for developers to ask for funding and finally get funded to develop on Cardano.
Interoperability to Ethereum already exists with Milkomeda C1 sidechain and SingularityNET bridge (both of which have had no problems). This is just IOG's own sidechain they're building for Cardano. Others in the community, like Seba from DCSpark, disagrees with this sidechain. I personally don't care either way as I'd just use Ethereum (really Polygon, but close enough). If they can pull something with it then that's great, but if not, then its not a big deal. As for security, I'm not sure. We'll just have to see when it comes. You'd just have to compare the security approaches Mamba will take compared to the others.
>Why does Cardano with it’s “superior” UTXO and Haskell need an EVM sidechain?' It doesn't. This is for interoperability with Ethereum, which has always been a goal for Cardano and should be for every chain. >A sidechain with less security than BSC, Polygon and obviously Ethereum? Can you show any proof of this? I would like to read it. >Why not just use layer 2 on Ethereum and it will be cheaper, more secure, more tools, deeper liquidity pools, bigger ecosystem, hop protocol, network effect and cheaper? Yes, you could. Those who are interested in Cardano would like to see what it could bring it to the table, and the same goes for Ethereum. I like both, so I'm interested in the development in both ecosystems. >It’s an admission that Cardano has failed. Do you think anyone is building a Cardano compatible sidechain? Failed with what? IOG releases a sidechain for interoperability and that's a failure? Please explain the reasoning behind that. As for anyone building a Cardano compatible sidechain, you're right, but I don't really hear anyone building a sidechain for many other blockchains besides Ethereum. Nonetheless, if Cardano is for interoperability, then it makes sense it is built off of Cardano.
tldr; Input-Output Global’s (IOG) Principal Technical Architect for Cardano Duncan Coutts shared his views on the state of the Cardano blockchain and its upcoming upgrades. Coutts highlighted the innovations happening on the network and what the upcoming Vasil Hard Fork has in store. IOG is working on a new version for Ouroboros Leios which will innovate the block production mechanism. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The EVM sidechain built by Input Output Global, Inc (IOG) will be the first sidechain to be released on Cardano. It will replace Ethereum’s proof-of-work consensus algorithm with Ouroboros Byzantine Fault Tolerance (OBFT) consensus protocol. IOG plans to create a ‘family’ of sidechains that will bring greater scalability, interoperability, and programmability to Cardano projects. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I was referring to who created blocks. It used to be solely IOG, and then they slowly transitioned to SPOs. The d parameter, which made it difficult for SPOs to create blocks, decreased from 1 to 0 between 2020 and 2021. It is even being removed in Vasil. [https://docs.google.com/spreadsheets/d/1xny1W7HhHANLNeQcnbr8El5rakJ80VIM7fgDwJ-uqys/edit#gid=0](https://docs.google.com/spreadsheets/d/1xny1W7HhHANLNeQcnbr8El5rakJ80VIM7fgDwJ-uqys/edit#gid=0) Of course IOG could re-add it I suppose, but nonetheless it is a step towards decentralization.
Yeah, centralization carries risks, but I personally don't mind projects starting centralized and then becoming decentralized over time. Sure the multi-sig keys carry a risk (even if some are given to CF and Emurgo), but also Cardano went from being by IOG nodes to SPOs, so there is improvement in one aspect of decentralization.
It’s only relevant because if you read between the lines on his comments that the CF structure and Zug legal system make governance under a DAO model difficult, it’s questionable what the role of the CF will even be moving forward. They were intended to be the governance checks and balances against IOG who are profit seeking developers. Charles is playing the long game, but that seems to have been finally flipped. If you remember the fiasco with Ethereum Classic and the treasury control proposal that eventually got him kicked out - this is exactly the same playbook. Trying to find a long-term sustainable income source for IOHK. Like you said, details are scarce, so it’s speculation only - but centralisation risks are real.
Even if CH handed back to the CF and Emurgo, that's still 3 entities that control governance, which isn't decentralized. It's like going from an autocracy to an oligarchy: sure the power is split, but power is still limited to a small group. True decentralization will come *if* *all* multi-sig keys are handed to the community, which I believe will be done in Voltaire if everything goes well. I'm not sure either why they were handed over. My guess is has to do with something about IOG being the core devs of Cardano, so maybe it'll be easy to upgrade Cardano that way, but my guess is as good as anyone's.
I told you before that some of us in the community already know this. An SPO made a video on it: [https://www.youtube.com/watch?v=JkkPhFgzSJI](https://www.youtube.com/watch?v=JkkPhFgzSJI) No one is complaining though. Yes there is a level of trust. Not saying its okay, but it is what it is. If IOG still has the keys after Voltaire, then that's a problem.
tldr; Cardano (ADA) has completed a hard fork of its testnet in preparation for the planned Vasil upgrade. The new development offers increased scalability and enhanced network performance. IOG now encourages developers, exchanges, and stake pool operators to deploy their projects on the testnet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Ignoring what I'm saying again I see, as well as being a hypocritical liar. I'll keep that in mind whenever I see you criticize IOG and Charles for being dishonest. And I already saw that post, and if you're referring to what Tempox said, then I'd take it with a grain of salt since they did not (like you) provide a source for their claim. It is, however, already known that dApp devs will have to rewrite their scripts in Plutus V2 in order to use the new features. Seba even made a video on it: https://www.youtube.com/watch?v=Tsp9F23dBiM&t=50s
>That is true even for Plutus devs Yes, Plutus scripts are for the most part the same as smart contracts, so they can have bugs as well (e.g. Minswap). My point it since tokens don't need Plutus scripts, they don't have vulnerabilities unless Cardano has vulnerabilities. I'll say it again: **It is not huge deal, just a niche feature**. You're making this a bigger deal than it is. >Thanks to cardano, you now believe SC are bad and its better native-everything Ok, you are just a liar. I NEVER said any of this. Don't criticize IOG for dishonesty and then be dishonest yourself (speaking of which, you ***STILL*** have not given me a source saying reference inputs + inline data attaches data to inputs). If you're just gonna be a hypocrite then let me know and I'll stop replying. If I thought SCs were bad, then I'd also have to think DeFi is bad as well since there is for the most part no way to do DeFi w/o. Native everything won't work for anything besides tokens, and I never said otherwise.
My only concern is with transaction volumes down across all of crypto (apparently people can even afford to make transactions on Ethereum now!), that there wont be a need for IOG to increase parameters, and Vasil will be another FUDders paradise.
Stop calling me a "love lace". I'm just a guy who's interested in Cardano and cryto in general. I don't subscribe to pointless community labels. As to why IOG promotes Cardano in such a way, again, you're asking the wrong person, though I'd prefer them to be more realists than hypeman-optimists. And no, I won't say "we have NFTs and custom native tokens" so you're assuming I'm gonna say something w/o evidence, like how you still haven't gave a source to your claim that reference scripts w/ inline data will attach data to inputs. I WILL say that I do like the innovation of having tokens and NFTs native to Cardano instead of through smart contracts (which can have exploits). However, that's only a piece of the puzzle. Cardano still needs to expand in DeFi, scalability, decentralization, etc. Besides, I'm not into NFTs, and I only like tokens that have utility. As for if Cardano is future proof: no one knows shit about fuck. Cardano, just like any other blockchain and even crypto as a whole could fail. This is why I diversify as best as I can and keep realistic expectations. If Cardano fails, so be it. If crypto fails, so be it.
Youre a different kind of love lace, youre not fully blind, and thats good. After our long talk we both agree not a single chain is perfect But we both agree that IOG and his founder/CEO are dishonest and pathological liars. Why promoting a product as bleeding edge, the new frontier, when its not even finished and has a lot of fundamental flaws. You will say, we have NFTs and custom native tokens. Yes, but blockchain will eventually grow further than just NFTs Is cardano future proof?
Even then, that *still* doesn't mean he speaks for the *community*; it means that IOG is in control of the upgrades for Cardano. Some of us in the community already know about this, and an SPO even made a video about how to Cardano could be killed because of IOG owning the keys: https://youtu.be/JkkPhFgzSJI I'm not talking about development, I'm talking about how a founder(s) doesn't speak for the community surrounding the blockchain they created, whether it be CH with Cardano, VB with Ethereum, CZ with BNB Chain, you name it.
Well you added the /s after I already replied. Nonetheless, CH only speaks for himself (and you could argue IOG as well), not Cardano. He can do and say whatever junk he wants to: point is, his words and actions do not apply to Cardano or its community, even if he is the main spokesperson and CEO of Cardano's main development entity.
It was a joke, but he’s CEO of IOG which is basically the Block.One of Cardano. He’s the guy in all the photos, shaking hands with all the politicians. Also he still runs the whole network - he’s got all seven keys of the multi-sig now?
Asking the wrong person here. I didn't make that blog post, so I can't answer that. Maybe the way IOG defines scaling is different (for some reason), or there is some stuff they haven't ironed out yet. Nonetheless, the Vasil upgrade will help scale Cardano (as well as block size increases that pipelining helps with), but imo after that, only Input Endorsers will matter. *Maybe* Hydra can pull something off that's more than simple txs, but for the time being, it is what it is. Also, Orbis and Milkomeda is looking into rollups on Cardano, but that could take a *while*. I think it is dishonest of them if there has been some changes to what the plan is but not tell the community. I said this in my post's replies. There should be more transparency between devs and the community.
Ok fine, ignoring the IOG blog. Nonetheless, you *still* have not given any source to your claim that reference inputs attach data to inputs. They in actuality allow for the *reading* of data from inputs without spending them. Ironically, the post you linked even says this, which I pointed and you ignored.
Not sure what's funny and why you're avoiding what I'm saying, but yes, some of those aren't really scaling solutions. The only relevant ones are Block size increases (which will store more txs), Pipelining (which helps increase block size), IEs (separating consensus blocks from tx blocks), Memory/CPU parameters for Plutus (increases the number of Plutus that can be ran per block), and Plutus script enhancements (reduces tx size that contain Plutus scripts). As for the ones that are irrelevant: I'm not sure how much On-disk storage will affect throughput, which is why that is excluded. Sidechains have been an interoperability solution so far - not a scaling solution. If there was a way to send txs to be processed in a sidechain and then sent to mainchain, then there would be some scaling, but that's not being done. Hydra (Heads) will only help scale simple txs (txs containing ADA and/or tokens). It can run Plutus scripts, but not any of the ones dApps use. Off-chain computing would theoretically help scale Cardano, but there is no plan for it AFAIK, similar to On-disk storage. Mithril won't scale Cardano, but it will be needed to for Input Endorsers. If you'd like, I even made a post on r/cardano about whether or not some of these will even come this year. You can read it here: [https://np.reddit.com/r/cardano/comments/vdupjl/input\_endorsers\_wont\_be\_coming\_this\_year/](https://np.reddit.com/r/cardano/comments/vdupjl/input_endorsers_wont_be_coming_this_year/) I belive IOG could and should be a lot more transparent about the solutions they proposed in the article, as I said in my post I linked.
>Because a single smart contract takes a lot of space inside a block. >Are you telling me IOG didnt know about this? They let the blockchain get overloaded when smart contracts launched because they wanted to see how it would handle heavy load. This is what scientists do. They test edge cases. You're clearly a troll.
Well since then IOG have released released a video explaining Input Endorsers and how they'll work. The last edit to that post was 29 days ago, which was before IOG's video. [https://www.youtube.com/watch?v=xKv94MwSNBw](https://www.youtube.com/watch?v=xKv94MwSNBw) Seba said recently that Input Endorses won't be coming this year though, as it will now require Mithril. I haven't seen him say anything else bad about IEs, though.
Dear lovelave, right from the source! https://github.com/input-output-hk/cardano-node/issues/3247 Take for example this github post from 2021 After Alonzo launch and inminent disaster. TBH, it seems that IOG and devs already knew about all this details......but still released Alonzo. Just read with an open mind and you will start to see the fundamental flaws cardano has
Well, please tell me how Plutus came to v2? Because a single smart contract takes a lot of space inside a block. Are you telling me IOG didnt know about this? They didnt measure twice before cutting? Or maybe there is a peer reviewed elephant in the room?
Less people shitting on Cardano now because less people are shitty that Cardano was doing so well in the bull run. Now that everything sucks, there are less haters, love to see it. Overall, this is great news, everyday Cardano devs, IOG, and it’s users are pushing the community forward!
Even the Orbis team itself is perplexed as to why IOG isn't focused on building a data availability layer. IOG should have pivoted a year ago and still aren't. And the Orbis team is stuck building their own for their validium, not rollup, as their founder admits.
*IOG* is pursuing scalability via sidechains, not *Cardano*. IOG always mention sidechains as a "scaling soluion" when it has so far been more of a interoperability solution. The only scaling solutions they have been developing is Plutus V2, Pipelining, and IEs (which may not come this year). Hydra Heads will only help with simple txs, but they also view it as a stepping stone, so maybe they could more stuff w/ Hydra down the road. But so far, only the aforementioned 3 are relevant so far. No other devs in the Cardano community has been wanting for more sidechains for scalability; only IOG has. DCSpark and Orbis (who're unaffiliated with IOG for the most part) have been pushing developing rollups for a while, and I think that's the way to go. Hopefully they ask for funding next Catalyst round, but nonetheless, don't think that just because IOG *specifically* doesn't want to go for rollups doesn't mean the community doesn't want to as well; don't misconstrue the two.
In fact they encountered 20 bugs, 7 of which were still outstanding when they decided to delay, all of which are now resolved and node 1.35.0 is in the wild. All before the 29th June, if IOG were less careful they could fork mainchain tomorrow. The community just asked for more time to test, so thats what IOG are doing.
> the IOG core team working on Vasil encountered what they describe as seven ‘non-severe’ bugs that need to be fixed before the update proposal is sent to the testnet. Very bearish on Cardano since if you are correct the IOG core team does not know what they’re talking about
tldr; Cardano's much-anticipated Vasil hard fork has been postponed while engineers work to fix several bugs. The upgrade is designed to deliver upgrades to network capacity and Cardano’s smart contract programming language Plutus, which enables Cardano decentralised application (dApp) development. IOG and the Cardano Foundation have agreed a new target date to hard fork the testnet at the end of June. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Cardano’s much anticipated Vasil hard fork – due to be implemented tomorrow – has been postponed while engineers work to fix several bugs. Branded as one of the defining moments of 2022 by Cardano’s mastermind – Input Output Global chief Charles Hoskinson – the Vasil hard fork is designed to deliver a slew of upgrades to network capacity and Cardano’s smart contract programming language Plutus, which enables Cardano decentralised application (dApp) development. However, the IOG core team working on Vasil – named after the late Bulgarian mathematician Vasil Dabov, encountered what they describe as seven ‘non-severe’ bugs that need to be fixed before the update proposal is sent to the testnet. Boffins working on the upgrade said they were 95 per cent of the way to completion of Vasil before making the decision to postpone.
>but to go beyond this block size has to increase. Correct, and pipelining paves a way to increase block sizes further without compromising security. Block sizes don't need to go to 8MB and I believe that was never part of the plan. The point is there is still room to increase block sizes, not to 8MB but definitely more than it is now. Even then, block size increases aren't the only plan to scale Cardano. >So to be an SPO each server needs 10s of terabytes of SSDs (conventional disks lack the required IOPS) which is expensive, very expensive, fatally expensive. Yes, but there is no plan to increase block sizes by that much. This is all under the assumption that Cardano *must* do 100dps from block size *alone*, which again, isn't the only scaling solution for Cardano. In fact, no one in the Cardano community has ever even talked about block sizes going that high because everyone knows that's a bad idea. BSV tried that with BTC and it didn't work. > And hydra doesn’t work for smart contracts and roll ups were discarded as an idea by Charles and even if they start now there are no rollups on UTXO to copy. Hydra was never intended to handle smart contracts. It is just Cardano's version of LN, and as such is only gonna be useful for sending ADA and/or tokens alone. Even if it doesn't scale Plutus scripts, it does scale simple transactions. As for rollups, just because IOG doesn't plan on it doesn't mean the Cardano community as a whole agrees. Orbis and Milkomeda C2 are both rollup solutions planned for Cardano and are completely independent of IOG. Also, there doesn't need to be a rollup to copy. That's the whole point of developing new tech for a blockchain. >Do you see? The only thing I see is that Cardano is still in development as with every blockchain. Just because it's not the best right now doesn't mean it will always be that way. Blockchains are constantly evolving and new tech is being deployed all the time. Cardano inability to scale is nothing new to decentralized and secure blockchains, like Bitcoin and Ethereum.
What you said came completely out of nowhere and doesn't make any sense. The point of testing is to *make sure* there are no problems with Vasil. There are 7 bugs IOG still has to iron out, but none of them were critical. It less about there being problems and more about giving testers more time to adapt to the changes Vasil will make. Also, Vasil will scale Cardano. Plutus V2 reduces tx sizes which means more txs can fit in blocks. Pipelining also paves a way for blocksize increases, which can still be done without problems. If you have evidence saying otherwise or how "SPOs are screwed", then please share it.
You don’t need to trust him, for the most part. That’s why peer review exists. I say “for the most part” because not everything IOG does is peer reviewed. Bit wrt the core protocol, peer review is what allows me to have higher trust, even though I’m not a domain expert.
tldr; Cardano’s development team, Input-Output Global (IOG), has confirmed that the final node needed for the Vasil hard fork launch, node 1.35.0, has been successfully released. According to the team, nodes are ready, and the next step is to prepare for the launch of the hard fork on the Cardano testnet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>I think you need to learn what the word centralized means, cos it aint what you seem to think it means. > >>Cardano has only 1 client controlled absolutely by a central authority. Centralised. > >Yes it has 1 core client, thats not a problem per-se. DARPA actually noted how vulnerable Ethereum is by having multiple clients, all of which will have flaws. Its easier to bug-hunt one client than four, and Cardano is in Haskell, so that improves debugging too. While IOG develop the core client, Just lol
>You can stake with only 0.01 Eth in a pool. All Cardano staking is in pools. No, you can setup a pool yourself with at least 502 ADA, its totally decentralized. You will wait a long time if you dont have lots of ADA but thats fully optional. >Less than 1000 Cardano stake pools have ever validated a block. Centralised. I think you need to learn what the word centralized means, cos it aint what you seem to think it means. >Cardano has only 1 client controlled absolutely by a central authority. Centralised. Yes it has 1 core client, thats not a problem per-se. DARPA actually noted how vulnerable Ethereum is by having multiple clients, all of which will have flaws. Its easier to bug-hunt one client than four, and cardano is in Haskell, so that improves debugging too. While IOG develop the core client, its fully open source, which is why the Linux Foundation just made cardano a gold member of their open source project. Again you need to lean what centralization means. >Cardano can’t scale. This will really sink in when Vasil eventually goes live and the central authority still has to bloat the blocksize to stop congestion of the 4 dapps that actually work. Ahh gotta love the FUD attempt. We all know Vasil will take time to have full effect. But if we are FUDing lets not forget how Ethereum is over 5 years late with PoS. And that PoS implementation wont hold a candle to Cardano's superior solution. Even Vitalik has now realized Ethereum PoS will be just as centralized as Ethereum PoW, what a cluster.
Sebastien guillemot said that inout endorsers were not schedule to be released this year..... but IOG suddenly posted about 11 ways of scaling cardano this year. So, because of the Alonzo failure, CH and IOG felt the need to lie in order to calm down the community? Yup, thats what it seems
The delay came after IOG had meeting with dapp developers during consensus 2022. The Vasil offchain testnet had been going with about 30 dapp developers, so the hardfork could have went through as no major bugs were found. However, it would have given an unfair advantage to the testnet developers involved compared to the other 970 devs. The 4 weeks testnet hardfork will level the plain field so all dapp developers can test their projects on the testnet and be ready for the mai net hardfork.
tldr; The IOG team has said it will delay sending the Vasil hard fork update because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. This puts the team behind schedule on its previously communicated target date of June 29 for a Cardano mainnet hard fork. The final decision to hard fork the Cardano Testnet will be made in consultation with the SPO and DApp development community. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'm a Cardano boi, and I've had no problems with IOG so far. Sure, they're a bit slow with development, but they do a lot in terms of security and decentralization that you just can't match on any other blockchain without the right technical fundamentals.
Cardano has PoS, but you don't need a large validator node to be part of the network; you can do it on a *t2.micro* on AWS (which is roughly $20-40/mo.) and get the cost down even further depending on your cloud hosting provider. Besides, that's to *run a stake pool*; you can hold your own Cardano wallet and validate transactions on the network in the browser itself once Vasil rolls out (in about a month). The gist is that Cardano is as decentralized as Bitcoin in that everyone can read the code and anyone can run a node; in fact, your $600 Raspberry Pi might even be a bit *overpowered*! However, the two big differences are (1) Functional and decentralized PoS, and; (2) dApps built on smart contracts. You can learn more about Cardano from the below sources: * YT interview with Charles re. what Cardano is at a basic level: [https://www.youtube.com/watch?v=9glPzSBaXI8](https://www.youtube.com/watch?v=9glPzSBaXI8) * YT interview with Aggelos Kiaiyas (chief researcher at IOG, which is in-charge of development of the main-chain for now) about how consensus works: [https://www.youtube.com/watch?v=nB6eDbnkAk8](https://www.youtube.com/watch?v=nB6eDbnkAk8) * Latest news from CoinBureau: [https://www.youtube.com/watch?v=CGerogBiRpk](https://www.youtube.com/watch?v=CGerogBiRpk) In addition, you should follow YT channels like: * Big Pey: [https://www.youtube.com/c/bigpey](https://www.youtube.com/c/bigpey) * Crypto Capital Venture: [https://www.youtube.com/c/CryptoCapitalVenture](https://www.youtube.com/c/CryptoCapitalVenture) * Army of Spies: [https://www.youtube.com/c/ArmyofSpies](https://www.youtube.com/c/ArmyofSpies) * Learn Cardano Podcast: [https://www.youtube.com/c/LearnCardano](https://www.youtube.com/c/LearnCardano) Hopefully, the above is enough to get you started! Feel free to DM if you have any questions; I always respond if it's related to Cardano!
\> OP is just a few downvotes... away from joining the Ergo cult I'm OP and I approve this message. \> I'm also not a dev nor qualified to speak to the technical side, but I try to understand; I've read all the comments and OP's history, and I know disingenuous FUD when I see it. I will say this about Cardano: The release-cycle gets pretty annoying sometimes... Right now, at work, I just finished dealing with a bug that was blocking the auditing efforts by a third-party Haskell consultancy; took two weeks to resolve, and it ended up being on IOG's side (it's small enough that we got away without reporting it, though.) This tedious and painfully slow process is the price we pay for having secure software, at the end of the day, so we still have to do it... The point is, I'm not saying Cardano is perfect; I deal with problems relating to its immaturity/instability and lack of proper docs every day. However, I do believe that, out of all other cryptocurrencies, Cardano has the potential to become something bigger if the game theory works out (which was *peer-reviewed*, as the meme goes, after all). Thanks for your efforts towards Cardano. I hope my message isn't being misunderstood, b/c I don't want to shill it and FUD everything else, but I do believe that it's miles ahead of everything else in the market.
Hopefully the conversation goes well, for everyone's sake. Despite your feelings towards Hoskinson personally, it may be best to have someone who's arguably well spoken on crypto and close to one of the main authors of the current regulatory bill in the U.S. (Sen. Lummis is one of the State of Wyoming's Senators, which is where IOG is headquartered and Hoskinson lives and has met multiple times) speak in favor for the industry as a whole and help educate those who may be in charge of regulating most of cyrpto in the United States under the CFTC.
> It's not the same. Care to share why? > And Cardano hasn't reached that point of stress organically. It was organic. There were multiple dapps planning to go live. IOG figured it would stress the system. They held back updates to see what would happen. They told people this and they still freaked out.