özkan Darren's ranch and Jia let up over the weekend and I had a lovely time going to Devil's Tower and playing with the pronghorn and all the other fun activities anyway I just realized that I'm gonna be travelling Canada Barbados in South Africa during the time overlapped with the 15th announcement and so I decided to give you guys the eye which case side of the announcement just a little bit early so my apologies to our partners but unfortunately it's going to be really difficult for me to do a video on the road especially if I'm in the air on the 15th flying around so as a consequence I'll just do it right now um also the markets are a little depressed right now and maybe it would be nice to you know calm everybody down and say hey we still have a future and thanks her ok anyway we've been here before so everything's fine ok so for the past few months IOH k's been working really hard on two projects one is called prometheus which we publicly announced and another project is a reference project so we never intended to launch a product but rather build something that we're going to give to our partners to launch and try to encourage the development of a third-party application ecosystem and that is called Icarus so what Icarus is is it's a Google Chrome extension it could easily be ported to other platforms like Mozilla Firefox and mobile applications but it's a full wallet running in Google Chrome so while it doesn't have a copy of the blockchain you can do everything you can do is Daedalus with Icarus so you can import a Daedalus wallet into Icarus recover your wallet their recovery only takes about 2 or 3 minutes last time we benchmarked it so it's considerably faster it doesn't require you to download the entire blockchain to be able to use it so it's much like a light wallet in that particular respect so people who are having connecting to network issues this is definitely going to help them out it's been fully security audited and partnership with Cadell ski and it's written as a hybrid of rust and JavaScript now we created this because what we wanted to have was a reference design for people who wanted to do mobile wallets and browser based wallets because we were a little worried about the security some people had come to us and they said hey we've constructed a light wallet and look how cool it is and we did a little audit in the design and we realized that that's not so good and that the the reality is that it's probably going to be insecure so what we wanted was to kind of build a reference design kind of like how Android has a reference design that Google constructs that it can then say this is what vanilla Android is so similarly icarus is kind of like the vanilla light wallet experience that we'd like our partners to use now mergo is one of our partners and they've decided to fork Icarus and create a new product called gyro and they're gonna be making an announcement August 15th about that and it should be launching as a test net sometime this month and then the hope is that they can launch it on the main net sometime in September so mobile clients are coming or getting ADA into the browser and I think it's really going to help a lot of people who are just for whatever reason can't get Daedalus to work this is going to be pretty good user experience it'll be a one-click install from the Chrome Web Store you'll be able to import your 12 keywords into Icarus or or your ROI you know it chris is the reference client and your roi is a fork of it and you'll be able to recover your wallet there and then our hope is that people can start building an ecosystem around this so that as EDA gets more capabilities like ledger support and multi-sig and these types of things that the mobile client will be able to keep lockstep with that this is kind of an iceberg of an announcement because the reality is this codebase is running parallel to the Cardinal codebase and we expect a lot of people to get really excited and start using this to build their experiences over the next six months to a year so intend with that we've also been hiring out for an open source software director and we are going to begin the process of opening up the car project for third-party contributions we've been getting a lot of people who want to do tackle issues and our current issue trackers you track and that's internal and we want to start pulling that in to get wherever possible and we're starting to have discussions with the foundation about a formal Cardinal Improvement proposal process so as the protocol stabilizes we're going to go ahead and allow people to write up CIPS and start some democracy about them so we can actually have community driven flow in our in our efforts so Prometheus and Icarus are kind of the first stepping stones in that direction and we're going to try to use them as a guinea pig for open source contributions and we've already gotten a lot of rust developers who are really excited about making potential contributions to the Prometheus codebase so after that is in its command-line interface version in September for Prometheus we're going to start opening it up and Icarus is a reference code base and we really look forward to browser developers to come in and take a look at what we've done and play around with it and have some fun with it for kit and potentially pull it in we've had some conversations with some already for example the Saturn guys that are interested in native support Jack's is also interested in ADA support and the way that we've constructed this library in the way we've constructed in vigorous as a reference client we think this will provide a great degree of clarity and a really good way of people just kind of drag and dropping into their code bases support for ADA over time we will keep updating and maintaining this code base so that when things like delegation come and other features and functionality come that it will be able to continue that support and our hope is merchants start getting ADA adoption and as we start seeing third-party applications materialize you know things like like an a to pay or these types of things kind of like a VIP a competitor it'd be really nice to bring that into the browser as well and to improve that experience so this is just the beginning of kind of a new direction on the mobile side and on the light side it's it's all open sors it's all under an MIT license and come mid-august you guys will be able to play with it you'll be able to fork the code you'll be able to make suggestions on where to go and we're really curious to hear about your product ideas and we're really curious to hear about the experiences that you guys want to bring into the ecosystem the other thing is this is a really consumer friendly experience so your ROI is basically one-click install you just go to the Chrome Web Store or you enter it in you click install and then you have it you just enter in your wallet that you already have where you create a new wallet and boom you can start spending a de you can start receiving a DES there's no syncing to the network if you're recovering a wallet that happens a matter of minutes not hours so for a lot of people who have been having trouble with Dedalus I think this is going to be something that really makes them very happy and we felt morally obligated to provide an alternative experience if for whatever reason we just can't get Delos to work looking at the thousands of logs we've gotten the indication is that usually people who are having trouble with Daedalus working either exist in areas where the network conditions are pretty sketchy and difficult or they exist in areas where their computers are pretty old so in this particular case living within the chrome ecosystem given how lightweight that is and given how standardized the way it communicates with Explorer we think that it's going to probably be a much better experience and much easier for people to use so anyway that's the announcement there it's kind of a big announcement because it's the first time that third parties are starting to really build Cardno wallets that are going to be maintained long arc and ecosystems are going to start being built around them and that's always dangerous because you go from a very centralized predictable level of control and predictable release cycles and a predictable roadmap to more decentralized ecosystem and when you go through that transition almost always there are some growing pains so we're trying something a little bit new and it's inspired by what Google did with Android when they realized that the Android ecosystem had grown too quickly and it had too vendors and there was too much fragmentation and there was really no notion of a stock Android experience and as a result the end user was suffering considerably so we wanted to be a little different and saying let's create Icarus as kind of a standard user experience as a standard reference client and that's meant to be forked and for people to reskin it and put their own user experiences on top but there's a kind of a consistency in terms of capabilities in terms of how the importing works in terms of how wallets are restored in terms of how key management is done and that code base has been security audited by a very qualified firm and it's written in rust and it compiles the way of assembly so this really I think will help bootstrap the mobile space and it's going to help scrap the clients and it's gonna help get 8a wallets into the hands of many many more people furthermore as we get smart contracts looking at what's been done with meta mask and that ecosystem it is pretty exciting to think about how we can extend this reference client so that we can start having an intelligent conversation about the development of our contracts an intelligent conversation about the deployment of them and interfacing with them in a browser like environment so there's already been a lot of innovation done in the etherium community and it would be nice to leverage that innovation and try to take it to the next level so that's kind of the announcement nothing super special but it is a major milestone in the development of Cardinal and it is an invitation to start listening to the community and learning from the community and working with the community and and it's also kind of a an opportunity for people who are using Icarus or your ROI to be able to interface with eight if for whatever reason they can't get Daedalus to work so anyway that's that's the announcement on the IOH case I'd come to 15th emerge Oh will of course have lots of information about what they're planning they're an ecosystem company they invest strategically so they've already invested in exchange called iron FX and they've invested in other ventures I and our hope is that not only can they take what we've built as a reference point but they can start tethering an ecosystem together it's not going to be too far off for people to be able to issue assets with Cardinal through the chimeric asset standard and when that happens it would be really nice for people to have a unified user experience where their ADA and the assets that live in Cardinal all live in the same wallet and they kind of have predictable accounting in a predictable security surface and so forth but then if an exchange can be LinkedIn or banking services can be LinkedIn or third-party services like for example shapeshift could be LinkedIn this would provide a lot of value for that and it allow people to do some things in a very easy way and provide a much more seamless way for people who launch tokens on the platform to get listed to get stable wallet access and to have a good user experience for the people who purchase their tokens and use their tokens so our hope is that a mergo can go in that direction and link their portfolio together with the code base that we've constructed but it's a neutral code base and we really look forward to seeing what the community can do with that also there's a lot of great interfaces for Ledger and for treasurer to interface with browser so it will be really exciting to see what we can get working over the next few months for Hardware wallets and this might be a better way to interface with Hardware wallets then perhaps Dedalus so look for that upcoming now anyway over time Cardno is going to also start as I mentioned turning into a larger open source project so coming into the end of this year into the beginning of next year we're going to start trying to make some more community oriented pushes so we're gonna try as a community to work really hard at building up meetup groups and try as a community to work really hard to starting conversations about the governance system of car data so after we get all these wallet improvements out the door and we're pretty much done with Shelley and decentralisation the next major priority is to kind of really start talking about well what is the treasury system going to look like how are we going to roll out that treasury system how are we going to start voting on card ah no improvement proposals and so forth another thing that excites me about our bass wallet is that it's probably going to be the easiest experience to onboard as many people as possible and it's also a place where we can very safely store digital credentials which are interface' Balazs your normal web experiences so one of the things we probably will do over time is try to merge a lot of our treasury and governance plans alongside the stack as well so look for that as well and it's really exciting for the beginning so anyway thank you guys so much for your time I'm sorry to hear about the markets they're always tough and hang in there it's it's never easy when they go down a lot you know they go up a lot too and that's just a nature of crypto and that's where we're at as an ecosystem and a few news cycles and once we get out of this bear run things will get better and people be happier it's always the long-term that you have to look at and there's some very strong fundamentals in the project and we're gonna be here for a very long time Barbados we've got a lot of cool things we're doing I'll be speaking at the futures conference up in Canada with Larry King and others and down at South Africa we're meeting with the government there and we're gonna continue our long are call Africa strategy so cardano's fundamentals are sound the team is sound we're doing quite well and we're really moving forward so thanks for your patience and your support and hang in there
