hi this is Charles Hoskinson broadcasting live from warm sunny Colorado I just wanted to do a quick video for you guys to give you some updates it's about 9 o'clock at night but won't last too long plants are starting to grow pretty well you know pretty happy about that lights on during the night the daylight comes into the office I got mint and basil and thyme and all kinds of cool things I always recommend having a garden all right so where are we at we're chipping away at our sprints and we succeded going through the Oh PFT hard fork it was really a great moment for us because everything that went on without a hitch and nobody noticed anything just happened and of course scammers and their infinite creativity and capacity were run around trying to convince people to give their keywords over unfortunately a few people fell for it just remember I ohk will never ask you for your keywords he'll never release products where you have to do that and unless I directly tell you over video and blog posts and other things that why that's necessary and even then there'll be like six layers of communication so if you see a tweet you see something don't fall for it don't give your private keys away use common sense anyway the Oh PFT hard fork was was a really great moment for us and now we're just kind of working our way through the last-minute QA for the pirate reboot release which contains the wallet back this is the second major milestone on the road to the launch of Shelley because that's the new code upon which all of Shelley is being built and so once that's gotten to the consumer everything comes from one source of truth address tia the explorer the node the command-line tools everything is one code base and it's just simply a matter of iterating from that so in March that's coming out and hopefully in March we should be able to get the Shelley test that up and running or April it depends on how these Sprint's work and we're getting very close to getting a band for the release of the Shelley main so that band will be two months and basically it'll say this month to this month's and that's the range and either it's going to move sooner or later and the band will get narrower and narrower as we get through the month of March and by the end of the March that man should compressed down to a two to four week window and we should have a high degree of certainty and at that point we will we will announce the Shelly launch party originally we wanted to hold it in Kyoto and that's still the tentative plan but that does depend upon coronavirus and where where Japan's at worth Korea's adword China's at there's unfortunately more and more travel restrictions and a bit more difficulty for people to get around and we may be with covet 19 in the beginning of a global pandemic and it's hard to get reliable information and I've seen epidemiological models that will say half the world will have Corona and I've seen others that say it's going to completely fizzle out but unfortunately Asia is the epicenter and Japan being so close to China and having so much trade with China it has unfortunately gotten some infections and so it's starting to slow things down certainly slowed thing down in Singapore and Hong Kong and other jurisdictions but for the most part Japan's holding on there and we'll see in the next two to four weeks where Japan sits so so we'll make an announcement in March more likely than not if we're gonna stick with Kyoto or if we're gonna move to a different location for the launch that said I really think it would be awesome to do it symbolically it makes a lot of sense Japan was the origin of Cardona and it would be a great thank you to the people of Japan for their love kind caring and support and it'd be really unfortunate if something like coronavirus prevented us from doing that so so it might might do it regardless but I just would like it to be a well-attended event and it would be real shame if this Black Swan kind of cut down our attendance numbers and so we'll play it by ear anyway the Byram reboot released is very significant and we're still sizing up exactly everything that's going to be in it so we're finishing up the sprint for this month and then the next Brent will be the polishing and finishing sprint for the fire and reboot so with any luck mid-march as one will expect to see that although there are certain thresholds we have to cross and there's some QA burdens and then I want to make sure that we clear the audit remediation for the route IVs stuff because they did find a few issues that we need to fix for that release so it just depends on how things get into this print and if we complete everything within the sprint whether it gets done in s7 or SAS print seven or an eight and so we'll find out about that but that's the most significant milestone for the retail side the Oh PFT hard fork was our update and that was basically that card on a note without the wallet back and being released with opiate each mode turned on with the wallet backend integration is for the retail release and there we've exposed a command line there's all kinds of new things there's fast sync so you should be able to sync your blockchain very quickly and some of our internal benchmarks show under an hour fast wallet restoration a bunch of things that that supports that the current software does not support along with some new GUI elements and so forth and we may be able even get ledger support weaseled in there so we'll let you guys know there's gonna be now more structure behind how we communicate and we release information starting this week the product management team is going to probably on Friday do their first monthly update so how this is going to be structured is para who's the senior product manager over Cardno she's gonna give a broad general overview of when she came in what she's seen what where the product is sculpting at and then every section of the product whether it be the wallet back end the address via component the Explorer side the Plutus side etc etc each of those has a product manager associated with it and what they can do is give 5 to 10 minute update of where they're basically at how things are getting done how that velocity works and so forth and it would be really cool for Chris to also do an interactive demo of how we do spreads and how we estimate things and so forth and actually show you guys as friend so we'll have some conversations of the exact structure this is kind of the first time we're dealing it so we love your feedback and we'd like to get some polish but the point is to always make sure that we do with regularity you may notice that dimitra's for example does the instead of ice tests and updates every Friday and he provides those with great degree of regularity so to me it's very important that the product team on a monthly basis communicate with you we will also do a special event communication March 6 or 7th somewhere in around that timeframe that's when we're doing the PWC workshop so the CEO of am ergo the chairman of the Cardinal foundation and myself alongside a large group of people from our companies are descending upon London to work with PwC at a workshop and basically this is a complete commercial alignment for all three entities to make sure prior to the launch of Shelley and Gogan that we're all talking from the same book and we've unified our commercial view of how to deploy card on and how to sell card on oh this also includes fortune-500 alignment so because PwC has such a great portfolio of clients in that range they can allow us direct line of access to a lot of different fortune 500 firms to have conversations and basically pitch them card on oh and make sure that our content is in line with that because we have everybody together it's a great opportunity to create a lot of videos and content so no doubt we will do that and our video make your Dominic will be there and our marketing people will be there and so forth so look for a big content dump somewhere around that time frame or the following week depending upon the editing time it takes to get through up now right on the back of that I will be traveling to Africa I'll be in South Africa to meet with the president and I'll be also in Rwanda Uganda I may go to Tanzania because we're developing a telecom steel there and I'll also be in Ethiopia so a lot of presidents and kings and other interesting people to meet as I travel throughout Africa and we'll have some cool special announcements there we're also going to be working very closely with ice Addis and others about the community rollout and the Cardinal foundation will be going with me so Hinrich Tamara and other and their capacity as Cardinal foundation members will be there and we'll make sure that in their early term 2020 budget that they earmark quite a bit of money for community development and evangelism within pan-african view and we have some great partners who have been waiting for resources to execute that so it's very turnkey will also be probably meeting with the agricultural transformation agency and a few other programs and departments in Ethiopia and other places other that's discussed track and trace supply chain voucher programs and so forth so a little bit of business a little bit of politics a bit of optics the usual thing and so that's going to be a very fun tour if you happen to be in Africa do reach out to John O Connor and you may have a chance to meet me I've requested that we do at least one meetup group for each of the African countries that we visit and so I'll give a speech as will the Cardinal foundation similar to what we did with the Swedish event and basically we'll just talk about where the project does that and you're free to ask any questions you'd like comments concerns and complaints so that's going to be fun there's also going to be a few academic conferences upcoming but the most prominent of which is the zk proof standardization conference in April 4th to six in London so I will be there along with Eduardo and Vitali and Markov Kohl Weiss Thomas Kilmer and P Rose who are constitute the bulk of our zero knowledge team that we have at Iowa JH k and we've at that point will have finished the implementation of Sonic's is the fastest most advanced most unique and coolest new user updatable zero knowledge proof system it's a big advancement over a Pryor's systems we published the paper in December of 2018 and that team has been working on that implementation for over a year and it's really good to see it finally done and it's really good to actually go to the standardization conference where zero cash will be and all the other people who participate in that space and have a discussion about how we can make that a standard library for a lot of people to use and being a user updatable crs it brings a lot of new things to the table namely you don't have to do that walkie launch ceremony to launch a privacy coin from it that Z cash did so I will be there in in April and likely will stick around here up for a little bit make sure that we get a lot of things done in anticipation of the launch of Shelly so things are definitely moving along we still are on a weekly release cadence with Jormungandr German Gander 811 will probably come out on Wednesday every week we've been doing it release and it looks like we're getting into a cadence that the following Monday we do an update to Daedalus in the wallet back-end to connect to the latest version of Jormungandr along with some Daedalus specific updates for the inside eyes test that we're getting to the end of the rainbow with network stability improvements and enhancements so I fully expect probably the next two to four weeks we should see the vast majority of those stability issues completely resolved themselves and there's a few features that I'd like to push through that itn team were having some internal discussions of when to end the support life cycle for the ITN we may have it go all the way out to the end of March we may actually have the i-10 extended to April but likely right now our mindset is the end of March for the ITN team in which case that entire team will be moved to something else we have two projects in mind that both add a tremendous amount of value to Cardinal so we'll make an announcement at a later date probably towards the back end of March of when we're going to end the the support lifecycle for the ITN and when that what that team is going to be moving to now just because support will be coming 10 for the ITN doesn't mean the item will necessarily shut down it will run to the point where we do a balance check and the launch of Shelly is imminent it's just we will no longer be shipping updates for that network so ideally those will be well timed with each other but there might be a few week latency and it just completely depends upon the stability of the ITN and the user experience of the ITN and also have we gained all the lessons that we want to learn we certainly have learned an enormous amount a very short period of time about the stateful experience key metrics and we built a great corpus of state pole operators and we started a wonderful dialogue with those operators that is invaluable for the development of Shelly so we're we're quite happy to say that it was mission accomplished and the itn paid it well more than than what we expected that said it is a value piece of infrastructure and it really just creates a wonderful dialogue so we'd like to continue to improve it and continue to enhance the user experience but with all good things it does have to come to an end and that code is not the code that we're going to be launching Cardno with we're going to be doing that with the Haskell code so it's a significantly higher testing priority as we enter into the back end of March to verify that the Shelly Haskell code is working properly the other thing that we've done that was not in the original scope but was necessary for the success of Cardinal was to begin very in-depth conversations with exchange partners specifically about the libraries and tools and API is and other such things that would make it easier to list ADA and also to use an exchange as a staking as a service provider and we've even begun discussions about co-locating developers in certain cases with exchanges to build certain infrastructure out so nicknamed vac is the person who's leading that and probably in his weekly and his monthly update excuse me will mention this and talked a little bit about how those libraries are sculpting but the end goal is that when you download card on a node with address dia integrated it'll come batteries included for wallet manufacturers for exchanges and other people that want to use it to make it quite easy for for people to list us and create some standardization amongst all I which keep products and make it quite easy for people to have staking as a service or other such things I and we've also begun negotiation with three different vendors and we'll pick one of the three with the Cardinal foundation for Leger support as well to update the Leger firmware to support Shelly and there's a lot of things to do the Bek 32 address standard cold staking support multi-sig support and so forth that's a good two to three months scope of work and so it's nice to have multiple vendors bidding for that contract it makes sure that we get better cost controls and furthermore we can kind of make sure that through the vending tendering process we get exactly what we want and I would also love to see us on ledger live as well so that you have more options adjust the arroyo interface so we'll make an announcement when that deal is sealed and the estimated time horizon when that ledger support is going to happen we're still working out whether we can roll out back 32 support with the pirate reboot launched at March I have another meeting about that this week but it may happen in which case you'll see the address format change from the old legacy Daedalus style to the the new style so it may not happen we might have to wait for Shelley for that roll over but I would hope that that occurs because Bek 32 is a significantly better address format than the one we're using it's much more concise easier to read easier to work with and certainly would be great on ledger devices because it's a lot easier to read on that tiny screen so that's coming as well anyway things are just chugging away and moving along we we have an internal release band for the launch of Shelley but I will wait a little bit longer and I'm gonna wait for the product team to make that announcement formally perhaps they'll announce something on Friday will we'll leave that to a parlous discretion but every two weeks we seem to be satisfying most of what's happening in the sprint so what we plan what we do in the retrospective they're all looking pretty reasonable and the velocity is pretty reasonable and despite the fact that we had to increase the scope of Cardinal the for the Shelly launch quite a bit to accommodate all the lessons we learned from the ITN and requirements from our partners especially eight partners who want to list us we seem to be managing and tackling that quite well the other thing is that teams are working in parallel Goggan development is looking very good and actually voltaire development is starting to look pretty good too there's some interesting things there and we'll talk about that and we're having a lot of discussions about infrastructure on top of Gogan for example Oracle's identity multi-asset standards multi metadata standards and so forth so at the launch of Shelly we're gonna invite those product managers working on those overlays stubs to go and present talk we've also done a lot of commercial discussions for example we're not partnered with beef chain and a litany of other people and so at the launch of Gogan we'll have a lot of launch applications and we're quite happy about those relationships so we're we're just kind of chugging away so this is your your update from me I just got back from Washington DC so I'm a little tired and life is pretty hectic these days a lot of traveling a lot of work but we're getting it done and I'm really really looking forward to launch if Shelly and it's really just been fun working with you guys and really been fun to see what the communities come up with you know we said we were gonna go do some pretty crazy stuff and the science was pretty crazy the engineering was pretty crazy and we did it without compromise as an ecosystem we built it Haskell we built it with formal methods we wrote specs this was not easy work and we didn't do everything perfectly and there was a lot we didn't know entering into this process that had we known it we probably would have done things very differently for the sake of sanity and velocity but we stuck with it and you guys the community stuck with it and now that we see the light at the end of the tunnel and you know I see the Sprint's one after another get closed and basically the pile of work gets smaller and smaller for the launch of Shelly I really does make me excited because there's not that big of a delta between Shelly and gokhan and there's really not that big of a delta for what we're planning for basho and full terror so the work that we have to do ahead of us is much more understandable manageable and easier for us to tackle than the work that was behind us which was truly extraordinary is incredible as well it's nice that we're proactively finding very weird bugs and strange things using sophisticated testing techniques that you would only encounter every now and then long after the software had been launched I'll tweet some papers at some point on the use of TL A+ with Amazon and the crazy things they were able to discover along with some things that Microsoft discovered including you with the Xbox memory model model where they were able to detect really weird strange bugs long before production so there's certainly a huge value to the use of formal methods especially when you're building large-scale distributed systems are dealing with things with unbounded complexity but to be able to actually see it myself and see it with the products I build is really a testimony to how far these tools have gotten in the last 25 years it's also really cool to see that we've written two programming languages and we're getting to a point where those programming languages can actually be used and deployed and developers can play with them and tooling can be constructed for them and our conversations are now less theoretical and there are far more about basically interoperability and tooling and ie DES and these types of things and execution model units and so forth we call them X units so it's it's pretty cool to see that pivot the conversation where things are starting to get very applied it always makes us nervous because you know we've been building for so long you know and our nose has been to the grindstone for so long and that now that we're here we hope you guys like it we hope the decisions we made were good decisions but on the other hand if they are good decisions it really is cool to bring something completely creative new and refreshing to the table for everybody in the space to use and see so so thank you so much for your patience your love your support and it's gonna be fun and this year as I mentioned there's like an iceberg and the waters are receding and you're seeing that there's just been so much we've been doing for so long and the next two months in particular are gonna be a crazy wild rollercoaster ride with lots of stuff coming out lots of news from us the foundation of mirco and others and we're all kind of working in lockstep in parallel not everything is perfect the Macan marketing for example I was a bit underwhelmed with three with the pitch that they gave us so we have to go back to the drawing board and hopefully improve that a bit I'm also not so happy with the way that my company has been doing product marketing historically we solved proof of stake as a problem despite that we're not even mentioned in the previous take Wikipedia article so this means that we have to put much more fundamental attention in the product marketing and it's become a big priority and focus for me as a CEO especially in the coming months and I won't accept mediocrity yeah you know it's not fair to our scientists and engineers for them to have invested years of their lives in many cases the best years of their career or in some cases the twilight of the career mean this is their last major project they'll work on prior to retirement for that only to be met with substandard marketing we should dominate there too that's as much of a science as it is an art and it just means we have to get the right people so we will do that and we're definitely going to be a very aggressive about the USPS that we have or Boris is the best-in-class protocol extended you TXO is the best-in-class accounting model Plutus is a best-in-class language we have a self-healing beautiful Network stack that spent three years in development that's the culmination of over 30 years of knowledge in network theory and that's again a best-in-class thing we didn't copy anything from anybody we learn from the best and brightest we brought a completely new ideas to market and we paid the price to bring those ideas to market so it's incredibly important that people understand that these things are not only real they're not theoretical they're real but they've been built and they're here and they're ready to go and within a few short months that will go so quickly you will have them on your computer military-grade aerospace-grade space-age grade software built with some of the brightest minds in the world ready to go to build the world's next financial economy and so so it's super important that we aggressively market and it's super important that we really tell people what we've done and why that what we've done is so special so it's it's going to be a little tough to get as much as we need out as quickly as we can I'm also unhappy with the documentation I've asked a partner to make that a first-class citizen with the release Sprint's so that the launch of Shelley will have completely revamped and redone documentation for the product and I told her I will not accept substandard documentation anymore it's very important that it be as pristine as the code and as pristine as the science that we have so no one's going to sleep much over the next few months myself included except for on that couch there and we're going to continue work until 9 o'clock at night 10 o'clock at night we're going to continue working weekends until we get this damn thing out because we got a lot of ground to cover and we got a lot of catching up to do in many cases we got a lot of commercial stuff to do and that's even harder than the things we've already done but I know we can do it we have the team of people I'm proud of my company I'm proud of our employees and so far we've gone many miles together and there's many miles ahead so thank you so much for listening and thank you guys for as always being patient loyal a lot of cool stuff coming soon biron reboot next month we'll let you know about the first shellye test net on Haskell the ITN support will continue this month and next month at a bare minimum release dates for Shelly will probably come either in this product meeting or the next product meeting that will be a partes de s-- chrétien and it'll be released as a band and that band will either get sooner or later and that band will get narrower and will likely announce the official event when we announced the tight pant for the launch of Shelly and a lot of cool stuff coming and as always just keep chipping away out and keep keeping us honest and until next time thank you much good night
