hi everyone this is charles hoskinson broadcasting live from warm sunny colorado using the backup computer today office is starting to take form a lot to do a lot to think about so how y'all doing you doing good i wanted to make a mid february uh video we're getting close to the 15th and talk a little bit about birds avian stuff um a lot of stuff is coming a lot of announcements are coming uh and uh really cool advancements for cardano there's a hfc event towards the end of the month uh basically we have the mary hard fork and that hard fork commodore event is going to bring native multi asset now we've done an enormous amount of research and we have discovered a really cool protocol where we think we're going to be able sooner than we thought to bring the ability to pay transaction fees in a native asset to cardano so agulos our chief scientist is going to attend the cardinal 360 update at the end of the month and he's going to talk specifically about that protocol and give a sense of how it works who profits how these things are we've been in the weeds very very deep in the weeds about the gogan go to market strategy silvio has been working very closely with a strategic partner of ours runtime verification and it keeps growing and growing and growing and we keep bringing more and more partners in and we keep making more and more progress and it's really incredible to see what's coming together so we are going to do a gogan focused uh cardano 360 in march and we're going to talk a lot about all the stuff we're doing for gogen the plutus test net is coming immediately after the hfc event for mary uh and uh basically that's going to be the foundation of alonso the the q2 hfc that brings pollutus to the network so march is going to be all about gogan we're going to announce some partners that we have we're going to announce a lot of these cool things that are coming up for it and also how we're planning on testing things we're going to run a lot of experiments i'm very interested to see if we can take something like a uni-swap and re-implemented in plutus we are working with some real token partners the publicly announced one is singularitynet uh alex mashinsky's kind of nodding a little bit about some things so i'll leave him to talk about what he's doing with us and there's uh litany of other little things we're looking at we're also going to be announcing over the next 60 to 90 days a series of infrastructure partners for off chain infrastructure and new wallet support and there's also a big liquidity announcement that's coming but i can't say anything about that it was promised to me this month we'll see what happens uh so there's lots of stuff that's uh that's going to be announced there in that context we're also bringing on two dedicated development firms and their job is to just do nothing but write lots of plutus code to beat the hell out of the alonzo testnet and verify that everything that's been in the lab and all the simulations that team has been using all right there's a huge strategy for yella a huge strategy for the kevm that runtime verification is going to do we're going to roll out that in the alpha frontier program in march as well and tom lemon is the is the big guy at rv who's been doing this he comes from consensus and before that he worked at microsoft brilliant guy uh he lives in japan so we'll have to have him probably do a late night uh or early morning uh presentation but he's going to roll out this whole concept of alpha frontier and what we're doing with k is a specification language so that's going to be very exciting and i think you guys are going to be really happy about it now people ask a lot about what is a developer strategy and the term i like to use is acidic a c i d d i c and basically that stands for one part the acid part is all about the developer okay and so that's about how do you acquire them how do you collaborate with them what incentives do they have and how do they actually deploy that software then on the other side the dic that's okay our it's kind of an app store concept of when you deploy it okay what if what platforms are you deploying to is it a browser a cell phone desktop and then you also have how do you interact with the application from a consumer side and then finally how do you curate the applications uh we're right now working on an app store for cryptocurrencies and we're very keen and excited um for for dapps i should say we're very keen and excited to see how far we can go we've had an internal project for over three years looking at different ways of doing it and we think we're starting to converge on a really cool strategy and actually i think this is something that will benefit tremendously from decentralization so instead of a centralized offering a decentralized offering and also a good way to introduce the concept of certified software to the end user certified software is where you have a formal specification and you prove that the application is correct and follows that specification so we're not quite ready to roll that out and talk about that but we're going to get much closer to these concepts uh in march and beyond and we're working hand in glove very closely with runtime verification on the certification side and the specification side to the alpha frontier program now the other thing is we're going shopping there's a very good possibility we can make a university announcement in the next 60 to 90 days about setting up a dedicated center for software engineering for smart contracts i got this idea talking to people at carnegie mellon university and carnegie mellon basically has something called the software engineering institutes very famous body and they've been seminal in setting standards for how to write software software development methodologies a lot of good people have come out of that group i thought the time has come in our industry to create a university-based engineering institute through a donation and then ongoing commercial participation members of industry to basically focus on certification standards assurance levels design patterns and other things across all smart contract platforms whether you're writing solidity or plutus code cardano supports everything we have yellow and that brings in mainstream languages uh we have solidity and you know evms so you can do your ethereum stuff and then obviously we have plutus and marlow and these other things so it's in our best interest to see standards that are ubiquitous for everybody so uh we're going to make an announcement at some point of which university is the lucky winner we're playing bachelor right now deciding which rose to give and basically the idea is we'll make a large donation we'll bring in and create a steering committee it's likely runtime verification iohk will be members of that and we'll use that as a foundation to start building up a lot of design patterns in our industry and then we're going to invite many other cryptocurrency projects to attend the algorithms of the world the tasos of the world the ethereum enterprise alliance and the ethereum foundation and so forth it's just it's in all of our best interests for proper standards to exist about how to write smart contracts how to certify smart contracts how to audit smart contracts and so forth so we'll be talking about that in a bit but i just want to let you guys know that's on the radar now there's a major commercial deal and it's starting to leak a little bit and this is about a bird um and uh we're not quite ready we're ready on our side but that government isn't quite ready to make that announcement but my understanding is that it's in the final stage and we're just kind of waiting for the nation states pr people to get up to speed and do things we believe that that's going to occur in february and i haven't gotten any information to the contrary uh what i can say is this is a major deal uh involves five million people and it's a very substantial thing it involves deployment on cardone so those will become cardinal users over a period of time but i can't quite say anything more yet uh john o'connor and proof of africa kind of said some things about that but i i'm not going to say any more because we're waiting for the nation states pr to it it's a near and dear deal to my heart and it's something that's very important to me because we've spent years as a company pursuing africa deals and it has legitimized that strategy and this particular entry point gives us the ability to extend and expand over a 12-24 month period for tens of millions of users and we'd like to franchise it make it pan-african and go across the entire continent i think it's probably the largest cryptocurrency deal in the history of our industry for single deal and user acquisition but again we're going to hold off on saying any more until that nation state gets its stuff uh together on the pr side and that completely finalizes it's one of those things where you get about 95 percent and then everything kind of slows to a grinding pace and you just have to wait and wait and wait and it is what it is and we've been dealing with that since november and it looks like though that we're finally at a point where national press can happen and these things can be said and because it kind of got a little leaked with the proof of african interview i figured it'd be good to give you guys a teaser there so i think we could talk about that bert this month there's another bird too uh and uh that one i can't say much about but i think you guys be very happy and i do believe that that's occurring this month as well but you know those are just events and they're validators of the strategy that we're following and they are starting points to build upon but by no means are they the only things to say you know we're going to have a lot more to say at the 360 event that show at the end of the month and then in march there's going to be the go to market strategy for gogan where we get into the weeds about how we're competing with ethereum how we're preventing presenting a better view in general about building applications on our platform and where do we want to go with all that who are the partners that are coming with us we are seeing exceedingly strong commercial demand for people to become multi-chain and come over to cardano or to actually completely migrate to cardano cutting ties with the old system uh and uh that's just great and there's already somewhere announced like for example singularitynet there are many have expressed interest like the celsiuses of the world and the somis and these others and we're very happy to see that and a lot of my day is now actually consumed in these types of meetings so it's pretty incredible that even before native multi-asset comes we're seeing this kind of demand and that commercial side is only going to get dialed up uh very radically so hang in there i can't quite give you guys the birds yet but they're probably going to come land here in february i still think that that's the case hopefully towards the end of the month or next week we'll see but overall i that's as much as i can say and i know you guys are dying inside so i figure i'll give you a mid-february update about it uh and it's just overall incredible you know we've seen such incredible growth in uh community population google search volume reddit subscriptions telegram subscriptions commercial interest um and it's all here to stay and we're actually turning stuff on now as i mentioned native multi-asset is coming and that there's over 100 plus tokens that were issued on the mint network and so a lot of those in short order will be rolled over i get probably one or two pitches for icos and stos every day sent to my email catalyst is also coming along incredibly well fund four has one million dollars and every time we do this the funds get larger i think the next one will be at that size or 2 million and i suspect 20 to 30 entities will probably get funded this round 11 were funded in the prior round i'm also going to hire a full-time journalist specifically to write stories about those who get funded with catalyst so basically this person will come in interview people who have gotten funding ask who are you where do you come from why are you here so we can tell your stories a little bit better and for the really large ones to syndicate those as well we're still in the nuts and bolts with the wolf ram relationship that's very strong they're a great company we love working with them and we're really exploring how to convert that into a great approach for oracle's for age usd the stablecoin we're working real hard at figuring out a proper port for that to the alonso test net and then from there we'd like to see that in production on the cardano network we're just making sure that all the regulatory stuff if any is crossed and dotted and that's okay we're also going to announce likely either next month or the month after the dates for the gogan summit we're still trying to figure out if we're going to do an in-person component or not and we've been waiting to see what's happening with travel again the iata has vaccine passports israel started issuing vaccine passports but i think everybody's waiting for the europeans in the u.s to get together and decide what that means and if vaccines are the way to travel again if that's the case we can do an in-person event and we'll do a hybrid event because most people won't want to travel and basically do it like we did the shelley summit but then also have a in person but if we can't do an in person we might have gogan a little earlier if we can have her in person we may do gogan a little bit later because it adds another two to three months of logistical considerations of how do we move everybody there and get them there so that will be announced uh likely at the gogan update we're going to do with the the march cardano 360 but uh maybe we'll push it out to april but no later than april for announcing that uh that particular date and i'd also like to do a giant hackathon uh there's many more partners who are going to go there a lot of showcasing also anyone who has received catalyst funding we're going to make sure that at that summit they're given an opportunity to showcase the progress that they made with that so that already creates probably 200 speakers or something like that so probably a digital event would be uh would be better for it so a lot of things in flight a lot of things are moving very quickly and it's just really amazing to see how it's all coming together and it's really exciting to see it all come together and so i figured given that there's so much stuff around and there's so many people going crazy that would be a good idea to do a mid-february update and just kind of tell you guys where we're at what's going on so that's as much as i can say about the birds they're pretty sexy birds pretty happy about and i'm waiting just like you guys are to eagerly talk about them but as much as i can say that's that and as for everything else stay tuned for the cardinal 360 episode at the end of this month uh stay tuned for the gogan cardano 360 episode uh at the end of march they're going to be very very fun we haven't missed any deadlines engineering is still on track they're working incredibly hard to stay on track because we keep adding more stuff to do and all the teams are working well and we've actually added more team members as well the newest company to start working on cardano is obsidian obsidian is a haskell development firm on par with things like weld typed in twig and they're now actually working on the update system for cardano as many of you are aware next month is a very major milestone for cardano march 31st d should equal zero which means one hundred percent of the blocks will be made by stake pool operators so that's an extraordinary thing and i believe around that same time period we should anticipate major progress or full implementation and deployment of peer-to-peer so we'll see where they fall in their engineering schedule we're trying to accelerate the testing phase a bit so that we can hit both of those milestones at the same time but you know we'll know more in about two weeks whether that's feasible otherwise a full peer-to-peer will come in early q2 but that means all infrastructure is running by you then there's a question of governance and there's a huge amount to do in governance and obsidian is assisting with that as well so we had one guy working on our update system uh the one that we built with uh with the european union and now at indian we've retained two more people specifically uh for that relationship so there are three people working on the on chain update system and then we've actually expanded the size of the catalyst team to include more rust developers i think we hired three more rest developers specifically for that and we're going to add some more oversight because we want to accelerate things that we're doing on the governance side so uh likely right after the gogen update in april uh it would be nice to do a large update on voltaire and some of the enemy year plans that we have we'll also introduce you guys to uh someone named leon likely in may or june uh to talk about cardano 2025 in particular uh the dcf idea we have it stands for decentralized consortium funding uh it's kind of like what the ico should have been back in the day for a post-launch coin with treasury system and so forth and where you want dozens of actors to work on it and so we're also going to be negotiating retaining a dedicated consultancy to help us with that concept we're not quite where we need to be to announce all the details but we are writing a white paper on it and then we're going to actually instantiate one so look for that and we'll have a cool presentation on it hydra progress is very good we have more hydra team members coming online in march and those hydra members are going to work towards getting a prototype somewhere in the middle of the year that will confirm the simulations in the papers we're also working on the head tail protocol the tail protocol and the routing protocols for these things and what we're going to do is rapidly accelerate resources for hydra channels towards the second half of the year so right as we get past alonso and we start moving into cleanup for cardano 2020 there's going to be a big surge in resources to make sure that hydra gets done correctly and there's a lot of protocol tuning that has to be done but it is my goal to have at least a beta of hydra running on the test that sometime this year and sometime next year or this year to run the final version of it for version 1.0 but that's contingent on how fast the scientists can refine the protocols and get them all running but everything is looking really beautiful there and what's nice is that hydra is usable not only for ada but will also be usable for all native assets that are issued on cardona so one of the things about issuing assets here is in addition to this transaction fee idea you get to reuse our governance and you're going to be able to reuse our payment state channel concept as well so huge amount of stuff the next 90 days are balls of the wall crazy every week something's coming out every week something's being announced every week something is happening and just it's going to be information overload i hope you enjoyed your christmas and the lulls of uh january it's uh it's uh pretty frantic um and a lot of news is actually being made by the community there's so much developer interest so as these smart contracts turn on you're gonna see all those guys and gals making their announcements and catalysts keeps getting bigger and bigger and bigger so it's going to start attracting large-scale larger scale project ideas in the quarter million half-million dollar range because you know million-dollar pot every six to eight weeks is a huge concept and people are going to be coming in to ask for that so and then as i mentioned more academic partnerships more standards uh and these types of things and then obviously a lot of progress on prism as well and we're already looking at how do we get the identity center turned on how do we talk about uh embedding dids into the metadata of transactions so you can have kyc wallets you know these types of concepts a lot of performance improvements are also going to be coming a big f versus on engineering post shelley was just cleaning up the shelly tail the end of the tail is optimization so we're going to do a lot of optimization and in the client so you should see a lot of speed improvements and certain things i'm also really aggressively looking at the light client strategy for daedalus and what's likely going to happen is we're going to have a daedalus 2 team we'll put a team in that and they're going to look at daedalus mobile deadlifts in the browser like a uroy style wallet and deadlifts desktop and part of that is light client by default with a background upgrade to full client so you can use everything straight from installation kind of like uh the old electro neum wallet uh you know and uh i think that's the great user experience and having a ubiquitous user experience whether you're on your cell phone you're on the browser or you're on the desktop client the other thing is that daedalus is transforming from a single asset wallet to a multi-asset wallet the first gui experience there the ux experience is going to be with mary and that's a giant beta test for how should we show these assets what should we do with these assets but the point is when you issue an asset in our ecosystem whatever ada is going to do that asset can do so we talk about a paper wallet generator for example like i sketched out my whiteboard video that paper wallet you can also build a paper wallet for your user issued asset with the very same mechanism the very same security standard we talk about multi-sig exactly the same this is the elegance of this particular setup it's not treated as a different artifact and custom stuff has to be written it's integrated at the core and daedalus will eventually reflect that as we continue to upgrade it hybrid wallets are a big thing that i care about so the basic idea there is where you have a ledger or a trezor or some hardware device where your private keys live and what you do is you co-build that wallet with daedalus so daedalus manages the voting and staking the hardware device manages the value keys so you have hot wallet for all the convenient stuff but we actually go to spend your money you connect your hardware device through the hardware wallet center and i think that usability pattern is going to be great for the majority of users because you'll have just full node security you'll have a beautiful interface the things that you're dynamically doing again and again like voting and staking and so forth you you have a hot wallet experience and you know if that gets compromised you haven't lost any money what you do is you just rebuild the hybrid wallet and you rotate keys but no one can spend your aid up because that's living on the ledger device so that's something we're very excited to bring out and that's coming in quarter two along with the partial delegation idea where you can go from one wallet delegate to many pools it was originally planned for q1 that feature had to be pushed into q2 because we wanted to add and de-risk resources for the multi-asset for rosetta and for other such things and addresstia can only do so much and they're kind of constrained by some linear demands so a lot of stuff there we also have a really cool cloud product we're building we'll make an announcement about that uh it's going to roll up a lot of these things that you see that run in the browser and alex appledorne is the product manager for that addition to the address tsi so we'll be making some statements in some demos soon if not in february than in march and i think you guys are going to be pleasantly surprised about it okay well that's all i have for you just a brief 25 minute update hope that helps it's a mid-month update we're going to have more this month certainly and hopefully the birds will land i think they are going to i and you guys are pretty excited but i've already given away a lot so you could probably put the pieces together if you're quite clever about where it's at and what it's involved with and so forth but it is the largest cardano deal we've ever done and it's nice to see it get closed and hopefully we can make some announcements soon about it cheers
