hi everyone this is Charles hoskinson broadcasting live from warm sunny Colorado always warm Always Sunny sometimes Colorado I was just about to leave the office but I decided to make a quick update video talk a little bit about where we're at with Alonso as you guys know we do our monthly updates with the Cardinal 360 episode and we also tried to uh give you guys real-time updates when and where things are apparent as many of you know we entered last month the Alonzo blue era and we've been working with Partners on that we've learned a huge amount and we're just about to enter Alonzo white originally it was slated for this week Monday but it looks like the node for 1.2.8 which contains some validation fixes that we discovered through testing uh is probably going to be about Friday or Monday more likely that Monday because we try not to do a release on the back of a weekend we're going to be bringing several hundred people into the Alonzo white Network uh it requires a respin to do it and there's going to be a whole bunch of exercises that we run them through but all things considered things are chugging along and we should run Alonso right a white for probably two to four weeks and then uh go to kind of the next phase um the wallet back end is slated for full integration at the end of July and the first stage of the plutus application back-end integration is slated with the node for end of July as well at our current velocity then there's a Daedalus integration needs to be done typically takes about two weeks uh one to two weeks so we think probably August 9th is when that's going to occur uh and then there'll be some announcements and statements we make at the Cardinal 360 episode at the end of this month about specifically what does that mean for the hard Fork combinator event to turn on Alonso uh so things are looking good we've discovered standard bugs you would expect to discover and integration issues you'd expect to discover along the way uh but we're working our way through them as always and uh you know they were following pretty rigorous QA process uh but things overall are fairly stable uh the development ecosystem is quite large you know is kind of bizarre the crypto media and people over Twitter decided to make an issue out of a tweet where I predicted that there were going to be many assets on cardano and many dapps on cardano by uh you know end of July uh in about a year's time and to be honest we actually have that kind of traction there are tens of thousands of assets over 10 million dollars worth of nfts I think have been sold uh if we're counting correctly throughout the cardano network there are thousands of them issued all kinds of commercial activity there uh if you look at the Catalyst funding set when you look at the D5 debt on cardano there are dozens if not hundreds of good candidates there and over 1500 developers trained through the police Pioneers program so there's enormous amount of commercial interest traction Community effort uh with cardano and we're seeing that with Alonso blue and soon to be white and we're seeing that with independent projects and how fast they're moving so all things consider the ecosystem is quite healthy and viable and since that time of the prediction last year we've seen a tripling the population size of cardano and obviously a lot of value accumulation as well we're the number one stake Network in the entire space number one for commits and we have a humongous population in every social channel from Reddit to Telegram and a lot of excitement activity and recently even got accepted in grayscale's fun it's the third largest holding and a lot of institutional interest so by every measurable kpi the growth over the last year has been remarkable and smart contracts are nearly here it's just a phased process because cardano is so large listed in so many places and there's so many moving pieces that process has to be followed and we outlined it Alonso blue white probably purple would be broken into two stages and the hfc event is still roughly on schedule for where we thought it was going to be and of course there's a lot of work to be done with the application backend and you know that's underway and that's done in stages as well first the pollutus application back into the node and then after the full wallet integration the PAB integration to the wallet back end and so all things considered the velocity is exactly where it needs to be the progress is exactly where it needs to be Alonso is coming and as I said every month we give you guys a pretty comprehensive update with the episode and there's a lot of commercial activity already occurring and we expect to see significantly more activity over the next 90 days the goken summit has been announced we said September of 2021 and the location physically I believe will be University of Wyoming and there will be a hybrid event with a digital location as well and will showcase a lot of the great things that are being done those who Levy criticism at this project are either misinformed or malicious at this point uh cardano remains one of the fastest growing most stable most mature and systematic of cryptocurrency projects and we remain uh one of the the top mentioned in every social metric in our entire industry and you can see every week progress being paid every week development being done and uh people talking about it on Twitter on Reddit on telegram with their own projects and a very vibrant ecosystem so that's where we're at and it's going to be a very exciting 90 days as we continue to systematically go through the colors of the Alonso Rambo leading to a hard for accommodator event and then we're going to see a lot of apps wake up on the network in a very big ecosystem grow also I will remind you that since Mary was launched earlier this year thousands and thousands and thousands of nfts and other such things have been issued and sold on cardano and there's already a lot of plans for Native tokens such as singularitynet and many defy applications that are coming and we continue of course with integration of all other components there is a full Hydro team working prism is moving along we've massively expanded requisitions for that team hiring more than 30 people nation state deals for example Ethiopia in place and more to come so that's a very dense pipeline that we have and each and every one of those will produce and create value for the network so don't pay attention to the noise follow the facts that's what we've always done peer review volume is of course High we're up to over 110 papers Omega is in progress we already released the mithril paper we have a Hydra pay paper which is just getting cleaned up and finalized and that'll come out soon and we continue to make progress on stablecoin Research we think our tentative Target is July 14th for finishing up that algorithmic stable coin paper we've been working on for the past few months we have Dex papers we have many things that we're doing in this space okay so I look forward to seeing everybody at the end of the month for the Cardinal 360 update and thank you to all the people participating the first cohort of the Blues Pioneers program thank you for all the people in the second cohort of the program which is currently underway uh and uh thank you for everyone who is now actively testing Alonzo blue and migrating to Alonso white uh and next week's going to be very busy week we're going to learn a lot we're going to continue doing QA there's a lot of aggressive QA going on a lot of stuff being discovered as expected uh but things are definitely being hardened and uh all of our infrastructure is being upgraded uh dbsync the graphql apis etc etc Rosetta support continues growing and I keep signing decision memos for various things from upgrades the hardware wallet support to other features and capabilities okay thank you much
