Thread by @Jeremysoojk

🧵Here are the biggest updates on the #Cardano blockchain we've gotten from #IOScotFest so far:

1. Age of Voltaire — Governance.
2. Basho — Improvement.
3. Mithril — Faster Bootstrapping
4. Hydra — Cardano's L2
5. Sidechains — Interoperability
6. Midnight — NEW Blockchain

1. Age of Voltaire — a well defined on-chain governance system is coming.

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Good governance = representation + democratic consent + machine understandable rules + decentralized institutions.

@IOHK_Charles: We're gonna teach this entire industry that we can be good people.

2. Basho — a better, cheaper, faster Cardano is coming.

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eUTXO > account model, prioritise determinism in code, and include the public more during development as seen with input endorsers.

3. Mithril — a faster yet still secure way to start interacting with the blockchain, that enables more innovations, is coming.

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As time passes, data on the blockchain increases, making it tedious to obtain it all. Mithril seeks to solve this data availability issue.

4. Hydra — an L2 for Cardano is coming.

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Take some transactions off the main chain, evaluate the net actions that happened, then go back to the main chain to settle the entire transaction.

5. Sidechains — a Cardano that's interoperable with other chains with different needs/wants is coming.

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If you have a robust L1, why not maximize its potential by having other chains leverage this robustness by having them connect with this L1?

6. Midnight — a new privacy focused blockchain is coming.

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Three human rights that blockchains are not addressing are freedom of association, freedom of commerce, and freedom of expression. Confidentiality solves this.