Share this page!

Sooraj 🚢 Profile picture
Twitter logo
Oct 30 • 16 tweets • 12 min read
So here's the first edition of #ThisWeekInCardano

This will be the first in a series of threads that will be published every Sunday

Giving you a summary of the major events in the #Cardano ecosystem

This thread will also feature a project from the ecosystem

Let's dig in🧵👇 Image
#CNFTs are on fire!

NFT trading volume on #Cardano is now the third highest in the entire #blockchain landscape.

forbes.com/sites/mariagra…
Flint Wallet has released a new version (1.23.0)

Flint Wallet on iOS can now support NFTs.

It also now supports animated NFTs.

Very positive news for the UX and user adoption

This feature comes now as apple has removed the restrictions regarding the involvement fo NFTs!
This week we got a new release of Hydra!

The @InputOutputHK team behind hydra is consistently making progress!

This steady progress comes at a time when projects like @SundaeSwap are demonstrating the possibilities with Hydra!
The forges are burning bright, & #Cardano development is making a steady progress

Friday saw the highest number of activity, with 834 commits pushed across 49 repos by 99 authors

Mithril saw the highest development activity, with 483 commits this week

cardanoupdates.com/reports/2022-1…
Here's the link to the detailed weekly #Cardano development update

Go ahead and take a look!

essentialcardano.io/development-up…
The voting for #Cardano summit awards is now open!

This is the most anticipated event of the year for the whole #CardanoCommunity

So go ahead and vote for your community members and projects!
The lace Explorers Beta Program just launched!

You now have the opportunity to test #LacePlatform

More users testing could ensure a bug-free mainnet launch

So go ahead & sign up before Oct 31st to be included in the next testing cohort👇
#Cardano now empowers a group of DeFi protocols to bring innovative products into the market

SPO Liquidity Bonds of @OptimFi is a perfect example of that

optim-labs.medium.com/testnet-guide-…
@OptimFi Here is a tweet by @cardano_whale explaining the utility of the SPO Liquidity Bonds 👇
@wingriderscom successfully launched the DAO Governance Platform, completed the first DAO voting

and announced the release of the new open-source repositories

This is an exciting step towards transparency and inclusivity👇

coinwire.com/first-look-at-…
@wingriderscom There is an active discussion going on among the passionate community members of Cardano regarding the minimum pool fee

and the consequences of removing or maintaining this minimum pool fee

Here's an article that explains the staking parameters and network optimization 👇
@wingriderscom You could also listen to the discussion among the passionate community members in twitter spaces hosted by @BullishDumpling

This discussion would help you to understand different perspectives and the point of view of different SPOs 👇
@wingriderscom @BullishDumpling Finally, the October edition of #Cardano360 is here with

The #Cardano360 will give you an informative overview of the development updates

as well as interviews from the #RareBloom2022 and CNFTCon👇
@wingriderscom @BullishDumpling That's a wrap!

Follow me @Soorajksaju2 to keep updated with what's happening in the #Cardano ecosystem

If you are curious to know about one of the cutting-edge technologies being developed to ensure #decentralization and inclusive accountability

here's a thread about Mithril👇
If you like Threads like this, you might enjoy our weekly newsletter: Just The Metrics.

A 5-minutes, easy-to-understand newsletter about crypto fundamentals to stay up to date & be better crypto investors 📈

Subscribe here👇
…st-the-metrics-newsletter.beehiiv.com

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Sooraj 🚢

Sooraj 🚢 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Soorajksaju2

Sooraj 🚢 Profile picture
Nov 3
What I really appreciate about @ravanave is his no-BS approach

And making it clear what capabilities #Cardano the L1 should provide

To enable a thriving ecosystem on #Cardano
These are valid criticisms that actually hamper the implementation of cutting-edge dApps on #Cardano

Rather than focusing on building an L1 that is a "Jack of all trades but master of none."

#Cardano could profit from enabling an environment where L2s, like @fuellabs_, could provide unique execution environments

and enable a thriving dApp ecosystem!
Read 4 tweets
Sooraj 🚢 Profile picture
Oct 24
Running a full node is the most trustless, censorship-resistant & decentralized way to interact with a blockchain

But what if you can enjoy the same benefits by running a light client of #Cardano on your phone

Yes! that's where we're heading

Here's a thread on Mithril🧵👇 Image
What will you learn from this thread?

• The difference between a full-node and light nodes

• Why it's hard to scale the current networking layer of blockchains?

• What is a Stake-based threshold multisignature scheme (STM)?

• Components, Design & usecases of Mithril
What is Mithril?

Mithril is a lightweight solution that enables even mobile devices to run #Cardano nodes that fast sync using blockchain snapshots

It's named after a fictional metal in Middle-Earth that is very lightweight but immensely strong
Read 48 tweets
Sooraj 🚢 Profile picture
Sep 28
The proposal Daedalus Turbo is actually infeasible in the current state, which got funded

The step involved in the #ProjectCatalyst to prevent such an event is the proposal finalizing stage

Where veteran proposal assessors (vPAs) give green light to proposals for voting stage
Daedalus Turbo just got funded for building a technically infeasible product

Total funds allocated USD 759000

That is 6% of the total catalyst budget, allocated to a team/person with no experience in #blockchain development
Even after #CardanoCommunity, red flagging this proposal way before the voting stage, through informal channels

The lack of accountability and the technical knowledge of vPAs actually resulted in this proposal getting funded
Read 7 tweets
Sooraj 🚢 Profile picture
Sep 22
#Cardano just embraced the #Vasil upgrade

Its the right time to look back at the groundbreaking successes of #Cardano

A novel consensus protocol based on Proof of stake (PoS) is one of them

So let's compare & contrast the PoS of #Cardano with PoS of #Ethereum 🧵👇
Since the #Shelly upgrade in 2020,

#Cardano is running on a PoS-based consensus protocol named Ouroborus

It is the first provably secure PoS-based consensus protocol

and the 1st blockchain protocol based on peer-reviewed research

Running without a glitch for the past 2 years
After years of development,

the Ethereum Merge happened on September 15, 2022

The transition from PoW to PoS was enabled

by merging the old PoW Ethereum mainnet with a separate PoS-based blockchain called the Beacon Chain

Which now exists as one chain
Read 30 tweets
Sooraj 🚢 Profile picture
Aug 27
#Decentralization of the networking layer of #Cardano is the most anticipated upgrade after the #Vasil HFC event

P2P is one such upgrade that will make #Cardano a far more decentralized & resilient network than what's it now

So here's a thread on peer-to-peer (P2P) networking
Decentralization is a core value and driver for #Cardano

And there are three pillars to Cardano's decentralization

• Networking

• Governance

• Block production
These three pillars are intrinsically linked to one another.

And all of them work synergistically to achieve the complete #decentralization of #Cardano.

As of now, #Cardano has achieved complete decentralization of the "block production."
Read 36 tweets
Sooraj 🚢 Profile picture
Aug 7
Data availability has been an exciting and new topic for discussion among the #CardanoCommunity recently

But it's also an abstract and complex topic

So here's a thread that simplifies "Data availability"(DA)

And how a DA-Layer would function on #Ethereum 2.0
Data availability is the guarantee that the block proposer published all transaction data for a block

And that the transaction data is available to other network participants

Why is it important?

For this, one must understand how trustlessness work in public blockchains
• Block:

Each block has two major parts:

• The block header:

This contains general information (metadata) about the block

Such as the timestamp, block hash, block number, etc.

• The block body:

This contains the actual transactions processed as part of the block
Read 38 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(