Discover and read the best of Twitter Threads about #ProjectCatalyst

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It's here! Well - almost.

#Cardano's #ProjectCatalyst Testnet is coming soon to computers near you. Here's a quick thread about it and what to expect next.

Come explore with me below and let's dive in.

πŸ€ΏπŸ‘‡1/n Image
2/

Firstly, to re-orient, the Catalyst team started sharing the information about upcoming changes to tech stack within the context of Catalyst few weeks ago. Namely, ideas around Deployability and Auditability. You can catch the original thread here to catch up:
3/

Which brings us an opportunity now to introduce the Catalyst Testnet from concept into reality. You can catch the entire video presentation delivered by @SJCatalyst , Catalyst lead architect, at Town Hall here:

youtube.com/live/CaKQAhnOK…
Read 10 tweets
Hi #Cardano enthusiasts πŸŽ™οΈ

Don't miss out on today's ADA Digest - your source for the latest news and rumors from the #ADA ecosystem & Beyond. In case you missed something I am bringing highlights, so you stay in the loop and stay ahead of the curve. Join in! πŸ§΅πŸ‘‡πŸΌ
1/ CIP-1694 is our main topic and looks like it will be for quite some time as Cardano is transitioning to it's most important phase. In order to learn more about it @CardanoPills has us covered
2/ @blueshiftfi has incentivised testnet for cross-chain DEX. With some other projects this proved to be very lucrative, so test it out and give your feedback

Read 24 tweets
2022 was a landmark year for the #Cardano ecosystem, and it was all because of you, the community. A global movement of developers, entrepreneurs & artists built new solutions, businesses, and experiences on rock-solid foundations.
1/
From the earliest beginnings, you the community ensured the continued growth and success of #Cardano. So, IOG wanted to take a moment to reflect on 2022 and look forward to the age of #Voltaire.
2/
The year began with a drive towards the #Vasil upgrade named after Vasil St. Dabov, one of #Cardano's ambassadors. #Vasil brought an increase to #Cardano's performance and scalability, giving a boost to the capabilities of the entire network.
3/
Read 16 tweets
1/10 Some notable features (not all) of #Cardano Blockchain. The current and upcoming implementation, explained in my articles.
-eUTXO: deterministic model that can handle sending multiple tokens to different addresses in a single tx.
blog.blockmagnates.com/accounting-mod…
2/10 -Cardano has a multi-asset ledger, and so all tokens issued on the network has native token treatment, similar to ADA coins and no smart contracts are needed for interaction (as in Ethereum).
liberlion.medium.com/cardano-and-to…
3/10 -Cardano has native liquid staking, which has no blocking or slashing of funds. Funds can always be withdrawn and ownership of fund keys is maintained at all times.
medium.com/coinmonks/stak…

-Hard Fork Combinator for hard network updates, without friction or trauma.
Read 10 tweets
Today, we take a look back at the third of Cardano’s roadmap phases: Goguen.

🧡 1/n
The Goguen phase

The Mary upgrade allowed Cardano users to mint tokens, including non-fungible tokens (NFTs), without smart contracts.

🧡 2/n
The Alonzo upgrade introduced smart contracts, adding the ability to build #DApps on #Cardano.

Alonzo also introduced the world to #Plutus, a purpose-built #smartcontract dev language and execution platform.

🧡 3/n
Read 8 tweets
Interesting F9 data 1/n 🧡
In @BullishDumpling Catalyst Twitter space right now...

Sharing #ProjectCatalyst data is important. Thanks for the #Cardano community creators that put together these data. This has helped me to understand where more improvements can be made for F10
2/n

The swarm plot gives a great sense of voter decisions trends - in so much as the trend follows that highest *rated projects tended to get approved, and very very few low *rated projects were approvedπŸ‘ @danny_cryptofay @benohanlon @mtschofield @IOHK_Charles Image
3/n FWIW I don't think this should be taken as the whole picture, nor should we assume that because proposals *rated high that voters went along with Proposal Assessors.

What it highlights to me is most proposals were not funded only because the budget ran out in the challenge
Read 10 tweets
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
PROJECT CATALYST OVERVIEW
Β 
The Project Catalyst is one the most awaited events of the @Cardano ecosystem. Let’s have an overview of what that is.
Β 
#projectcatalyst #overview #cardano #community Image
@Cardano PROJECT CATALYST OVERVIEW
Β 
Project Catalyst is an experiment in community innovation, providing a framework to turn ideas into impactful real world projects.
So how it works?
Β 
#projectcatalyst #overview #cardano #community
@Cardano PROJECT CATALYST OVERVIEW
Β 
Innovate together
Got an Idea? Create an impactful proposal and collaborate with the community to develop and refine it.
Β 
#projectcatalyst #overview #cardano #community
Read 7 tweets
Governance is a crucial component of #Decentralization

This is something that #Bitcoin & #Ethreum conveniently ignore

But, #Cardano is built based on 1st principles & governance is a key focus of development

Here is a thread on Governance, Voltair era & Project CatalystπŸ§΅πŸ‘‡
Like the way, democracy unshackled regular citizens to grab power from the feudal lords

#Bitcoin was the 1st movement

Enabling regular citizens to grab power from the flawed financial institutions

To create a fair, transparent & inclusive financial system

To bank the unbanked
But #Bitcoin has a fundamental flaw, which #Ethereum inherited

"Lack of Governance"

This lack of governance resulted in major community splits

Ethereum & Ethereum Classic as a result of a hack in 2016

Bitcoin & Bitcoin Cash over the debate of the network's scalability in 2017
Read 30 tweets
So, the @UglybrosNFT Discord server was breached this morning at about 2 AM EDT.

Here's a post-mortem on what happened 🧡
Important Note:

The Discord has been secured. Serge and his team were amazing and did all the right things to recover their Discord, I helped out a little where they needed it, but they did it mostly on their own. πŸ‘ to them for handling with such professionalism
Q: How does this happen?

A: Serge's Discord account was breached through a bookmark phishing attack. These attacks can steal your Discord token (essentially your discord "seed phrase") and log in without 2FA.
Read 17 tweets
Back in April 2021, we created Essential Cardano – a community-maintained GitHub repo to chart our thriving ecosystem – as well as a comprehensive list of resources to help you learn more about #Cardano. 1/4
github.com/input-output-h…
Since then, we received hundreds of contributions & the list keeps on growing.🌱

Over the last week we added:

πŸ‘‰@bitpanda under Exchanges
πŸ‘‰@CicadaNFT under the NFTs section
πŸ‘‰@CatalystSwarm & @school_catalyst in the #ProjectCatalyst section 2/4
πŸ‘‰ @cardashift under DEXs and Incubators & Funding
πŸ‘‰ PyCardano, a standalone Cardano client written in Python under Builder Tools
πŸ‘‰ A new script for SPOs to use to build their static topology file (RTTMapper.sh) 3/4
Read 4 tweets
IMPORTANT THREAD: Over the past 24 hours we have seen a lot of social media speculation (and let's face it, outright FUD & misinformation) over Cardano’s ledger approach and specifically β€˜concurrency’. Let’s clear this up. #Cardano $ADA 1/n
Cardano is a UTxO (Unspent Transaction Output) blockchain, which utilizes a different programming paradigm for DApps than on account based blockchains like $ETH 2/n
The specific flavor #Cardano uses is the eUTxO – or extended model which we believe offers greater security, allows for fee predictability (no nasty surprises...) and offers more powerful parallelization. 3/n
Read 25 tweets
πŸ“’πŸ’¨ #ProjectCatalyst Town Hall Recap πŸ’ͺ

πŸ‘‰ Fund5 results almost in
πŸ‘‰ Fund6 starts next week with a special live keynote from Charles Hoskinson @IOHK_Charles
πŸ‘‰ Fund6 community challenges published

🧡 #Cardano thread below πŸ‘‡ #ada $ada 1/13
Welcome to the experiment πŸ§ͺ

Reminder, things may:
πŸ‘‰ Break
πŸ‘‰ Lack documentation
πŸ‘‰ Differ greatly between iterations
πŸ‘‰ Disorient, overload & inspire

🎯 Our goal: a safe, lively environment for you to explore the highest potential of human collaboration πŸ’ͺ 2/n
Catalyst things to celebrate: πŸŽ‰

πŸ‘‰πŸ½ +33k wallets, Β±31k members, 89 proposals funded (excl. F5)
πŸ‘‰πŸ½ Β±3.5k total CA reviews submitted
πŸ‘‰πŸ½ 1.1k insight shares & 930 total proposals submitted
πŸ‘‰πŸ½ Almost $4M in funds allocated
πŸ‘‰πŸ½ Β±611k votes cast
πŸ‘‰πŸ½ Grassroots community thriving 3/n
Read 15 tweets
ALONZO UPDATE: We’re continuing to make good progress with the rollout program and this week we’ve started onboarding new SPOs and developers to join #AlonzoWhite. Here’s a thread to share how we're rolling!πŸ˜€πŸ‘ #Cardano $ADA @Cardano 1/14
To recap, we're building out the remaining #Goguen #Smartcontracts capability via a series of color-coded testnets, supported by the #Cardano community. We're adding new community testers as we go, steadily adding new users as we add functionality, test, iterate & improve 2/14
On Monday, we asked our #AlonzoBlue community testing team to nominate and bring new members into the program (a mix of experienced SPOs and developers) ready for #AlonzoWhite. We’ve now also invited and started onboarding these new users 3/14
Read 14 tweets
Who, what and why Cardano?

A community-inspired, educational super-thread for those wanting to learn more. πŸ¦‰

(1/18)

#Cardano #Blockchain #BlockchainNews #Cryptocurrency #CryptoNews
The Cardano Trinity: @CardanoStiftung - Oversees and supervises the development of the ecosystem; drives adoption, shapes governance, sets commercial standards & supports the community of Cardano users.

#Cardano #Blockchain

cardano.org/partners/?tab=…
The Trinity (cont.) @InputOutputHK - Tech & Engineering; designing and maintaining the Cardano platform.

Committed to innovation through peer-to-peer scientific review and the highest standards of assurance in software development.

#Cardano #Blockchain

cardano.org/partners/?tab=…
Read 19 tweets
Cardano x Tesla: An obvious match? πŸ€”

A thread 🧡...

#Cardano #CardanoCommunity #Blockchain
Founded by Engineers: All of the research and technical specifications that underpin Cardano are publicly available, and all Cardano development activity is published online.

Link: bit.ly/3uLprbJ

#AcademicBlockchain
Sustainability: In line with many @UN Sustainable Development Goals. Running a node is accessible and affordable.

There's even a step-by-step guide: bit.ly/3y9LISQ

#Envision2030 #Sustainability
Read 8 tweets
After driving for nearly 8 hours this weekend, I wanted to put out a general update on @adasafeguard and what I see as the potential future for a DAO-centered user protection solution that lives on-chain.

Time for a (large) #Cardano $ADA thread:
1/ At first, I began working on ASG as a centralized Chrome extension. You can even see the beginnings of a POC on @github here: github.com/cjkoepke/ada-s…
2/ Unfortunately, I ran into two problems:

1. My limited time constraints and the cost of infrastructure (all my time is currently going to @thecryptodrip).

2. Starting a blockchain protection solution with a centralized genesis, and eventual tech debt.
Read 16 tweets
πŸ“’πŸ’¨ #ProjectCatalyst Town Hall Recap πŸ’ͺ

πŸ‘‰ @YoroiWallet users Fund 3 voting starts Friday 🀩
πŸ‘‰ Proposers flag feedback for review πŸ“
πŸ‘‰ CA reviews being reviewed this week πŸ‘€
πŸ‘‰ Fund 5 announced with $2,000,000 πŸ‘›

🧡 #Cardano thread below πŸ‘‡ #ada $ada 1/11
Welcome to the experiment πŸ§ͺ
Reminder, things may:

πŸ‘‰ Break
πŸ‘‰ Lack documentation
πŸ‘‰ Differ greatly between iterations
πŸ‘‰ Disorient, overload & inspire

🎯 Our goal: a safe, lively environment for you to explore the highest potential of human collaboration πŸ’ͺ 2/n
Let's pause & celebrate πŸŽ‰

πŸ‘‰ Fund2 cohort launching great projects
πŸ‘‰ Biggest decentralized innovation fund
πŸ‘‰ Min. 3 assessments for Β±300 proposals
πŸ‘‰ Picking up shovels by grassroots: mentoring, landing page, CA processes, independent media 3/n
Read 11 tweets
MEGATHREAD πŸ“’πŸ’¨ on today's epic #ProjectCatalyst Town Hall. Ready?

πŸ‘‰ Fund 3 voter registration ended today πŸ₯²
πŸ‘‰ Voting begins: March 5 @ 7PM UTC πŸ’ͺ
πŸ‘‰ Voting ends: March 24 @ 7PM UTC
πŸ‘‰ Winning projects funding: Β± April 4 πŸš€

🧡 More via thread below πŸ‘‡ #Cardano $ada 1/18
Welcome to the experiment..! πŸ§ͺ

A few reminders. Things may:
πŸ‘‰ break
πŸ‘‰ lack documentation
πŸ‘‰ differ greatly between iterations
πŸ‘‰ disorient, overload and inspire

🎯 Our goal: a safe, lively environment for you to explore the highest potential of human collaboration πŸ’ͺ 2/n
#ProjectCatalyst – now 🌍's largest #decentralized innovation fund...

πŸ‘‰2.5B value $ada registered
πŸ‘‰10,159 unique wallets registered
πŸ‘‰12,000 platform members
vs.
πŸ‘‰ Dash voters Β± 1,000 wallets
πŸ‘‰ 100 DAOs on #eth combined Β± 1,100 wallets
πŸ‘‰ Gitcoin Round 8: Β±2,946 wallets 3/n
Read 18 tweets
Voting registration for #ProjectCatalyst Fund3 is still open (closes today at 7 PM UTC). Did you register yet?
If you registered - great job πŸ’ͺ
We'll be waiting for you to join our regular #ProjectCatalyst town hall today at 6 PM UTC, where Dor Garbash will talk about the voting process in detail. crowdcast.io/e/fund4-3
If you registered but lost your PIN or QR code-don't panic! All you need to do is to go through the registration process once again before today, March 3rd at 7pm UTC. Here is video instruction: bit.ly/302fV6f Make sure you save your PIN/QR & enjoy voting once it's open!
Read 4 tweets
πŸ’‘Soon you can vote for your favorite #Cardano Fund3 #ProjectCatalyst candidates!

First - you need to register!

🚨 Registration deadline: March 3 @ 7PM UTC
πŸ—³οΈ Voting starts: March 5 (21 days)
ℹ️ Browse projects πŸ‘‰cardano.ideascale.com
🧡 Thread recap πŸ‘‡#ada $ada 1/5
πŸ”‘ Key Takeaways πŸ”‘

πŸ‘‰ Staking unaffected
πŸ‘‰ Voting period: March 5-24th (21 days)
πŸ‘‰ Complete registration AT LEAST 20min prior deadline
πŸ‘‰ Generate QR + PIN code
πŸ‘‰ Keep them safe. You'll need BOTH once voting starts

⚠️ Don't have your code? πŸ‘‰Re-register again NOW! 2/5
Voter registration is via official #Cardano $ADA wallets:

1⃣ #daedalus πŸ‘‰ daedaluswallet.io/en/download/
2⃣ @YoroiWallet πŸ‘‰ yoroi-wallet.com/#/

⚠️ No hardware wallet support yet. Always verify & beware of scams. There is no mobile version of Daedalus either! 3/5
Read 5 tweets
1/n

πŸ“’πŸ’¨ #cardano $ada #projectcatalyst Town Hall:

πŸ‘‰ Keynote by Rob Hoehn, @ideascale CEO
πŸ‘‰ Catalyst is #1 decentralised innovation fund in the entire world
πŸ‘‰ Fund 3 voter reg deadline: March 3, 2021 @ 7PM UTC
πŸ‘‰ Fund 4 submissions now OPEN

🧡 Thread below πŸ‘‡ @InputOutputHK
2/n

We're growing! 🌱

On our way to our 2021 stretch goals! πŸš€

πŸ₯‡ Undisputed #1 decentralised innovation fund in the world.

πŸ‘‰ Gitcoin round 8 = 2946
πŸ‘‰ Top 100 DAOs = Β±1700
πŸ‘‰ Dash = Β±1000
-----------
πŸ‘‰ Β±5,700 wallets combined

vs. Catalyst = Β±8,000 wallets reg. already
3/n

F4 Proposal Referral Incentive now 4x vs. F3 πŸ€‘

πŸ‘‰ $20,000 in total
πŸ‘‰ proposal referral form submission required
πŸ‘‰ split equally amongst all winning proposals proposals referrals
πŸ‘‰ help #cardano onboard amazing projects that you know of and get rewarded for it
Read 11 tweets
1/n

πŸ“’πŸ’¨ #cardano $ada Project Catalyst Fund 3 Town Hall #1:

πŸ‘‰ Fund 3 process is launching
πŸ‘‰ Goals & aspirations for 2021
πŸ‘‰ 9 funds to be launched in every 6 weeks
πŸ‘‰ Fund 2 - updates pending

πŸ‘‡ All deets in thread below πŸ‘‡ @InputOutputHK
2/n

🀝 Welcome To The Experiment 🀝

Things may:

πŸ‘‰ break
πŸ‘‰ lack documentation
πŸ‘‰ differ greatly between iterations
πŸ‘‰ disorient, overload, inspire

🎯 goal is to provide safe & lively environment for you to explore the highest potential of human collaboration.
3/n

Why to join? πŸ€”

Maybe...

πŸ‘‰ to interact with community members
πŸ‘‰ to build something impactful & meaningful
πŸ‘‰ to learn & grow
πŸ‘‰ to build your reputation
πŸ‘‰ to make living/supplement income
πŸ‘‰ to actively influence token price
πŸ‘‰ to make history together

...up to you
Read 21 tweets
1/n

πŸ“’ πŸ’¨ #cardano $ada governance a key dev pillar in 2021.

πŸ‘‰ think not only mechanics but also in terms of social dynamics
πŸ‘‰ what will allow long-term system that is maximally good for as many as possible
πŸ‘‰ Recap of @IOHK_Charles governance YT video. πŸ™

Thread πŸ‘‡πŸ‘‡πŸ‘‡
2/n

Looking beyond March 2021, Project Catalyst is all about

πŸ‘‰ training wheels
πŸ‘‰ teaching people how to participate in voting
πŸ‘‰ how to think about this process as a whole

πŸ’‘ EDIT: Project Catalyst Fund 2 Dashboard: docs.google.com/spreadsheets/d…
3/n

Q1/2020 aspirations:

πŸ‘‰ biggest goal is to maximise participation
πŸ‘‰ get as many ADA holders to register & vote
πŸ‘‰ having Voting Center in main Daedalus & there also is intent on having it in @YoroiWallet
πŸ‘‰ voting app is going to stay
Read 18 tweets

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