Long-form content, usually educational, that doesn't fit conveniently in a twitter thread
For the last 6 months or so, Sundae Labs has been working together with Input Output and Well-Typed to study and refine the design of Ouroboros Leios, a proposed upgrade to the Cardano consensus mechanism. Leios is a protocol whose security is already well understood, but having confidence in the security of a protocol is a long way from knowing exactly how to build, deploy, and parameterize it.
I am voting to abstain on the Amaru Node Development budget info action with hash bd488931f792651fefa9c6fda185a2c6cec83245b51d994e33090ce36e29cc26#0.
I am voting NO on the ongoing governance action to lower the treasury cut to 10%.
I am voting YES on the ongoing governance action to establish an initial constitution for the Cardano blockchain ecosystem.
A few days ago, the Catalyst Fund 10 results were published, and this has caused quite a stir within the Cardano community.
On January 23rd, the Cardano blockchain underwent its first real-world test of large-scale resilience. Approximately 60% of all Cardano nodes crashed and rebooted. As part of the triage team, I was asked to write a blog post providing a community-centric post-mortem analysis of the incident, the quick response from IOG and the community, and the robustness of the Cardano network.
Today, a stablecoin called Djed launched on Cardano1. Djed is based on research that IOG published on safe algorithmic stablecoins. Stablecoins are an important part of the DeFi ecosystem, because they’re designed to maintain a stable price relative to USD (or another underlying asset). How it does this can be confusing, so this post will explain how Djed works, and allow you to explore the protocol before you try it for real.
For my first series of blog posts, I thought it would be fun to introduce my favorite piece of mathematics.