Cardano Summit 2021: Debrief
As the dust settles from a wonderful eventful weekend, I am writing a few thoughts and some key points to take away from the Summit. I was one of the lucky people to attend the live event in Laramie, Wyoming and meet Charles Hoskinson CEO of IOG and Jerry Frangiskatos CCO of IOG, among other great people. The energy of the people was tremendous and positive. Even though there was no attendance fee or payment of any kind required, they provided everything free of charge, proving that the founding company IOHK/IOG cares about the community deeply. Lunch was provided both days, there were concerts on both days with free beers, as well as a T-shirt, a hat and a water canister with the Summit’s logo.
Key takeaways:
- Hydra, a layer 2 scalability solution is on its way. ETA about 1 year. Transaction fees will be almost zero.
- Lightweight wallet: a solution to the blockchain database growth, where one can have the full security of the system with a portion of the database. Coming up, ETA about 6 months.
- dApp store, with certification for apps that comply, without limiting non-compliant ones though.
- Partnership with DISH, a fortune 250 company and Internet service provider, with a lead in 5G networks.
- Partnership with Singularity NET. Ben Goertzel, Singularity’s CEO was present, and announced that they are migrating to Cardano’s ecosystem from Ethereum’s for AGIX, their token. (Migrating from only ethereum based AGI to cross platform AGIX) They presented Grace, an AI Robot designed to provide healthcare to elderly people. She/it will be connected to the Cardano network.
- Collaboration with Chainlink, a blockchain to real-world connection through oracles. Necessary for smart contracts.
- Coti will issue the first algorithmic stable coin Djed on Cardano’s network
- SundaeSwap will release their Cardano based DEX in October or November.
- Atala Prism presented their DID (digital identity) solution, the blockchain based identification.
- As this crypto bull run is dominated by the rise of NFTs, the signs started appearing that the next bull run will be involving interoperabilty, or communication between blockchains.
- We need to slow down on developing new technologies and circle back on improving foundations and processes, so that the governments can comprehend and adapt to the new reality.
All in all it was a tremendous experience, with a lot of new information being disseminated. I am so excited, thankful and humble to be part of this incredible community.
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