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From YouTube: Cardano360 IO Scotfest Special
Description
Every month, Cardano360 brings you the latest news and feature content from across the Cardano ecosystem.
In this special edition, we take a look back at some of the key news and the best moments from our 2-day digital event IOG ScotFest, The Age of Voltaire.
A
There's
never
been
more
news,
announcements
and
progress
from
this
growing
cardano
EC
system,
with
the
iog
team
busy
with
Scott
Fest.
We've
opted
for
a
slightly
different
format
for
360
this
month,
with
the
focus
on
some
of
the
key
highlights
from
our
Edinburgh
event.
In
case
you
missed
them,
plus
some
bonus
content
too.
Our
two-day
digital
events
showcased
some
of
the
work
iog
is
developing
for
cardano
and
much
else.
Besides,
while
celebrating
the
contributions
and
projects
from
the
cardano
community,
as
we
head
into
the
age
of
Voltaire.
C
Godfest
to
me
is,
is
really
kind
of
a
coming
out
party
for
iog.
The
community
is
kind
of
having
this
real,
wonderful
Promethean
moment
where
the
community's
discovered
fire,
and
now
it's
like.
What
do
we
do
with
this?
How
do
we
protect
this,
and
how
do
we
keep
this
fire
burning
bright,
we've
teamed.
A
Scott
Fest
has
been
a
fantastic
opportunity
not
only
to
get
together
with
some
of
the
core
members
of
the
iog
team,
but
also
to
meet
some
of
the
local
community.
It's
been
a
chance
to
cement
and
to
extend
the
relationship
that
we
already
have
with
Edinburgh
University,
with
the
launching
of
a
number
of
new
Labs
hubs
and
initiatives,
we've
been
able
to
extend
a
vision
of
governance
for
the
age
of
Voltaire,
which
we're
now
entering
we've,
been
able
to
share
further
updates
and
some
announcements
about
new
products
that
iog
is
building,
including
midnight.
A
E
This
particular
point
I
think
it's
it's
a
great
time
to
see
a
lot
of
the
systems
that
we've
been
designing
and
starting
like
the
previous
years.
The
research
Hub
that
we're
launching
at
the
university
is
a
center
for
interdisciplinary
research
in
blocks
and
technology
that
aims
to
bring
researchers
from
across
the
university
to
submit
proposals
and
do
first
principles,
basic
research,
but
also
applied
research
in
the
area
of
blockchain
systems,
with
a
focus
on
the
systems
that
input
output
is
building.
B
One
of
the
things
that
I
think
is
really
interesting.
That
I
see
happening
out
in
the
world
today
is
that
we
have
the
maturation
of
the
notion
of
decentralization
and
governance.
It's
actually.
You
know
it
was
something
we
talked
about
for
the
longest
period
of
time,
but
now
we
actually
have
the
tools
to
be
able
to
go
off
and
instantiate
good
governance
systems
in
the
world.
So
the
dream
is
becoming
a
reality.
D
Let's
face
reality:
we've
seen
a
lot
of
challenges
in
the
industry,
so
we
are
recommitting
and
recognizing
that,
in
a
decentralized
ecosystem,
where
a
community
has
transparency,
has
involvement
has
the
ability
to
control
the
destiny.
These
types
of
things
that
we've
seen
happening
in
the
system
shouldn't
be
happening
anymore,
and
so
we've
been
thinking
a
lot
about.
How
can
we
help
suggest
some
additional
tools
and
methods
to
help
the
community
collaborate
and
work
together
even
better
and
Voltaire?
D
Is
the
the
Genesis
of
a
lot
of
thinking
that
we've
been
putting
into
this
and
we're
making
a
number
of
suggestions
to
the
community?
It's
not
us.
It's
dictating
this,
but
we're
making
a
number
of
suggestions.
Community
about
here
are
some
tools
and
ways
that
you
can
potentially
come
together
even
more
effectively.
So
we've
talked
about
a
members-based
organization
that
will
become
a
facilitator
or
channel
to
allow
the
community
to
aggregate
their
voice.
D
Based
upon
these
common
set
of
principles
that
the
community
collectively
has
come
together
to
implement
and
adopt,
and
so
these
are
tools
that,
as
we've
looked
at
how
blockchain
ecosystems
have
been
working,
these
are
tools
we
think
will
help
the
community
do
an
even
better
job
in
managing
their
future.
In
Destiny.
B
We
create
tools,
so
people
can
go,
do
things
with
those
tools
and
they
can
create
their
own
art,
their
own
applications,
their
own
businesses.
On
top
of
the
platforms
that
we
create
right,
I'm,
not
smart
enough
to
be
able
to
understand
all
the
problems
that
they're
having
in
the
world
that
they
want
to
go
solve
with
an
application
or
any
of
the
art
that
they
want
to
create
in
the
world.
But
what
we
do
is
we
create
the
tools
that
allow
them
to
dream.
C
We've
done
so
much
work
and
there's
so
much
more
that
we
can't
wait
to
share
and
co-create
alongside
the
community
and
I
would
encourage
everybody
to
say.
Look.
You
already
have
permission
Now
find
somebody
else
that
you
can
share
this
idea
with
Scott
fast
in
that
regard
has
just
been
a
really
fun
opportunity
to
get
together
with
my
colleagues,
my
co-workers
and
certain
members
of
the
community
and
just
take
stock
of
everything.
We've
accomplished
up
to
this
date
and
get
excited
about
everything.
That's
ahead
of
us.
A
Foreign
with
news
and
announcements
from
iog's
Edinburgh
research
team
reinforcing
our
long
commitment
to
advancing
blockchain
industry
standards
more
on
that
next,
but
first,
let's
start
with
Charles's
keynote
which
set
the
tone
for
the
event.
He
talked
about
the
cardano
journey
so
far,
and
the
importance
of
Open
Source
community-driven
development
for
the
future
and
even
announced
a
new
cardano
sidechain
midnight
now
in
development.
F
Hi
everybody
good
to
be
here,
you
know
six
years
ago
we
started
a
journey
together
here
with
the
University
of
Edinburgh.
We
set
up
a
lab.
It
was
a
very
small
lab.
It
was
just
a
quarter
million
dollars,
but
it
was
a
major
commitment
because
when
we
looked
at
cardano
and
what
cardano
would
require,
which
at
the
time
was
just
a
dream,
it
required
deep
research,
an
unreasonable
amount
of
research.
It
required
us
to
think
about
new
ways
of
doing
consensus.
F
It
required
us
to
invent
an
entirely
new
accounting
model
to
write
our
own
programming
languages,
or
at
least
variations
of
ones
that
existed
before.
It
required
us
to
think
about
governance.
Interoperability,
we're
going
to
talk
about
Voltaire
first,
because
that's
the
title
of
the
talk
age
of
Voltaire.
So,
first
off
we
have
this
idea
of
representation.
F
The
Bedrock
of
all
governance
really
stems
from
this
first
property.
If
something
bad
happens,
were
you
consented?
Did
you
approve
it?
Were
you
involved
in
it?
Or
did
it
just
happen
to
you?
So?
First
we
need
representation
and
consent,
so
we
released
a
sip
today,
sip
1694.,
so
we
introduced
this
concept
of
a
d-rep,
a
delegated
representative,
and,
what's
so
cool
is
that
people
like
they
do
a
SPO
registering
an
SPO
can
register
as
a
direct
people
can
delegate
to
them
and
then
they
can
vote
on.
On-Chain
updates.
F
All
right,
that's
something
interesting.
So
this
is
just
the
beginning.
Sip
1694
is
open
for
debate
and
that's
a
good
thing.
The
people
who
participate
in
that
process
we're
going
to
Rally
them
up
form
a
posse
and
then
we're
going
to
drag
them
into
a
workshop
in
q1.
Talk
it
out
and
get
this
sip
ratified
as
quickly
as
we
can
number
two.
You
need
some
rules.
F
Usually
we
call
this
a
constitution
so
next
year
we're
going
to
do
the
same
thing.
We
did
with
SIP
1694.
we're
going
to
write
down
I'll
call
it
the
Sip
Constitution
for
lack
of
a
better
term.
Some
ideas
talk
to
you
guys
and
see
if
you
like
them,
don't
like
them
and
then
we'll
just
keep
going
and
workshop
it
out
until
eventually
we
get
to
something
that
people
could
live
for
now.
Number
three:
you
need
institutions.
F
Well,
institutions
are
things
we
construct
to
deal
with
complexity,
not
many
people
floating
around
are
cryptographers
or
game
theorists.
They
certainly
exist,
but
you
notice
something
is
that
they
tend
to
build
institutions,
formal
societies,
they
peer
review
process,
licensures,
certifications
credentials.
Why?
Because
what
they're
doing
is
they're
trying
to
say
there's
a
standard?
You
cannot
have
good
governance.
F
If
you
don't
have
good
institutions,
you
can
have
a
great
Constitution,
but
if
nobody
truly
understands
what
freedom
of
speech
or
religion
or
any
of
these
things
are
who's
there
to
interpret
it,
that's
the
thing
IO
is
not
running
the
show
guys
we
haven't
been
for
a
long
time.
So
what
does
this
mean?
F
F
3
200
stake
pools:
53
million
transactions,
probably
over
a
trillion
dollars
of
value
when
you
sum
up
all
of
them,
and
3.6
million
wallets
so
I'm
willing
to
wager
that
some
subset
of
this
Army
is
going
to
look
at
the
things
that
I've
written
on
this
whiteboard
as
they
did
in
2017.
When
I
did
my
first
Whiteboard
video
and
say
you
know
what
I
think.
That's
a
pretty
interesting
idea:
I,
like
algorithmic
law.
Let's
talk
about
that,
you
know
what
I
like
voting.
Let
me
look
at
1694..
F
You
know
what
I
like
institutions,
let's
talk
about,
what
makes
a
good
one
versus
a
bad
one,
what
what
is
good
governance?
What
is
bad
governance?
Humans
are
really
really
bad
at
being
honest
and
being
credible
and
moral.
It's
why
blockchains
exist.
This
is
why
this
technology
is
so
incredibly
interesting
because,
at
the
end
of
the
day,
cardano
is
not
about
just
serving
its
own
needs.
It's
about
changing
the
world,
and
when
we
say
we
want
to
be
the
financial
operating
system
for
the
millions
who
don't
have
it.
F
When
we
say
we
want
to
change
everything.
What
we're
actually
saying
is
we
just
want
the
world
to
be
more
honest,
we
want
the
world
to
be
more
egalitarian.
We
want
people
to
trust
each
other
again,
no
matter
how
strong
the
institution
may
be,
no
matter
how
credible
it
could
be,
how
credentialed
it
could
be
you're
one
or
two
bad
decisions
away,
one
or
two
Black
Swan
events
away
from
it
to
come
crumbling
down.
F
So
the
point
is
that:
can
we
replace
institutions
or
augment
institutions
with
some
blockchain
technology,
so
it
won't
be
evil
shouldn't
be
evil,
don't
be
evil
turns
it
to
can't
be
evil
that
we
can
trust
them.
Absolutely
that's
why
we
started
the
zero
knowledge
lab,
amongst
other
reasons,
because
we
wanted
to
have
objects.
That
explicitly
did
that.
So
that's
Voltaire,
steeply
philosophical,
it's
the
hardest
thing
I've
ever
done
in
my
life.
F
A
Research
has
long
been
Central
to
iog's
methodology,
providing
the
evidence-based
and
peer-reviewed
foundations
for
cardano.
We
kicked
off
scott
fest
with
the
news
that,
alongside
a
4.5
million
endowment
iog
is
establishing
a
new
multi-disciplinary
research
Hub
at
the
University
of
Edinburgh
to
accelerate
the
development
of
blockchain
Technology
iog's
Chief,
scientist
Professor
aglos
Kias
and
his
colleagues
also
announced
the
Edinburgh
decentralization
index
and
the
launch
of
the
xero
knowledge
lab,
bringing
transparency
and
fueling
fresh
Innovation
for
the
entire
space.
The
research
announcements
follow
a
long
list
of
academic
initiatives.
A
Iog
is
established
with
leading
institutions
like
Stanford
University,
the
University
of
Wyoming
Carnegie,
Mellon
University,
the
Tokyo
institute's
technology,
University
of
Athens
and
the
University
of
Connecticut.
Just
to
name
a
few.
You
can
check
out
more
information
about
iog's
research
library
on
our
website
and
we'll
include
the
link
below.
E
What
we're
talking
here
is
about
an
information
technology
infrastructure
that
aims
to
serve
society
as
a
whole,
and
it's
clear
it
has
become
clear.
It
has
become
Crystal
Clear,
even
in
a
painful
way
over
the
last
few
decades
that
it
is
possible
to
build
computer
systems
that
actually,
even
if
they
come
with
the
best
intentions,
They,
don't
serve
Society
in
the
best
possible
way.
The
vision
and
objectives
of
the
I
o
research
Hub
is
to
promote
interdisciplinary
research
in
blockchain
technology.
E
The
idea
is
to
enable
researchers
of
different
backgrounds
to
develop
a
Common,
Language
and
understanding
and
give
opportunities,
quite
importantly,
to
research
areas
that
are
not
usually
engaged
in
funded
research
related
to
blockchain
systems
and
contribute
meaningfully
to
research
and
development.
In
that
space,
key
outputs
of
This
research
will
be
always
open
and
open
source.
There
will
be
no
intellectual
property
and
everything
that
will
be
developed
will
be
made
publicly
available
for
everyone
to
use
and
develop
on
this.
F
Is
a
process
where
we
can
admit
our
mistakes
grow
together
and
learn
together
and
Build
Together
the
Stanford
model
is
really
cool
and
that
it
engages
and
activates
the
entire
University,
so
you
can
be
top
down
or
bottom
up
when
we
began.
We
were
top
down
here.
It's
bottom
up
in
that
people
who
are
part
of
the
Edinburgh
Community
can
now
come
to
the
steering
committee,
which
is
truly
multi-disciplinary.
G
Our
age
is
an
age
where
power
knowledge
in
is
intricately
in
the
link
and
privacy
is
kind
of
in
a
very
basic
goal.
It's
kind
of
it
seems
to
be
slipping
away,
but
we
we
kind
of
have
a
feeling
that
democracy
depends
on
it,
that
we
yeah
that
in
order
to
have
meaningful
elections,
we
have
to
have
the
Privacy
to
be
not
kind
of
influenced
by
social
media
targeted
with
with
with
bubbles
in
which
we
kind
of
almost
cannot
think
free
thoughts
anymore.
G
So
it's
it's
important
to
have
privacy,
so
knowledge
is
power.
Protecting
our
knowledge
is
a
tool
against
the
abuse
of
power,
so
see
your
knowledge,
proofs
and
other
Advanced
cryptographic.
Particles
such
as
multi-party
computation
can
be,
can
be
the
tool
so
in
this
human
take
onto
your
knowledge.
In
all
these
technical
slides,
we
had
parties
that
are
equal,
the
pover
and
the
verifier,
the
different
parties
in
the
multi-party
computation
particle.
They
were
equal
in
the
real
world.
We
kind
of
often
interacting
with
institutions
we're
interacting
with
the
cloud.
G
There
is
little
transparency,
little
accountability
of
those
organizations,
but
a
lot
of
transparency
of
us.
So
they
have
a
lot
of
information,
a
lot
of
data
about
us,
so
there's
a
lot
to
fight
for
and
protect.
So
we
often
see
the
world
as
something
that
is
kind
of
them,
or
some
big
ass,
like
some
kind
of
uber
ego.
But
it's
really.
What
we
create
is
up
to
us
to
create
this
and
interact
with
the
world.
E
Decentralization
is
at
the
heart
of
this
information
technology
advance
that
is
blockchain
technology
I
mean
death.
Centralization
is
something
that
characterizes
it
and
it's
what
is
being
called
the
real
distinguishing
Factor
when
the
system
centralizes
a
single
point
of
value
emerges-
and
this
can
be
quite
critical-
so
how
to
understand
these
single
points
of
failure?
Just
imagine
about
this
example,
which
I'm
sure
you
all
know
you
take
the
effort
to
build
a
spaceship.
The
spaceship
is
as
big
as
a
whole
planet.
E
E
Catastrophic
failures,
however,
and
that's
very
important
to
think
about
it
from
the
perspective
that
we're
sitting
that
decentralization
and
single
points
of
failures
can
translate
to
many
different
things.
It's
not
just
catastrophic
failures
of
that
level,
but
also
catastrophic
failures
for
other
properties
that
we
care,
such
as
censorship
or.
H
Privacy
in
the
Edinburgh
decentralization
index,
what
we're
trying
to
do
is
not
ask
the
people
involved
in
the
blockchain
system.
How
much
power
do
you
have
how
much
hessing
power
do
you
have
how
much
coins
do
you
have
because
actually,
with
blockchain
Technologies
there's
a
transparency?
That
means
we
can
measure
these
things
directly,
so
we're
no
longer
relying
on
self-reported
data.
We
can
look
directly
to
the
blockchain
and
quantify
some
of
these
things
by
collecting
primary
data.
So.
I
Following
our
initial
research,
what
the
plan
is
is
to
produce
the
methodology
for
evaluating
what
decentralization
means
in
these
systems,
and
then
we
want
to
develop
the
framework
to
evaluate
this
methodology.
You
want
to
write
the
code
that
gets
the
data
analyzes
it
and
outputs
the
metrics
and
after
we
do
that,
what
we
want
to
do
is
we
want
to
release
it
to
the
world.
We
want
to
make
the
code
open
source.
A
B
So
web
2
brought
us
a
really
interesting
and
new
set
of
capabilities
that
we
never
had
before.
We
were
able
to
collaborate,
interact
and
transact
with
people
and
institutions
that
we
were
not
able
to
in
ways
we
were
not
able
to
before
the
downside
of
doing.
That,
though,
was
we
had
to
give
up
our
personal
information
to
be
able
to
do
that
in
many
ways
we
had
to
basically
turn
over
everything
about
us
to
some
entity
someplace
in
order
to
be
able
to
operate.
B
B
When
we
get
to
the
web
3
world,
we
actually
have
two
different
kinds
of
solutions.
We
have
one
solution,
that's
trustless,
which
basically
doesn't
really
hide
your
transactions
in
any
way,
so
your
transactions
are
public
you're
only
masked
by
an
address
or
something
like
that,
but
it's
not
too
hard
to
be
able
to,
in
many
cases
be
able
to
track
you
back
to
who
you
actually
are,
or
we
have
complete
anonymity
Solutions,
where
everything
is
completely
dark
and
nobody
can
know
anything
about
you
and
I.
B
Don't
know
anything
about
anybody
else,
so
I'm
not
able
to
have
confidence
that
I'm
transacting
business
and
or
collaborating
with
people
who
I
know
or
people
who
I
trust
right.
This
is
where
midnight
comes
in,
so
what's
midnight
midnight,
it
allows
developers
to
create
daps
that
allow
users
to
protect
their
own
information
to
keep
their
information
on
their
own
systems,
don't
have
to
share
it.
All
they
do
is
share
assertions
about
their
personal
data.
B
Those
assertions
are
based
can
be
based
on
things
like
kyc
information
and
others,
so
that
the
person
on
the
other
side
of
the
transaction
can
have
confidence
that
those
assertions
are
correct.
It
also
leverages
cardano,
so
it
leverages
things
like
the
security
and
robustness
of
cardano
and
the
decentralization
of
cardano,
but
it
extends
that
trustless
ecosystem
by
using
zero
knowledge,
cryptography
and
confidential
computation
to
be
able
to
ensure
that
users
personal
data
is
protected
because
they
own
it.
So
what
does
this
mean
for
developers?
B
What
it
means
is
developers
can
easily
write
daps
that
don't
require
their
users
to
share
personal
information.
It
allows
people
to
maintain
autonomy
over
their
own
data,
so
they
own
it
and
have
sovereignty
over
it
and
it
allows
people
to
connect
collaborate
and
transact
in
a
way
that
is
confidential.
B
Now,
of
course,
it's
sustainable
because
it's
built
for
developers.
There
are
a
lot
of
interesting
development
tools,
developer
tools
that
come
with
it
and
it
depends
on
cardano
and
gets
a
lot
of
goodness
that
you
come
to
expect
from
cardano
there's
a
basic
philosophy
to
midnight.
We
believe
that
these
three
freedoms
are
really
essential
to
having
a
vibrant
blockchain
enabled
world
one
is
freedom
of
Association,
so
you
can
collaborate
with
people
based
on
rules
that
they
that
are
set
by
the
community
itself.
B
Another
is
freedom
of
Commerce,
exchanging
value
in
a
confidential
way
that
is,
regulatory
friendly,
there's
no
back
doors
in
Midnight,
there's
nothing
in
the
chain
that
says
that
there
is
the
ability
to
for
some
random
person
to
just
get
in
and
understand
everything
that's
happening
now.
What
this
does
and
the
the
thing
that's
really
important
about
this
is:
it
allows
people
on
a
blockchain
to
actually
integrate
with
the
wide
world
of
services
that
are
out
there
today,
and
it
helps
pull
them
toward
a
web
3
world.
B
Without
this,
when
are
you
going
to
be
able
to
work
with
a
bank
that
has
to
respond
to
regulatory
pressures?
When
will
you
be
able
to
work
with
an
institution
that
is
even
a
supply
chain,
for
example,
or
an
Enterprise
application
where
there
there
is
strict
regulatory
authority
over
the
actions
in
that
Network?
B
Without
that,
and
without
the
freedom
to
have
regulatory
friendly
transactions
on
the
Chain,
you
won't
be
able
to
actually
pull
the
rest
of
the
world
toward
web3
and
the
last
one
is
freedom
of
expression.
Now,
there's
some
interesting
portions
about
this.
You
can
candidly
and
openly
share
content.
Let's
take
the
case
of
a
whistleblower
somebody
who
found
something
nefarious
happening
at
a
company
that
they
work,
for,
they
will
be
able
to
publish
information
through
their
lawyer
without
having
the
the
fear
of
having
retribution
right.
That's
a
positive
use
case
for
this.
B
So
there
are
other
ways
that
you
could
use
this,
but
there
are
a
lot
of
things
that
are
really
necessary
to
allow
people
to
express
the
information
in
an
open
manner
without
fear
of
that
censorship.
So
it
can't
be
changed,
but
it
also
May
Shield
you
from
retribution
okay.
So
there
are
a
lot
of
advantages
to
midnight.
You
can
selectively
disclose
your
information.
If
you
choose
to,
if
you
don't
choose
to,
you,
can
have
complete
confidentiality,
it's
easy
to
develop.
Our
first
libraries
are
in
typescript,
so
typescript
would
be.
B
You
know
it's
a
very
popular
programming
language
you'll
be
able
to
create
smart
contracts
and
applications
with
typescript.
There's
also
a
lot
of
developer
tools
that
come
with
us.
A
pretty
interesting
developer
tools,
it's
secure.
It
inherits
the
security
Etc
from
cardano,
as
I've
already
said,
and,
of
course,
it's
regulatory
friendly
because
of
the
ability
to
create
viewing
keys.
They
are
not
back
doors.
Midnight
also
has
kyc
friendly
on-ramps
as
well.
A
Now,
as
many
of
you
will
know,
iog
has
long
been
committed
to
working
in
Africa
to
build
digital
identity
and
realify
solutions.
John
O'connor
hosted
a
panel
featuring
some
of
the
projects
looking
to
make
a
difference
on
the
continent
and
unify
life,
world
mobile
and
in
power
and
you'll
find
that
in
the
Scott
Fest
playlist.
Today,
though,
we're
delighted
to
preview
a
brand
new
film
about
some
of
the
initiatives
in
Africa
looking
to
connect
the
unconnected
Bank
the
unbanked
and
make
a
real
difference
to
people's
lives.
K
L
J
One
of
the
ways
that
blockchain
technology
can
help
African
nations
LeapFrog
is
by
reducing
the
cost
of
building
institutions
and
Trust.
The
promise
of
blockchain
is
to
enable
people
to
do
this
in
a
self-organized
way
that
enables
them
to
build
their
own
institutions.
So
real
far
is
about
connecting
up
cryptocurrency
liquidity
to
real
world
asset
classes.
It's
about
bringing
Capital
markets
on
chain,
foreign.
K
Operating
system
that
allows
small
and
medium
businesses
that
cannot
be
able
to
access
Credit
from
Banks
and
other
traditional
players
to
be
included
for
the
first
time
ever.
Poor
operating
system
that
is
simple,
are
fast
and
allows
us
to
collaborate
with
other
players
in
the
market.
Realfi
allows
us
to
uncover
business
to
the
future.
We
can
dream
of
1
million
smes.
M
K
Cardano
does
is
bring
decentralized
Finance
on
the
table,
which
brings
in
a
lot
of
opportunities
to
open
up
our
infrastructure,
but
also
to
start
building
additional
products
on
top
of
these
rails.
That
we've
already
set
as
a
business.
We're
now
able
to
do
that
within
one
source
of
Truth,
and
this
journey
doesn't
have
an
ending.
M
J
A
The
age
of
Voltaire
will
continue
the
transformation
of
the
cardalo
network
to
a
self-sustaining
system,
defining
the
foundational
standards
for
community-driven
governance
in
blockchain
technology.
We
heard
from
iog's
constellation
program,
director,
Johnny
Newan
and
product
manager,
Michael
Madoff
on
the
age
of
Voltaire
and
creating
a
new
members-based
organization,
as
well
as
taking
some
questions.
Charles
also
sat
down
with
iog
Chief
legal
officer,
Joel
teltner,
to
explore
the
next
steps
in
the
creation
of
an
MBO,
particularly
around
the
drafting
of
a
new
constitution.
O
We
have
to
balance
being
open
and
inclusive
while
maintaining
security
and
checks
and
balances.
So
taking
these
first
steps
towards
Voltaire,
there
were
three
key
principles:
the
first
one
Democratic
consent
ensuring
that
everything
we
do
has
legitimacy
in
the
eyes
of
the
Ada
holder
community,
the
second
being
institutions.
There
are
physical
institutions
like
companies
that
are
led
by
people,
and
then
there
are
soft
power
institutions,
Norms
conventions,
standards
that
that
we
all
agree
on
and
and
live
by
and
then
finally,
leadership.
O
Voltaire
is
the
next
stage
in
the
continued
and
growing
involvement
of
the
community
in
the
governance
and
oversight
of
the
cardano
ecosystem,
we're
showing
the
world
what
is
possible
by
setting
the
standard
for
decentralized
governance
in
in
blockchain
and
hopefully
Beyond
in
The
Wider
World,
setting
that
example
of
how
people
can
really
work
together.
I'm
going
to
talk
to
you
now
about
one
components:
on-chain
governance,
as
well
as
liquid
democracy,
It's,
a
combination
of
on-chain
and
off-chain
processes.
We
have
this
idea
that
anyone
can
post
a
transaction.
O
That
is
a
proposal
to
change
the
cardinal
blockchain.
Next,
we
imagine
the
MBO
is
going
to
conduct
some
kind
of
review
to
do
technical
analysis,
understanding
the
impact
and
the
feasibility
of
what's
being
proposed.
But
importantly,
it
doesn't
have
the
power
to
veto
any
proposal
merely
making
a
recommendation.
O
Next,
we'll
have
a
ratification
stage
by
a
constitutional
committee
which
will
talk
about
in
more
detail
coming
up
and
then
in
the
event
of
a
hard
fork
and
getting
back
to
this
principle
of
security
and
and
checks
and
balances.
For
these
consequential
decisions,
the
state
pool
operators
will
have
the
chance
to
have
their
say
as
well
and
then,
finally,
once
through
all
those
stages,
we'll
move
through
to
enactment
on
chain
automatically
by
the
protocol
and
then
a
later
stage
will
introduce
this
concept
of
liquid
democracy
and
and
I
wish.
O
C
So,
in
order
for
us
to
determine
and
achieve
some
level
of
social
consensus,
we
have
to
have
a
vision
for
how
we're
going
to
bring
the
community
together.
The
vision
for
the
cardano
MBO
is
to
serve
as
the
aggregation
point
of
the
entire
cardano
community
and
its
members.
First,
let's
look
at
the
entire
cardano
Community.
The
cardano
community
is
diverse
spans
all
over
the
world
and
I
think
we
need
to
capture
the
essence
of
that
entire
cardano
community.
C
The
MBO
aims
to
uncover
the
community's
pains
and
desires
and
to
facilitate
the
community
arriving
at
those
conclusions
of
its
own
volusion
time
and
time
again.
The
qurano
community
has
proven
that
all
of
us
are
smarter
than
one
of
us.
Without
them,
there
is
nothing
to
gather
around.
There
is
no
cardano,
so
these
projects
form
the
foundation.
The
Bedrock
of
what
is
true
and
good
about
cardano.
D
D
It
establishes
how
you
administer
and
establishes
how
you
adjudicate
it,
creates
this
framework
for
those
three
functions.
So
let's
contrast
that,
with
the
typical
corporate
structure
the
corporation,
this
is
a
very
centralized
top-down
approach.
In
contrast,
what
if
we
don't
have
that
corporate
structure?
D
So
why
do
we
even
need
a
constitution?
Well,
we've
seen
how
blockchains
govern
themselves.
It's
not
not
bad,
it's
not
bad,
but
there's
always
room
for
some
improvement.
What
if
we
could
take
the
fact
that
we've
got
this
decentralized
world
already
and
we've
got
those
three
branches
in
Effective
Government
already
operating
on
a
blockchain.
All
of
us
I
think
would
agree,
that's
incredibly
important
to
make
sure
that
it's
an
inclusive
Network,
that
it
is
an
empowering
Network
that
it
brings
opportunities
to
the
world
and
all
those
people
that
have
been
disfranchised
historically.
D
So
what
if
we
can
embody
those
principles
and
Concepts
in
a
constitutional
framework,
so
that
everything
the
community
does
going
forward,
agrees
that
those
principles
of
empowerment,
of
decentralized
participation,
of
enfranchising,
those
that
have
been
disfranchised
or
always
respected
in
everything
we
do.
That
is
where
the
Constitution
can
come
into
play.
Ideally,
it'd
be
great.
A
Input
endorsers
represent
the
next
generation
of
oroborus,
the
underpinning
of
cardano's
proof
of
State
Network,
enabling
higher
transaction
throughput
and
significantly
increasing
speed,
while
reducing
costs.
Dr
Ben,
Beckman,
director
of
architecture
and
infrastructure
at
iog
gave
an
update
and
invited
the
community
to
contribute
to
a
new
sip.
P
P
It
maintains
the
same
level
of
security
while
performing
this,
and
the
increased
parallelism
allows
us
to
use
more
resources,
as
I
mentioned,
to
support
more
transactions.
So
what
does
this
add
to
the
Cardinal
ecosystem?
It
increases
their
transaction
volume
in
a
third
generation
layer.
One
now
that
we
will
have
an
underlying
system
that
can
consume
more
transactions
at
layer,
one
you
can
put
applications
on
it
that
actually
need
more.
P
So
let
me
just
reiterate
some
of
the
main
benefits
so
you're
going
to
get
more
transactions
available
through
the
system
by
us,
using
more
resources,
you're
going
to
be
able
you're
going
to
have
improvements
that
are
delivered
to
you
in
the
way
that
you
get
them
delivered
today.
So
they're
just
going
to
show
up
delivered
through
the
spos,
and
so
the
sbos
can
take
advantage
of
that,
and
so
can
our
users.
P
It
uses
improved
utilization
of
resources
across
the
board,
so
we'll
use
network
resources
use
more
of
those.
We
use
computational
resources,
we'll
use
more
of
those
which
will
actually
give
us
a
valve
or
we'll
be
able
to
turn
the
system
up
to
various
feeds.
You
know
appropriate
to
what
our
community
needs.
P
A
Reading
I
promise,
that's
pretty
much
it
for
November
and,
in
fact,
we'll
be
taking
a
holiday
season
pause
from
the
show
in
December.
But
don't
worry,
there'll
be
more
content
coming
your
way
in
the
run-up
to
the
new
year,
including
an
exclusive
long-form
interview
between
Charles
and
Professor
aglos
Kias,
our
chief
scientist
recorded
during
the
Edinburgh
event,
plus
more
from
some
of
the
folks
building
on
cardano,
so
don't
forget
to
subscribe
and
click
that
Bell
to
keep
up
with
all
our
news.
A
I
owe
Scott
Fest,
and
the
cardano
summit
was
all
about
celebrating
the
development
of
the
cardano
ecosystem
and
how
far
we've
come
in
particular,
they
were
about
you,
the
people
and
projects
already
building
out
this
incredible
community.
So
we
thought
it
was
fitting
to
play
out
the
show.
With
this
a
short
film
we
captured
at
the
recent
rare
Bloom
event.
Now
the
interviews
may
have
been
captured
in
October,
but
the
sentiment
and
the
passion
remains
very
much
the
same
thanks
as
ever
for
joining
us
and
we'll
see
you
in
2023.
Q
My
name
is
Janet
Adams
I'm,
the
Chief
Operating
Officer
of
Singularity
net
and
I'm.
Here
today,
on
Singularity
street,
with
a
bunch
of
our
amazing
cool
projects,
we've
got
new
net,
we've
got
Singularity
Dao,
we've
got
hyper
cycle,
we've
got
Singularity
nurse.
Our
mission
is
a
beneficial
decentralized
Singularity
for
the
benefit
of
all
Humanity.
We're
really.
S
T
U
V
W
Building
a
decentralized
music
ecosystem
inside
the
ecosystem,
we're
going
to
do
a
couple
of
things,
we're
doing
decentralized
streaming,
we're
doing
direct
tipping
through
micropayments
to
artists.
We
also
have
a
governance
mechanism,
we're
doing
ticketing
for
in
real
life
events
as
well
as
metaverse
events,
and
then
the
biggest
thing
that
I
think
is
pretty
revolutionary
is
we're
doing
fractionalization
of
Ip
rights.
The
first
fractionalized
IP
rights
of
streaming
royalties
has
ever
been
Donna
cardano.
We.
X
Are
looking
to
offer
a
number
of
different
coordination
tools
for
Dows
and
communities
that
are
looking
to
to
sort
of
manage
their
communities
in
a
decentralized
way
being
one
of
the
primary
developers?
I
I.
Don't
have
a
whole
lot
of
time
to
do
that
stuff
at
the
conventions,
but
really
happy
to
be
here.
Y
Mlabs
is
a
development
company
building
and
auditing
smart
contracts
across
the
cardano
ecosystem
and
we
build
protocols.
So,
if
you're
looking
at
building
anything
from
an
nft
Marketplace
to
a
D5
protocol,
we
can
help
you
with
Staffing
ramp
up
and
ramp
down.
We
can
help
you
with
architecture,
product
ideation
or
at
the
end
of
the
process.
We
can
help
you
with
an
audit
as
well.