BlockchainToday News
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@Blockchaintoda
Cutting-Edge Blockchain, Macro-Economic, and DeFi News. Blockchain for Grownups Senior Editor | John Santi @RealJohnSanti
Hello everyone! Week 2 update on BlindOracle, my @gimbalabs hackathon project. Big week of progress, and I'm genuinely glad to share where it landed. github.com/bytewizard42i/… For the new folks: BlindOracle is a privacy-first guessing game on @MidnightNtwrk. You secretly hide a number AND secretly guess what number an arbitrarily assigned opponent will hide. Nobody, not the other player, not me, not even the chain, can see your move. But everyone can prove, cryptographically, that the game was fair. Update 2: This week, the foundation came together. 🃏 The smart contract logic is done. Players hide their answer AND their guess at the same time. The game won't start until enough humans have joined, and there's a built-in cap, so no one can game it by all picking the same number. 🎲 Three rooms in parallel. When you enter, you're invisibly assigned to one of three rooms; you don't know which. Your opponent always comes from your room, but you never learn the room boundary. Ai players keep each room warm until real humans show up, then quietly step aside as the game fills. Winners take 90% of the pot; the house keeps 10%. 🔮 The user interface scaffold is up. The entry experience is a custom 3D scene with a pluggable renderer, and it's accessible to screen readers and keyboard users from day one. (Most 3D-canvas UIs aren't, and that bothered me.) 🏗️ AND... I got the smart contract to compile cleanly today. All ten of the game's moves produce valid zero-knowledge-proof code. The biggest one (entering a round) generates 30KB of proof logic. The status badge on the GitHub repo just turned green. Honest update: last week I mentioned wanting to add blockfrost_io. After thinking it through, BlindOracle doesn't actually need it, Midnight already gives me everything I need. So I removed the dependency. Less is more. We will use the amazing Blockfrost API in a few of our other projects down the line. @gimbalabs @DraperDragon @midnightfdn @windsurf @OpenAI @newman5 #gimbalabs #pieceofpie #hackathon @gimbalabs
BIG SHOUTOUT TO @windsurf Occasionally, I'll send them feedback and crazy ideas, and they just sent me a gift of hundreds of dollars worth of prompt credits!!!!!!! I am so truly grateful, this will go a long way this month with my working on 3 hackathons and a book. lol Windsurf is the only reason I can hang out with all you smarties. Shot out to my amazing friends and those helping me with all this awesome stuff: @IOHK_Charles @NiGHTC412 @zbraiterman @Sages_and_Pages @LoLoCoding @olanetsoft @stevanlohja @MidnightNtwrk @midnightfdn @MidnightWhale42 @Blockchaintoda @ILikeCardano @ESCOweb3 @rvcas @Demosthenes555 @ESCOweb3 @Jennycitalinda @phil_uplc @solidsnakedev @hari_amoor @ErickRomeroEdda @eddalabs_io @nmkr_io @OpenZeppelin @GoogleCloudTech @blockfrost_io @BeatriceAnihiri @intruderPTY @BrickTowers @jackoconnorx feel free to add yourself if i missed you...
It hasn’t funded DeFi well. The vast majority of that money has gone into DeFi protocols that never even achieved a mainnet release (no fault of catalyst). DeFi protocols are responsible for nearly all of the onchain activity on Cardano, and thus all of the transaction fee revenue generated by the treasury. DeFi makes or breaks a blockchain ecosystem, if you don’t carve out a large enough share of the DeFi market to achieve sustainability then you are toast. We need to win in this market; the acquisition of all other markets depend on it. If you don’t have a sizable portion of the DeFi market, you cannot break into the enterprise market. The only exception to this is Bitcoin and competing with Bitcoin for the store-of-value market is a death sentence. We don’t have intent / solver markets on mainnet (ie. No cow swap equivalent) We don’t have liquid restaking / shared security markets (ie. No EigenLayer equivalent) We don’t have onchain insurance protocols (no nexus mutual) We don’t have flash-loan services (No AAVE flash loans; makes 99% of automated trading strategies in other ecosystems completely infeasible here) We don’t have cross-margin perp futures (no GMX) We have no blockspace supply-chain protocols. We have no programmable DEX pools (hook contracts) We have no linked savings accounts (no PoolTogether) We have no crowdfunding protocols (no juicebox) We have no token streaming protocols (no superfluid) We have no composable leverage (no Gearbox) We have no self-repaying loans (alchemix) We have a few DEXs and one serious lending protocol, and that’s it. Even if these were the best protocols in the world it wouldn’t matter, because DeFi relies on composability, on cross protocol looping strategies, on the presence of all the other defi primitives which serve as building blocks to facilitate meaningful financial activity. With just a DEX all you can do is swap; the vast majority of financial activity involves more than just trading one asset for another.
Midnight 🤝 @MoneyGram The network of federated node operators continues to grow as @MidnightNtwrk moves toward mainnet. Operating in 200+ countries and territories, MoneyGram joins as an initial federated node operator — helping explore how global payment networks can move on-chain while preserving privacy, compliance, and operational trust from day one. Their participation adds real-world payments expertise to Midnight’s launch infrastructure as the network prepares for stable early mainnet operations. 🔗 Read more about Midnight’s mainnet and federated node partners: midnight.network/blog/expanding…
Introducing Ascend, Cardano's first event perpetuals market. Trade probabilities across outcomes, crypto, stocks, metals and commodities with up to 1001x leverage. Built on Midnight for fast, private execution across Cardano, EVM + Solana. Testnet coming soon!
