2.0

We are building infrastructure where rights and access need to be verifiable but the underlying data can't be fully public. Real product, real traction, real revenue - not a whitepaper. The technical challenge is architectural: what lives onchain vs offchain, how to model non-trivial logic in smart contracts beyond simple token/NFT patterns, how to design privacy models with selective disclosure and proofs and how to build for M2M interactions, not just user facing flows. Cardano/Midnight is interesting to us because of the determinism + native privacy angle. We are doing serious due diligence on the stack right now and looking for the right people to have this conversation with. Less "generic smart contract dev", more architect who understands privacy, verification and the boundaries between what should be provable and what should remain hidden. Early enough that the right person can help shape the scope. Having been deep in the Cardano community for 8+ years I have some idea of where the talented builders are. I will tag a few of you below, but if you know someone who should be part of this conversation, please point them this way. @BeRewt @dori_coin @Quantumplation @phil_uplc @Padierfind @NaVi_GaT0R @MidnightNtwrk @Cardano Happy to go deeper 1:1 under NDA for the full picture. DMs open. "We shape our tools, and thereafter our tools shape us."

The differentiating factors between eUTXO and other models shouldn't be neglected. Enterprise robustness is going to be a massive edge for the Cardano/Midnight stack the next decade. The speed of partnerships and initiatives since launch already shows strong momentum. Imo the Midnight case looks really solid.

Midnight needs to get pushed out to other chains asap if it wants to stay ahead of the game. Stablecoin payments on polygon are now private.

@Power2theEdge @IOHK_Charles I am saying this part is pure politics and you know how that goes.. turmoil is to be expected and imo also necessar, to eventually make it through to the other end.

@amv1981 @IOHK_Charles Are you saying humans and emotions are impossible to be researched?

I am getting insanely tired of hearing a false narrative that we abandoned scaling in favor of governance. There was continuous effort and work from before even Shelley on scaling (for example eprint.iacr.org/2018/1119.pdf) It was an enormously challenging problem that we relentlessly attacked from many different angles including L2 innovations, a brand new accounting model- eutxo- zero knowledge ideas, partnerchains, and capstoning with Leios. Many of these ideas required deep r&d and original publications. This cannot be made faster by throwing more people at it. It's research. In the meantime while the research was being done, we implemented Voltaire because it unlocks the treasury for the entire community to use thereby making Cardano stronger and also scaling will require many parameter changes we cannot unilaterally make. No one was pulled from scaling research and development. There were dozens of scientists and engineers brainstorming and prototyping for years. A semi-centralized and not secure halfway house could have been implemented that crashed all the time like other blockchains. Or we could do it right like we've always done things with the Cardano ecosystem. We chose the latter. We now have a full design for Leios, Peras, and a great L2 strategy. They are elegant and future proof. We now have the best scaling strategy in the entire cryptocurrency space. That's what the time bought us. Implementing Voltaire means that every single one of you has a voice and vote on when and how to turn that on. You also exercised that vote and voice on a desire for a multi-client ecosystem. So it's going to be turned on multiple times by independent teams. That's the point of governance. Critics somehow argue that we should have just made a mad rush for scalability, robbed everybody of a voice, and somehow we would be ahead today. What that means in practice is none of you would be dreps, there would no constitution, no constitutional committee, you would have no say when and how we upgrade the network, you would have no say on client diversity, there would be no legitimate members-based organizations, we would have no legitimate- community endorsed- road map, and over a billion Ada would be locked for no one to use. The very fact that Bitcoin is having an issue trying to figure out whether to steal Satoshi's money for the "greater good" (BIP361) or just simply let someone else steal it (BIP360) is the single greatest endorsement of the value of governance. It's going to literally break their ecosystem into two halves and cause catastrophic economic harm. We will completely sidestep this issue thanks to governance.

@Power2theEdge @IOHK_Charles The challenges with governance are what we are experiencing now, and they cannot be mitigated with research but by trial and error. Too many human emotions are involved.

@IOHK_Charles Why didn’t governance, which you’ve stated so many times is the most challenging of the 5 pillars of the roadmap get anywhere near the research effort that scaling did?

@IOHK_Charles 👑

@goofy_crisp Happy bday. Was one of them 449 peeps ❤️🎉

3 years ago, we launched the $SNEK presale. It raised 113k ADA from 449 participants, far more than I expected. The rest is history. I never thought I’d leave my 7-year engineering career to build a brand and community, but looking back, it was one of the best decisions I’ve ever made. Since then, we’ve met incredible people, traveled across the world, and built something far bigger than a token. We’ve built one of the best communities in the entire crypto space, and I truly believe the best is still ahead of us. Happy birthday to Snek, and here’s to many more.

Hydra v2 (alpha) is here! This release simplifies the Hydra Head protocol by removing the commit phase entirely: heads now open directly, and funds are added incrementally via deposits. This eliminates collectCom and abort transactions, resolves the long-standing "non-abortable head" issue, and reduces lifecycle costs for most use cases. More details: github.com/cardano-scalin… Please try it out and give us feedback!

@phil_uplc Very cool

This is a beast of a collaboration / announcement.

@ChainLinkGod Banger 💀🤣

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

This is also where Cardano stands out. Cardano doesn't have restaking protocols like KelpDAO. It doesn't need a liquid wrapping layer like Lido, which means it doesn't need tokens like $stETH that come with depegging risk baked in. In other words, a whole category of unnecessary risk simply doesn't exist. Inefficient structures force you to stack complex layers on top just to make them work. And complex, interconnected structures inevitably carry more attack surfaces, which ripple across the entire ecosystem and carry massive collapse risk. I think the biggest risk in the Ethereum ecosystem is the layers upon layers of LST and LRT stacked on top of each other, along with the DeFi markets tied to them. With AI making attacks more sophisticated and precise than ever, this is a house of cards waiting to fall. Look at Terra. People always underestimate this kind of risk until it actually blows up. What matters is that the risk doesn't exist in the first place. On Cardano, LST and LRT simply don't need to exist structurally.

@everstake_pool @Cardano 💯

Cardano has proven itself as one of the most resilient and well-designed blockchain ecosystems in the industry. A focus on decentralization, stability, and long-term development continues to define its trajectory. We’re excited and proud to support @Cardano and everything being built around it. This is only the beginning! Big thanks to @Cardanians_io for the awesome video!

@nikitabier $ADA

𝕏 has always been the best source of financial news for traders and investors. Billions of dollars are allocated every day based on what people read on Timeline. Today we're launching our new Cashtags feature in the US and Canada on iPhone, bringing real-time financial data to X. Here's how it works: 1. When you search for or post a cashtag (or contract address), X will automatically suggest matching stocks or crypto tokens, so you can select the exact asset you had in mind. 2. Anyone who taps a Cashtag will see posts mentioning it along with its price chart—without ever leaving X. This ensures that you're always matched to the chatter for the right stock or token. Cashtags are just the first step in our commitment to be the best destination for the finance and crypto community.

@VaclavJanecek1 Adjacent space yes, but only via some specific touch points. Happy to go deeper in DMs if you are curious.

@amv1981 It’s something similar to this?

We are building infrastructure where rights and access need to be verifiable but the underlying data can't be fully public. Real product, real traction, real revenue - not a whitepaper. The technical challenge is architectural: what lives onchain vs offchain, how to model non-trivial logic in smart contracts beyond simple token/NFT patterns, how to design privacy models with selective disclosure and proofs and how to build for M2M interactions, not just user facing flows. Cardano/Midnight is interesting to us because of the determinism + native privacy angle. We are doing serious due diligence on the stack right now and looking for the right people to have this conversation with. Less "generic smart contract dev", more architect who understands privacy, verification and the boundaries between what should be provable and what should remain hidden. Early enough that the right person can help shape the scope. Having been deep in the Cardano community for 8+ years I have some idea of where the talented builders are. I will tag a few of you below, but if you know someone who should be part of this conversation, please point them this way. @BeRewt @dori_coin @Quantumplation @phil_uplc @Padierfind @NaVi_GaT0R @MidnightNtwrk @Cardano Happy to go deeper 1:1 under NDA for the full picture. DMs open. "We shape our tools, and thereafter our tools shape us."

Looping in @_KtorZ_ , your input would be valuable.

@dori_coin Cooking we are

Looks like they’re cooking up something interesting 👀

Can't believe I missed @SebastienGllmt, definitely want you in this convo.

@angrycryptoshow @ADAProdigy 👏❤️

#Cardano fam 🫂, After taking a break and beginning my journey into learning Cybersecurity, I'm happy to announce that I'll be back with daily $ADA and $NIGHT news on April 13th.

@decypher_xyz Patience is key

it’s tiring to be in the cardano ecosystem, the amount of drama is just too much. if you’re still around, I gotta say: you have a lot of patience

@PeterSchiff "Wrong side of history-man", your own kind of super hero

Over the past five years, the price of Bitcoin is up by just 12%. Over the same time period, the NASDAQ is up 57.4%, the S&P 500 is up 59.4%, gold is up 163%, and silver is up 181%. If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?

@iagadanight @dori_coin Amen

@dori_coin Fucking love you @dori_coin a voice of reason and understanding your such a gem.

I think the negative sentiment around Midnight is way overblown. Midnight isn't competing with Cardano. It's a complementary partner chain that fills in the gaps in scalability and functionality. And there is not a single person in this ecosystem who can replace the role @IOHK_Charles plays. Since last year, privacy has become a major topic, and many chains have been pouring investment into privacy to secure institutional adoption and liquidity. At multiple conferences, the privacy sector has drawn the most attention. Midnight launched at exactly the right time for this moment. Personally, I was impressed by Charles's foresight. Among major ecosystems, Cardano has been behind in many areas compared to its competitors, but privacy through Midnight is the one sector where it responded the fastest. Privacy is essential for regulatory compliance, institutional participation, and real-world adoption, and Midnight clearly has a positive role to play in the Cardano ecosystem. On top of that, Cardano SPOs can participate as Midnight validators and earn additional $NIGHT rewards. The Midnight team is also building Starstream, a zero-knowledge virtual machine that enables ZK-powered smart contract execution on Cardano as an opt-in layer. So my conclusion is that Midnight isn't hurting Cardano at all. It can be a massive benefit. What matters is that Midnight was only possible because Charles was behind it from the start. Sure, some people may find him lacking or have complaints. But he still holds enormous influence in this market and has the vision and insight to guide Cardano in the right direction. From my perspective as someone active in the industry, Cardano realistically needs Charles. There is no one in this ecosystem who can replace him. Instead of pointless criticism, I believe what he deserves is respect and collaboration.