Mars
Joined July 2020
JOEY Pool retweeted
An update on our engagement with @Mastercard. While Cardano was not included in the initial cohort of 85 launch partners, @emurgo_io has been actively engaging with their APAC team to change that and ensure our ecosystem is represented. Following a leadership transition at Mastercard APAC —where our primary contact moved to EY — we have successfully connected with his successors. They were excited to speak with us and I am pleased to share we are now in the Qualification Stage for the Global Crypto Partner Program. With the continued support of the Cardano community, I am confident in a positive outcome. This important: Please like and share to show @Mastercard the strength of our ecosystem. Mastercard is a global firm.. we need to show them that our inclusion into their Partner Program will make a difference to them. Surely this is an initiative the entire Cardano ecosystem can support! #cardano86 Let's go!!! #cardano #mastercard @Cardano_CF @Cardano @IOGroup @midnightfdn
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🚨#Cardano fam, introducing the @sendr_network where community members can collaborate to further grow our ecosystem’s visibility through grassroots, organic engagement. Share this video to anyone who has or ever will ask why Cardano, what makes it special? Like, comment "send $ADA", and repost. Let’s get this video trending 💪
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JOEY Pool retweeted
🚨BREAKING: President Trump wants to eliminate all capital gains taxes on Cryptocurrencies issued by U.S. companies This would ultimately make all profits Americans make on holding crypto assets such as $ADA $ALGO $XRP and $HBAR fully tax free, as their creators are U.S. companies. The source claims that the legislation requires the companies to have been registered as entities in the country before having issued the crypto assets, yet there will be a path to relocate businesses with existing crypto assets on the market to the United States. This strategy is part of the broader goal of the Trump administration to make America the crypto capital of the world. Source: Member of Trump Transition Team — Effectively, this would make ‚made in America‘ cryptocurrencies the most logical investment for US citizens as they’d not have to spend up to 37% taxes on their gains. It could totally reshape the crypto market.
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JOEY Pool retweeted
You know when we're back when $ADA (@Cardano) is pumping 😉
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Including borrows Liqwid is now the #1 protocol by TVL on Cardano🥳 We would like to take this moment to thank each and every Liqwid community member, lender, borrower, SPO, CM and Liqwid Labs developer who helped us achieve this major milestone! Now let's go for 100x💧
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Wondering what @BTC_OS is bringing to #Cardano? How about $BTC-backed stablecoins, yield-generating lending & borrowing, and decentralized swaps without the need for exchanges! This is going to be HUGE! 🚀📊 @emurgo_io @Cardano_CF
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JOEY Pool retweeted
The integration of Cardano with BitcoinOS through the BOS Grail bridge is a game-changing development for the Cardano ecosystem. Let's discuss why this partnership marks a significant breakthrough for #Cardano, and the beginning of limitless potential for both ecosystems 👇🧵
✨ EMURGO teams up with @BTC_OS, the smart contract operating system for Bitcoin, to enable cross-chain interoperability between Cardano and Bitcoin. This tech collaboration makes #Cardano the first Layer-1 blockchain to leverage BitcoinOS' zero-knowledge cryptography and technology, opening the doors for trustless BTC integration with Cardano's DeFi ecosystem, and more! Explore further into the collaboration at emurgo.io/press-news/cardano…
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Genesis Keys are dead :) The Age of Voltaire is soon upon us
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Are you prepared for Chang? Rocket is on the pad. Governance is coming
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This is it. End of the line, node 9.1 is Voltaire. Happy upgrading SPOs. Welcome to Chang
Node 9.1.0 is here! The final version to bring on-chain decision making to Cardano is here. As with all hard-forks, Cardano upgrades when the community is ready. SPO's ➡️ bit.ly/3ycXnVF DApps, wallets, exchanges & more get #ReadyforChang ➡️ bit.ly/3Ltl9j8
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Genius Yield is now integrated to DexHunter🫡
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Cardano's Chang Hard Fork, launching July 16, marks a pivotal moment for ADA governance. Co-founder Charles Hoskinson steps aside as on-chain voting and community-driven governance take center stage. Decentralization and transparency are set to redefine Cardano's future. Source: AMBcrypto
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Roadmaps and Polarization xitter.cf/i/broadcasts/1YqGoDopL…
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#Cardano recently faced a DDoS attack, but the network performed as anticipated, merely experiencing a slowdown. Most services, including SundaeSwap, which processed 5013 orders, operated effectively during the attack. The attacker incurred transaction fees, ultimately losing money without causing significant disruption. Cardano is the winner because its resilience has been proven. Come see how complicated it is to commit a DDoS attack on Cardano. The intent behind a DDoS attack on a blockchain is to hinder user access by overwhelming the network with spam transactions. These transactions are valid but costly due to the fees the attacker must pay. Invalid transactions would not be diffused. In contrast to client-server networks where attacks are directed at one or a few servers, Cardano's distributed structure comprises numerous nodes, each with its own mem-pool, making such attacks more complex. An attacker would need to simultaneously target hundreds of nodes. Each block-producing node in Cardano maintains a mem-pool, a kind of waiting room for transactions before they are included in a block. By default, the mem-pool is sized to hold double the number of transactions of the current block size, which equates to roughly 600 standard transactions. Transactions are processed on a first-come, first-served basis. A newly submitted transaction is passed from the relay node to the block-producer node, where it is stored in the mem-pool and then diffused to other block-producing nodes. Cardano operates on a demand-driven protocol, allowing each node to manage its data rate, concurrency, and data volume. Nodes request additional work only when they are ready to process it. The work is not pushed on them. The Node-to-Node (NtN) protocol manages transaction transfers between full nodes through relay nodes. It includes three mini-protocols: chain-sync, block-fetch, and tx-submission. These are multiplexed over a single TCP channel. NtN uses a pull-based strategy, where the initiator node requests new transactions, and the responder node supplies them if available. This protocol is well-suited for a trustless environment, protecting both parties from resource consumption attacks. Figure 1 demonstrates block diffusion among pools via mini-protocols. Alice sends a transaction to Node 1, marked by red arrows. Node 2, with space in its mem-pool, requests transactions from nearby nodes. It receives Alice's transaction from Node 1, illustrated by blue arrows 1 to 6. Later, Node 3 does the same with Node 2, shown by blue arrows 7 to 12, ensuring Alice's transaction is in all mem-pools. Nodes are responsible for validating transactions before relaying them. Invalid or unsolicited transactions can lead to disconnection. Mem-pools are concurrently populated from different network locations, with transactions disseminated through mini-protocols as needed. Figure 2 shows the sequential filling of three mem-pools. Alice, Bob, and Bot submit transactions from various places. Initially, each mem-pool holds one transaction. As time progresses, nodes pull transactions from peers, resulting in mem-pools containing both user and spam transactions. No matter which node becomes the slot leader, the transaction included in the next block will be the same, emptying all mem-pools. A bot could flood a node with spam transactions, filling its mem-pool and preventing further transaction acceptance. However, this doesn't stop other nodes from processing user transactions. Don't forget that slot leaders are randomly drawn based on the stakes of pools. The likelihood of a successful attack grows with the number of targeted nodes, as more mem-pools would be filled with spam. Yet, this also increases the attack's complexity and cost. Figure 3 shows a bot sending spam transactions to Node 1, while Alice and Bob send valid transactions to Node 3. If Node 3 becomes the slot leader, the block will mainly contain user transactions. When a new block arrives, nodes remove the included transactions from their mem-pools, freeing up space for new ones. If all mem-pools contained 600 identical spam transactions, they would be cleared within two blocks (40 seconds). If the spam transactions were unique, only one mem-pool would be cleared in the same timeframe. An attacker aiming to damage the network must submit unique transactions and incur fees. Flooding all 3000 mem-pools with unique transactions would require 1.8 million transactions, costing approximately 300,000 $ADA. The network could process this volume of transactions in about 33 hours (6,000 blocks). High throughput is a deterrent against spam attacks, as it requires more transactions to be submitted, raising the cost of the attack. For instance, if the Ouroboros Leios protocol increased Cardano's throughput by 100 times, the network could handle the same volume of spam transactions in just 30 minutes.
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JOEY Pool retweeted
About the #cardano attack ☂️ Demonstrating the Blockchain resiliency under such attacks is one of the best ways to promote Cardano as one of the very top Blockchains ever made 🦖🫂 – at Milan, Lombardy
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