If you go on Twitter, Reddit, other channels, and complain, "IOHK, Charles, why are you not here to save us? Why don't you do this? Why doesn't Cardano have this?" Well, I don't have the authorization, don't have the power. I can't just go take money out of the treasury.
This is the first time in the history of the Cardano project where something of this magnitude has been done without any effort, coordination or input from IOHK, the Trezor integration that Emurgo is done. It's 100% them. It's 100% their efforts and they've done a really great job with it.
And they'll make an announcement shortly soon, I suspect today or early tomorrow, and they have some videos and other cool things, but from our perspective on the IOHK case side, this is a major milestone because it's a resilient milestone.
We were trying to figure out whether it made sense to keep maintaining the Icarus code base or to retire that and move our contributions to Yoroi but we're so impressed with what Sebastian Pabon and Nico and Emurgo have been doing that IOHK is going to start making code commits to Yoroi. So, we can hopefully double the size of that development team and we can very rapidly get wallet features out, but not just multisig and hardware support...
So anyway, the good news it's not super significant, but it is a major milestone to repeat is the launch of Trezor support with Yoroi and what's so exciting about it to me, again, is this concept that it was done 100% without IOHK engineers, IOHK input it was just done by our partner.
And all of that's happening without direct IOHK input, so we're real proud to see how well that they've come together and how quickly they're moving and they're commitment to open source and their commitment to building great wallet ecosystem.
Things have been going along quite well at IOHK and things have been moving quite a lot well with Cardano we have a lot of cool things that we're trying to figure out, negotiate. Very soon we're going to start announcing the IOHK summit a little bit about that. So, the IOHK summit, so we do as an annual event and ordinarily it's just for IOHK employees and invited guests of our ecosystem...
Right at the end of Q1, early Q2 and open it up to general public so we'll have a private part of it, just for the IOHK employees, but all the IOHK people will be there, every single one, and there will be a public event and we'll do lots of public presentations about who we are what we're doing and where the company is going and some interesting ideas we have, a lot of special announcements at that event.
So IOHK summit is now a public event coming 2019, let's see any other announcements to make.
Will staking be possible on a mobile version of Yoroi from the Cardano effect? I have talked to Sebastian Pabon and Nico about this so we're having a summit about delegation and basically what the delegation spec is and that's summit invitation only for Cardano developers. So, we've invited Yoroi developers. IOHK coming as well. So, is the Rust team and the Haskell team and we'll see if we get the vacuumlabs guys there...
And the response from some in the community is it was an unnecessary product. No one uses it. And now that IOHK is starting to financially pull away from the ecosystem. Good riddance.
We were dealing with a code base that was laden with lot of technical debt and we were dealing with the code base for the original engineers who wrote that were no longer at IOHK and they left.
And we also have had multi-platform support Windows, Mac and now Linux. 1.4 is on Linux. So, what we're going to do for 2019 is IOHK is now getting to the point where we feel it's worthwhile to have a dedicated product experience officer. And that person's role will be to start with the user experience and then work the way backward to exactly what we need to do to enhance our protocol and technology to massively improve certain things like startup time, improve from usability,r edo the UI and. UX these types of things.
Been a very long year. It's been a year where we as a company IOHK and the broader Cardano ecosystem has definitely learned quite a bit. And through this process we have done a lot. In particular, we've written over 40 papers, 20 of which have been peer reviewed and the other twenty are in some various stages of review or they're technical reports.
So we're going to be doing the workshop for IOHK and some of our third-party partners come early January in Berlin specifically about the delegation specification and to finalize that specification, much like Plutus Fest kind of forced us to finalize the specification for Plutus 1.0 and Marlowe 1.0, we'll be doing the exact same with the with the delegation specification, which will also be made publicly available, just like the wallet backend spec was made publicly available.
So that was one dimension. Second, there was a middleman involved on creating support on the Ledger side. Principally that was called metalayer. Ad they were working with the Cardano Foundation, and we've historically had some issues there. And unfortunately, because of that tripartite arrangement where there was IOHK, the Cardano Foundation and a third-party developer, given the history and other things, it dramatically slowed down support, integration...
So, there's an open question now of well, what should IOHK participation be with Ethereum Classic and does this participation in any way compromise our ability to work on Cardano, slow it down, or in some way compete with the mission goal and vision of Cardano? Well, in a way, there's been a great degree of synergy...
It is still the only client that was built from the ground up specifically for Ethereum Classic, and it was built in Scala, and it was built with great engineering practices, and it was built by great engineers, and it was built in a very transparent way. If you go to our YouTube page, IOHK YouTube, you can see the weekly stand-up meetings that we did for Mantis, and I think there's damn near hundreds of them, and we didn't miss a single one every week we showed up and we, even if there was a little progress or a lot of progress, we showed it off and people could watch us go from an idea to a fully constructed client and they can see the commits in the repository...
We have and we're having a lot of fun integrating that, so code is we're we're feature frozen the the dev cut off was a few weeks ago and we're just going ahead and working our way through QA and that's led by Alan McNicholas and his team. He's the head of the QA department at IOHK, so not much longer.
So the rewrites come along well, just a little caveat, if you're following the main repository, you might want to look into the IOHK GitHub repo, because there's several repos like Cardano chain and so forth which are separate from the main Cardano SL repo. And we're making all of the contributions there for the core rewrite that's coming for Shelley.
One episode is topical, and one episode is an interview episode, so the interview episodes will be populated initially by Emurgo and IOHK which people just to get the ball rolling, but then the hope is for anyone in the ecosystem who is really interesting and has a cool project, something they're doing to come on and talk, you know.
Has IOHK or Emurgo or CF employed or hired anyone from Africa who can assist in regulation planning? Our Director of African operations is John O'Connor and we have engaged a lot with regulators, and we've talked to a lot of people who are domain experts like Chris Cleverly and so forth in in various jurisdictions like Uganda.
Yeah, IronFX. So I don't know much about this IronFX deal or what Emurgo Hong Kong has planned. Just on my side, we were never fully informed. We were aware that they had built some sort of relationship with this exchange, and I guess it's a pre-existing forex exchange. But we've never been in any of those conversations on IOHK side and we don't know too much about it.
So, I'm glad to hear that there's an increase in liquidity, but you know, we tend at IOHK to stay out of those deals because they tend to be regulated and they tend to be very specific and it's it would not be proper for us to get involved because it would be picking winners and losers.
Is Plutus going to have dependent types like Idris, ADGA, or COQ, that is a really good question. The closest I think will come to that is probably refinement types. If you're familiar with Liquid Haskell, you should look that up, and those ought to be sufficient for most verification work that you want to do. We could do dependent types, but then it begs the question of. Would it just simply make more sense to write an Idris to Plutus compiler? And then you could just simply write things in Idris. You know, and then you could reuse that ecosystem. But we find that types are certainly something we're interested in. IOHK is going to start investing money into liquid Haskell and making sure that that ecosystem becomes much more prevalent. We're also going to start investing money into GHCJS.
And we made offers for them to leave the foundation and join IOHK, all four of them accepted and transferred over to IOHK and we were preparing to try to take more foundation members and have them leave the foundation and join us so that they can continue their work undisrupted while the foundation was in a crisis. They'll stay with IOHK for the time being.
In addition, IOHK will be made available to assist the foundation and building basic business processes such as an HR management system and helping them wherever they need assistance.
So Emurgo and IOHK and the remaining members of the Cardano Foundation, we're hopefully going to be able to work together after the next one or two months of cleanup occur to try to figure out a permanent form of governance for the foundation.
There's a a lot of transparency that needs to occur, and IOHK will be available whenever and wherever possible to assist in that process. And we have full confidence in Pascal's leadership and his ability to manage that process as well as MME and KF and others who have been heavily involved in this affair.
So what we've done the last week at IOHK and Emurgo is that we've begun executing on a multi pronged strategy to start the build up of community management.
And what we've decided to do is try to build up a amall apartment within IOHK.
We'll make an announcement, probably in a week or two about The Community management team at IOHK but we've already begun coordinating with the community management team at Emurgo we're working with Sebastian Pabon, we're working with Miyataki and others there and Sebastian Pabon, actually today just released a wonderful series.
So our hope is to have three hosts, somebody from Emurgo, someone from the IOHK side and hopefully someone from the Guardian side.
We also about a year ago at the IOHK Summit, invited someone who started accepting ADA at their hotel down in Spain and it was great to have dinner with them.
We were deferential we invited the foundation to attend events that we held. We allowed, IOHK developers to stop working on the protocol to go to community events at the foundation held we made recommendations for people we felt would be great scientists and engineers to join, we offered to help the foundation construct a research program where we expressed questions about distributed futures.
Considering what options do we have in parallel, the Guardians of Cardano, because they had heard that IOHK and Emurgo, were having difficulty with the CF.
For example, for over 3 days after we made our announcement, we found out that in Korea, news reports were floating around saying that I left the Cardano movement and IOHK no longer working on cardano.
The goal of IOHK relationship with the Cardano ecosystem was strictly to build the technology.
Charles is Carl coming out with a a debit card or credit card of some type? It was on the road map and it was one of the foundations responsibilities. They're the ones who announced it. We said great. Let us know if we can help and nothing happened for a year. Welcome to my life. So Emurgo and IOHK and I are starting to look into it. We've already started talking to some vendors. There's a few. That are interesting and it's not super hard thing to get done. And now that we're looking into it, hopefully we'll be able to make an announcement soon.
Papadopoulos. Well, Papa. Cardano, 1.4. So 1.4 is the first time we're actually rolling out code that IOHK built from formal specifications, so that's a big milestone for us and boy, we're super excited about it and the dev cutoff, I believe has just happened today or tomorrow.
But to be frank IOHK wouldn't exist without Jeremy and Cardano wouldn’t exist without him, so he's is is meaningful and important to company as I am to the company, even more so in some certain circumstances and I'm very lucky to have him as a Co-founder.
So this is an interesting question is I which can work with DARPA. The direct answer Is no, but when you do cryptographic research, PL research or any of these things, it's very common to see that funding for papers that you're jointly funding also comes from either the NSF, or DARPA, most recently promote who is a Researcher out in University of Illinois Urbana Champagne published a series of three papers, Polly Shard and paper on incentives and a paper called Spider, which was based on payment channels. Now all of these papers received funding from IOHK but promote also got funding from the NSF and DARPA. So occasionally you will see IOHK related projects getting joint funding from other agencies.
OK, let's take another one from the Reddit because people took the time to throw all these questions in. As IOHK given any time or research into implementing a stable coin. We certainly have and we really haven't gotten to the point where we're able to say anything public yet, but we've talked to a lot of people.
Is IOHK considering extending his contract with building Cardono beyond guaranteed funding through 2020? The answer is if the Treasury system exists, we will submit a ballot asking for additional funding and the Community will get to decide that if we are to decentralize there not be a cult of personality, there cannot be custodial companies. We can't have. Even if you like the guy, somebody in power forever, the whole point of creating things like term limits, it's the whole point of creating things like checks and balances. It's the whole pointm of creating diversity.
Then we have a common reference of where are at, and where we'd like to go then, the Treasury system comes in and allows us to vote on funding of priorities, marketing priorities, development priorities, entrepreneurial priorities and embedded in there is this implicit notion of who should be the custodian. To take us to the next place or custodians, and there should be sufficient funding for multiple months. IOHK will make the argument. As we do to governments for grant funding like the European Union or NSF or others that we we ought to have a position in that collective of people who are contributing, but it ought not to be exclusive or the sole position.
Hi everyone, I'm Charles Hoskinson, chief executive officer of IOHK I wanted to make a brief statement today about some of the events that have transpired over the last 24 hours.
So in the beginning three years ago, IOHK took a contract to work on the Cardano project.
So while scooping out the project, one of our requests and requirements was a separation of concerns and balancing of power IOHK is a technology and science and engineering company, we wanted to take over the components involving the peer review, the research and development as well as the actual construction of Cardano.
As the months came by and our relationship continued to strain, it became very clear to IOHK and Emurgo that we're probably not going to effectively work with the foundation the way it's structured.
IOHK and Emurgo started hiring some community development people. Emurgo, for example, recently hired Sebastian Pabon and Jane Wild and others on our team have been working very hard at trying to bridge that gap.
IOHK personnel have been attending meet up groups, and I personally have traveled extensively to attempt to assure the Community that things are OK and to educate them about the Cardono protocol. Personally, I've gone to over 27 countries this year in addition to my normal responsibilities as CEO of IOHK.
And so as a consequence, we've decided to just move without them so what this effectively means is that IOHK and Emurgo, will be taking on all of the responsibilities that the Cardano Foundation is, was historically tasked with.
We still have a depth rolodex of people who want to build on the protocol and are very excited about our technology and if anything by bringing community management more tightly into a Emurgo and IOHK it probably will allow us to better carry out our mission.
Because the foundation is not in control of IOHK case funding nor Emurgo’s, we've already been paid in full for the services rendered and to be rendered. As a consequence, they're not in the position to veto or stop us from moving unilaterally in different directions. Nor can they mandate how the protocol will be developed or how funds will be spent on the development of the protocol.
Things are OK, I'm OK. Cardano's OK. IOHK is not going anywhere. We're going to be here for quite some time. We'll be spending a bit more money on our side to compensate for the things that haven't happened.
And actually, I should answer more than just Cardano related questions or IOHK related questions. There's some lifestyle questions and questions about me, and I figured it would be kind of fun to go into a little bit of that. OK, so the first question comes from a user in Germany who asked about how do I run a company. Travel hundreds of days a year and deal with all the stress. You know, what is the lifestyle like, you know, it's a day of life of Charles and I had to think about how to answer that question for a little bit, but I thought it'd be kind of a little fun.
And if you look at the governance of Tesla, for example, there really aren't many people around Elon who can say no to them or say, maybe you shouldn't have sent that tweet or something like that. The eventually IOHK is I have a Co-founder with equal power Jeremy Wood both own in the same amount and his job is to be a professional critic.
And in the other case, it's all about saying I'm leaving something behind that potentially my grandchildren might actually be using as developers. And if I screw it up, every mistake I make, they're going to have to live with because of legacy reasons and momentum and so forth. uh, so we differentiate between those two aspects at IOHK on the software side....
In the cryptocurrency space, IOHK is pretty neutral about credentials. We don't care if you're a high school dropout or a world-famous professor. We care about whether you can learn from your mistakes, function effectively in a team, and learn from your competitors, incorporating their ideas into your flow, given it's reasonable and well sourced.
Is the 3D modelling in the IOHK a precursor to your work in VR? You know, I get question a lot about what is the point of design at IOHK. You know, we're almost looking 3 legged stool, you know two legs everybody gets the the engineering leg and the science leg. But then we have this third leg design. And people say, well, why the hell do you have that? Why do you pay all these designers Why do you have guys who understand three JS and Webgl and these things? Why do you? Care about VR and AR.
If you took the world's best video game and you just gave somebody a paper print out of all the source code of it. How do you think that average person would relate to it? They would say this is this is what is this? This is just paper with stuff on it. You compile the code you run. The code they can see it. They can interact with it. They have a good experience, they say wow, this is incredible. So, to us very early in our company's history, we felt it was very important for us to give a certain group of people within IOHK a mandate to imagine and dream and build experiences.
So, in the same way design is built into the DNA of IOHK and we do care very deeply about these things, we're not moving as fast as I would personally like because it takes an enormous amount of time to find designers and trained designers about how blockchains work in cryptocurrencies work.
The one thing we won't do at IOHK is we won't be like Ripple. We won't put Ben Lawsky on our board. We won't kowtow to whatever makes us the most money or gives us the best access, because at the end of the day, if I wanted to work in the legacy financial world, I'd have just taken a job at a bank.
Anyway, I just realized that I'm going to be traveling Canada, Barbados, and South Africa during the time overlapped with the 15th announcement, and so I decided to give you guys the IOHKcase side of the announcement just a little bit early.
Anyway, we've been here before, so everything's fine. OK, so for the past few months IOHK has been working really hard on two projects. One is called Prometheus, which we publicly announced.
So that's one of our goals as a company IOHK and Cardano, is really envisioned to be that financial stack to get us there and that's my hope.
IOHK research for example we have this concept of Nepal.
You know we have Emurgo, we have the foundation we have IOHK.
And even within IOHK there's a lot of federation in the organization.
The IOHK controls some of it.
But they said, hey, come to our London office and I said alright, so I went there, and it was an informal Q&A session. Basically, they said, hey, we'd like to ask you lots of questions about the cryptocurrency space. About the technology that Cardano has and what IOHK does as a company.
The Cardano Foundation, EMURGO, and IOHK are the three core entities behind Cardano at the moment. Cardano from the very beginning was Federated. It wasn't like, in the beginning, there was a person, then a company, then a collection of companies. In the beginning, there was a collection of companies and each and every one of them serves a different role and purpose in the ecosystem.
IOHK builds the protocol. It's our job to figure out, at least for the initial impulse, what is the core collections of technologies necessary for a really good cryptocurrency that the community can then take and augment. Meaning that there are governance tools built in and there's funding tools built in, so the community will have the resources necessary to execute on the next roadmap post our involvement.
Turns out that you potentially could build a proof using zero-knowledge technology that has a nice constant size and it's easy to validate that could answer both of those questions and the validators of that proof would not necessarily need to have a copy of the entire other blockchain to validate that. These are a spectrum of things we are doing in terms of IOHK and Cardano. So we have a collection of research streams that we're working on.
Now that Ethereum Classic has a good foothold will IOHK continue to support ETC development? That's a good question. So, you know, when ETC first came out, I wanted to prove a point, that it is immoral when you advertise something for an ICO to then turn tail and completely do the opposite because of legal inconvenience.
Now we're at a point where Mantis is not only out, it's gone through a major update and it's going to go through an even another major update. And we have to kind of make a decision of where will IIOHK go with Ethereum Classic.
So, I see no issue with having that discussion. So that's basically where we're at right now. The growth in dream team did a tremendous job. The other thing is they did a very transparent job. So, if you actually go to our YouTube channel and go to the IOHK channel and you look at the growth in deep meetings, you can start from March of last year.
They didn't quite have, in my view, all the experience or talent necessary to run a cryptocurrency. If you actually look at a cryptocurrency, it's a very involved affair. IOHK now has enough capabilities to develop a cryptocurrency, but we now have 160 people with a research division, a full engineering division, and there are eight companies working on it in 16 countries. It's a lot.
And you know IOHK is not just the Cardano company. We're a blockchain company and we build blockchain technology. We develop protocols, and as a consequence of developing those, we're always thinking carefully about who could benefit the most. For instance, I recently tweeted to Justin Sun, recommending that he use Mantis for Tron because I noticed that Justin seems to be using Ethereum Java with some modifications, but it's still essentially Ethereum Java.
Many may lose money, so I'd prefer to see them succeed and deliver a great product to market because it ultimately strengthens the whole ecosystem. I have a lot of faith in the products that my company builds, so naturally, I'd recommend them. However, the decision to use them is theirs. If they decide against it, it's no loss for me. We have other uses for Mantis, but if they opt to use it, then it proves Mantis' merit as a truly open-source product that's not just for IOHK and its affiliates.
Mantis is also used by independent parties. We've already seen this happen once before when IOHK invested a lot of time and effort into building Scorex. Sasha Ivanov took Scorex and built Waves from it, which has been a very successful product in its position. He didn't need our permission; he simply forked the code and did it, making contributions back into the Scorex frameworkand we wish them well.
For me, we find our ways to make contributions to Bitcoin where we can, because I still love Bitcoin, I still hold Bitcoin. We put some money into a paper called Dandelion that was written by a professor named Promote, amongst others, at the University of Illinois, and it looks like Dandelion will be adopted by Bitcoin as a bit so indirectly, IOHK has some contribution to Bitcoin core.
Cardano debit card. Yay Cardano debit card. Let's talk about that. Cardano debit card is not an IOHK initiative. It's a Cardano Foundation initiative. What ended up happening was in the early days of Cardano there was a good commitment that Cardano Foundation got from a firm in Europe to provide debit cards.
While IOHK does a lot of hardcore research into things like protocol design, security, and ZK snarks, we don't think as much about layer, you know, uses of that technology as much as we should. Like what are the law and policy implications or how would you build a Geo stamping system or these types of things? So, the foundation approached Z/Yen to write a collection of reports that come out every month or two months.
What will happen to Emurgo IOHK contract for developing Cardano by 2020? We will have a by 2020 we will have a fully operational treasury that will, and I'll stick around until that's done. So, if it bleeds into 2021, we'll keep working till that's done. And at that point, there's going to be specifications, the Cardano Improvement proposal process, competing clients written in different languages by different development teams that will be a very decentralized ecosystem. And IOHK, would love to continue doing research and engineering, but you, the ADA holders will be able to make that choice. So, we'll submit a funding proposal to keep the contract going, but you get to decide whether that happens and that's how it should be at the end of the day, engineers work for you, the owners of the protocol.
The other thing is this is not an IOHK project, this is a collective project. Predictable Network Solutions works on this, tweak works on this FP complete works on this, WellTyped works on this allied testing works on, this Kubik works on this runtime verification works on this and Emurgo works on this. The Cardano Foundation works on, 8x works on this amongst others.
So in Ethiopia, basically, we agreed to host a class like we did in Barbados and Athens and have that class basically invite recent graduates from Ethiopian universities to sit down for two months and to learn lots about how to hope, write code in Haskell. And then if they're really good, we'll offer them a job at IOHK, and then we'll put them onto a blockchain projects either permissioned or permissionless. The ministry was very progressive, they said not only did they want to do this class, they wanted it to actually be all women.
And there's some good entrepreneurs there like Paisa. Nigeria also has probably one of the largest IT groups of people in Lagos, so we'll definitely drop by there and have some fun. But Africa is very important to IOHK and we're going to be really scaling up African operations. But my number one priority is getting Cardano to a better state, so that takes priority and precedent over our evolution in the African market, but long term, I think that's the place where Cardano really has a chance to shine, because we can show off a lot of cool tech like offline, off chain payments, using trusted hardware. That's where these things like these private NPC's make a lot more.
Specifically for Japan, that was done by a third party and I don't follow that too closely. I know some of my crew have seen the ATM's that are supposed to have for ADA support, but I haven't personally used them myself so I couldn't let you know the debit card ATM stuff that's infrastructure separate from the things IOHK works on.
Hi everybody, this is Charles Hoskinson broadcasting live from Zurich, Switzerland. I just got off a plane and this is my first attempt at doing a video like this, but I decided I'd give it a shot and experiment. That's what we always do with Cardano and the IOHK ecosystem is we like to try out new things.
Hammer this until it's finally polished. Most of the IOHK team will actually be meeting up in Portugal Lisbon this month and so we will have a giant in person hackathon and this will definitely accelerate some things for us and we can definitely get some things done.
And then on the back of that, we'll open up something in our slack channel at IOHK Slack and start a Direct Line of communication with these people so that we can begin that process.
Network improvements will come iteratively and gradually. We have a dedicated team working on that. Both IOHK and a firm called WellTyped as well as a firm called PNSol.
We're trying to make provisions to accelerate that work stream. But it is among the most technical and complex of all of our work streams involving the production of a new psyche calculus, as well as a lot of coding and languages like Isabelle, so the preliminary work has already been done. It's public and we have a repo and I believe it's IOHK Ouroboros spec on GitHub so people can follow along, but there's quite a bit more to do.