Summary of IOHK | Cardano whiteboard; overview with Charles Hoskinson

00:00:00 - 00:45:00

The video discusses the goals of the Cardano project, which is to create a sustainable, third-generation blockchain. One of the goals of the project is to create a system where entities can pay for services using cryptocurrencies without having to worry about the long-term sustainability of the currency.

• 00:00:00 Cardano is a third generation blockchain designed to be scalable and interoperable. In addition, the project aims to be sustainable and have a good governance experience.
• 00:05:00 IOHK is developing a scalable, secure protocol called "Horas Boris." This protocol is designed to be more efficient and future-proof than Bitcoin, and it is already proven secure. Additionally, Cardano aims to create a system where different blocks and chains can be maintained simultaneously, without sacrificing security.
• 00:10:00 IOHK's Charles Hoskinson discusses Cardano's parallel and transactions architecture, how it avoids expensive blockchains, and how the protocol will be formally verified. The Cardano team is also working on a new technology called Rena, which will allow for a heterogeneous network with privacy, transparency, and scalability guarantees.
• 00:15:00 The Cardinal project is a research initiative to study blockchain architectures in a rigorous way and come up with new solutions to data scaling. One of the goals of the project is to create interoperability between different networks.
• 00:20:00 IOHK has released a paper proposing a method for sidechains, which would allow for cross-chain transactions without the need for a trusted third party.
• 00:25:00 The video discusses the goals of the Cardano project, which is to create a way to attach metadata to blockchain transactions, in order to benefit from benefits such as auditability and immutability. One of the difficulties of this goal is that it is risky to do so, since metadata is very personal and can be exposed easily.
• 00:30:00 The video discusses the Cardano project, which is focused on creating a sustainable, third-generation blockchain. One of the goals of the project is to create a system where entities can pay for services using cryptocurrencies without having to worry about the long-term sustainability of the currency.
• 00:35:00 The video discusses IOHK's Cardano project, which aims to create a decentralized platform with a treasury system that can print money and put it into a decentralized bank account to fund projects. While the project has a strong democratic process, the challenge is that it requires a lot of thought and deep thought to build.
• 00:40:00 IOHK is working on a modular treasury system for Cardano that will allow for upgrades without breaking the protocol.
• 00:45:00 IOHK discusses the development of Cardano, a cryptocurrency with a process for upgrading the protocol which is slow and deliberate. Cardano also has a formal verification project to ensure the stability of smart contracts. The company is committed to Cardano until 2020.