littlefish Sagas Initial considerations
Table of Contents
1. Introduction
2. Initial Considerations
2.1. A Designated Team With Specific Roles
2.2. The NFT Metadata and Artwork
2.3. Community
2.4. Cultural Significance
2.5. Roadmap
Milkomeda Deep Dive
Author: Donald
Date: 19 Apr 2023
The Milkomeda protocol introduces a new technology that connects the Cardano network with Ethereum and other similar blockchains, aiming to enhance collaboration and improve user experience. By leveraging the capabilities of Ethereum's core system, Milkomeda aims to provide developers and users access to features from both blockchain ecosystems and potentially increase the variety of decentralized applications on Cardano.
In Brief
Milkomeda protocol enables Cardano users to access Ethereum smart contracts directly.
Integrates Solidity, expanding the developer community and facilitating dApp development.
Connects platforms like Cardano and Algorand to EVM contracts and provides staking rewards.
DJED Stablecoin
Author: Donald
Date: 14 Feb 2023
1. Introducing DJED - Cardano's First Stablecoin
The Cardano Ecosystem has a well-documented history of assigning significance to the naming of its products. The ecosystem was named after the renowned Italian mathematician Gerolamo Cardano, while its native token was named after the English mathematician Ada Lovelace. The latest addition to the ecosystem is the first stablecoin, named Djed, which takes its name from an ancient Egyptian symbol that symbolizes stability ( 𓊽 ). With ancient Egypt's rich history in mathematics, this latest branding choice is yet another testament to the ecosystem's commitment to relevance and significance.
In basic terms, Djed, a Cardano-based stablecoin, boasts an algorithmic design that promises stability through its use of smart contracts. The digital asset is pegged to the US Dollar and offers an added layer of security through its reserve of base coins (Shen), which are minted or burned based on market demand. With its innovative design, Djed aims to provide a reliable and steady store of value in the volatile world of cryptocurrencies.
The innovative stablecoin, Djed, has been brought to life through the collaboration of fintech firm COTI and Cardano's lead developer Input Output. With the expertise of both entities, this project aims to provide a stable, secure, and cutting-edge solution for the cryptocurrency market. The coming together of these two influential players in the field shows once again their shared vision for a better financial future.
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Exploring COTI
Author: Donald
Date: 18 Feb 2023
1. What is COTI?
The world of finance is witnessing an unprecedented transformation with the advent of the web3 revolution, and COTI is at the forefront of this movement. COTI, which stands for Currency of the Internet, is a revolutionary <u>Layer-1 DAG-Based Blockchain Ecosystem^1^</u> that has been optimized for payments, with the aim of completely transforming the payment industry.
COTI's mission is centered around making payments faster, more secure, cheaper, and more personalized than ever before. What sets COTI apart from other blockchain ecosystems is its unique consensus mechanism, <u>Proof of Trust (PoT)^2^</u>, which replaces the traditional Proof of Work (PoW) or Proof of Stake (PoS) mechanisms. This innovative feature allows COTI to reduce costs and increase throughput, providing a more efficient and streamlined payment process.
COTI, despite being an independent blockchain ecosystem, has been designed with the capability to interact seamlessly with other blockchain networks. To this end, COTI has developed a cross-chain bridge solution that allows for the transfer of assets between COTI and other blockchains. The current implementation of this solution connects COTI with the Cardano blockchain, facilitating the exchange of assets between the two networks. For more on COTI Cardano Partnership click here.
Summon Platform
What is Summon Platform ?
Summon Platform originates from the ADAO Community which is a Cardano DAO focused on open-source software development. Summon Platform aims to help Cardano communities on building their own on-chain DAOs. This service is particularly beneficial for communities that do not have experienced web3 developers, as it provides them with the necessary tools and resources to create and manage a DAO.
What is a DAO ?
A DAO, or Decentralized Autonomous Organization, is a type of organization that operates on a blockchain and is run through a set of predetermined rules that are encoded into smart contracts. DAOs are decentralized, meaning they are not controlled by any single individual or entity, but rather operate based on the collective decision-making of their members.
Generally, DAOs are used for managing a community, making decisions about the distribution of funds or resources, or voting on proposals. One of the fundamental principles of Decentralized Autonomous Organizations (DAOs) is the idea that "code is law", meaning that the rules and functions of the organization are encoded into its underlying code and enforced automatically through the execution of smart contracts on the blockchain. They are designed to be transparent and efficient and this allows for greater accountability and transparency, as all actions and decisions can be easily traced, audited and accessed by anyone.
One of the key considerations when a community decides to create a Decentralized Autonomous Organization (DAO) is to clearly define the purpose and rules for the organization. This includes determining the specific functions and goals of the DAO, as well as how it will be governed and how decisions will be made. The next step is to write the code for these rules and functions in a smart contract and deploy it to the blockchain. This will allow the DAO to exist and function on the blockchain, and will ensure that the rules and operations of the organization are transparent and open to inspection.
An Investigative Research on Cogito Protocol
Table of Contents
1. Cogito Protocol, What Do They Plan to Do and How
1.1. Products Offered by Cogito.
1.2. Innovative Practices Proposed by Cogito
2. Discussion
2.1. The Indices
Exploring Indigo Protocol
What is Indigo Protocol and What does it do?
Indigo Protocol is an autonomous synthetics protocol built on Cardano. They give their users the opportunity to be exposed to the price of real-world assets on the blockchain environment. These on-chain real-world assets are also known as synthetic assets.
What are Synthetic Assets?
In traditional financial system, the term Synthetic Assets refers to financial products that are derived from underlying assets or financial instruments. They are designed to replicate the characteristics and performance of these underlying assets, however, they are not the same as owning the underlying assets themselves.
For example, lets assume that a financial institution, such as a bank, created a synthetic asset based on Apple Inc. stock. In this case the created synthetic asset could be a synthetic exchange-traded fund (ETF). The created ETF would be backed by financial instruments, such as derivatives, swaps, or options, that are linked to the performance of the Apple Inc. stock. Someone who buys shares in the synthetic ETF would be exposed to the price changes of real Apple Inc. stock but would not own the actual shares of the stock.
The responsibility for synthetic assets typically lies with the parties involved in the creation and issuance of the synthetic asset, while the responsibility for the underlying real assets or financial instruments may lie with the parties that own or hold those assets or instruments (i.e. shareholders).