Thursday, September 22, 2022

Vasil Hard Fork Gift

In the early morning hours of September 22nd, Cardano is to have Vasil hard fork.

To celebrate the hard fork, I have planned a gift as a token of our appreciation.

This largest hard fork is named in honor of the late Vasil St. Dabov, a Bulgarian mathematician who was a longtime contributor to the Cardano community. Hard fork's September 22nd (early morning of the 23rd JST) coincidentally happens to be Bulgaria's Independence Day.

After about two months of work with Sakamoto, who is well known for creating coins for crypto assets (but not only), the Vasil hard fork version of the enamel Cardano coin is now complete! Actually, it arrived yesterday (21st), just before the hard fork.

Each piece is carefully polished and can be looked at forever. Flip side is done in silver.

I am giving away these Cardano coins (with case) as gifts to the first three winners! The application requirements are as follows:

Requirements: You must have a minimum of 2 epochs of delegation to the SUGAR stake pool after the hard fork.

How to apply: Contact me via Twitter DM (here)! We will be happy to answer any questions you may have.

I would be especially pleased if the delegates of our pool receive.

Only three coins with the letters Vasil hard fork have been issued.

We look forward to hearing from you!

Friday, August 26, 2022

Epoch 345: Special ward tax / city tax

This is the pool report. As an infrastructure engineer, I will do my best to contribute to the decentralization of Cardano. We also aim to operate a pool where everyone can stake with peace of mind.

About this epoch's reward

The block generation of epoch 343 is reflected. The result was just right for the pool size. Thank you for your continued support.

Next reward

Next time, the result of epoch 344 will be reflected. Many blocks are allocated to your pool. All the assigned blocks have been successfully generated.

Period of epoch 344:

Start: 2022-06-10 06:44 JST (UTC + 9)
End: 2022-06-15 06:44 JST (UTC + 9)

How to check rewards, etc.

ADApools
-> You can check the performance of the pool from the "Rewards" tab.
Reward history display and output method
-> Please refer to this when checking the reward with PoolTool (It seems that it may not be displayed due to function expansion)
SUGAR stake pool information
-> You can also check the following as pool achievements and additional functions. It will be updated after the epoch is switched. I hope it to be useful.
- How much is the calculated reward for this epoch?
- Past pool performance
- Simple reward check

Pool management

The pool continues to operate without problems.
The block generation node and relay node unit 1 are running with 32 GB RAM which has much higher spec compared to the minimum requirement of 12GB of RAM.
The usage rate of relay node unit 2 is also increasing. We hope to be able to upgrade before the Vasil HFC event planned in summer.

Special ward tax / city tax

Notification of special ward tax and metropolitan tax due to staking etc. has arrived. I felt like it was finally here, but I will have to pay an additional tax of about 500000 yen. Combined with the income tax paid in April, it will be a considerable amount.

I feel like I'm working as an office worker to pay taxes. Many people move overseas due to the high tax rate, but I think that some people can not. Cryptocurrency has a risk of collapse in price, but it also has a risk of tax payment. I think it's a good idea to check staking and tax payment as soon as possible because you can take measures such as how much profit you should make.

Be especially careful if the price soars and you get a staking reward, and if it plummets the following year, it can be tough.

The story goes awry, but recently I went to the vaccine venue to get a vaccine. There were too many staff members doing assembly line work. Many of them looked doing a job that was not a must work, like only guiding patients to go from a booth number 1 to number 2, which is just 10 meters away. I was puzzled how the tax was being used.

Some people are working on the revision, so let's cooperate if you have a questionnaire.

Cardano events, etc.

Marlowe Pioneers Program (MMP)

It started on May 19. I also have taken Plutus Pioneers Program 3rd cohort, and I think that it helps me understand and write blogs especially when I need to read and write about technology. So I am taking MMP as well at my own pace, to deepen my understanding.

Marlowe: https://marlowe-finance.io/

It is a portal for Playground, FAQs, documents, etc.It's also interesting to be able to create smart contracts with no code using Blockly.

The 2nd lecture touched on Marlowe Run and Marlowe Playground.

Please see if you are interested.

In the 3rd lecture, I made a basic contract at Marlowe Playground. I also used Blockley, Marlowe's complement, contract testing, and metadata features. Originally, Marlowe has more limited functionality than Plutus. It is said that you can write a safe contract that works as intended.

The 4th lecture is a lecture to write contracts with Haskell and JavaScript. It's a language I don't usually use, so it's very difficult for me. I set up my PC for Marlowe.

DMM Bitcoin

From June 6th, Cardano (ADA) is listed on the domestic crypto asset exchange DMM Bitcoin. It seems to be leverage only.

Djed

There seems to be more development in stablecoin and Djed. Continued study and case studies are needed to deepen understanding.

The test net for Stablecoin Djed has started. (Djed Public Testnet is Live !) If you have a Nami Wallet, you can try it.

Cardano Summit NFT Minting

The Terravirtua blog explains how to do this. You can do it just by logging in, linking Nami Wallet, and stepping on mint, so don't forget to check it if you haven't done so already. In my case, 7 NFTs were displayed on Walletin less than 5 minutes.

Your Guide to Cardano Summit NFTs: https://blog.terravirtua.io/partnership-news/your-guide-to-cardano-summit-nfts/

ADA/USD

Upper: In the daily candle chart, the 5-day moving average has become resistance.
Middle: Yellow-green RSI and MFI are moving sideway.
Bottom: MACD shows a downtrend.

Fear & Greed Index is at Extreme Fear. It has been at this level for a long time.We are gradually increasing crypto assets in our portfolio.

As always, please DYOR. It is not an investment advice, but a part of an important asset check and support for Cardano. I am looking at a daily chart from a long-term perspective. We sometimes make forecasts of trends, but this is just one way of looking at as an individual. After conducting a multifaceted analysis, please trade at your own risk.

Thank you for reading to the end.If you would like to support Cardano together, I would be grateful if you could follow us on Twitter.If you find it useful, please consider to cooperate by delegating to the SUGAR stake pool.

Epoch 347: The U.S. House of Representatives Committee on Agriculture, Joins Linux Foundation as Gold Member

This is a pool report. As an infrastructure engineer, I am committed to contributing to the decentralization of Cardano. We also aim to operate the pool in such a way that everyone can enjoy staking with peace of mind.

Pool Report

This epoch's reward

It reflects the block generation of Epoch 345. The results were a little low for the size of the pool. Thank you for your continued support.

Rewards for the next epoch

The next epoch will reflect the results of Epoch 346. The allocation of blocks was small relative to the pool size. All allocated blocks were successfully generated.

Duration of Epoch 346 :

Start: 2022-06-20 06:44 JST (UTC+9)
End : 2022-06-25 06:44 JST (UTC+9)

How to check rewards, etc.

ADApools
-> You can check the performance of the pool from the "Rewards" tab
SUGAR stake pool information
-> You can also check the following as pool achievements and additional information. It will be updated after the epoch is switched. I hope it to be useful.
- How much is the calculated reward for this epoch?
- Pool performance history
- Simple reward check

Pool Management

Server related

The pool is running without any issue.
The block generation node and relay node Unit 1 are operating with 32 GiB of memory that is twice more than recommended.
Relay node Unit 2 is also seeing higher utilization. We hope to be able to upgrade before the postponed Vasil HFC event at the end of July (planned).

Vasil HFC Postponement announcement

Testnet: at the end of June (Planned)
Mainnet: the last week of July (Planned)

https://iohk.io/en/blog/posts/2022/06/20/vasil-upgrade-the-state-of-play/

Cardano Events, etc.

The U.S. House of Representatives Committee on Agriculture, Subcommittee on Commodity Exchanges, Energy, and Credit

The Future of Digital Asset Regulation: https://youtu.be/K4ZM2AlGT-s

This is a public hearing on the regulation of digital assets, with IOG CEO Charles Hoskinson in attendance to testify about digital assets and the future: KYC, AML (anti-money laundering), user protection, looking at the effectiveness of regulation with an eye to the future, who should regulate and how should do, and other constructive discussions.

I watched the video all the way through and here are the parts I thought were important although I am not a specialist at the law and regulations.

Cryptocurrencies can be securities, commodities, both, or none of them, and the existing US regulatory system does not envision such assets. Such category-based regulation could stifle innovation. A principles-based approach would encourage industry development and maximize potential. A precedent is the regulatory framework for the Internet. The Internet is not controled by a national institution, but a collaboration of interconnected and interdependent institutions and private companies.

The industry can self-regulate and solve various problems through the use of software and other tools.

Cardano has presented solutions and use cases over the past few years, such as Atala Prism for decentralized ID, Atala Trace for visibility into supply chain processes, VeriTree, and more. I felt that we are heading in the direction of the saying that it is more important to create a system that "Can't be evil" than to caution people to "Don't be evil".

Four years ago, I had the pleasure of watching a panel discussion in which Mr. Hoskinson was a participant. I remember being impressed that he stood out among the participants and had deep insight not only into the technology, but also into the importance of regulation and community.

IOHK blog: Future of Digital Asset Regulation - testimony of Charles Hoskinson

The Cardano Foundation has joined the Linux Foundation as a Gold Member.

Linux Foundation members: https://linuxfoundation.org/our-members-are-our-superpower-2/

This is an exciting announcement in technology sector. Linux is the most popular open source operating system, and the stake pool is also running on a Linux-based operating system.

About the Linux Foundation
Founded in 2000, the Linux Foundation and its projects are supported by more than 1,800 members and is the world’s leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation’s projects are critical to the world’s infrastructure including Linux, Kubernetes, Node.js, Hyperledger, RISC-V, and more. The Linux Foundation’s methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration.

Quoted: https://cardanofoundation.org/en/news/cardano-foundation-joins-linux-foundation-as-gold-member/?utm_content=212443546&utm_medium=social&utm_source=twitter&hss_channel=tw-4135644558

Lace (New Light Wallet)

Lightweight for ease of use
Acts as a portal to Web 3.0, peer-to-peer interaction
Updated based on user feedback and developed in an agile manner, so it's like "coming back from vacation to find that new features have been added

V1.0 features include

Secure custody of funds
Transactions and payments
NFT custody and display
Delegation of stakes
Interaction with various DApps
Quoted: https://iohk.io/en/blog/posts/2022/06/10/lace-speed-simplicity-and-seamless-flow/

In the long run, it will support "Atala PRISM's integrated identity and personal data management, Project Catalyst's easy registration and voting" capabilities. What used to require pre-preparation and voting across apps will then be possible with a single wallet. The wallet could also integrate with the EVM sidechain and be interoperable with other chains, making it easier for non-developers to use and increasing the number of users.

Lace.io: https://www.lace.io/

Minting the Cardano Summit NFT

The Terravirtua blog explains how to do this. You only need to log in, link your Nami Wallet, and mint the NFTs, so don't forget to do that if you haven't already. In my case, it took less than 5 minutes and 7 NFTs appeared in my Wallet.

ADA/USD

Upper: Daily candle chart shows a sideways move.
Middle: The white MFI rose to 52.
Lower: MACD has broken above.

Fear & Greed Index is at Extreme Fear. It has been at this level for a long time. We are gradually increasing crypto assets in our portfolio.

Thank you for reading to the end. If you would like to support Cardano together, I would be grateful if you could follow us on Twitter. If you find it useful, please consider to cooperate by delegating to the SUGAR stake pool.