Hey Cardanians! Welcome aboard the Weekly Cardano Digest #30!!

We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.

Here are the topics of the week:

• Cardano Gears Up for Chang Hard Fork: Node v9.0 and Decentralized Governance

• The Cardano Stablecoin $USDA Continues Launch Under New Ownership

• Cardano-Powered Sci-Fi Shooter Chronoshot Debuts on Epic Games Store

• Minswap V2 Goes Live With Aiken Smart Contract Language

• Weekly Development Report

• & More!

This newsletter is segmented into categories of less technical news topics to those that are more technical, in an effort to make it easier for our readers to follow. The first category will focus on news involving the Cardano ecosystem, while the second category will focus on projects that have been announced recently. The third category, which will be found towards the end of the newsletter, will focus on the most technical topics. 

This week on Cardano…

Cardano Gears Up for Chang Hard Fork: Node v9.0 and Decentralized Governance

The Cardano blockchain is undergoing a significant transformation with the upcoming Chang hard fork, scheduled for the end of July 2024. This critical upgrade, facilitated by the recent release of Cardano node v9.0, lays the groundwork for the implementation of a decentralized governance system, a central objective envisioned during Cardano's Voltaire era. 

Cardano node v9.0 represents the final development step needed for the Chang hard fork to occur. This new node version equips validators with the necessary tools to seamlessly transition the network to the Chang era. The hard fork itself will be executed in a phased approach. The technical specifications for this system are outlined in Cardano Improvement Proposal (CIP) 1694.

Chang #1 will mark the initial stage, introducing foundational governance features. This paves the way for the Cardano community to actively participate in the decision-making process through voting mechanisms. The second stage, Chang #2, builds upon this foundation by unlocking the full potential of CIP-1694's on-chain governance capabilities. 

Through these stages, the Cardano community will progressively gain greater influence over the protocol's evolution, including the ability to vote on proposals and shape the future direction of the Cardano ecosystem. READ MORE

The Cardano Stablecoin $USDA Continues Launch Under New Ownership

The Cardano stablecoin, initially developed by Anzens, is getting a fresh launch under the leadership of Encryptus, a seasoned crypto trading desk. EMURGO, who provided technological support to Anzens, will continue this role for the relaunch. This news follows challenges Anzens faced in bringing USDA to market last year.

Encryptus brings a strong track record in secure and efficient crypto transactions, catering to high-volume users. Their focus on compliance, with licenses and a large payout network, positions them well for managing a stablecoin. They already collaborate with EMURGO on solutions for the Yoroi Wallet.

Among the new features are: global access through worldwide off-ramps, fostering participation in emerging markets with affordable liquidity, and simplifying Web3 entry for businesses and individuals.

Cardano users can expect Encryptus to ensure the smooth operation of USDA, a native Cardano stablecoin offering user autonomy and low-cost transactions. Encryptus' experience and compliance-centric approach aim to empower businesses and emerging markets with a reliable stablecoin solution. READ MORE

Cardano-Powered Sci-Fi Shooter Chronoshot Debuts on Epic Games Store

Chronoshot, a free-to-play sci-fi shooter game built on the Cardano blockchain, is now available for wishlisting on the Epic Games Store. This marks a significant development for blockchain integration within established gaming platforms.

Developed by RFLXT, Chronoshot is currently in its early access phase. This initial release offers players two single-player modes with leaderboards to test characters and provide feedback for ongoing development. The highly anticipated multiplayer mode is slated for a later launch in 2024.

One unique feature of Chronoshot is its connection to the Cardano blockchain. Players utilize RFLXT accounts, which integrate Cardano-based NFTs for character upgrades and potential competitive advantages. This approach aims to cater to both blockchain enthusiasts and traditional gamers who may be new to crypto wallets. Regardless of their familiarity with blockchain technology, all players can access these NFTs. This ensures everyone can enjoy the core gameplay without needing a crypto wallet and its integration showcases the potential of blockchain technology in the future of gaming. READ MORE

Minswap V2 Goes Live With Aiken Smart Contract Language

The Cardano blockchain ecosystem welcomes two significant developments: the launch of Minswap V2, a decentralized exchange (DEX), and the introduction of the Aiken smart contract programming language.

Minswap V2 Launch:

• This update to the leading Cardano DEX prioritizes user experience.

• A redesigned interface provides a more user-friendly trading experience.

• New functionalities include dynamic fees and partial fill features.

• Transaction processing is reportedly five times faster compared to the previous version, potentially due to the integration of Cardano's Aiken and Plutus V2.

• Advanced order types and auto-routing cater to experienced traders.

Introduction of Aiken:

• Aiken is a new smart contract programming language designed specifically for Cardano.

• Its focus is on simplifying and enhancing smart contract development.

• The language features an easy-to-learn syntax and seamless integration with existing development tools.

• Aiken incorporates modern functionalities to meet developer expectations.

• The Cardano Foundation sees potential in Aiken to streamline development and encourage further ecosystem growth.

This combination of Minswap V2's user-friendly trading platform and Aiken's potential for easier smart contract development could contribute to a more accessible and efficient Cardano ecosystem for both users and developers. READ MORE

Weekly Development Report

Interesting Stories:

1. The Project Catalyst Voting Period for Fund 12 Proposals Is Now Closed

2. Intersect Confirms Constitutional Member-Body Council

3. Advanced digital asset training platform Crashr.io launched public beta this week

4. Sky Protocol introduced universal Layer 2 solution for scaling Cardano’s sidechains

🎊 A Message from Lucas 🎊

Exciting news, everyone! Preparations for the Argentina Digital Nation event are in overdrive this week, which is why I haven’t been too active on social media. This can't-miss gathering brings together industry leaders to explore blockchain, Web3, and entrepreneurship. Don't miss out on the limited-time 60% discount for early bird tickets! ️If you’re traveling from afar and need help with travel logistics, I’m here to help! Please don’t hesitate to reach out. This is the last stretch before this incredibly important event takes place in Argentina and we are continuing to have crucial meetings with key government actors. Hundreds of people have already registered so make sure to do the same!

We're always striving to deliver the best Cardano Newsletter possible, packed with the latest information you need. Help us improve! Take a quick minute to share your feedback.

–Lucas Macchiavelli