#017: 🎨 New Year - New Style: Rebranding JIT to TWIC

PLUS: Cardano and India - Land of Upcoming Opportunity?

Author

Laura & Sooraj
January 02, 2023

Welcome to This Week In Cardano

Read time: 5 minutes

Hello and Happy New Year Cardano Community 🥳

Welcome to This Week In Cardano - your daily Newsletter covering the main updates in the Cardano Ecosystem!

This is what we have for you today:

  • Rebranding - Just The Metrics turns This Week In Cardano

  • India and Cardano - Land of Upcoming Opportunity or Dead End?

Just The Metrics turns This Week In Cardano

Ok, you got us...something has changed here. 👀 

You are right, basically, everything has changed: the color code, the icon, yes, even the publication frequency!

We thought: NEW YEAR - NEW STYLE

That`s why we decided we will go from weekly Layer 1 comparisons to daily Cardano Ecosystem Updates.

But no worries: we will also keep up once a month with the application of the Assessment Framework and compare major Layer 1 Blockchians regarding their degree of Decentralisation, Security, and Scalability.

In the meantime check out our new book "A 3-Step Assessment Framework for Layer1 Blockchain" to form your own well-founded, metric-based opinion.

#FollowTheMetricsNotTheHype

A 3-Step Metrics-Based Assessment Framework for Layer1 Blockchains (eBook) (ENG)

🏆 The First Book in Crypto that provides a metric-based Assessment Framework to evaluate Layer1 Blockchains based on the dimensions of the Blockchain Trilemma. It's an easy-to-understand and accessible Assessment Framework for blockchain evaluation based on the 3 dimensions of the Blockchain Trilemma indicating the degree of decentralization, scalability, and security.❓Maybe you know some or all of this: ❌ You are new to the crypto space and you feel lost in all the diverse and opposing information❌ You don't know where to look for trustworthy information❌ You have no time to do endless hours of research❌ You have been in the crypto space for a while and you are tired of all the hype and coin pumps.❌ You want to build your profound understanding of different blockchain projects❌ You want to understand the differences between projects from a fundamental, metrics-based perspectiveBut don't worry. We have been there, too. This is why we wrote this book!When it comes to classical stock evaluation, standardized frameworks, metrics, and procedures exist.What is already common sense in this asset class is a green field in the crypto market. Here, many bases their investment decisions due to complexity and information asymmetries on following the hype on Twitter or the narrative of influencers who might just want to dump a coin.This eBook sheds some light on the currently unstructured, distributed, and inconsistently crypto asset market.🤔 How is this possible, you might ask?The ebook provides you with a go-to framework for a Layer1 Proof of Stake Blockchain Assessment.......so that you will be able to understand:✅ What is the difference between stock evaluation and crypto assessments?✅ Why is a metric-based Assessment Framework essential to evaluate Layer1 blockchain projects?✅ What is the Blockchain Trilemma and why is the Assessment Framework based on it?✅ What metrics does each dimension of the Blockchain Trilemma contain?✅ How to apply the Assessment Framework - A simple guide.✅ Example assessments that show you step-by-step how to apply the Assessment Framework✅ A list of resources to research the metrics and to conduct your own assessment of Layer1 blockchains. 💎 How you benefit from the book:💎 You gain fundamental blockchain knowledge you would need weeks or months to collect the information from websites, Youtube and Twitter💎 You have a go-to framework that provides an understanding and gives an indication of the status quo of Layer1 Proof of Stake Blockchains, regarding their degree of decentralization, scalability, and security 💎 You have guiding principles and fundamental metrics at hand that helps you when it comes to making investment decisions. (because conducting such a quantitative assessment before making an investment decision should be a prerequisite for everyone in crypto for the long-term game.)💎 The provided example assessments of major Layer1s already bring you way ahead of 95% of the people in the space who just follow the next best Crypto influencer when it comes to their investment decisions.📖 What you will get - A sneak peek into the outline of the bookIn chapter 1 we will dive into the crypto assessment and shed light on why a metrics-based assessment framework is important.Chapter 2 deconstructs the development of the L1 Proof-of-Stake Blockchain Assessment Framework based on the Blockchain Trilemma and provides a detailed step-by-step guide and explanation of what metrics the Assessment Framework comprises.Chapter 3 provides example assessments of major Layer 1 Blackchins and demonstrates the practical application of the developed framework. Finally, Chapter 4 provides you with the most basic resource links to apply the Assessment Framework to conduct your own assessmentThis Assessment Framework has been deliberately designed to be as simple and accessible as possible so that also crypto beginners can work with it. I hope it will help you to start analyzing the fundamentals of existing or upcoming blockchain projects and to make more informed decisions.🎁 After you buyAfter you purchase the eBook, the download link will take a few minutes to come to your email inbox due to PDF stamping. Make sure you enter the correct email address at checkout. It can take up to 10-15 minutes before you receive the link. Be patient :)What if you haven't received the link?If you don't get the email with the link within 30 minutes reach out to us and we'll send it manually as soon as we can! Gumroad can act up sometimes :( ⚠️ Important noticeThis is a PDF download. No physical product will be mailed to you.We don't accept returns of the eBook - for obvious reasons. Make sure it's for you before you buy.

https://bit.ly/3PXcPcR

What This Week In Cardano (TWIC) is all about:

We are excited to bring you updates on the latest developments and innovations within the Cardano Ecosystem.

As you may know, 2022 was a groundbreaking year for Cardano with the successful implementation of the Vasil Hardfork Combinator event and the growth of various dApps on the platform.

We believe that 2023 will be even more exciting 🥳, with the continued expansion of the Cardano Ecosystem and the development of tools to make it easier for developers to join the community.

That's Why We Are Here:

Our goal with this daily newsletter is to keep you informed about the most important and relevant events happening in the Cardano world, so you don't have to spend hours searching for updates on social media or elsewhere.

We hope you find it useful and look forward to sharing the latest news with you.

This Week In Cardano

Your Daily Newsletter covering all major events happening in the Cardano Ecosystem

India and Cardano - Land of Upcoming Opportunity?

India is home to the world's largest democracy, with a population of over 1.3 billion people. With its long history of democratic governance and commitment to fundamental rights, India is a unique and fascinating place.

Now India is home to a large and skilled workforce, with a strong tradition of technology and engineering. This has made it an attractive location for tech companies looking to tap into this talent pool and take advantage of the country's expertise in the tech industry.

In fact, India is emerging as a major tech hub and is home to a number of successful tech companies and startups.

Over the last 12 years, India has made an incredible impact in improving economic inclusion for its citizens. So let’s take a look at those numbers:

Aadhaar ID program

This unique identification system has assigned a 12-digit number to every resident of the country, linked to biometric and demographic data for the purpose of verifying identity.

Launched by the government in 2010, the program has played a significant role in increasing access to financial services, with 1.31 billion IDs generated to date. The World Bank estimates that the Aadhaar ID program decreased the customer onboarding cost for Indian banks from $23 to just $0.15, thereby bringing millions of Indians into the formal financial system.

Unified Payments Interface (UPI)

The Unified Payments Interface (UPI) is a game-changing payment system developed by the National Payments Corporation of India (NPCI). It enables real-time, instant inter-bank and person-to-merchant transactions on mobile devices, making it easy to transfer funds between bank accounts.

The UPI has been a tremendous success in India, achieving widespread adoption and processing over $100 billion in transactions per month just five years after launching.

Like the Aadhaar ID program, it has had a significant impact on the country's financial sector and has transformed the way people make payments. Its success demonstrates the power of technology to drive progress and improve people's lives.

Affordable Internet Access for All

In 2009, only 5% of the Indian population had access to the internet, and to realize the full potential of the Aadhaar and UPI programs, low-income Indians needed an affordable way to access the Internet.

Over the past decade, the growth of the internet in India has been explosive, and a key factor driving this growth has been the availability of affordable internet access. Companies like Jio, with their low-cost data plans, have made it possible for people from all income levels to access the internet.

This availability of affordable internet access has contributed to a staggering increase in overall internet usage in India. Currently, the country boasts over 550 million internet users, and projections estimate that this number will reach 800 million by 2023.

One of the fastest-growing countries in the world by open-source contribution

The internet boom in India has led to a growth in the number of developers. In 2021, 1.8 million new developers joined GitHub in India, bringing the total to 5.8 million. On GitHub, India saw a 75% increase in contributions, such as issues and team discussions, compared to a global increase of 40%. The number of contributors in public repositories also increased by 80% in the previous year.

Over 1 million developers in India created their first repository on GitHub, making India the fastest-growing country for open-source contributions. It is predicted that the developer community in India will reach over 10 million by 2023. This is a huge positive factor for the growth of web3 in India.

The Case for Cardano in India

When you look at the raw metrics, Cardano is the most decentralized blockchain. When you look at the sheer size of blockchain communities, Cardano is the third biggest after Bitcoin and Ethereum.

After the Vasil HFC event, Cardano can now support the development of sophisticated financial tools on top of it. And now we are seeing a rapid expansion of the Cardano ecosystem when it comes to deploying dApps and tools that can help onboard new developers.

India and the regulatory hurdles

It is true that the regulatory environment for cryptocurrencies in India has been somewhat uncertain in the past. However, it does seem that things are changing, and the government has taken steps to provide more clarity, particularly when it comes to taxation. This is a significant development, as it can help to create a more stable and predictable environment for cryptocurrency businesses and investors in the country.

In addition, the Indian government has also been supportive of the growth of the web3 startup ecosystem in the country. The web3 ecosystem is growing rapidly in India. The main beneficiaries of this growth have been ecosystems like Ethereum and Polygon.

How can the Cardano ecosystem leverage India to achieve growth

One way for Cardano to continue growing and achieving its potential would be to onboard the growing open-source developer community, which can build innovative decentralized applications (dApps) leveraging its E-UTxO ledger model. This is an area where organizations like the Cardano Foundation and Emurgo can play a role by working to attract and support developers who are interested in building on the Cardano platform.

Developers are the essential part of the web3 ecosystem and can play a significant role in building and shaping the community. As India becomes more and more crypto-friendly, an already established Cardano developer ecosystem can leverage a favorable regulatory environment along with cheap access to the internet to accelerate the user adoption of Cardano.

Conclusion

As India becomes increasingly crypto-friendly, we can leverage the rapidly advancing developer onboarding tools (Mesh, Demeter Run, and Plu-ts, etc.) with the support of organizations like Cardano foundation, Emurgo, and Gimbalabs to onboard new developers to the Cardano ecosystem. In that case, Cardano will profit from the vibrant web3 developer ecosystem in India and eventually broaden its user base in India.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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