Welcome to This Week In Cardano

Read time: 4 minutes

🧑‍💻 Job of the Week

Are you interested in a career in the blockchain industry?

Look no further than the Job Board, powered by CardanoJobs.io! The premier destination for job seekers looking for exciting opportunities within the Cardano ecosystem.

By using our Job Board, you'll have access to exclusive job listings from top companies and projects within the Cardano community.

Here is the job of the week: Technical Project Manager @GRINLabs👇

Are you a company building in the Cardano ecosystem and looking for developer talent?

Then contact us or enter your job opportunity directly at Cardano Jobs!

Hi Cardano Community,

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

Bevor we dive in let's start with the most exciting announcement in the Cardano Ecosystem this week: the #Cardano Summit 2023 has been announced 🥳:

 📆 From 2-4th of November 2023 in 🇦🇪 Dubai

We will definitely be there to meet, connect & exchange and have a beer with as many of you as possible 🍻 What about you?

Write in the new comment section if you are planning to come and what are you most excited about. 👇

This is what we have for you today:

Since this week was very eventful we have small knowledge bites today to keep you up to date:

• 🐍 Hydra Head Live on Cardano Mainnet

• 🏅Cardano's NFT Market ranks top 5 Globally

• 🤝 Mesh and Harmonic Labs Collaboration

• 🔐AadaFinance's V1 Smart Contracts Audit

• 📒 Book.io Goes Multi-Chain

• 🏆Cardano foundation won the People's choice award

• 🔀 Integration with Ledger Enterprise

• 💎 Gem of the Week

• 🧑‍💻 Cardano Job Board

🐍 Hydra Head Live on Cardano Mainnet

The Hydra team has been making significant progress toward mainnet compatibility and preparing for the mainnet beta release.

If you want to try out the Hydra Demo App go to: https://hydraw.ncoding.at/

This initiative is set to enhance the speed and efficiency of transactions while reducing transaction costs.

The Hydra family of protocols, with its first member, Hydra Head, lays the groundwork for advanced deployment situations.

IOG is already collaborating with MLabs to create a reference implementation of an auction using Hydra protocols. This partnership aims to develop further and optimize the functionality of Hydra, allowing it to be leveraged in real-world scenarios.

Additionally, IOG is working with Obsidian Systems to drive the development of use cases based on the Hydra Head protocol, such as Hydra for Payments. This collaboration aims to bring Hydra's scalability solutions to payment systems, which slow transaction speeds and high costs have traditionally hampered.

The development of Hydra and its related protocols is a significant milestone for Cardano, with the potential to revolutionize the blockchain industry. These collaborations and initiatives are set to accelerate the development of this solution and ultimately help Cardano maintain its position as a leading blockchain platform.

🏅Cardano's NFT Market ranks top 5 Globally

The fact that Cardano's NFT market is still ranked in the top 5 globally during a bear market is a testament to the strength and potential of the Cardano ecosystem. It shows that despite market fluctuations, there is still demand for NFTs on Cardano.

This is important because it demonstrates the value of the Cardano blockchain and its ability to support a variety of use cases, including NFTs.

Mesh and Harmonic Labs Collaboration Brings User-Friendly NFT Marketplace to the Cardano Community

Mesh has announced a collaboration with Harmonic Labs to develop an end-to-end marketplace that enables users to buy and sell native assets such as NFTs easily. This collaboration aims to provide a straightforward platform for the Cardano community, with a guide, a well-documented live demo, and a starter kit.

This initiative is set to enhance accessibility to NFTs, allowing anyone to participate in the marketplace. The marketplace smart-contract facilitates the buying and selling of NFTs, with the seller specifying the desired price for their asset.

AadaFinance's V1 Smart Contracts Pass Comprehensive Security Audit by Vacuumlabs in Aiken

AadaFinance has successfully completed a security audit of its V1 smart contracts by Vacuumlabs in Aiken, marking the second audit for the company's V1 platform. This initiative sets a high standard for future development on the Aiken platform.

The audit, which focused on several types of attacks, including double satisfaction, stealing of funds, violating business requirements, token uniqueness attacks, faking timestamps, locking funds forever, denial of service, unauthorized minting, and loss of staking rewards, lasted from 8 March 2023 to 21 March 2023.

The audit conducted by Vacuumlabs was incredibly comprehensive, and the team fixed all but one issue that was acknowledged, which is marked in the report accordingly. The audit provides a significant level of assurance regarding the security and reliability of Aada Finance, enhancing user trust and confidence.

Demeter Run Template Showcases On-Chain Plutus V2 Contracts Invocation with Java Programming

The recent release of the Demeter Run template has demonstrated the invocation of on-chain Plutus V2 contracts using the Java programming language.

This is an exciting development as it allows developers to write smart contracts on Cardano in a language that they may already be familiar with. Additionally, the template also features extra bindings for aiken, Cardano's smart contract language and toolchain, such as a cost calculator.

The template is currently available for testing on the Cardano preview network and is accompanied by Koios.

📒 Book.io Goes Multi-Chain

The expansion of Book.io to multiple chains is a significant development for the Cardano ecosystem. Now, book.io is also available for the Polygon Community. The first book is the Wizard of Oz whereof 100 free copies are gifted to the Polygon community.

It demonstrates the potential for further growth and adoption of Book.io. Additionally, the launch of mobile apps makes it easier for users to access and read books on the go. As an individual user, you can benefit from this by trying out Book.io and experiencing a new way of reading books that is decentralized, secure, and convenient.

Cardano foundation won the People's choice award

The Cardano Foundation has been awarded the People's Choice Award for delivering the best speech, panel discussion, and workshop at the Paris Blockchain Week. The foundation's presentation was well-received by attendees, who praised the team's deep knowledge and understanding of blockchain technology and RealFi.

🔀 Integration with Ledger Enterprise

The integration of Cardano with Ledger Enterprise is a significant development that can help boost institutional adoption of the ecosystem. By providing world-class enterprise security, Ledger Enterprise can help organizations securely self-custody their digital assets while taking advantage of the low fees and fast transactions offered by Cardano.

This is important because it can help increase the overall adoption of Cardano and bring more mainstream users into the ecosystem. As an individual user, you can benefit from this by knowing that Cardano is becoming more widely adopted and that more resources are being invested in the ecosystem, which can help drive innovation and growth.

Interested in sponsoring this Newsletter?

💎 Gem of the Day 🧵

Subscribe to This Week in Cardano 👇

If you want to:

• Quickly gain fundamental blockchain knowledge

• Use a metric-base assessment framework to make informed decisions

• Have example assessments of major Layer1s already bring you way ahead of 95% of the people in the space

Then this eBook is for you👇

Ok, that's it for today. If you like what you are getting here, please

Share This Week In Cardano

with friends, family, or just other (crazy 😉) Crypto & Cardano Enthusiasts

Give us Feeback!

We would love to hear from you!

• What did you like?

• What can we do better?

• Which topics are you interested in?

Write us, we will read and answer every email, pinky promise :)

If you want to learn more about Cardano, crypto metrics and fundamentals give us a follow

@Dimoneymindset and @Soorajksaju

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.3