Emurgo over time

It is not production code, since he does not write production code, but it shows how to do zero knowledge and MPC on Cardano, with help from Stefan Contu, Ruslan at Emurgo, and Giuliano.

The hardest layer is whether Emurgo can be a trusted entity again, since this is not a bug but bad code deliberately added, needing an impartial investigation.

critical Doubts whether Emurgo can be a trusted entity again after the breach.

IO always errs on transparency, requesting independent third party reports from Emurgo, and will re-audit Lace and its own infrastructure in the age of AI.

IO is not Emurgo: it has no ownership or control, did not write the code, and cannot offer a remedy or take accountability.

neutral Distances IO from Emurgo: no ownership, no control, did not write the code.

Emurgo's current estimate is an impact of about 16 million ada, with the platform in secure maintenance mode and a balance snapshot taken.

Second Fi from Emurgo has had a security incident, per its own tweets isolating the root cause to its native Cardano web wallet generation software.

critical Reports a security incident at Emurgo's Fi platform.

The vision was laid out after months of talks with IOG, Plutus, the Cardano Foundation, Emurgo, and builders, and the nine proposals cost half of the 2025 draw.

Urges people to vote for the coming proposals and become Midnight ambassadors, since the Pentad only happened because the Midnight Foundation and Emurgo's Phil reconnected everyone.

Says he is not in charge of the decentralized ecosystem, offering only an opinion validated by doing it with Midnight, and recalls Cardano's three founding entities where Emurgo was to be consensus and the foundation the Ethereum Foundation.

Nobody argues the other side because brand and marketing were never a priority of the foundation or Emurgo, IOHK stopped funding things like the Cardano Effect, and there has been no narrative control since 2021.

Praises the four other core entities, Phil from Emurgo, Jack from Intersect, Frederik Gregaard from the Cardano Foundation, and Fahmi Syed from the Midnight Foundation, for acting well in unfair negotiations.

Everyone in the Pentad is at a loss, with the CF, Midnight Foundation, IOG, Emurgo, and Intersect facing out-of-pocket costs and multi-year liabilities, while IOG is not even a signer yet its leadership still expects reimbursement.

Each Pentad member's strength: Emurgo in Asia, Intersect as the members organization, Midnight as the commercial arm, and wants Pragma represented too.

After the fork incident they created a Pentad of five entities: the Cardano Foundation, Emurgo, Input Output, the Midnight Foundation, and Intersect.

Recalls the fragmented IO, Emurgo, and Foundation Slacks of early Cardano and wants one curated engagement layer with selective disclosure aliases.

The hot warm cold peer system reverted nodes to trusted Emurgo and Cardano Foundation bootstrap peers, which slowed the pig chain.

The Midnight ecosystem group offers white glove DevX from hackathons to Series A co-investment, fixing what Emurgo and the CF never did.

Blames Emurgo for neglecting the builder pipeline and takes personal accountability for IO's failed seed fund.

Emurgo and IOHK created Intersect, community funded with a majority elected board, the product function, and the GitHub repos, but 600 million ADA stays trapped at the CF.

Emurgo saw its endowment as a reward with weak deliverable controls, and new leadership under Phil wants to build USDA and Yoroi but lacks the old capital.

The trifecta origin: IO took science, the Foundation took governance, and Emurgo took commercialization funded by the 72 million ADA sale.

DevRel is missing at the CF and Emurgo, and helping builders gets misused as a Charles endorsement, so developer engagement must change.

The CF's deal barred IO and him personally from the open source project, forcing Emurgo and IO to create Intersect.

Advises builders to find their ecosystem interfaces, Rafa at the CF, JJ at IO, Phil at Emurgo, and start small like a Twitter space, not a marriage proposal.

Cites the Japanese whales who bought at 0.2 cents and sold at dollar increments, and Phil from Emurgo who ran this function in Singapore.

Answers the moved goalpost about unclaimed ICO ADA funding another organization, noting the TGE entity funded the CF, IO, and Emurgo.

The panel frames everyone as a Cardano citizen now with Hoskinson a regular founder-citizen, expecting IO, Emurgo, and the Foundation to each pursue their own roadmaps while the community sets the pace.

IO and Emurgo then built Intersect over a year, but the Foundation demanded an eight-figure sum, refused to match IO's contribution or even the mid-six-figure University of Wyoming amount, and quietly built Pragma while negotiating.

IO and Emurgo then created Intersect, an American nonprofit funded by a Caribbean Dev trust they bootstrapped with over 10 million dollars, but the Foundation used that Caribbean entity as an excuse not to join the board.

Basic governance, membership, and board-election tasks went undone until the Guardians of Cardano and community ousted the Foundation board through social pressure, replaced by an interim Emurgo and IO board.

Weak Emurgo execution left the community struggling with listings, VC, and representation, noting Sebastien and Nico left to found dcSpark, leading to Flint and Paima, and the Emurgo CIO made good investments.

Code and momentum lock in past decisions and cannot change instantly because exchanges, SPOs, and dApp developers depend on them, and that Emurgo was meant to be the ecosystem growth hacker and near-consensus entity focused first on Asia.

Cardano's core entities, Emurgo, the Foundation, and Input Output, sometimes coordinate and sometimes do not, and good governance lets them move forward for the greater good despite different incentives.

IO will donate for and hold at least 50 constitutional workshops in 50 countries to mark up a constitution and elect delegates to the Argentina convention, hoping the Foundation and Emurgo add more.

He did not staff the independent Cardano Foundation or Emurgo, and that input endorsers would significantly change the monetary policy and emission schedule.

Says if CIP 1694 does not pass he is out of ideas and IO will burn its genesis keys, leaving Emurgo and the CF to decide, since any deviation regresses to a more centralized or radically divergent state.

Shows the Ken Kodama and Manabu Mezaki signatures, and confirms IO controls three keys plus two delegated from Emurgo and two from the CF, a 3-2-2 model operating since 2019.

On-chain data shows five IO signatures rather than three because Emurgo delegated its keys to IO as a custodian for operational and security reasons, revocable at any time.

Shows 11 people from IOG, the CF, and Emurgo signing a well-formed update proposal submitted to the network, with weeks of latency.

The seven keys were distributed 3-2-2 to IO, Emurgo, and the Cardano Foundation, needing five of seven to upgrade after a social process, the Shelley federated governance model.

He is not ignoring India, recalling a former Emurgo chief investment officer who built infrastructure there, and that the Indian government flip-flops on crypto despite the largest remittance culture in the world.

Insists the genesis keys are not hidden: a 3-2-2 split among IOG, Emurgo, and the CF, with an offchain and implicit onchain governance structure and no hard fork until 70 percent of SPOs upgrade.

No single entity runs the show: not IOG, not Emurgo, not the CF, so doing better is everyone's collective effort.

Protocol governance covers initiating the hard fork combinator, parameter changes, and treasury management, and that Cardano started with a tripartite structure of Emurgo, CF, and IOHK each owning growth, governance, or tech.

Reveals IOG offered to help improve Yoroi but Emurgo chose a different direction, so IOG is building its own light wallet instead.

neutral Notes Emurgo chose its own direction on Yoroi, so IOG builds its own.

Points developers to the Cardano Stack Exchange and a developer Discord with over 11,000 members, with heavy investment from IO, the Foundation, Emurgo, and dcSpark.

IO's marketers will aggressively present evidence-based narratives, and encourages the Foundation, Emurgo, and all projects to budget for product and campaign marketing, leveraging the Africa channels.

Micro-summits scoped to a domain where dapp developers interact with IO, Emurgo, and Foundation staff, starting with a DexCon, having done internal workshops for the light wallet and Prism.

Talks toward a 100 million dollar Africa focused fund from EMURGO alongside IOG's existing 6 million dollar Africa fund.

The baseline functionality makes existing work for Ethiopia, the Foundation, and Emurgo easier, and will be augmented by Hydra with an HFC event every three months adding capabilities.

In the week of August 9th 2021 they will bring in exchange partners beyond the original set with a mid-August update announcing the Alonzo HFC date from a consolidated opinion of exchanges, the Foundation, and Emurgo, with light bugs already fixed by the flying squad including a serialization and CLI issue.

Over 30 people across IOG, the Foundation, and Emurgo work on the new roadmap plus 100-plus on Cardano 2020 delivery, with IO Global spending at least 15 million dollars on R&D via new labs, postdocs, and eight-figure Africa scaling.

Georgia surfaced through emails forwarded from Charles and contacts including the Bitfury and Emurgo people.

Update that Cardano Rust is still maintained in part by Emurgo, with the Yeoman team, now folded into Catalyst, closest to carrying it forward.

The Cardano logo was designed from a gyrocycloid animation by Emurgo.

Points to a separate Ergo Summit talk on the Emurgo and Ergo stablecoin research collaboration.

Covers Emurgo's UTXO research into building smart contracts and complex protocols on Cardano's model, versus account-based chains.

Introduces Emurgo's one-year look back on the Yoroi wallet with Nicolas Arqueros and Sebastien Guillemot.

Postponed plans to tour Japan and close out the original five year Cardano deal amid COVID travel restrictions.

Emurgo is also building its own voting center across Yoroi, mobile and command line tools.

Apply the Halmos method to Cardano itself: announce the plan to build it, deliver it with contributors across Japan, Korea, and Asia plus three core entities, release it in September 2017, and keep shipping hundreds of updates over four years.

On Cardano and insurance, says it is not IOG's core competency right now even though Emurgo CTO Nico is excited about it, with priority instead on critical infrastructure like stablecoins, DEXs, and oracles, while peer-to-peer insurance and lending will emerge from regulated and unregulated actors building on the financial operating system.

Confirms his Africa strategy runs local and in parallel with the Cardano Foundation and Emurgo's separate efforts.

Wants to expand the federation of companies building Cardano from five to twenty or thirty by 2021.

Bespoke engineering makes Goguen integration easier and faster, and Emurgo is thinking deeply about DeFi and invited collaboration on stablecoins, oracles, and DEXes, so Cardano gets first access to next-generation DeFi without the prior generation's problems.

Confirms the DC Fund is separate from Emurgo's own investment fund, then jokes that the promised new IOG website still is not ready.

Assigns campaign marketing toward stake pool operators, exchanges and regulators to the Cardano Foundation, with Emurgo focused on Asian markets.

Responds to a rant about holacracy by clarifying that IOG is not the only driver of Cardano since Emurgo and the Cardano Foundation both have real roles.

Reveals a partnership with Emurgo to build an algorithmic stablecoin, prototyped first on Ergo before moving to Cardano, aiming to beat MakerDAO.

Estimates Yoroi iOS is two to four weeks out, noting Emurgo controls its own release schedule.

Clarifies that Yoroi, Emurgo, and IOHK are separate legal entities, and he holds no equity in Yoroi.

Chainlink has the whole oracle stack, so wrapped LINK plus a DEX could bridge ADA and LINK, while ADA-native oracles via oracle pools suit distribution and curation, which Emurgo is exploring.

Hint IOHK may work with Emurgo on a stablecoin.

Confirms a cardano.org website refresh is coming as EMURGO's first visible artifact of new work.

Previews that Voltaire follows Goguen on the roadmap, with EMURGO getting equal billing alongside IOHK and the Foundation on the summit agenda.

Cardano must stay true to its founding principles of sound money, liberty, and a better society without social credit to reach that trust and eventually exceed Bitcoin, with new websites, documentation, and programs coming via IOHK, the Foundation, and Emurgo, closing that Shelley is coming soon.

Meeting General McChrystal's team and studying Team of Teams for lessons on running Cardano's three way IOHK, Emurgo, and Foundation structure.

Confirms a free virtual Shelley launch event with presentations from IOHK product managers, Emurgo and the Cardano Foundation.

Breaks down the marketing divisions across IOHK, EMURGO and the Cardano Foundation plus three external PR and commercialization firms.

The team is spending the best years of their careers with weekend and holiday commits, and 100 days after IOHK, Emurgo, and the Foundation, thousands in Telegram now run the software independently with hundreds of stake pool operators making videos, real decentralization.

The PwC and Emurgo Ohio workshop in London that produced a unified commercial strategy for Cardano.

Heads to London in early March 2020 for the PwC workshop with the Cardano Foundation and Emurgo to align commercial strategies ahead of the Shelley launch, while other events start getting cancelled.

Previews a commercial alignment workshop in London in early March with PwC, Emurgo, and the Cardano Foundation, including access to PwC's Fortune 500 client base.

There are discussions with Emurgo about translating their backend from Rust primitives to Haskell where the compilation makes sense.

There is a real shot at replacing the world's global payment settlement systems, redefining what regulated and unregulated transactions look like, contributing to computer science, and building larger coalitions to use the software, including work with Emurgo and PwC on commercialization.

Because governance is so complicated he authorized hiring a dedicated product manager for these work streams at IOHK, joining product managers at Emurgo and the Cardano Foundation, to land a reasonable system for improvement and enhancement proposals before the end of the year.

Aligning IOHK, Emurgo and the Cardano Foundation is iterative work, and he has started participating directly in the CIP process with regular meetings, while IOHK hires a dedicated product manager before opening it to public comment.

The Shelley mainnet launch party will most likely be in Kyoto, coordinated with the Cardano Foundation and Emurgo, with team members, partners and ambassadors flying out.

Commercial director Gerry is building a consolidated strategy, and PwC will moderate a unification of the go to market plans of IOHK, the Cardano Foundation and Emurgo.

Changed project management estimation over the last six weeks, and the resulting Gantt chart shows when Shelley lands and how Goguen and Basho delivery is de-risked.

Japan is the second priority, with a dedicated Foundation strategy requested for the second half of 2020, meetups in every major Japanese city and pilots such as agricultural supply chain that works for the Ethiopian coffee farmer and the Japanese rice farmer alike.

Emurgo should publish a formal investment thesis on the record, with a firm financial commitment and priority geographies, so the market knows what the ecosystem is looking for and how much money is behind the portfolio.

Second, external information has to reach the chain through oracles or data feeds, as the success of Chainlink and DeFi oracle solutions shows, so work with Emurgo and the Cardano Foundation is underway on an oracle standard for Cardano.

Answers a computer science student's internship question, saying IOHK is not hiring interns currently but Emurgo or the Cardano Foundation might.

Promises monthly product updates from Cardano's senior product manager and the Cardano Foundation as an accountability mechanism.

The response overwhelmed the plan of 25 to 50 independent stake pools beyond the IOHK, Emurgo and Cardano Foundation infrastructure: about 340 are registered, already past the saturation point of a hundred.

IOHK linked members should not sit on that board long term and as CEO he will write letters instructing them to resign, expecting Emurgo to do the same, with the whole board replaced within 12 to 24 months, because these operations are public goods that belong at the Foundation where they run more transparently.

Frames Cardano's organizational challenge with the ODCC model, operations, delivery, commercialization, capitalization, historically split across five separate entities.

Phase three is diversification: involve democracy, create groups people can join, expand the Ambassador Program, diversify funding and build a Governing Council of independent experts, which is why Tamara, who ran IOHK's HR department, is there to install control systems and recruit.

The second wave of people, Tamara Haasen and Nico, is about building capability so functions can be handed back from IOHK and Emurgo to the Foundation, the same people who grew IOHK into a 230 person company and built Yoroi.

The prior chairman Michael Parsons made a strategic decision to ignore his mandate and squandered the community's time, resources, faith, trust and money, and the tripartite structure let the other two pillars compensate.

The Cardano Foundation is the single most important entity for long term decentralization: it shepherds community management, market liquidity relationships, adoption and the Cardano Improvement Proposal process until it makes itself obsolete.

Ties ADA's value capture to real system usage driven by IOHK, Emurgo, and the Cardano Foundation rather than to speculation.

Urges the community to be skeptical of unofficial numbers and only trust announcements from IOHK, Emurgo, and Cardano Foundation channels.

Emurgo is working to add test net restore support to Yoroi using the same key derivation and address structure as Daedalus, though the announcement is Emurgo's to make.

Yoroi staking has been discussed with Emurgo and will likely arrive by the second wave, since the incentivized testnet gets a hard fork reset every four to six weeks.

Icarus proved IOHK can be agile: built in months as a proof of concept and productized by Emurgo into Yoroi within two months, and a full lessons learned retrospective comes at the end of 2020.

Emurgo previewed the staking and delegation center GUI and teases getting a Daedalus demo the following week.

Praises Yoroi's fast release cycle from Emurgo, a new Crypto.com integration for merchant ADA payments, and exploration of hardware wallet and debit card support.

supportive Praises Yoroi's fast release cycle from Emurgo.

Emurgo drives commercialization across Japan and Indonesia, while Mongolia has been pursued aggressively as a case study for local currencies, air quality pilots and supply chain projects.

Cardano began in 2015 as a federation building a third generation cryptocurrency with formal methods and peer review, aiming at billions of users, interoperability and sustainability, formed by the Cardano Foundation as a Stiftung in Zug, Emurgo in Japan and IOHK as technical partner in Wyoming.

Emurgo will help with testing and Yoroi interoperability for the staking components, plus a blockchain explorer to visualize what is unique in the ecosystem.

Is excited about SASA, a new blockchain explorer just released by EMURGO.

Details bringing on Tweag, Vacuum Labs, and Emurgo as partners while rebuilding a new Cardano wallet from scratch.

Teases his friend Gareth Hayes, CTO of Emurgo Hong Kong, who gave him one of the first Cardano Ledger devices.

A company blockchain task force to reach out via the website for Plutus and Marlowe training, noting Emurgo is planning a training academy in India for 3500 people.

Lays out a multi pronged plan to train over 10,000 Plutus developers via a MOOC, channel partners, and an Emurgo program in India.

Fires back at the claim release dates were made up, walking through the technical debt and missing foundation work that caused delays.

Emurgo's New York entrepreneur program and its dLab cohort bring young founders with a fiduciary obligation to actually solve problems.

Yoroi is an ecosystem play: Emurgo should give partners a place for tokens and dApps to live, something like the Chrome Web Store and better than what ConsenSys built for Ethereum.

Two shots at getting Cardano into smartphones, Sirin Labs and the Finney phone where Emurgo negotiated a deal, and the more meaningful route through the SIM card and trusted hardware that Rivetz is pursuing with Telefonica and its 40 million subscribers.

No monoculture on mobile either, the Ledger Nano X should be a good phone experience, ShapeShift is putting ADA into KeepKey and Trezor sent a device, while Ledger support lands around March after Vacuum Labs finished the integration for Emurgo and Yoroi.

A few megabytes are enough for Daedalus to install as a light node and upgrade to a full node in the background, after which a mobile app is trivial, though whether IOHK ships one is strategic since Yoroi already has Android with iOS coming.

The Rust team's self organized Hong Kong codeathon, hosted by Emurgo, to finish testnet features.

Plans to migrate the wallet backend and other IOG product lines to GraphQL for richer, more granular queries from exchanges and the command line terminal.

The red team, black team review model used at the workshop, with IOHK, Haskell, Rust and Emurgo engineers challenging every design assumption.

Confirms staking is planned for the Yoroi mobile wallet, tied to a January delegation spec summit with EMURGO and other wallet developers.

IOHK built a Chrome-based reference wallet handed to Infinito and Emurgo enabling hundreds of thousands of users, calling it a beta product with no catastrophic fund-loss or network-down bugs, on Windows, Mac, and now Linux.

With the new data layer and Icarus-style BIP-44-compliant addresses, Ledger hardware support is coming, with Emurgo engaging Vacuum Labs who analyzed the prior contractor's code and estimate five to six weeks of work from January.

Announces Vacuum Labs is being brought in to accelerate Ledger support alongside Emurgo, estimating roughly 30 to 50 engineer days remain to finish and secure it.

Credits Emurgo with turning the Icarus reference codebase into the Yoroi wallet, which now serves about 11 percent of the Cardano population and has attracted third party interest from Vacuum Labs.

The Sirin Labs deal negotiated by Emurgo for ADA support on the Finney phone's trusted hardware module.

Congratulates Emurgo on open sourcing Yoroi and flags upcoming Ledger and Trezor hardware wallet support.

supportive Congratulates Emurgo on open-sourcing the Yoroi wallet.

An ADA debit or credit card was originally a stalled Foundation responsibility that Emurgo and IOHK are now pursuing.

Credits John O'Connor's Africa outreach and Emurgo's Asia outreach for diversifying government relationships ahead of a wave of 2019 pilots.

Plans a multi host Cardano podcast modeled on Let's Talk Bitcoin, with hosts from Emurgo, IOHK, and the Guardians.

The Cardano Foundation in Switzerland under Michael Parsons acts as neutral custodian and Emurgo is the independent venture arm, comparable to ConsenSys, with weekly reports and monthly updates keeping everyone informed.

Cardano's federated structure across IOHK, the Foundation and Emurgo, arguing the project would survive without him thanks to shared decision making.

Highlights Emurgo's Asia partnerships in Singapore, Hong Kong, Taiwan, Malaysia and Indonesia for remittance and agritech use cases.

The three way split between IOHK, the Cardano Foundation and Emurgo, comparing Emurgo to Ethereum's ConsenSys and describing the Foundation's auditing and trademark role.