This is great. 👏 Looking forward to seeing how this evolves!

When I started writing Plutus contracts and building Lucid, I realized UTxOs are powerful but too low-level. I wanted to focus on business logic and flow of assets, not managing inputs/outputs. But in the UTxO model, abstraction only goes so far, state & UX remain challenging.

We are adopting a new delegation strategy to empower Cardano developers and builders to participate more meaningfully in governance, and have their voices heard. We have made seven delegations of 20 million ada each to selected DReps that we believe represent Cardano’s developer and builder community. 🏗️ Learn more: cardanofoundation.org/blog/d…

As promised in my prior tweets regarding the ada redemption process, the law firm McDermott Will and Emery and the accounting and adit firm BDO have been engaged to audit and prepare a public report of the ada redemption. MW&E (mwe.com) is a global law firm with more than 1,400 lawyers and 24 locations around the world. MW&E has an extensive and recognized digital asset practice. BDO (bdo.global) is a global accounting and audit firm with worldwide locations. BDO has extensive forensic investigation and data analytics capabilities including digital asset tracing. MW&E and BDO also intend to engage a crypto analytics firm in preparing the report. An additional announcement will be made when that firm has been engaged. I know everyone wants to know when the report will be completed and made available. The answer is that as of today I honestly don’t know. Both firms are beginning their work immediately and have been instructed to complete the audit and prepare and make the report available as soon as humanly possible.

Underground