Cardano announces fund winners, but community is not pleased with particular choice
cardano builder IOG has announced the winners of Project Catalyst Fund 9. Among the many winners, the community’s attention has been most drawn to the “Daedalus Turbo”, a proposition that claims to make Daedalus 10 times faster.
Cardano founder Charles Hoskinson, in a YouTube Livestream tagged “Daedalus Turbo,” spoke on the current shortcomings of the Cardano wallet Daedalus. The problem statement of the proposal reads: “Daedalus, the decentralized Cardano wallet, is painfully slow, taking a whole day to sync initially and hours to resync when used only occasionally—an unfavorable impression of Cardano for new users.” However, some Cardano users feel that the solutions proposed in Daedalus Turbo might not have as much impact.
According to Rick McCrackenWhich runs the DIGI stake pool on Cardano, a proper gap analysis can determine that Cardano does not require “Daedalus Turbo”.
According to reports, the total funds allocated to Daedalus Turbo is $759,000, which is nearly 6% of the total catalyst budget.
SunAn analyst at Orbis, a ZK roll-up solution, believes that “the proposal Daedalus Turbo is not feasible in the current state, which has been funded.”
Daedalus Turbo faced downvoting from users who believe that, first, it would take too much funding, and second, the problem statement posited in the “Daedalus Turbo” proposal is what Mithril aims to solve.
Cardano’s Voltaire Era introduced a voting and treasury system where network participants would be able to use their stake and voting rights to influence the future development of the network, as seen in Project Catalyst.
More on Mithril and Daedalus
Mithril is a stake-based signature scheme that aims to improve the speed and efficiency of syncing times for nodes joining the network. It is a solution targeted toward network performance that aims to streamline the speed and efficiency of data synchronization between applications.
Daedalus is a full-node wallet that downloads a full copy of the Cardano blockchain and independently validates each transaction in its history. It requires specific software and storage requirements, which also means that it requires more time to synchronize the chain state. The IOG team is currently working on the first use case to leverage Mithril to quickly and efficiently bootstrapping a full Cardano node.
