Jan 19: Inside Cardstack This Week
A look back at 2021, smart contract auditing & Card Rewards
2021: A Year in Review
As we embark on another year of development and progress, we want to provide a summary of our 2021 achievements. We recently published a video and blog post detailing our top 10 accomplishments of the year. It includes information about the Card Pay protocol, the Card Wallet (a layer-2 Web3 wallet), and the Cardstack app suite — an extensible dApp that will provide a toolkit for users and businesses to establish their presences on Web3. We invite all community members to spend time reviewing our accomplishments and learn more about the context and goals of our project.
Since January 1st, we have been actively working on a variety of projects:
Smart Contract Auditing
We recently completed a third round of security audit on the core of the Cardstack smart contract with the firm Trail of Bits, one of the top audit firms in the industry. This audit identified no critical issues that would require a new deployment of our smart contract on mainnet. However, we are working through suggestions offered by the auditors to improve the clarity of the codebase. We plan to publish the audit report in the coming weeks.
Card Reward System
We have also been developing the Card Reward system. The system supports open-ended reward distribution — also called airdrops — where wallet holders can redeem rewards in tokens or NFTs based on previous on-chain activity, such as buying and selling NFTs or using the protocol in other ways. Many of these airdrops, especially those distributed by projects like Uniswap and Ethereum Name Service (ENS), are built as one-time distributions that work up to a cut-off date. We believe that a recurring model, where users who come to a project in its later lifecycle can still earn rewards, is more sustainable and more effective in building a Web3 community. We are developing a combination of a smart contract protocol, an off-chain calculation engineer called Tally for user-submitted algorithms and queries, and a low-cost reward claiming process that leverages our existing wallet and meta-transaction infrastructure. We will release more details about how our Card Reward system relates to Card Pay and the Cardstack dApp in a few months.
What’s next?
Our construction of the Collaborative OS for Web3 has generated a variety of concurrent projects. Our new website, which launched in December 2021, provides a glimpse of our overall vision.
We will soon provide more details on each component of the technical stack and more information regarding our go-to-market strategy. We will also work toward developing new partnership opportunities, as we bring our deep technology expertise to the wide-open space of Web3 innovation. Our core mission is to solve the difficult problems preventing mass-market adoption of crypto. While we address these issues in the full stack of the Cardstack suite, we will also begin focussing more on driving new user adoption, so that users can experience Web3 in an integrated and cohesive way under Cardstack.
To get all our latest updates, sign up for our newsletter on cardstack.com, star Cardstack on GitHub, and join our Discord channel or our Telegram group and announcement channel.
