Failed DDoS Attack, ICC Results and Cardano India

GM Frens,

What's Spotlight? Every week, we highlight the most interesting events happening around Cardano. We want to help you cut the clutter and find the alpha.

What a week! What a month! Cardano has taken over Crypto Twitter this month, guided by governance, meme frenzy, and the failed DDoS attack on the chain. Meanwhile, Intersect announced Interim Constitutional Committee results. In other news, NuCast announced a nationwide Cardano Hackathon in India. Let’s deep dive into these developments:

Cardano is a secure and resilient chain 💙

On June 24th an attacker began using three separate wallets to bombard the Cardano network with transactions. Each of these transactions executed 194 junk scripts, for 0.9 ADA per transaction. That hiked the blockchain load up to an average of 71.8% for June 25th and, at points, put a 92% load on the network.

• 0.9 ADA is a cheap cost to post scripts to the chain, and the attacker made their transactions cheaper by removing the credential check on their transactions.

• Phil, CEO, and Founder of AnastasiaLabs, discovered this and realised that another user could stop the attack by deregistering the attacker's stake credentials. The wallet that deregistered the credentials received almost 400 ADA locked as collateral to execute this attack.

• The total attack cost around $250 per hour in fees for the attacker, who failed to properly disrupt the network as most services, e.g. DEXes and NFT marketplaces, operated efficiently during the attack. Many community members tackled the narrative and showed how the attacker just ended up giving up 3,460 ADA in fees to the Cardano blockchain.

ICC Groups Dominates First Governance Results ✅

Intersect, a member-based organisation, announced the result of the interim constitutional committee (ICC) on June 27. The Cardano community elected Cardano Atlantic Council, Cardano Japan, and Eastern Cardano Council as ICC representatives.

Elected representatives will soon begin their onboarding process, and the Intersect Constitutional Support team will be contacting them shortly. Additionally, Intersect is inviting applications to establish Intersect’s Constitutional Council.

Cardano Foundation voted with 20M ADA, and strongly emphasised transparency throughout the process, here are CF’s top six:

• The Cardano Atlantic Council

• Eastern Cardano Council

• Lloyd Duhon

• Johnny Kelly

• Cardano Japan

• Joshua Stone

Moving beyond the ICC, preparations are underway for 50 global workshops to draft Cardano’s ultimate Constitution, commencing in August. The final lineup for these workshops will be confirmed in early July.

Onboarding Indian Web3 Devs 👨‍💻👨‍💻👨‍💻👨‍💻

CardanoCodex Hackathon 2024 will take place across six Indian cities, including Delhi, Mumbai, Bangalore, Hyderabad, Pune, and Chennai. This event aims to engage developers throughout India, encouraging innovation and showcasing their skills to propel the Cardano ecosystem forward.
Supported by Cardano's funding engine, Project Catalyst, and overseen by Nucast Labs, CardanoCodex 2024 will take place from July to September. This event aims to engage developers throughout India, encouraging innovation and showcasing their skills to propel the Cardano ecosystem forward.

"Cardano Codex Hackathon aims to support Indian developer communities through workshops across various cities. EMURGO remains committed to growing Cardano adoption within India through robust infrastructure, engaging hackathons, comprehensive education, and strategic investments.", stated Nikhil Joshi, COO, EMURGO.

NucastIO and CardanoSpot have joined hands to promote a nationwide Cardano hackathon to onboard developers and blockchain enthusiasts to Cardano. The first IRL Cardano hackathon will kick off with a series of tech & non-tech workshops from 6th July onwards. Read more here!

Best content of the week

Watch: Charles Hoskinson Welcomes ICC

Read: A Failed DDoS Attack on Cardano

Meme of the week

 Cardano says “Not Today” to DDoS Attacker

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