{"id":45866,"date":"2026-05-13T19:55:28","date_gmt":"2026-05-13T10:55:28","guid":{"rendered":"https:\/\/sipo.tokyo\/?p=45866"},"modified":"2026-05-13T19:58:05","modified_gmt":"2026-05-13T10:58:05","slug":"post-45866","status":"publish","type":"post","link":"https:\/\/sipo.tokyo\/?p=45866","title":{"rendered":"SIPO DRep\uff1a\u300eThe First Node in the Browser; a Cardano USP\uff08Gerolamo\uff09\u300f\u518d\u63d0\u51fa\u3092\u3069\u3046\u8003\u3048\u308b\u304b \u2015 SIPO DRep\u306e\u5206\u6790\u3068\u300cYES\u300d\u8a55\u4fa1\u3001\u305d\u3057\u3066\u30b9\u30bf\u30f3\u30b9"},"content":{"rendered":"<div class=\"dp_toc_container pos-before_first_h allow-toggle\" role=\"navigation\" data-margin=\"30\"><p class=\"toc_title_block\"><span class=\"toc_title icon-list\">INDEX<\/span><span class=\"toc_toggle icon-up-open\" role=\"button\"><\/span><\/p><ul class=\"dp_toc_ul has_title\"><li><a href=\"#e381afe38198e38281e381ab-1\">\u306f\u3058\u3081\u306b<\/a><\/li><li><a href=\"#e68f90e6a188e381aee585a8e4bd93e5838f-2\">\u63d0\u6848\u306e\u5168\u4f53\u50cf<\/a><\/li><li><a href=\"#gerolamoe3818ccardanoe59bbae69c89e381aeuspe381a7e38182e3828be6a78be980a0e79a84e79086e794b1-3\">Gerolamo\u304cCardano\u56fa\u6709\u306eUSP\u3067\u3042\u308b\u69cb\u9020\u7684\u7406\u7531<\/a><\/li><li><a href=\"#e3838ee383bce38389e5a49ae6a798e680a7e38389e382afe38388e383aae383b3e381aee7acac4e8bbb8e381a8e38197e381a6e381aegerolamo-4\">\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u30c9\u30af\u30c8\u30ea\u30f3\u306e\u7b2c4\u8ef8\u3068\u3057\u3066\u306eGerolamo<\/a><\/li><li><a href=\"#e381aae3819cgerolamoe3818ce5bf85e8a681e3818b-e28095-e6a78be980a0e79a84e381abe6aca0e38191e381a6e38184e3828be38394e383bce382b9-5\">\u306a\u305cGerolamo\u304c\u5fc5\u8981\u304b \u2015 \u69cb\u9020\u7684\u306b\u6b20\u3051\u3066\u3044\u308b\u30d4\u30fc\u30b9<\/a><ul><li><a href=\"#dappe581b4-6\">dApp\u5074<\/a><\/li><li><a href=\"#e383a9e382a4e38388e382a6e382a9e383ace38383e38388e581b4-7\">\u30e9\u30a4\u30c8\u30a6\u30a9\u30ec\u30c3\u30c8\u5074<\/a><\/li><li><a href=\"#e8bbbde9878fe3838ee383bce38389e5b1a4e381a7e381aee382afe383a9e382a4e382a2e383b3e38388e5a49ae6a798e680a7-8\">\u8efd\u91cf\u30ce\u30fc\u30c9\u5c64\u3067\u306e\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u591a\u69d8\u6027<\/a><\/li><\/ul><\/li><li><a href=\"#e7a094e7a9b6e9858de5bd93-e28095-e38396e383a9e382a6e382b6e3838ee383bce38389e9968be799bae3818ce794a3e38280e382a8e382b3e382b7e382b9e38386-9\">\u7814\u7a76\u914d\u5f53 \u2015 \u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u958b\u767a\u304c\u7523\u3080\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u3078\u306e\u6ce2\u53ca\u52b9\u679c<\/a><ul><li><a href=\"#e382b3e383b3e38391e382afe38388-e7b0a1e6bd94e6a49ce8a8bc-10\">\u30b3\u30f3\u30d1\u30af\u30c8 \/ \u7c21\u6f54\u691c\u8a3c<\/a><\/li><li><a href=\"#e5b086e69da5e382b3e383b3e382bbe383b3e382b5e382b9e4bd9ce6a5adefbc88leiose7ad89efbc89e381b8e381aee5bcb7e588b6e588b6e7b484-11\">\u5c06\u6765\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u4f5c\u696d\uff08Leios\u7b49\uff09\u3078\u306e\u5f37\u5236\u5236\u7d04<\/a><\/li><li><a href=\"#trustless-bridge-12\">Trustless Bridge<\/a><\/li><li><a href=\"#layer-2e382b7e382b9e38386e383a0-13\">Layer 2\u30b7\u30b9\u30c6\u30e0<\/a><\/li><li><a href=\"#dappe581b4e6a49ce8a8bc-14\">dApp\u5074\u691c\u8a3c<\/a><\/li><\/ul><\/li><li><a href=\"#ec-0014-25e59b9ee9a1a7e98cb2-e28095-4e69c8810e697a5e68a95e7a5a8e3818be38289e381aee5ae9fe8b3aae79a84e5a489e58c96-15\">EC-0014-25\u56de\u9867\u9332 \u2015 4\u670810\u65e5\u6295\u7968\u304b\u3089\u306e\u5b9f\u8cea\u7684\u5909\u5316<\/a><\/li><li><a href=\"#e5bd93e5889de68f90e6a188e381a8e381aee5b7aee58886-e28095-e4bd95e3818ce6a78be980a0e79a84e381abe5a489e3828fe381a3e3819fe3818b-16\">\u5f53\u521d\u63d0\u6848\u3068\u306e\u5dee\u5206 \u2015 \u4f55\u304c\u69cb\u9020\u7684\u306b\u5909\u308f\u3063\u305f\u304b<\/a><ul><li><a href=\"#e291a0-e69c88e6aca1e38399e383ade382b7e38386e382a3e381aee9808fe6988ee680a7-17\">\u2460 \u6708\u6b21\u30d9\u30ed\u30b7\u30c6\u30a3\u306e\u900f\u660e\u6027<\/a><\/li><li><a href=\"#e291a1-e8bbbde9878fe3838ee383bce38389e69687e88488e381a7e381aee3838fe383bce38389e38395e382a9e383bce382afe5afbee5bf9c-18\">\u2461 \u8efd\u91cf\u30ce\u30fc\u30c9\u6587\u8108\u3067\u306e\u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u5bfe\u5fdc<\/a><\/li><li><a href=\"#e291a2-e9818ee58ebbcatalyst-e38388e383ace382b8e383a3e383aae383bce6a188e4bbb6e381aee8aaace6988ee8b2ace4bbbb-19\">\u2462 \u904e\u53bbCatalyst \/ \u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u6848\u4ef6\u306e\u8aac\u660e\u8cac\u4efb<\/a><\/li><li><a href=\"#e291a3-aikene8a39ce5ae8ce996a2e4bf82-20\">\u2463 Aiken\u88dc\u5b8c\u95a2\u4fc2<\/a><\/li><li><a href=\"#e291a4-25e382b3e383b3e38386e382a3e383b3e382b8e382a7e383b3e382b7e383bce8a68fe5be8b-21\">\u2464 25%\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u898f\u5f8b<\/a><\/li><\/ul><\/li><li><a href=\"#e382ace38390e3838ae383b3e382b9e6a78be980a0e381aee8a995e4bea1-22\">\u30ac\u30d0\u30ca\u30f3\u30b9\u69cb\u9020\u306e\u8a55\u4fa1<\/a><\/li><li><a href=\"#e3839ee382a4e383abe382b9e38388e383bce383b3e6a78be980a0-e28095-e6a49ce8a8bce58fafe883bde381aae9858de98081e8a888e794bb-23\">\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u69cb\u9020 \u2015 \u691c\u8a3c\u53ef\u80fd\u306a\u914d\u9001\u8a08\u753b<\/a><\/li><li><a href=\"#sipoe3818ce696b0e3819fe381abe4bb98e38199e68b98e69d9fe58a9be38182e3828be9818be794a8e4b88ae381aee69c9fe5be85e4ba8be9a085-24\">SIPO\u304c\u65b0\u305f\u306b\u4ed8\u3059\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u4e0a\u306e\u671f\u5f85\u4e8b\u9805<\/a><\/li><li><a href=\"#e9818ee58ebbe68a95e7a5a8e382b9e382bfe383b3e382b9e381a8e381aee695b4e59088e680a7-25\">\u904e\u53bb\u6295\u7968\u30b9\u30bf\u30f3\u30b9\u3068\u306e\u6574\u5408\u6027<\/a><ul><li><a href=\"#e3838ee383bce38389e5a49ae6a798e680a7e38389e382afe38388e383aae383b3-26\">\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u30c9\u30af\u30c8\u30ea\u30f3<\/a><\/li><li><a href=\"#eutxoxbrowser-node-cardano-only-uspe38389e382afe38388e383aae383b3-27\">EUTXO\u00d7Browser Node = Cardano-only USP\u30c9\u30af\u30c8\u30ea\u30f3<\/a><\/li><li><a href=\"#cardano-2030e688a6e795a5e695b4e59088-28\">Cardano 2030\u6226\u7565\u6574\u5408<\/a><\/li><li><a href=\"#treasury-fite38389e382afe38388e383aae383b3v2-0e785a7e59088-29\">Treasury Fit\u30c9\u30af\u30c8\u30ea\u30f3v2.0\u7167\u5408<\/a><\/li><\/ul><\/li><li><a href=\"#e7b590e381b3-30\">\u7d50\u3073<\/a><\/li><li><a href=\"#sipo-drep-how-we-view-the-resubmitted-the-first-node-in-the-browser-a-cardano-usp-gerolamo-proposal-e28095-analysis-yes-vote-and-stance-31\">SIPO DRep: How We View the Resubmitted &#8220;The First Node in the Browser; a Cardano USP (Gerolamo)&#8221; Proposal \u2015 Analysis, YES Vote, and Stance<\/a><\/li><li><a href=\"#introduction-32\">Introduction<\/a><\/li><li><a href=\"#why-gerolamo-is-a-cardano-only-structural-usp-33\">Why Gerolamo Is a Cardano-Only Structural USP<\/a><\/li><li><a href=\"#gerolamo-as-the-fourth-axis-of-node-diversity-34\">Gerolamo as the Fourth Axis of Node Diversity<\/a><\/li><li><a href=\"#why-gerolamo-is-needed-e28095-the-structurally-missing-piece-35\">Why Gerolamo Is Needed \u2015 The Structurally Missing Piece<\/a><\/li><li><a href=\"#research-dividend-e28095-ecosystem-wide-spillover-36\">Research Dividend \u2015 Ecosystem-Wide Spillover<\/a><\/li><li><a href=\"#the-ec-0014-25-retrospective-e28095-material-change-from-april-10-37\">The EC-0014-25 Retrospective \u2015 Material Change from April 10<\/a><\/li><li><a href=\"#what-changed-structurally-from-the-original-38\">What Changed Structurally from the Original<\/a><\/li><li><a href=\"#governance-structure-39\">Governance Structure<\/a><\/li><li><a href=\"#sipos-new-binding-operational-expectations-40\">SIPO&#8217;s New Binding Operational Expectations<\/a><\/li><li><a href=\"#closing-41\">Closing<\/a><\/li><li><a href=\"#references-42\">References<\/a><\/li><\/ul><\/div><h2 id=\"e381afe38198e38281e381ab-1\">\u306f\u3058\u3081\u306b<\/h2>\n<p>2026\u5e745\u67085\u65e5\u306b\u30a8\u30dd\u30c3\u30af629\u3067\u63d0\u51fa\u3055\u308c\u305f\u30ac\u30d0\u30ca\u30f3\u30b9\u30a2\u30af\u30b7\u30e7\u30f3\u300cThe first node in the browser; a Cardano USP\u300d\u306b\u3064\u3044\u3066\u3001SIPO DRep\u3068\u3057\u3066\u306e\u5206\u6790\u3068\u5224\u65ad\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/p>\n<p>\u672c\u63d0\u6848\u306f\u3001Harmonic Laboratories\uff08\u4ee5\u4e0bHLabs\uff09\u304c\u63d0\u51fa\u3057\u305fTreasury Withdrawal\uff08\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u51fa\u91d1\uff09\u63d0\u6848\u3067\u3042\u308a\u3001\u7533\u8acb\u984d\u306f\u20b34,600,000\uff08\u7d04$1.15M\u3001$0.25 ADA\/USD\u63db\u7b97\uff09\u3067\u3059\u300212\u30f6\u6708\u306e\u671f\u9593\u3067\u3001<strong>Gerolamo<\/strong>\u3068\u3044\u3046\u30d6\u30e9\u30a6\u30b6\u62e1\u5f35\u6a5f\u80fd\u3068\u3057\u3066\u30d1\u30c3\u30b1\u30fc\u30b8\u3055\u308c\u308b\u5b8c\u5168\u691c\u8a3cCardano\u8efd\u91cf\u30ce\u30fc\u30c9\u306e\u958b\u767a\u306b\u5bfe\u3059\u308b\u8cc7\u91d1\u63d0\u4f9b\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u672c\u63d0\u6848\u306f\u5358\u72ec\u306e\u65b0\u898f\u63d0\u6848\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30022026\u5e744\u670810\u65e5\u306bSIPO\u304c\u300c\u671f\u5f85\u4e8b\u9805\u4ed8\u304dYES\u300d\u3092\u6295\u3058\u305f\u5f53\u521d\u306eHLabs 2026 Budget\u63d0\u6848\uff08\u20b38,035,714\u306e\u5358\u4e00\u63d0\u6848\uff09\u304c\u3001DRep\u6279\u51c6\u306b\u304a\u3044\u306666.78%\u3068\u306a\u308a67%\u95be\u5024\u306b<strong>\u50c5\u5dee\u3067<\/strong>\u5c4a\u304b\u306a\u304b\u3063\u305f\u3053\u3068\u3092\u53d7\u3051\u3001HLabs\u304c\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u3092\u53cd\u6620\u3057\u30662\u3064\u306e\u72ec\u7acb\u6295\u7968\u53ef\u80fd\u306a\u63d0\u6848\u306b\u5206\u5272\u518d\u63d0\u51fa\u3057\u305f\u7247\u65b9\u3067\u3059\u3002\u3082\u3046\u7247\u65b9\u306e\u300cPebble &#038; Ecosystem Maintenance: TypeScript Core of Cardano\u300d\u306b\u3064\u3044\u3066\u306f<a href=\"https:\/\/sipo.tokyo\/?p=45864\">\u5225\u8a18\u4e8b<\/a>\u3067\u6271\u3044\u307e\u3059\u3002<\/p>\n<p>Gerolamo\u5074\u306f\u3001\u5f53\u521d4\u670810\u65e5\u6295\u7968\u6642\u306b\u306f\u5b58\u5728\u3057\u3066\u3044\u306a\u304b\u3063\u305f<strong>EC-0014-25\u56de\u9867\u9332<\/strong>\u306e\u516c\u958b\u306b\u3088\u308a\u3001\u5b9f\u8cea\u7684\u306b\u5f37\u5316\u3055\u308c\u305f\u518d\u63d0\u51fa\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>SIPO\u306f\u672c\u63d0\u6848\u306b\u8cdb\u6210\uff08YES\uff09\u3092\u6295\u3058\u307e\u3059\u3002\u4ee5\u4e0b\u3001\u306a\u305cGerolamo\u304cCardano\u56fa\u6709\u306e\u69cb\u9020\u7684USP\u306a\u306e\u304b\u3001\u5f53\u521d5\u671f\u5f85\u4e8b\u9805\u306b\u3069\u3046\u5fdc\u7b54\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u305d\u3057\u3066\u4eca\u56de\u65b0\u305f\u306b\u4ed8\u30598\u3064\u306e\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u4e0a\u306e\u671f\u5f85\u4e8b\u9805\u3092\u6574\u7406\u3057\u3066\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e68f90e6a188e381aee585a8e4bd93e5838f-2\">\u63d0\u6848\u306e\u5168\u4f53\u50cf<\/h2>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>\u9805\u76ee<\/th>\n<th>\u5185\u5bb9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u63d0\u6848\u540d<\/td>\n<td>The first node in the browser; a Cardano USP<\/td>\n<\/tr>\n<tr>\n<td>\u30bf\u30a4\u30d7<\/td>\n<td>Treasury Withdrawal<\/td>\n<\/tr>\n<tr>\n<td>\u7533\u8acb\u984d<\/td>\n<td>\u20b34,600,000\uff08$1M + 15%\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u3001$0.25\/ADA\u63db\u7b97\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u671f\u9593<\/td>\n<td>12\u30f6\u6708\uff08Q2 2026 \u2013 Q1 2027\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u63d0\u6848\u8005<\/td>\n<td>Harmonic Laboratories (HLabs)<\/td>\n<\/tr>\n<tr>\n<td>\u63d0\u51fa\u30a8\u30dd\u30c3\u30af<\/td>\n<td>629\uff082026\u5e745\u67085\u65e5\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u5931\u52b9\u30a8\u30dd\u30c3\u30af<\/td>\n<td>635\uff082026\u5e746\u67089\u65e5\uff09<\/td>\n<\/tr>\n<tr>\n<td>Governance Action ID<\/td>\n<td>gov_action1guz68e8zkwphcdc8wnp40cclkv92qgnel7xnffmsmp2ljp09qtwqq596k4c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>\u914d\u5206\u5185\u8a33\uff1a<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>\u30b9\u30b3\u30fc\u30d7<\/th>\n<th>FTE<\/th>\n<th>\u91d1\u984d<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gerolamo\uff08TypeScript Cardano\u30ce\u30fc\u30c9\uff09<\/td>\n<td>5.0<\/td>\n<td>$1,000,000<\/td>\n<\/tr>\n<tr>\n<td>15%\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc<\/td>\n<td>\u2013<\/td>\n<td>$150,000<\/td>\n<\/tr>\n<tr>\n<td><strong>\u5408\u8a08<\/strong><\/td>\n<td><strong>5.0<\/strong><\/td>\n<td><strong>$1,150,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>$0.25 ADA\/USD\u3067\u63db\u7b97\u3057\u3001\u20b34,600,000\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u5408\u7b97\u3067\u898b\u308b\u3068\u3001\u3082\u3046\u7247\u65b9\u306ePebble\u63d0\u6848\uff08\u540c\u20b34,600,000\uff09\u3068\u5408\u308f\u305b\u3066\u20b39,200,000\u3001\u7d04$2.3M\u3068\u306a\u308a\u3001\u5f53\u521d\u306e\u20b38,035,714\uff08$2.8125M @ $0.35\/ADA\uff09\u3068\u6bd4\u8f03\u3057\u3066USD\u63db\u7b97\u3067<strong>\u7d0430%\u306e\u524a\u6e1b<\/strong>\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"gerolamoe3818ccardanoe59bbae69c89e381aeuspe381a7e38182e3828be6a78be980a0e79a84e79086e794b1-3\">Gerolamo\u304cCardano\u56fa\u6709\u306eUSP\u3067\u3042\u308b\u69cb\u9020\u7684\u7406\u7531<\/h2>\n<p>\u300c\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u30ce\u30fc\u30c9\u304c\u30d6\u30e9\u30a6\u30b6\u3067\u52d5\u304f\u300d\u3068\u3044\u3046\u8a71\u306f\u3001\u696d\u754c\u3067\u3057\u3070\u3057\u3070\u8a9e\u3089\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b<strong>\u5b8c\u5168\u691c\u8a3c<\/strong>\u3092\u884c\u3046\u30ce\u30fc\u30c9\u3092\u30d6\u30e9\u30a6\u30b6\u3067\u7a3c\u50cd\u3055\u305b\u305f\u4e3b\u8981\u30c1\u30a7\u30fc\u30f3\u306f\u5b58\u5728\u3057\u307e\u305b\u3093\u3002\u7406\u7531\u306f\u30d9\u30fc\u30b9\u30ec\u30a4\u30e4\u30fc\u8a2d\u8a08\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Cardano\u306eeUTxO\u8a2d\u8a08\u306b\u306f\u3001\u4ed6\u306e\u4e3b\u8981\u30c1\u30a7\u30fc\u30f3\u304c\u6a21\u5023\u3067\u304d\u306a\u3044\u69cb\u9020\u7684\u7279\u6027\u304c\u3042\u308a\u307e\u3059\uff1a<\/p>\n<ul>\n<li><strong>eUTxO\u72b6\u614b\u306f\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u306b\u30ed\u30fc\u30ab\u30eb<\/strong>\uff1a\u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u306f\u53f0\u5e33\u5168\u4f53\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u53ef\u5909\u72b6\u614b\u3092\u7dad\u6301\u3059\u308b\u5fc5\u8981\u304c\u306a\u304f\u3001\u81ea\u5206\u304c\u95a2\u5fc3\u3092\u6301\u3064\u30b9\u30e9\u30a4\u30b9\u306e\u30a4\u30f3\u30d7\u30c3\u30c8\u3068\u30a2\u30a6\u30c8\u30d7\u30c3\u30c8\u3060\u3051\u3092\u691c\u8a3c\u3067\u304d\u307e\u3059<\/li>\n<li><strong>\u30d6\u30ed\u30c3\u30af\u30b5\u30a4\u30ba\u3068\u5e2f\u57df\u8981\u6c42\u306f\u9650\u5b9a\u7684<\/strong>\uff1a\u9ad8TPS L1\u3068\u6bd4\u8f03\u3057\u3066\u63a7\u3048\u3081\u3067\u3001\u4e00\u822c\u7684\u306a\u5bb6\u5ead\u7528\u56de\u7dda\u3067\u30d6\u30e9\u30a6\u30b6\u304c\u6301\u7d9a\u7684\u306b\u51e6\u7406\u53ef\u80fd\u306a\u7bc4\u56f2\u5185\u3067\u3059<\/li>\n<li><strong>\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\uff08Praos\uff09\u306f\u8efd\u91cf\u30ea\u30bd\u30fc\u30b9\u3067\u691c\u8a3c\u53ef\u80fd<\/strong><\/li>\n<li><strong>Plutus\u30b9\u30af\u30ea\u30d7\u30c8\u306f\u6c7a\u5b9a\u7684\u306aCEK\u30de\u30b7\u30f3\u4e0a\u306e\u7d14\u7c8b\u95a2\u6570<\/strong>\uff1aJavaScript \/ WebAssembly\u30e9\u30f3\u30bf\u30a4\u30e0\u3067\u30db\u30b9\u30c8\u3057\u3001Web Worker\u5185\u3067\u30e1\u30a4\u30f3\u30b9\u30ec\u30c3\u30c9\u3092\u30d6\u30ed\u30c3\u30af\u305b\u305a\u306b\u5b9f\u884c\u3059\u308b\u3053\u3068\u304c\u5bb9\u6613\u3067\u3059<\/li>\n<\/ul>\n<p>\u3053\u308c\u3089\u306e\u7d44\u307f\u5408\u308f\u305b\u304c\u3001Cardano\u3092 <strong>\u30d6\u30e9\u30a6\u30b6\u5185\u691c\u8a3c\u30ce\u30fc\u30c9\u304c\u6280\u8853\u7684\u306b\u73fe\u5b9f\u7684\u306a\u552f\u4e00\u306e\u4e3b\u8981\u30c1\u30a7\u30fc\u30f3<\/strong> \u306b\u3057\u3066\u3044\u307e\u3059\u3002Ethereum\u3001Solana\u3001\u305d\u306e\u4ed6\u306e\u30a2\u30ab\u30a6\u30f3\u30c8\u30d9\u30fc\u30b9\u307e\u305f\u306f\u9ad8TPS\u30c1\u30a7\u30fc\u30f3\u306f\u3001\u691c\u8a3c\u3092\u9aa8\u629c\u304d\u306b\u3059\u308b\uff08\u5b9f\u8cea\u7684\u306bSPV \/ trusted-RPC\u306b\u9000\u5316\u3055\u305b\u308b\uff09\u304b\u3001\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3068\u72b6\u614b\u30e2\u30c7\u30eb\u3092\u6839\u672c\u7684\u306b\u518d\u8a2d\u8a08\u3059\u308b\u304b\u3057\u306a\u3044\u9650\u308a\u3001\u3053\u308c\u3092\u518d\u73fe\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>Gerolamo\u306f\u3001\u3053\u306e\u6f5c\u5728\u7684\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u512a\u4f4d\u6027\u3092 <strong>\u5b9f\u969b\u306b\u51fa\u8377\u53ef\u80fd\u306a\u30d7\u30ed\u30c0\u30af\u30c8<\/strong> \u306b\u5909\u63db\u3059\u308b\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u3059\u3002\u7814\u7a76\u30c7\u30e2\u3084SPV\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306e\u7c21\u7565\u7248\u3067\u306f\u306a\u304f\u3001\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3092\u5b9f\u884c\u3057\u3001\u30d8\u30c3\u30c0\u30fc\u3068\u30d6\u30ed\u30c3\u30af\u3092\u691c\u8a3c\u3057\u3001Plutus\u30b9\u30af\u30ea\u30d7\u30c8\u3092\u8a55\u4fa1\u3059\u308b\u3001\u672c\u7269\u306e\u30ce\u30fc\u30c9\u304c\u30e6\u30fc\u30b6\u30fc\u30de\u30b7\u30f3\u4e0a\u306e\u30d6\u30e9\u30a6\u30b6\u62e1\u5f35\u6a5f\u80fd\u5185\u3067\u52d5\u4f5c\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u300c\u3044\u3064\u304b\u30d6\u30e9\u30a6\u30b6\u3067\u52d5\u304f\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u3068\u3044\u3046\u9858\u671b\u3067\u306f\u306a\u304f\u3001<strong>Cardano\u304c\u5177\u4f53\u7684\u306b\u4ed6\u30c1\u30a7\u30fc\u30f3\u306b\u5bfe\u3057\u3066\u63d0\u793a\u3067\u304d\u308b\u5dee\u5225\u5316\u8981\u56e0<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e3838ee383bce38389e5a49ae6a798e680a7e38389e382afe38388e383aae383b3e381aee7acac4e8bbb8e381a8e38197e381a6e381aegerolamo-4\">\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u30c9\u30af\u30c8\u30ea\u30f3\u306e\u7b2c4\u8ef8\u3068\u3057\u3066\u306eGerolamo<\/h2>\n<p>SIPO\u306fAmaru\uff08Rust\uff09\u3068Dingo\uff08Go\uff09\u306b\u5bfe\u3057\u3066YES\u3092\u6295\u3058\u3066\u304d\u307e\u3057\u305f\u3002\u8ad6\u7406\u306f <strong>Haskell\u5358\u4e00\u5b9f\u88c5\u30ea\u30b9\u30af\u306f\u5b9f\u5728\u3059\u308b<\/strong> \u3068\u3044\u3046\u3082\u306e\u3067\u3001\u305d\u306e\u5178\u578b\u4f8b\u3068\u3057\u30662026\u5e743\u6708\u306eEthereum Prysm\u30a4\u30f3\u30b7\u30c7\u30f3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002\u30de\u30eb\u30c1\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u306f\u30a4\u30f3\u30d5\u30e9\u4fdd\u967a\u3067\u3059\u3002<\/p>\n<p>Gerolamo\u306f\u3053\u306e\u30c9\u30af\u30c8\u30ea\u30f3\u3092TypeScript \/ WebAssembly\u3068\u3044\u3046<strong>\u7b2c4\u8ef8<\/strong>\u306b\u62e1\u5f35\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u91cd\u8981\u306a\u306e\u306f\u3001\u3053\u308c\u304c<strong>\u69cb\u9020\u7684\u306b\u7570\u306a\u308b\u5f79\u5272<\/strong>\u3067\u3042\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u672c\u63d0\u6848\u306f\u660e\u793a\u7684\u306b\u3001Gerolamo\u3092 <strong>dApp\u3068\u30a6\u30a9\u30ec\u30c3\u30c8\u5411\u3051\u306e\u8efd\u91cf\u691c\u8a3c\u30ce\u30fc\u30c9<\/strong> \u3068\u3057\u3066\u30b9\u30b3\u30fc\u30d7\u3057\u3066\u304a\u308a\u3001\u30d6\u30ed\u30c3\u30af\u751f\u6210\u30ce\u30fc\u30c9\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u63d0\u6848\u66f8\u672c\u6587\u306b\u306f\u6b21\u306e\u3088\u3046\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\uff1a<\/p>\n<blockquote>\n<p>Gerolamo\u306f\u672c\u63d0\u6848\u4e0b\u306b\u304a\u3044\u3066\u3001\u30d6\u30e9\u30a6\u30b6\u8efd\u91cf\u30ce\u30fc\u30c9\u7528\u9014\u306b\u5c02\u5c5e\u3059\u308b\u88dc\u5b8c\u7684\u5b9f\u88c5\u3068\u3057\u3066\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30d0\u30fc\u30b5\u30a4\u30c9\u30ea\u30ec\u30fc\u5f79\u5272\u3001\u30d6\u30ed\u30c3\u30af\u751f\u6210\u3001\u305d\u306e\u4ed6\u306e\u30d5\u30eb\u30ce\u30fc\u30c9\u7528\u9014\u306f\u672c\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u9593\u4e2d\u3001\u672c\u30b9\u30b3\u30fc\u30d7\u304b\u3089\u660e\u793a\u7684\u306b\u9664\u5916\u3055\u308c\u3001Haskell\u30ce\u30fc\u30c9\u304a\u3088\u3073Amaru\u7b49\u306e\u4ed6\u5b9f\u88c5\u306b\u6b8b\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n<p>\u52a0\u3048\u3066\u3001\u30d6\u30ed\u30c3\u30af\u751f\u6210\u3092\u8ffd\u52a0\u3059\u308b\u306b\u306f\u300c<strong>\u7d04$500k\u306e\u8ffd\u52a0\u76e3\u67fb\u3068\u5c11\u306a\u304f\u3068\u3082\u8ffd\u52a01 FTE\u304c\u5fc5\u8981<\/strong>\u300d\u3067\u3042\u308b\u3068\u660e\u8a18\u3055\u308c\u3001\u73fe\u5728\u306e\u30b3\u30b9\u30c8\u74b0\u5883\u4e0b\u3067\u306f\u30d6\u30ed\u30c3\u30af\u751f\u6210\u7bc4\u56f2\u3092\u524a\u6e1b\u3059\u308b\u3053\u3068\u304c\u59a5\u5f53\u306a\u5224\u65ad\u3067\u3042\u308b\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306fSIPO\u304c\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u61f8\u5ff5\u306b\u5bfe\u3057\u3066\u671f\u5f85\u3059\u308b\u300c\u6700\u5f37\u306e\u69cb\u9020\u7684\u56de\u7b54\u300d\u3067\u3059\u3002Amaru\u30fbDingo\uff08\u30d6\u30ed\u30c3\u30af\u751f\u6210\uff09\u3068Gerolamo\uff08\u8efd\u91cf\u30ce\u30fc\u30c9\uff09\u306f\u7af6\u5408\u3067\u306f\u306a\u304f\u3001<strong>\u7570\u306a\u308b\u5f79\u5272\u3067\u540c\u3058\u30c9\u30af\u30c8\u30ea\u30f3\u3092\u652f\u3048\u308b<\/strong> \u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e381aae3819cgerolamoe3818ce5bf85e8a681e3818b-e28095-e6a78be980a0e79a84e381abe6aca0e38191e381a6e38184e3828be38394e383bce382b9-5\">\u306a\u305cGerolamo\u304c\u5fc5\u8981\u304b \u2015 \u69cb\u9020\u7684\u306b\u6b20\u3051\u3066\u3044\u308b\u30d4\u30fc\u30b9<\/h2>\n<p>\u73fe\u5728\u306eCardano dApp\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306f\u3001\u30c1\u30a7\u30fc\u30f3\u72b6\u614b\u306e\u30af\u30a8\u30ea\u3092 <strong>\u4e2d\u592e\u96c6\u6a29\u7684\u30a4\u30f3\u30c7\u30af\u30b5\u3084\u7b2c\u4e09\u8005API<\/strong> \u306b\u4f9d\u5b58\u3059\u308b\u30b1\u30fc\u30b9\u304c\u591a\u304f\u5b58\u5728\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u5206\u6563\u5316\u304c\u672c\u6765\u6392\u9664\u3059\u3079\u304d\u306f\u305a\u306e\u4fe1\u983c\u524d\u63d0\u3092\u3001\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u5c64\u3067\u518d\u5c0e\u5165\u3057\u3066\u3057\u307e\u3046\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u30e6\u30fc\u30b6\u30fc\u304c\u300c\u30c8\u30e9\u30b9\u30c8\u30ec\u30b9\u300d\u3067\u3042\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u308bdApp\u304c\u3001\u5b9f\u306f\u7279\u5b9a\u306e\u30a4\u30f3\u30d5\u30e9\u4e8b\u696d\u8005\u3078\u306e\u4fe1\u983c\u3092\u524d\u63d0\u306b\u52d5\u4f5c\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>Gerolamo\u304c\u30d6\u30e9\u30a6\u30b6\u62e1\u5f35\u6a5f\u80fd\u3068\u3057\u3066\u63d0\u4f9b\u3059\u308b\u5b8c\u5168\u691c\u8a3c\u8efd\u91cf\u30ce\u30fc\u30c9\u306f\u3001\u3053\u306e\u69cb\u9020\u3092\u5909\u3048\u307e\u3059\uff1a<\/p>\n<h3 id=\"dappe581b4-6\">dApp\u5074<\/h3>\n<p>dApp\u306f\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u4e00\u5ea6\u30a4\u30f3\u30b9\u30c8\u30fc\u30eb\u3057\u305f\u30d6\u30e9\u30a6\u30b6\u62e1\u5f35\u6a5f\u80fd\u7d4c\u7531\u3067\u5b8c\u5168\u691c\u8a3c\u8efd\u91cf\u30ce\u30fc\u30c9\u306b\u554f\u3044\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001<strong>\u30d0\u30c3\u30af\u30a8\u30f3\u30c9\u4f9d\u5b58\u306a\u3057\u306b\u4fe1\u983c\u6027\u6700\u5c0f\u5316\u3055\u308c\u305f\u30c1\u30a7\u30fc\u30f3\u30a2\u30af\u30bb\u30b9<\/strong> \u3092\u5f97\u3089\u308c\u307e\u3059\u3002UTxO\u72b6\u614b\u306e\u691c\u8a3c\u3001\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u691c\u8a3c\u3001\u30c1\u30a7\u30fc\u30f3\u30c7\u30fc\u30bf\u30af\u30a8\u30ea\u3092\u3001\u5916\u90e8\u30b5\u30fc\u30d3\u30b9\u306b\u4f9d\u5b58\u305b\u305a\u5b9f\u884c\u3067\u304d\u307e\u3059\u3002<\/p>\n<h3 id=\"e383a9e382a4e38388e382a6e382a9e383ace38383e38388e581b4-7\">\u30e9\u30a4\u30c8\u30a6\u30a9\u30ec\u30c3\u30c8\u5074<\/h3>\n<p>\u30e9\u30a4\u30c8\u30a6\u30a9\u30ec\u30c3\u30c8\u958b\u767a\u8005\u306f\u3001Gerolamo\u3092\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306b\u7d71\u5408\u3059\u308b\u3053\u3068\u3067\u3001\u30e6\u30fc\u30b6\u30fc\u306b <strong>Daedalus\u7d1a\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u4fdd\u8a3c<\/strong> \u3092\u3001\u30d5\u30eb\u30ce\u30fc\u30c9\u306e\u30aa\u30fc\u30d0\u30fc\u30d8\u30c3\u30c9\u306a\u3057\u306b\u63d0\u4f9b\u3067\u304d\u307e\u3059\u3002\u30e6\u30fc\u30b6\u30fc\u306f\u81ea\u8eab\u306eUTxO\u3092\u691c\u8a3c\u3057\u3001\u53d7\u4fe1\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u3092\u691c\u8a3c\u3057\u3001\u8efd\u91cf\u30a6\u30a9\u30ec\u30c3\u30c8\u306eUX\u3092\u4eab\u53d7\u3057\u306a\u304c\u3089\u8cc7\u91d1\u306b\u5bfe\u3059\u308b\u5b8c\u5168\u306a\u4e3b\u6a29\u3092\u7dad\u6301\u3067\u304d\u307e\u3059\u3002<\/p>\n<h3 id=\"e8bbbde9878fe3838ee383bce38389e5b1a4e381a7e381aee382afe383a9e382a4e382a2e383b3e38388e5a49ae6a798e680a7-8\">\u8efd\u91cf\u30ce\u30fc\u30c9\u5c64\u3067\u306e\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u591a\u69d8\u6027<\/h3>\n<p>Cardano\u306e\u30ec\u30b8\u30ea\u30a8\u30f3\u30b9\u306f\u3001\u8907\u6570\u306e\u72ec\u7acb\u3057\u3066\u958b\u767a\u3055\u308c\u305f\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u5b9f\u88c5\u3092\u6301\u3064\u3053\u3068\u304b\u3089\u6069\u6075\u3092\u53d7\u3051\u307e\u3059\u3002Gerolamo\u306f <strong>TypeScript\u30cd\u30a4\u30c6\u30a3\u30d6\u306e\u30d6\u30e9\u30a6\u30b6\u30bf\u30fc\u30b2\u30c3\u30c8\u8efd\u91cf\u30ce\u30fc\u30c9<\/strong> \u3092\u305d\u306e\u98a8\u666f\u306b\u8ffd\u52a0\u3057\u3001\u5358\u4e00\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306e\u30d0\u30b0\u3084\u524d\u63d0\u304c\u4f9d\u5b58\u3059\u308b\u30a6\u30a9\u30ec\u30c3\u30c8\u304a\u3088\u3073dApp\u306b\u6ce2\u53ca\u3059\u308b\u30ea\u30b9\u30af\u3092\u524a\u6e1b\u3057\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e7a094e7a9b6e9858de5bd93-e28095-e38396e383a9e382a6e382b6e3838ee383bce38389e9968be799bae3818ce794a3e38280e382a8e382b3e382b7e382b9e38386-9\">\u7814\u7a76\u914d\u5f53 \u2015 \u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u958b\u767a\u304c\u7523\u3080\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u3078\u306e\u6ce2\u53ca\u52b9\u679c<\/h2>\n<p>\u30d6\u30e9\u30a6\u30b6\u3067\u52d5\u304f\u307b\u3069\u5c0f\u3055\u306a\u30ce\u30fc\u30c9\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u306f\u3001\u5358\u306a\u308b\u30d1\u30c3\u30b1\u30fc\u30b8\u30f3\u30b0\u4f5c\u696d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u304c\u3044\u305a\u308c\u5fc5\u8981\u3068\u3059\u308b\u4e00\u9023\u306e\u554f\u984c\u3078\u306e\u5b9f\u9032\u6b69\u3092\u5f37\u5236\u3057\u307e\u3059\uff1a<\/p>\n<h3 id=\"e382b3e383b3e38391e382afe38388-e7b0a1e6bd94e6a49ce8a8bc-10\">\u30b3\u30f3\u30d1\u30af\u30c8 \/ \u7c21\u6f54\u691c\u8a3c<\/h3>\n<p>Gerolamo\u306e\u69cb\u7bc9\u306f\u3001\u4f55\u304c <strong>\u5fc5\u305a\u518d\u691c\u8a3c\u3055\u308c\u308b\u3079\u304d\u304b<\/strong> \u3068\u4f55\u304c\u8981\u7d04\u30fb\u8a3c\u8de1\u5316\u30fb\u30c1\u30a7\u30c3\u30af\u30dd\u30a4\u30f3\u30c8\u5316\u53ef\u80fd\u304b\u3092\u53b3\u5bc6\u306b\u533a\u5225\u3059\u308b\u3053\u3068\u3092\u8981\u6c42\u3057\u307e\u3059\u3002Mithril\u69d8\u306e\u8a3c\u660e\u66f8\u3001partial state proof\u3001\u6697\u53f7\u30a2\u30f3\u30ab\u30fc\u4ed8\u304d\u30d8\u30c3\u30c0\u30fc\u30c1\u30a7\u30fc\u30f3\u691c\u8a3c\u3068\u3044\u3063\u305f\u540c\u3058\u30c6\u30af\u30cb\u30c3\u30af\u304c\u3001<strong>Trustless Bridge\u3068Rollup\u306e\u69cb\u7bc9\u30d6\u30ed\u30c3\u30af\u305d\u306e\u3082\u306e<\/strong> \u3067\u3059\u3002<\/p>\n<h3 id=\"e5b086e69da5e382b3e383b3e382bbe383b3e382b5e382b9e4bd9ce6a5adefbc88leiose7ad89efbc89e381b8e381aee5bcb7e588b6e588b6e7b484-11\">\u5c06\u6765\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u4f5c\u696d\uff08Leios\u7b49\uff09\u3078\u306e\u5f37\u5236\u5236\u7d04<\/h3>\n<p>\u672c\u7269\u306e\u30d6\u30e9\u30a6\u30b6\u5185\u691c\u8a3c\u30ce\u30fc\u30c9\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u3067\u3001<strong>\u5c06\u6765\u306e\u3044\u304b\u306a\u308b\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u30d7\u30ed\u30c8\u30b3\u30eb\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\uff08\u6700\u3082\u5dee\u3057\u8feb\u3063\u305f\u4f8b\u306fLeios\uff09\u3082\u8efd\u91cf\u30ea\u30bd\u30fc\u30b9\u3067\u691c\u8a3c\u53ef\u80fd\u3067\u3042\u308a\u7d9a\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044<\/strong> \u3068\u3044\u3046\u53b3\u3057\u3044\u5236\u7d04\u304c\u751f\u307e\u308c\u307e\u3059\u3002Gerolamo\u306e\u3088\u3046\u306a\u30a2\u30fc\u30c6\u30a3\u30d5\u30a1\u30af\u30c8\u304c\u30c6\u30fc\u30d6\u30eb\u4e0a\u306b\u5b58\u5728\u3057\u306a\u3051\u308c\u3070\u300c\u3053\u308c\u306f\u307e\u3060\u30e9\u30a4\u30c8\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u3067\u6271\u3044\u3084\u3059\u3044\u304b\uff1f\u300d\u3068\u3044\u3046\u554f\u3044\u3092\u5f8c\u56de\u3057\u306b\u3067\u304d\u3066\u3057\u307e\u3044\u307e\u3059\u304c\u3001\u5b58\u5728\u3059\u308c\u3070\u3053\u306e\u554f\u3044\u304c\u4e8b\u524d\u306b\u5f37\u5236\u3055\u308c\u307e\u3059\u3002<\/p>\n<h3 id=\"trustless-bridge-12\">Trustless Bridge<\/h3>\n<p>\u30c1\u30a7\u30fc\u30f3B\u306e\u30d6\u30ea\u30c3\u30b8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u304cCardano\u306e\u72b6\u614b\u3092\u691c\u8a3c\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u5834\u5408\u3001\u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u304c\u5fc5\u8981\u3068\u3059\u308b\u306e\u3068<strong>\u540c\u3058\u30d7\u30ea\u30df\u30c6\u30a3\u30d6<\/strong>\u304c\u5fc5\u8981\u3068\u306a\u308a\u307e\u3059\uff1aCardano\u306e\u30c1\u30a7\u30fc\u30f3\u5c65\u6b74\u3092\u5b89\u4fa1\u3001\u7c21\u6f54\u3001\u975e\u5bfe\u8a71\u7684\u306b\u78ba\u8a8d\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002Gerolamo\u306e\u691c\u8a3c\u30d1\u30b9\u3078\u306e\u6295\u8cc7\u306f\u3001\u30d6\u30ea\u30c3\u30b8\u5b9f\u88c5\u304c\u3055\u3082\u306a\u304f\u3070\u30bc\u30ed\u304b\u3089\u518d\u5c0e\u51fa\u3059\u308b\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c8\u3092\u751f\u6210\u3057\u3001battle-test\u3057\u307e\u3059\u3002<\/p>\n<h3 id=\"layer-2e382b7e382b9e38386e383a0-13\">Layer 2\u30b7\u30b9\u30c6\u30e0<\/h3>\n<p>\u697d\u89b3\u7684\u304a\u3088\u3073Validity Rollup\u69d8\u306eL2\u304cCardano\u4e0a\u3067\u5fc5\u8981\u3068\u3059\u308b <strong>\u52b9\u7387\u7684\u3067\u57cb\u3081\u8fbc\u307f\u53ef\u80fd\u306aL1\u72b6\u614b\u306eVerifier<\/strong> \u306f\u3001\u69cb\u9020\u7684\u306b\u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u3068\u540c\u3058\u30a2\u30fc\u30c6\u30a3\u30d5\u30a1\u30af\u30c8\u3067\u3059\u3002\u6700\u5c0f\u4fe1\u983c\u3001\u6700\u5c0f\u30d5\u30c3\u30c8\u30d7\u30ea\u30f3\u30c8\u3001\u4ed6\u306e\u30e9\u30f3\u30bf\u30a4\u30e0\u5185\u306b\u57cb\u3081\u8fbc\u3080\u3088\u3046\u8a2d\u8a08\u3055\u308c\u305f\u8efd\u91cf\u30ce\u30fc\u30c9\u3002Gerolamo\u3078\u306e\u6295\u8cc7\u306fL2\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306b\u511f\u5374\u3055\u308c\u307e\u3059\u3002<\/p>\n<h3 id=\"dappe581b4e6a49ce8a8bc-14\">dApp\u5074\u691c\u8a3c<\/h3>\n<p>\u30c1\u30a7\u30fc\u30f3\u4e0a\u306b\u79fb\u52d5\u3059\u308b\u4fa1\u5024\u304c\u5897\u3048\u308b\u306b\u3064\u308c\u3001dApp\u306f\u81ea\u8eab\u306e\u30d0\u30c3\u30af\u30a8\u30f3\u30c9\u3092\u4fe1\u983c\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u30c1\u30a7\u30fc\u30f3\u72b6\u614b\u3092\u81ea\u3089\u691c\u8a3c\u3059\u308b\u5fc5\u8981\u304c\u5897\u3057\u307e\u3059\u3002Gerolamo\u306f\u5404\u30c1\u30fc\u30e0\u304c\u81ea\u524d\u3067\u5b9f\u88c5\u3059\u308b\u4ee3\u308f\u308a\u306b\u3001<strong>\u30c9\u30ed\u30c3\u30d7\u30a4\u30f3\u53ef\u80fd\u306a\u76e3\u67fb\u6e08\u307fJavaScript\u30cd\u30a4\u30c6\u30a3\u30d6Verifier<\/strong> \u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002<\/p>\n<p>\u300c\u30d6\u30e9\u30a6\u30b6\u5185\u30ce\u30fc\u30c9\u300d\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u4fa1\u5024\u3092\u8107\u306b\u7f6e\u3044\u305f\u3068\u3057\u3066\u3082\u3001Gerolamo\u306e\u69cb\u7bc9\u306b\u5fc5\u8981\u306a\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u306f\u3001Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u30d6\u30ea\u30c3\u30b8\u30fbL2\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a <strong>\u57fa\u790e\u7814\u7a76<\/strong> \u3067\u3059\u3002Gerolamo\u3078\u306e\u8cc7\u91d1\u63d0\u4f9b\u306f\u3001\u305d\u306e\u57fa\u790e\u3078\u306e\u8cc7\u91d1\u63d0\u4f9b\u3067\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"ec-0014-25e59b9ee9a1a7e98cb2-e28095-4e69c8810e697a5e68a95e7a5a8e3818be38289e381aee5ae9fe8b3aae79a84e5a489e58c96-15\">EC-0014-25\u56de\u9867\u9332 \u2015 4\u670810\u65e5\u6295\u7968\u304b\u3089\u306e\u5b9f\u8cea\u7684\u5909\u5316<\/h2>\n<p>\u3053\u308c\u304c\u5f53\u521d\u63d0\u6848\u304b\u3089\u306e<strong>\u6700\u3082\u91cd\u8981\u306a\u8ffd\u52a0\u60c5\u5831<\/strong>\u3067\u3059\u3002<\/p>\n<p>HLabs\u306e\u521d\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u4f5c\u696d <strong>EC-0014-25 Gerolamo\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u5951\u7d04<\/strong>\uff08\u20b3578,571\u30012025\u5e748\u670812\u65e5\u301c2026\u5e743\u670830\u65e5\u5b9f\u884c\uff09\u306b\u95a2\u3059\u308b<strong>2025 Retrospective<\/strong>\u304c\u3001<a href=\"https:\/\/gateway.pinata.cloud\/ipfs\/QmZVw82XNXNsgGmBj39R26Mx7jgzWaNjSw4A7JM9Erye9c\">IPFS\uff08QmZVw82XNXNsgGmBj39R26Mx7jgzWaNjSw4A7JM9Erye9c\uff09<\/a>\u3067\u516c\u958b\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u56de\u9867\u9332\u306f\u8a08\u753b13\u9805\u76ee\u306e\u3046\u3061\u4ee5\u4e0b\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\uff1a<\/p>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>\u30b9\u30c6\u30fc\u30bf\u30b9<\/th>\n<th>\u9805\u76ee<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u2705 \u5b8c\u7d0d (11\/13)<\/td>\n<td>Ouroboros mini-protocols \/ multi-era chain sync (Shelley\u301cConway) \/ block &#038; header parsing \/ VRF\u691c\u8a3c\u4ed8\u304dheader validation \/ transaction submission \/ block validation with ledger state update \/ rollback handling \/ full storage (volatile + immutable chunks + WAL concurrency) \/ HTTP Block API \/ mempool management \/ terminal UI &#038; structured logging<\/td>\n<\/tr>\n<tr>\n<td>\ud83d\udfe1 \u9032\u884c\u4e2d (2\/13)<\/td>\n<td>P2P peer management\uff08\u8907\u6570\u30d4\u30a2\u5bfe\u5fdc\u81ea\u4f53\u306f\u5b9f\u88c5\u6e08\u307f\u3001\u52d5\u7684\u30d4\u30a2\u9078\u629e\u304c\u6b21\u30d5\u30a7\u30fc\u30ba\uff09\uff0f Mithril integration\uff08\u521d\u671f\u30b5\u30dd\u30fc\u30c8\u5b9f\u88c5\u6e08\u307f\u3001\u6539\u5584\u7d99\u7d9a\u4e2d\uff09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>\u52a0\u3048\u3066\u3001Browser compatibility\u306fEC-0014-25\u4e0b\u3067\u9032\u884c\u4e2d\u3068\u3057\u3066\u660e\u793a\u7684\u306b\u30b9\u30b3\u30fc\u30d7\u3055\u308c\u3001\u6b21\u30d5\u30a7\u30fc\u30ba\u3092\u4fc3\u9032\u3059\u308b\u305f\u3081\u306e\u8a2d\u8a08\u6c7a\u5b9a\u304c\u306a\u3055\u308c\u3066\u3044\u307e\u3057\u305f \u2015 <strong>\u3053\u308c\u304c\u307e\u3055\u306b\u672c\u518d\u63d0\u51fa\u306e\u30b9\u30b3\u30fc\u30d7\u305d\u306e\u3082\u306e<\/strong> \u3067\u3059\u3002<\/p>\n<p>\u7279\u7b46\u3059\u3079\u304d\u306f\u3001\u56de\u9867\u9332\u304c\u6b21\u306e\u4e8b\u5b9f\u3082\u8a18\u9332\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\uff1a<\/p>\n<blockquote>\n<p>ADA\/USD\u30ec\u30fc\u30c8\u304c\u63d0\u51fa\u6642\u306e\u7d040.7\u304b\u3089\u73fe\u57280.3\u4ee5\u4e0b\u306b\u4e0b\u843d\u3057\u305f\u3053\u3068\u3067\u3001\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u8a55\u4fa1\u984d\u306fUSD\u63db\u7b97\u3067\u8457\u3057\u304f\u30a2\u30f3\u30c0\u30fc\u30da\u30a4\u30e1\u30f3\u30c8\u3068\u306a\u3063\u305f\u3002Harmonic Laboratories\u306f\u3001\u6975\u3081\u3066\u53b3\u3057\u3044\u6761\u4ef6\u4e0b\u3067\u3082\u7d04\u675f\u901a\u308a\u51fa\u8377\u3057\u7d9a\u3051\u305f\u3053\u3068\u3092\u8a87\u308a\u306b\u601d\u3046\u3002<\/p>\n<\/blockquote>\n<p>\u3064\u307e\u308a\u3001HLabs\u306f <strong>\u8cc7\u91d1\u304c\u5b9f\u52b9\u7684\u306b\u534a\u5206\u4ee5\u4e0b\u306b\u306a\u3063\u3066\u3082\u5c65\u884c\u3057\u305f\u5b9f\u7e3e<\/strong> \u3092\u6709\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u300c\u8cc7\u91d1\u63d0\u4f9b\u3092\u53d7\u3051\u3066\u3082\u5e02\u5834\u74b0\u5883\u6b21\u7b2c\u3067\u5c65\u884c\u3057\u306a\u3044\u300d\u30ea\u30b9\u30af\u3078\u306e\u3001\u904e\u53bb\u5b9f\u7e3e\u30d9\u30fc\u30b9\u306e\u5f37\u3044\u53cd\u8a3c\u3067\u3059\u3002<\/p>\n<p>SIPO\u306f\u3053\u306e\u56de\u9867\u9332\u3092\u3001\u5f53\u521d4\u670810\u65e5\u6295\u7968\u6642\u306b\u306f\u5b58\u5728\u3057\u3066\u3044\u306a\u304b\u3063\u305f<strong>\u6709\u610f\u7fa9\u306a\u30c8\u30e9\u30c3\u30af\u30ec\u30b3\u30fc\u30c9\u30b7\u30b0\u30ca\u30eb<\/strong>\u3068\u3057\u3066\u3001\u518d\u63d0\u51fa\u6848\u4ef6\u306e\u8a55\u4fa1\u3092\u5b9f\u8cea\u7684\u306b\u5f37\u5316\u3059\u308b\u3082\u306e\u3068\u4f4d\u7f6e\u3065\u3051\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e5bd93e5889de68f90e6a188e381a8e381aee5b7aee58886-e28095-e4bd95e3818ce6a78be980a0e79a84e381abe5a489e3828fe381a3e3819fe3818b-16\">\u5f53\u521d\u63d0\u6848\u3068\u306e\u5dee\u5206 \u2015 \u4f55\u304c\u69cb\u9020\u7684\u306b\u5909\u308f\u3063\u305f\u304b<\/h2>\n<p>SIPO\u306f\u5f53\u521d\u63d0\u6848\u306b\u5bfe\u3057\u300c\u671f\u5f85\u4e8b\u9805\u4ed8\u304dYES\u300d\u3092\u6295\u3058\u308b\u969b\u306b\u30017\u3064\u306e\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u4e0a\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3092\u671f\u5f85\u4e8b\u9805\u3068\u3057\u3066\u793a\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u3046\u3061\u672cGerolamo\u63d0\u6848\u306b\u8a72\u5f53\u3059\u308b5\u9805\u76ee\u306b\u3064\u3044\u3066\u3001\u518d\u63d0\u51fa\u7248\u3067\u306e\u5fdc\u7b54\u3092\u78ba\u8a8d\u3057\u307e\u3059\uff1a<\/p>\n<h3 id=\"e291a0-e69c88e6aca1e38399e383ade382b7e38386e382a3e381aee9808fe6988ee680a7-17\">\u2460 \u6708\u6b21\u30d9\u30ed\u30b7\u30c6\u30a3\u306e\u900f\u660e\u6027<\/h3>\n<p>Pebble\u3068\u540c\u6a19\u6e96\uff08Monthly Lightweight Updates\u3001\u56db\u534a\u671f\u8a73\u7d30\u30ec\u30dd\u30fc\u30c8\u3001\u516c\u958b\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u30b8\u30e3\u30fc\u30ca\u30eb\uff09\u304c<code>HarmonicLabs\/2026-treasury-proposal<\/code>\u30ea\u30dd\u30b8\u30c8\u30ea\u3067\u904b\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n<h3 id=\"e291a1-e8bbbde9878fe3838ee383bce38389e69687e88488e381a7e381aee3838fe383bce38389e38395e382a9e383bce382afe5afbee5bf9c-18\">\u2461 \u8efd\u91cf\u30ce\u30fc\u30c9\u6587\u8108\u3067\u306e\u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u5bfe\u5fdc<\/h3>\n<p>\u672c\u63d0\u6848\u306fGerolamo\u3092\u660e\u793a\u7684\u306bdApp\u304a\u3088\u3073\u30a6\u30a9\u30ec\u30c3\u30c8\u5411\u3051\u306e\u8efd\u91cf\u30ce\u30fc\u30c9\u3067\u3042\u308a\u3001\u30d6\u30ed\u30c3\u30af\u751f\u6210\u30ce\u30fc\u30c9\u3067\u306f\u306a\u3044\u3068\u30b9\u30b3\u30fc\u30d7\u3057\u3066\u3044\u307e\u3059\u3002\u672c\u30b9\u30b3\u30fc\u30d7\u306eHF\u5bfe\u5fdc\u306f\u3001\u30d6\u30ed\u30c3\u30af\u30d7\u30ed\u30c7\u30e5\u30fc\u30b5\u30fc\uff08V4 codegen\u3068\u6539\u8a02\u30b3\u30b9\u30c8\u30e2\u30c7\u30eb\u3092\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u306b\u51fa\u8377\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\uff09\u3088\u308a\u69cb\u9020\u7684\u306b\u8efd\u91cf\u3067\u3059\u304c\u3001\u30bc\u30ed\u3067\u306f\u3042\u308a\u307e\u305b\u3093\uff1a\u30d6\u30e9\u30a6\u30b6\u8efd\u91cf\u30ce\u30fc\u30c9\u306fPlutus V4\u30e1\u30a4\u30f3\u30cd\u30c3\u30c8\u306b\u5bfe\u3057\u3066\u540c\u671f\u3001Praos\u30d8\u30c3\u30c0\u30fc\u691c\u8a3c\u3001Plutus\u30b9\u30af\u30ea\u30d7\u30c8\u8a55\u4fa1\u3001UTxO\u30af\u30a8\u30ea\u63d0\u4f9b\u3092\u7d99\u7d9a\u3067\u304d\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002Milestone 1\uff08Q2 2026\uff09\u306f\u30d6\u30e9\u30a6\u30b6\u30b9\u30c8\u30ec\u30fc\u30b8\u5c64\uff08IndexedDB\uff09\u3001\u30cd\u30c3\u30c8\u30ef\u30fc\u30ad\u30f3\u30b0\u5c64\uff08Ouroboros mini-protocols over Web Workers \/ WebSockets + proxy\uff09\u3001\u304a\u3088\u3073\u30d6\u30e9\u30a6\u30b6\u30b3\u30f3\u30c6\u30ad\u30b9\u30c8\u304b\u3089public preprod\u306etip\u307e\u3067\u306e\u540c\u671f\u3092\u914d\u9001\u3057\u307e\u3059\u3002<\/p>\n<p>SIPO\u306f\u3001\u672c\u4f5c\u696d\u304c\u6765\u305f\u308b\u3079\u304dintra-era\u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u3092\u901a\u3058\u3066\u6574\u5408\u7684\u3067\u3042\u308a\u7d9a\u3051\u308b\u3053\u3068\u3092\u3001\u4e0b\u8a18\u306e\u62d8\u675f\u529b\u3042\u308b\u671f\u5f85\u4e8b\u9805\u3067\u660e\u793a\u7684\u306b\u6c42\u3081\u307e\u3059\u3002<\/p>\n<h3 id=\"e291a2-e9818ee58ebbcatalyst-e38388e383ace382b8e383a3e383aae383bce6a188e4bbb6e381aee8aaace6988ee8b2ace4bbbb-19\">\u2462 \u904e\u53bbCatalyst \/ \u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u6848\u4ef6\u306e\u8aac\u660e\u8cac\u4efb<\/h3>\n<p>\u4e0a\u8a18EC-0014-25\u56de\u9867\u9332\u306b\u3088\u308a\u5bfe\u5fdc\u3055\u308c\u3066\u3044\u307e\u3059\u3002SIPO\u306f\u516c\u958b\u3055\u308c\u305f\u56de\u9867\u9332\u3092\u671f\u5f85\u4e8b\u9805\u3078\u306e\u5b9f\u8cea\u7684\u56de\u7b54\u3068\u8a55\u4fa1\u3057\u3001\u7279\u306b\u305d\u308c\u304c<strong>Gerolamo\u304c\u62e1\u5f35\u3059\u308b\u307e\u3055\u306b\u305d\u306e\u4f5c\u696d\u3092\u30ab\u30d0\u30fc\u3057\u3066\u3044\u308b<\/strong>\u70b9\u3092\u91cd\u8996\u3057\u307e\u3059\u3002<\/p>\n<h3 id=\"e291a3-aikene8a39ce5ae8ce996a2e4bf82-20\">\u2463 Aiken\u88dc\u5b8c\u95a2\u4fc2<\/h3>\n<p>Gerolamo\u306f\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u8a00\u8a9e\u3067\u306f\u306a\u304f\u8efd\u91cf\u30ce\u30fc\u30c9\u306e\u305f\u3081\u3001Aiken\u88dc\u5b8c\u6027\u306f\u76f4\u63a5\u9069\u7528\u3055\u308c\u307e\u305b\u3093\u3002\u305f\u3060\u3057Oversight Board\u306bLucas Rosa\u6c0f\uff08Aiken\u3001Midnight\uff09\u304c\u542b\u307e\u308c\u3066\u304a\u308a\u3001Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u6a2a\u65ad\u7684\u306a\u30ac\u30d0\u30ca\u30f3\u30b9\u306fPebble\u63d0\u6848\u3068\u540c\u69d8\u306b\u78ba\u4fdd\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3 id=\"e291a4-25e382b3e383b3e38386e382a3e383b3e382b8e382a7e383b3e382b7e383bce8a68fe5be8b-21\">\u2464 25%\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u898f\u5f8b<\/h3>\n<p>Pebble\u3068\u540c\u69d8\u3001\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u309225%\u304b\u308915%\u3078\u524a\u6e1b\uff08\u7d76\u5bfe\u502410pp\u30c0\u30a6\u30f3\uff09\u3001\u8fd4\u9084\u53ef\u80fd\u30ea\u30b6\u30fc\u30d6\u3068\u3057\u3066\u69cb\u9020\u5316\u3001\u5951\u7d04\u6e80\u4e86\u6642\u306e\u672a\u4f7f\u7528\u5206\u306f\u5951\u7d04\u30ec\u30d9\u30eb\u5f37\u5236\u3067Cardano\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u3078failsafe sweep\u3002<\/p>\n<hr\/>\n<h2 id=\"e382ace38390e3838ae383b3e382b9e6a78be980a0e381aee8a995e4bea1-22\">\u30ac\u30d0\u30ca\u30f3\u30b9\u69cb\u9020\u306e\u8a55\u4fa1<\/h2>\n<p>Pebble\u63d0\u6848\u3068\u540c\u4e00\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u69cb\u9020\u3067\u3059\uff1a<\/p>\n<ul>\n<li>\u8cc7\u91d1\u306f <strong>SundaeLabs treasury-contracts<\/strong> \u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\uff08TxPipe\u3068MLabs\u306b\u3088\u308a\u72ec\u7acb\u76e3\u67fb\u6e08\u307f\uff09\u306b\u4fdd\u6301<\/li>\n<li><strong>Independent Oversight Board<\/strong>\uff1aSantiago Carmuega\uff08TxPipe\u3001Dolos\uff09\u3001Lucas Rosa\uff08Aiken\u3001Starstream\u3001Midnight\uff09\u3001Chris Gianelloni\uff08BlinkLabs\u3001Dingo\uff09\u306e3\u540d\u69cb\u6210\u3001\u3044\u305a\u308c\u3082HLabs\u306b\u6301\u5206\u306a\u3057<\/li>\n<li>\u6a29\u9650\u30b9\u30ad\u30fc\u30e0\uff1a\u5b9a\u671f\u652f\u6255\u306bHLabs + \u30dc\u30fc\u30c9\u30e1\u30f3\u30d0\u30fc1\u540d\u3001\u69cb\u9020\u5909\u66f4\u306bHLabs + \u30dc\u30fc\u30c9\u904e\u534a\u6570\u3001\u4efb\u610f\u306e\u5358\u4e00\u30dc\u30fc\u30c9\u30e1\u30f3\u30d0\u30fc\u304c\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u4e00\u6642\u505c\u6b62\u53ef\u80fd<\/li>\n<li>\u30a8\u30b9\u30af\u30ed\u30fc\u4e2d\u306e\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u8cc7\u91d1\u306f <strong>DRep\u30ec\u30d9\u30eb\u3067Auto-abstain\u5f37\u5236<\/strong> \u304b\u3064 <strong>SPO\u59d4\u4efb\u4e0d\u53ef<\/strong><\/li>\n<li>\u5951\u7d04\u6e80\u4e86\u6642\u306e\u672a\u4f7f\u7528\u8cc7\u91d1\u306f\u5951\u7d04\u5f37\u5236 <strong>failsafe sweep<\/strong> \u3067Cardano\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u3078\u81ea\u52d5\u8fd4\u5374<\/li>\n<\/ul>\n<p>SIPO\u304cAmaru\u3001Dingo\u3001IOG 9\u63d0\u6848\u30e9\u30a6\u30f3\u30c9\u3001Blockfrost\u3001Pogun\u306b\u5bfe\u3057\u3066\u627f\u8a8d\u3057\u305f\u306e\u3068\u540c\u3058\u30ac\u30d0\u30ca\u30f3\u30b9\u6a19\u6e96\u3067\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"e3839ee382a4e383abe382b9e38388e383bce383b3e6a78be980a0-e28095-e6a49ce8a8bce58fafe883bde381aae9858de98081e8a888e794bb-23\">\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u69cb\u9020 \u2015 \u691c\u8a3c\u53ef\u80fd\u306a\u914d\u9001\u8a08\u753b<\/h2>\n<figure class=\"wp-block-table\">\n<table>\n<thead>\n<tr>\n<th>\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/th>\n<th>\u671f\u9593<\/th>\n<th>\u914d\u9001\u5185\u5bb9<\/th>\n<th>\u914d\u5206\uff08base + contingency\uff09<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>M0<\/td>\n<td>\u8d77\u52d5\u6642<\/td>\n<td>\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u521d\u671f\u5316\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9\u8a2d\u5b9a<\/td>\n<td>\u20b3400,000\uff0810%\u3001\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u306a\u3057\uff09<\/td>\n<\/tr>\n<tr>\n<td>M1<\/td>\n<td>Q2 2026<\/td>\n<td>\u30d6\u30e9\u30a6\u30b6\u30b9\u30c8\u30ec\u30fc\u30b8 + \u30cd\u30c3\u30c8\u30ef\u30fc\u30ad\u30f3\u30b0 + preprod sync<\/td>\n<td>\u20b3900k + \u20b3150k = \u20b31,050,000<\/td>\n<\/tr>\n<tr>\n<td>M2<\/td>\n<td>Q3 2026<\/td>\n<td>\u516c\u958b\u62e1\u5f35\u6a5f\u80fd\u30b9\u30c8\u30a2\u30ea\u30ea\u30fc\u30b9 + \u7c21\u6613\u30af\u30a8\u30eaAPI\uff08\u975e\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff09<\/td>\n<td>\u20b3900k + \u20b3150k = \u20b31,050,000<\/td>\n<\/tr>\n<tr>\n<td>M3<\/td>\n<td>Q4 2026<\/td>\n<td>\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30af\u30a8\u30eaAPI\uff08UTxO by Address &#038; Asset\uff09<\/td>\n<td>\u20b3900k + \u20b3150k = \u20b31,050,000<\/td>\n<\/tr>\n<tr>\n<td>M4<\/td>\n<td>Q1 2027<\/td>\n<td>\u5b89\u5b9a\u6027\u30cf\u30fc\u30c9\u30cb\u30f3\u30b0 + \u30d6\u30e9\u30a6\u30b6\u30ea\u30fc\u30c1\u62e1\u5927 + \u30c9\u30ad\u30e5\u30e1\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3<\/td>\n<td>\u20b3900k + \u20b3150k = \u20b31,050,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>\u5404\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306f\u3001\u30b3\u30df\u30c3\u30c8\u3055\u308c\u305fGitHub\u30ea\u30ea\u30fc\u30b9\u3001\u30b3\u30df\u30c3\u30c8\u6e08\u307f\u540c\u671f\u30ed\u30b0\u3001\u516c\u958b\u30c7\u30e2URL\u3001preprod\u3067\u306e\u6210\u529ftx\u3068\u3044\u3063\u305f<strong>\u516c\u958b\u30a2\u30fc\u30c6\u30a3\u30d5\u30a1\u30af\u30c8\u304b\u3089\u5ba2\u89b3\u7684\u306b\u691c\u8a3c\u53ef\u80fd<\/strong>\u306aAcceptance Criterion\u304c\u5b9a\u7fa9\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>M4\u306e\u30d7\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\u30ec\u30c7\u30a3\u30cd\u30b9\u57fa\u6e96\u306f\u7279\u306b\u660e\u78ba\u3067\u3001<strong>\u226515\u30d4\u30a2\u3068\u306e\u226524\u6642\u9593\u5b89\u5b9a\u63a5\u7d9a<\/strong>\u3001<strong>\u22653\u5225\u500b\u30d6\u30e9\u30a6\u30b6\u30bb\u30c3\u30b7\u30e7\u30f3\u3067\u306etip\u307e\u3067\u306e\u540c\u671f<\/strong>\u3001<strong>\u5c11\u306a\u304f\u3068\u30821\u3064\u306e\u975eChromium\u30a8\u30f3\u30b8\u30f3\uff08Firefox\u307e\u305f\u306f Safari\uff09\u3067\u306e\u691c\u8a3c<\/strong>\uff08screencast\u30ea\u30dd\u30b8\u30c8\u30ea\u30b3\u30df\u30c3\u30c8\u5fc5\u9808\uff09\u3001\u304a\u3088\u3073\u7d71\u5408\u30fbAPI\u30c9\u30ad\u30e5\u30e1\u30f3\u30c8\u306e\u30ea\u30dd\u30b8\u30c8\u30ea\u516c\u958b\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"sipoe3818ce696b0e3819fe381abe4bb98e38199e68b98e69d9fe58a9be38182e3828be9818be794a8e4b88ae381aee69c9fe5be85e4ba8be9a085-24\">SIPO\u304c\u65b0\u305f\u306b\u4ed8\u3059\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u4e0a\u306e\u671f\u5f85\u4e8b\u9805<\/h2>\n<p>SIPO\u306eYES\u306f\u3001\u4ee5\u4e0b\u304c\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3068\u3057\u3066\u6271\u308f\u308c\u3001Independent Oversight Committee\u306e\u516c\u958b\u30ec\u30d3\u30e5\u30fc\u306b\u57fa\u3065\u304d\u3001\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u304c\u56db\u534a\u671f\u3054\u3068\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3092\u6761\u4ef6\u3068\u3057\u307e\u3059\uff1a<\/p>\n<ol>\n<li><strong>\u30d6\u30e9\u30a6\u30b6\u8efd\u91cf\u30ce\u30fc\u30c9\u306eHF\u6574\u5408\u6027\u3092M2\uff08Q3 2026\uff09\u307e\u3067\u306b\u5b9f\u8a3c<\/strong>\uff1aGerolamo\u306f\u30d6\u30e9\u30a6\u30b6\u30b3\u30f3\u30c6\u30ad\u30b9\u30c8\u304b\u3089\u516c\u958bPlutus V4\u30c6\u30b9\u30c8\u30cd\u30c3\u30c8\u3092tip\u307e\u3067\u540c\u671f\u3057\u3001run\u3092\u30ed\u30b0\u8a18\u9332\u3057\u3066\u30ea\u30dd\u30b8\u30c8\u30ea\u306b\u30b3\u30df\u30c3\u30c8\u3002SIPO\u306fGerolamo\u304cV4 codegen\u3092\u51fa\u8377\u3059\u308b\u3053\u3068\u3092\u8981\u6c42\u3057\u306a\u3044\uff08\u305d\u308c\u306fPebble\u306e\u30b9\u30b3\u30fc\u30d7\uff09\u304c\u3001intra-era\u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u3092\u901a\u3058\u3066\u8efd\u91cf\u30ce\u30fc\u30c9\u304c\u6709\u52b9\u306aPlutus V4 verifier\u3067\u3042\u308a\u7d9a\u3051\u308b\u3053\u3068\u3092\u8981\u6c42\u3059\u308b\u3002\u5b9f\u8a3c\u5931\u6557\u6642\u306fM2\u652f\u6255\u3092\u4e00\u6642\u505c\u6b62\u3059\u3079\u304d\u3002<\/li>\n<li><strong>\u30d7\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\u30ec\u30c7\u30a3\u30cd\u30b9\u57fa\u6e96\u306f\u518d\u73fe\u53ef\u80fd\u30fb\u7b2c\u4e09\u8005\u691c\u8a3c\u53ef\u80fd\u306a\u8a3c\u8de1\u3067\u9054\u6210<\/strong>\uff1aM4\u306e4\u57fa\u6e96\uff08\u226515\u30d4\u30a2\u3068\u306e\u226524\u6642\u9593\u5b89\u5b9apeer-set\u3001\u22653\u5225\u500b\u30d6\u30e9\u30a6\u30b6\u30bb\u30c3\u30b7\u30e7\u30f3\u3067\u306e\u540c\u671f\u3001\u5c11\u306a\u304f\u3068\u30821\u3064\u306e\u975eChromium\u30a8\u30f3\u30b8\u30f3\u3067\u306e\u691c\u8a3c\u3001\u30ea\u30dd\u30b8\u30c8\u30ea\u3067\u306eintegration &#038; API\u30c9\u30ad\u30e5\u30e1\u30f3\u30c8\u516c\u958b\uff09\u306f\u30b2\u30fc\u30c8\u3067\u3042\u308a\u3001\u9858\u671b\u3067\u306f\u306a\u3044\u3002SIPO\u306fOversight Committee\u304c\u30b3\u30df\u30c3\u30c8\u3055\u308c\u305frun\u30ed\u30b0\u3001peer-list snapshot\u3001screencast\u306b\u5bfe\u3057\u3066\u3053\u308c\u3089\u3092\u691c\u8a3c\u3057\u3001M4\u652f\u6255\u5171\u540c\u7f72\u540d\u524d\u306b\u7c21\u6f54\u306a\u691c\u8a3c\u30ce\u30fc\u30c8\u3092\u516c\u958b\u3059\u308b\u3053\u3068\u3092\u671f\u5f85\u3002<\/li>\n<li><strong>\u30b9\u30b3\u30fc\u30d7\u5c01\u3058\u8fbc\u3081\u306f\u62d8\u675f\u529b<\/strong>\uff1a\u672c\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u9593\u4e2d\u3001\u30d6\u30ed\u30c3\u30af\u751f\u6210\u3001\u30b5\u30fc\u30d0\u30fc\u30b5\u30a4\u30c9\u30ea\u30ec\u30fc\u5f79\u5272\u3001\u30d5\u30eb\u30ce\u30fc\u30c9\u7528\u9014\u3078\u306e\u65b9\u5411\u8ee2\u63db\u306f\u3001\u72ec\u81ea\u76e3\u67fb\u8a08\u753b\uff08\u63d0\u6848\u81ea\u4f53\u304c\u30d6\u30ed\u30c3\u30af\u751f\u6210\u8ffd\u52a0\u306b\u306f\u7d04$500k\u8ffd\u52a0\u76e3\u67fb\u3068\u5c11\u306a\u304f\u3068\u3082\u8ffd\u52a01 FTE\u304c\u5fc5\u8981\u3068\u6ce8\u8a18\uff09\u3092\u3082\u3064\u5225\u500b\u30ac\u30d0\u30ca\u30f3\u30b9\u30a2\u30af\u30b7\u30e7\u30f3\u3068\u3057\u3066\u623b\u3055\u308c\u308b\u3079\u304d\u3067\u3042\u308a\u3001\u73fe\u5728\u306e\u7533\u8acb\u306b\u5438\u53ce\u3055\u308c\u308b\u3079\u304d\u3067\u306f\u306a\u3044\u3002<\/li>\n<li><strong>\u63a1\u7528\u6307\u6a19\u306f\u540d\u524d\u4ed8\u304d\u7d71\u5408\u3067\u5831\u544a<\/strong>\uff1a\u672c\u63d0\u6848\u306f12\u30f6\u6708\u4ee5\u5185\u306b\u22653\u306ewallet \/ dApp\u7d71\u5408\u306b\u30b3\u30df\u30c3\u30c8\u3002SIPO\u306f\u3053\u308c\u3089\u304c\u56db\u534a\u671f\u3054\u3068\u306b\u3001\u7d71\u5408\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u540d\u3001\u7d71\u5408\u30b3\u30df\u30c3\u30c8\u307e\u305f\u306f\u516c\u958b\u30ea\u30ea\u30fc\u30b9\u30ce\u30fc\u30c8\u3078\u306e\u30ea\u30f3\u30af\u3001\u304a\u3088\u3073\u7d71\u5408\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u5074\u304b\u3089\u306e\u540c\u610f\u78ba\u8a8d\u3092\u3082\u3063\u3066\u5831\u544a\u3055\u308c\u308b\u3053\u3068\u3092\u671f\u5f85\u3059\u308b\u3002<strong>\u533f\u540d\u7d71\u5408\u30ab\u30a6\u30f3\u30c8\u306f\u4e0d\u53ef<\/strong>\u3002<\/li>\n<li><strong>Mithril\u7d71\u5408\u306e\u5b8c\u4e86<\/strong>\uff1aEC-0014-25\u56de\u9867\u9332\u306fMithril\u7d71\u5408\u3092\u521d\u671f\u30b5\u30dd\u30fc\u30c8\u5b9f\u88c5\u6e08\u307f\u3067\u9032\u884c\u4e2d\u3068\u8a18\u9332\u3002SIPO\u306fMithril\u7d71\u5408\u304c\u672c\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u9593\u4e2d\u306b\u6587\u66f8\u5316\u3055\u308c\u305f\u5b8c\u4e86\u72b6\u614b\u306b\u5230\u9054\u3059\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3001\u30d6\u30e9\u30a6\u30b6\u30b3\u30f3\u30c6\u30ad\u30b9\u30c8\u304b\u3089\u306eMithril\u30a2\u30f3\u30ab\u30fcbootstrap\u3092\u5b9f\u8a3c\u3059\u308b\u30bf\u30b0\u4ed8\u304d\u30ea\u30ea\u30fc\u30b9\u3068\u3001\u521d\u671f\u540c\u671f\u6642\u9593\u524a\u6e1b\u306b\u95a2\u3059\u308b\u516c\u958b\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u4f34\u3046\u3079\u304d\u3067\u3042\u308b\u3002<\/li>\n<li><strong>Trustless Bridge\u30d7\u30ea\u30df\u30c6\u30a3\u30d6\u6ce2\u53ca\u306f\u5f15\u304d\u7d99\u304e\u6642\u306b\u6587\u66f8\u5316<\/strong>\uff1aM4 hand-off \/ &#8216;what&#8217;s next&#8217;\u30ec\u30dd\u30fc\u30c8\u306f\u3001Gerolamo\u5411\u3051\u306b\u958b\u767a\u3055\u308c\u305f\u691c\u8a3c\u30d7\u30ea\u30df\u30c6\u30a3\u30d6\uff08succinct certificates\u3001cheap header validation\u3001embeddable verifiers\u3001partial state proofs\uff09\u306e\u3046\u3061\u3001trustless bridge\u3001L2 verifier\u3001dApp\u5074\u691c\u8a3c\u306b\u518d\u5229\u7528\u53ef\u80fd\u306a\u3082\u306e\u3092\u660e\u793a\u7684\u306b\u8b58\u5225\u3059\u3079\u304d\u3067\u3042\u308b\u3002\u3053\u308c\u306fGerolamo\u306e\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u6295\u8cc7\u3092\u3001\u3088\u308a\u5e83\u7bc4\u306a\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u69cb\u7bc9\u3067\u304d\u308b\u516c\u5171\u8ca1\u8cc7\u7523\u306b\u5909\u63db\u3059\u308b\u6587\u66f8\u5316\u30b9\u30c6\u30c3\u30d7\u3002<\/li>\n<li><strong>\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u4f7f\u7528\u306f\u516c\u958b\u4f1a\u8a08<\/strong>\uff1a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u30d9\u30fc\u30b9\u30e9\u30a4\u30f3\u5206\u3092\u8d85\u3048\u308b\u20b3600,000\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u30ea\u30b6\u30fc\u30d6\u306e\u652f\u6255\u306f\u3059\u3079\u3066\u3001\u56db\u534a\u671f\u30ec\u30dd\u30fc\u30c8\u304a\u3088\u3073\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u30b8\u30e3\u30fc\u30ca\u30eb\u306b\u516c\u958b\u6b63\u5f53\u5316\u30a8\u30f3\u30c8\u30ea\u3092\u4f34\u3046\u3082\u306e\u3068\u3057\u3001\u539f\u56e0\u3068\u5f15\u304d\u51fa\u3057\u984d\u3092\u8b58\u5225\u3059\u308b\u3002\u5951\u7d04\u6e80\u4e86\u6642\u306e\u672a\u4f7f\u7528\u30b3\u30f3\u30c6\u30a3\u30f3\u30b8\u30a7\u30f3\u30b7\u30fc\u306fSundaeLabs failsafe\u3092\u901a\u3058\u3066Cardano\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u3078\u8fd4\u5374\u3055\u308c\u308b\u3053\u3068\u3002<\/li>\n<li><strong>Independent Oversight Committee\u30ec\u30d3\u30e5\u30fc\u306e\u5b89\u5b9a\u30d5\u30a9\u30fc\u30de\u30c3\u30c8\u516c\u958b<\/strong>\uff1a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u9032\u6357\u3001KPI\u63a8\u79fb\u3001\u9045\u5ef6\u7406\u7531\u3001\u6b21\u56db\u534a\u671f\u306e\u30af\u30ea\u30c6\u30a3\u30ab\u30eb\u30d1\u30b9\u3092\u3001\u56db\u534a\u671f\u9593\u3067\u6bd4\u8f03\u53ef\u80fd\u306a\u5f62\u3067\u516c\u958b\u3059\u308b\u3053\u3068\u3002SIPO\u304cAmaru\u30fbDingo\u306b\u6c42\u3081\u3066\u304d\u305f\u306e\u3068\u540c\u3058\u5831\u544a\u898f\u5f8b\u3092\u671f\u5f85\u3002<\/li>\n<\/ol>\n<hr\/>\n<h2 id=\"e9818ee58ebbe68a95e7a5a8e382b9e382bfe383b3e382b9e381a8e381aee695b4e59088e680a7-25\">\u904e\u53bb\u6295\u7968\u30b9\u30bf\u30f3\u30b9\u3068\u306e\u6574\u5408\u6027<\/h2>\n<h3 id=\"e3838ee383bce38389e5a49ae6a798e680a7e38389e382afe38388e383aae383b3-26\">\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u30c9\u30af\u30c8\u30ea\u30f3<\/h3>\n<p>Amaru\uff08Rust\uff09\u2192 YES\u3001Dingo\uff08Go\uff09\u2192 YES\u3001\u539f HLabs Pebble + Gerolamo Budget \u2192 YES\uff08\u671f\u5f85\u4e8b\u9805\u4ed8\u304d\uff09\u3001\u672cGerolamo\u518d\u63d0\u51fa \u2192 YES\u3002Haskell\u5358\u4e00\u5b9f\u88c5\u30ea\u30b9\u30af\u8efd\u6e1b\uff08Ethereum Prysm\u30a4\u30f3\u30b7\u30c7\u30f3\u30c82026-03\u304c\u8a3c\u660e\uff09\u306e\u8ad6\u7406\u3092\u3001\u30d6\u30ed\u30c3\u30af\u30d7\u30ed\u30c7\u30e5\u30fc\u30b5\u30fc\u8ef8\u304b\u3089\u30d6\u30e9\u30a6\u30b6\u30bf\u30fc\u30b2\u30c3\u30c8\u8efd\u91cf\u30ce\u30fc\u30c9\u8ef8\u3078\u3068 <strong>\u69cb\u9020\u7684\u306b\u62e1\u5f35<\/strong> \u3059\u308b\u3082\u306e\u3002<\/p>\n<h3 id=\"eutxoxbrowser-node-cardano-only-uspe38389e382afe38388e383aae383b3-27\">EUTXO\u00d7Browser Node = Cardano-only USP\u30c9\u30af\u30c8\u30ea\u30f3<\/h3>\n<p>SIPO\u306f\u5185\u90e8\u30c9\u30af\u30c8\u30ea\u30f3\u3068\u3057\u3066\u3001L2\uff0b wrapped bridge\u8a2d\u8a08\u304c\u982d\u6253\u3061\u306b\u306a\u308a\u3064\u3064\u3042\u308a\u3001Cardano\u306e\u69cb\u9020\u7684\u512a\u4f4d\u6027\u306f\u7af6\u5408\u304c\u30d9\u30fc\u30b9\u30ec\u30a4\u30e4\u30fc\u3092\u66f8\u304d\u63db\u3048\u306a\u3044\u9650\u308a\u6a21\u5023\u3067\u304d\u306a\u3044<strong>UTxO\u30cd\u30a4\u30c6\u30a3\u30d6\u8a2d\u8a08<\/strong>\u306b\u3042\u308b\u3068\u4fdd\u6301\u3057\u3066\u304d\u307e\u3057\u305f\u3002Gerolamo\u306f\u3053\u306e\u6f5c\u5728\u7684\u512a\u4f4d\u6027\u3092<strong>\u5b9f\u969b\u306b\u51fa\u8377\u53ef\u80fd\u306a\u30d7\u30ed\u30c0\u30af\u30c8<\/strong>\u306b\u5909\u63db\u3059\u308b\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u3042\u308a\u3001\u672c\u30c9\u30af\u30c8\u30ea\u30f3\u3068\u5b8c\u5168\u306b\u6574\u5408\u3057\u307e\u3059\u3002<\/p>\n<h3 id=\"cardano-2030e688a6e795a5e695b4e59088-28\">Cardano 2030\u6226\u7565\u6574\u5408<\/h3>\n<p>\u672c\u63d0\u6848\u306fCardano 2030\u6226\u7565\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306e <strong>Pillar 1\uff08Infrastructure &#038; Research Excellence\uff09I.2 Security &#038; Resilience \u2192 Client Diversity<\/strong> \u3068\u76f4\u63a5\u6574\u5408\u3057\u3001\u5f62\u5f0f\u76842030 KPI\u300cAlternative full-node clients \u22652 spec-conformant\u300d\u306b\u5bfe\u3059\u308b\u76f4\u63a5\u8ca2\u732e\u3092\u6e2c\u5b9a\u53ef\u80fd\u306a\u63a1\u7528\u6307\u6a19\uff08\u22653 wallet \/ dApp\u7d71\u5408\uff09\u3068\u3068\u3082\u306b\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3 id=\"treasury-fite38389e382afe38388e383aae383b3v2-0e785a7e59088-29\">Treasury Fit\u30c9\u30af\u30c8\u30ea\u30f3v2.0\u7167\u5408<\/h3>\n<p>8\u30b7\u30b0\u30ca\u30eb\u4e2d0\u4ef6hit\uff1aHLabs\u306f\u81ea\u5df1\u8cc7\u91d1\u4e0d\u53ef\u80fd\u306aR&#038;D\u4f01\u696d\u3001Oversight Board\u69cb\u9020\u306f\u4e09\u91cd\u5229\u76ca\u76f8\u53cd\u30d1\u30bf\u30fc\u30f3\u3092\u9632\u6b62\u3001\u672c\u63d0\u6848\u306f\u516c\u5171\u8ca1\u30a4\u30f3\u30d5\u30e9\uff08\u5b8c\u5168\u691c\u8a3c\u30d6\u30e9\u30a6\u30b6\u30bf\u30fc\u30b2\u30c3\u30c8\u8efd\u91cf\u30ce\u30fc\u30c9 + \u30d6\u30ea\u30c3\u30b8\u30fbL2 verifier\u306b\u6ce2\u53ca\u3059\u308b\u691c\u8a3c\u30d7\u30ea\u30df\u30c6\u30a3\u30d6\uff09\u3067\u3042\u3063\u3066\u30d6\u30e9\u30f3\u30c9\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3067\u306f\u306a\u304f\u3001IOG presence\u306f\u69cb\u9020\u7684\u306b\u5fc5\u8981\u3067\u306f\u306a\u304f\u3001\u5177\u4f53\u7684\u3067\u30cb\u30e5\u30fc\u30b9\u4fa1\u5024\u306e\u3042\u308b\u6280\u8853\u7684\u30c7\u30ea\u30d0\u30e9\u30d6\u30eb\uff08Cardano\u4e0a\u521d\u306e\u30d7\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\u30ec\u30c7\u30a3\u306ain-browser\u691c\u8a3c\u30ce\u30fc\u30c9\u3001\u516c\u958b\u62e1\u5f35\u6a5f\u80fd\u30b9\u30c8\u30a2\u63b2\u8f09\u3001indexed UTxO\u30af\u30a8\u30eaAPI\uff09\u3092\u542b\u307f\u3001\u30a4\u30d9\u30f3\u30c8\u63d0\u6848\u3067\u306f\u306a\u3044\u3002Treasury Fit\u306f\u30dd\u30b8\u30c6\u30a3\u30d6\u3002<\/p>\n<hr\/>\n<h2 id=\"e7b590e381b3-30\">\u7d50\u3073<\/h2>\n<p>SIPO\u306f\u672c\u63d0\u6848\u3092\u3001\u5f53\u521dHLabs 2026 ask\u306e\u30d6\u30e9\u30a6\u30b6\u8efd\u91cf\u30ce\u30fc\u30c9\u534a\u5206\u306e\u3001\u9996\u5c3e\u4e00\u8cab\u3057\u305f\u69cb\u9020\u7684\u306b\u6539\u5584\u3055\u308c\u305f\u518d\u63d0\u51fa\u3068\u3057\u3066\u8a55\u4fa1\u3057\u3001EC-0014-25\u56de\u9867\u9332\u306b\u3088\u308a\u5b9f\u8cea\u7684\u306b\u5f37\u5316\u3055\u308c\u305f\u3082\u306e\u3068\u4f4d\u7f6e\u3065\u3051\u307e\u3059\u3002SIPO\u304c\u5f53\u521dYES\u306b\u4ed8\u3057\u305f\u62d8\u675f\u529b\u3042\u308b\u671f\u5f85\u4e8b\u9805\u306e\u3059\u3079\u3066\u304c\u3001\u518d\u63d0\u51fa\u3055\u308c\u305f\u30c6\u30ad\u30b9\u30c8\u3068\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u69cb\u9020\u3067\u5bfe\u5fdc\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u57fa\u790e\u306b\u3042\u308b\u516c\u5171\u8ca1\u30b1\u30fc\u30b9 \u2014 <strong>Cardano\u306eeUTxO\u30cd\u30a4\u30c6\u30a3\u30d6\u306a\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u7279\u6027\u3092\u3001dApp\u3068\u30a6\u30a9\u30ec\u30c3\u30c8\u304c\u4fe1\u983c\u30d0\u30c3\u30af\u30a8\u30f3\u30c9\u306a\u3057\u306b\u4f9d\u62e0\u3067\u304d\u308b\u51fa\u8377\u53ef\u80fd\u3067\u5b8c\u5168\u691c\u8a3c\u306a\u30d6\u30e9\u30a6\u30b6\u30ce\u30fc\u30c9\u306b\u5909\u63db\u3057\u3001\u540c\u6642\u306b\u30d6\u30ea\u30c3\u30b8\u30fbL2\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u5168\u4f53\u306b\u8907\u5408\u3059\u308b\u691c\u8a3c\u30d7\u30ea\u30df\u30c6\u30a3\u30d6\u3092\u751f\u307f\u51fa\u3059\u3053\u3068<\/strong> \u2014 \u306f\u5f31\u307e\u3063\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u30ce\u30fc\u30c9\u591a\u69d8\u6027\u306e\u7b2c4\u8ef8\uff08Haskell \/ Rust \/ Go \/ TypeScript-WASM\uff09\u306f\u3001SIPO\u304c\u65e2\u306b\u4e8c\u5ea6\u627f\u8a8d\u3057\u305f\u30c9\u30af\u30c8\u30ea\u30f3\u3092\u62e1\u5f35\u3057\u307e\u3059\u3002<\/p>\n<p>SIPO\u306eYES\u306f\u3001\u30c7\u30ea\u30d0\u30ea\u30fc\u304b\u3089\u5207\u308a\u96e2\u3055\u308c\u305fHLabs\u3068\u3044\u3046\u7d44\u7e54\u3078\u306e\u4fe1\u8a8d\u7968\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u672c\u63d0\u6848\u306e\u7279\u5b9a\u306e\u4f5c\u696d\u30b9\u30b3\u30fc\u30d7\u3092\u3001\u7279\u5b9a\u306e\u4e88\u7b97\u6c34\u6e96\u3067\u3001\u7279\u5b9a\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u69cb\u9020\u306e\u3082\u3068\u3067\u8cc7\u91d1\u63d0\u4f9b\u3059\u308b\u4fa1\u5024\u304c\u3042\u308b\u3068\u306e\u5224\u65ad\u7968\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u4e0a\u8a18\u306e8\u3064\u306e\u671f\u5f85\u4e8b\u9805\u304c\u62d8\u675f\u529b\u3042\u308b\u904b\u7528\u4e0a\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3068\u3057\u3066\u6271\u308f\u308c\u3001\u5404\u652f\u6255\u524d\u306bIndependent Oversight Committee\u306b\u3088\u3063\u3066\u691c\u8a3c\u3055\u308c\u308b\u3053\u3068\u3092\u6761\u4ef6\u3068\u3057\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u4e0a\u306e\u7406\u7531\u306b\u3088\u308a\u3001SIPO DRep\u3068\u3057\u3066\u672c\u63d0\u6848\u306b\u8cdb\u6210\uff08YES\uff09\u3092\u6295\u3058\u307e\u3059\u3002<\/p>\n<hr\/>\n<h2 id=\"sipo-drep-how-we-view-the-resubmitted-the-first-node-in-the-browser-a-cardano-usp-gerolamo-proposal-e28095-analysis-yes-vote-and-stance-31\">SIPO DRep: How We View the Resubmitted &#8220;The First Node in the Browser; a Cardano USP (Gerolamo)&#8221; Proposal \u2015 Analysis, YES Vote, and Stance<\/h2>\n<h2 id=\"introduction-32\">Introduction<\/h2>\n<p>This article presents SIPO DRep&#8217;s analysis and decision on the governance action &#8220;The first node in the browser; a Cardano USP,&#8221; submitted in Epoch 629 on 2026-05-05.<\/p>\n<p>This is a Treasury Withdrawal proposal submitted by Harmonic Laboratories (HLabs), requesting \u20b34,600,000 (approximately $1.15M at $0.25 ADA\/USD). Over a 12-month period, it funds the development of <strong>Gerolamo<\/strong>, a fully-validating Cardano light node packaged as a browser extension.<\/p>\n<p>This is not a standalone new proposal. The original HLabs 2026 Budget proposal (a single \u20b38,035,714 ask), on which SIPO voted YES with expectations on 2026-04-10, narrowly missed DRep ratification at 66.78%, just below the 67% threshold. HLabs responded to community feedback by splitting the work into two independently-votable proposals. This is one half. The other half (&#8220;Pebble &#038; Ecosystem Maintenance: TypeScript Core of Cardano&#8221;) is covered in a <a href=\"https:\/\/sipo.tokyo\/?p=45864\">separate article<\/a>.<\/p>\n<p>The Gerolamo half is materially strengthened by the published <strong>EC-0014-25 retrospective<\/strong>, which did not exist at the time of the original April 10 vote.<\/p>\n<p>SIPO votes YES on this proposal. Below we lay out why Gerolamo is a Cardano-only structural USP, how the original five expectations are addressed, and the eight new binding operational expectations SIPO attaches to this YES.<\/p>\n<hr\/>\n<h2 id=\"why-gerolamo-is-a-cardano-only-structural-usp-33\">Why Gerolamo Is a Cardano-Only Structural USP<\/h2>\n<p>&#8220;A node that runs in the browser&#8221; has been talked about across the L1 landscape for years. Yet no major chain has shipped a <strong>fully-validating<\/strong> browser node. The reason lies in base-layer design.<\/p>\n<p>Cardano&#8217;s eUTxO design has architectural properties no other major chain can match: eUTxO state stays local to the transaction; block sizes and bandwidth requirements are bounded and modest; consensus (Praos) is verifiable on light resources; Plutus scripts are pure functions over a deterministic CEK machine, straightforward to host in a JavaScript \/ WebAssembly runtime. Together, these properties make Cardano <strong>the only major chain where a fully-validating in-browser node is technically realistic today<\/strong>.<\/p>\n<p>Gerolamo turns this latent architectural advantage into a <strong>shipped product<\/strong>. Not a research demo, not a stripped-down SPV client \u2014 a real node running consensus, validating headers and blocks, and evaluating Plutus scripts, all inside a browser extension on the user&#8217;s machine. This is <strong>a concrete differentiator Cardano can put in front of developers, wallet teams, enterprises, and regulators<\/strong>.<\/p>\n<hr\/>\n<h2 id=\"gerolamo-as-the-fourth-axis-of-node-diversity-34\">Gerolamo as the Fourth Axis of Node Diversity<\/h2>\n<p>SIPO voted YES on Amaru (Rust) and Dingo (Go) on the basis that <strong>Haskell single-implementation risk is real<\/strong> (the Ethereum Prysm incident of 2026-03 is the canonical reference). Gerolamo extends this doctrine to a <strong>fourth axis<\/strong>: TypeScript \/ WebAssembly, but in a <strong>structurally different role<\/strong> \u2014 a light validating node for dApps and wallets, not a block producer.<\/p>\n<p>The proposal explicitly scopes server-side relay roles, block production, and other full-node use cases as out-of-scope, noting that adding block production would require an additional ~$500k audit plus at least one additional FTE. This is the <strong>strongest possible structural answer to a node-diversity concern<\/strong>: Amaru \/ Dingo (block producers) and Gerolamo (light node) support the same doctrine in different roles.<\/p>\n<hr\/>\n<h2 id=\"why-gerolamo-is-needed-e28095-the-structurally-missing-piece-35\">Why Gerolamo Is Needed \u2015 The Structurally Missing Piece<\/h2>\n<p>Most Cardano dApps today rely on <strong>centralized indexers or third-party APIs<\/strong> to query chain state. A production-ready browser node lets dApps query a fully-validating light node hosted by a browser extension the user installs once, providing <strong>direct, trustless access to the Cardano ledger without any backend dependency<\/strong>. Light wallet developers can integrate Gerolamo to offer Daedalus-grade security guarantees without the overhead of running a full node. And Gerolamo contributes a TypeScript-native, browser-targeted light node to client diversity, reducing the risk that a bug in any single client cascades through the wallets and dApps that depend on it.<\/p>\n<hr\/>\n<h2 id=\"research-dividend-e28095-ecosystem-wide-spillover-36\">Research Dividend \u2015 Ecosystem-Wide Spillover<\/h2>\n<p>Engineering a node small enough to run in a browser is not a packaging exercise. It forces real progress on a class of problems the broader Cardano ecosystem will need anyway: compact \/ succinct validation (Mithril-style certificates, partial state proofs, header-chain verification \u2014 the same building blocks of trustless bridges and rollups); a forcing function for future consensus protocols (Leios and beyond must remain verifiable on light resources); trustless bridge primitives (a bridge contract on chain B needs the same succinct verification primitive as a browser node); Layer 2 verifiers (structurally the same artifact as a browser light node); and dApp-side verification (a drop-in, audited, JavaScript-native verifier replaces every team rolling its own).<\/p>\n<p>Even setting aside the marketing value of &#8220;node in the browser,&#8221; the engineering required to ship Gerolamo is <strong>foundational research the Cardano ecosystem needs in order to deliver on its bridges-and-L2 roadmap<\/strong>.<\/p>\n<hr\/>\n<h2 id=\"the-ec-0014-25-retrospective-e28095-material-change-from-april-10-37\">The EC-0014-25 Retrospective \u2015 Material Change from April 10<\/h2>\n<p>This is the <strong>most important new information<\/strong> added since the original proposal. The HLabs <strong>2025 Retrospective<\/strong> covering HLabs&#8217;s first treasury-funded work, the EC-0014-25 Gerolamo Treasury Contract (\u20b3578,571, executed 2025-08-12 to 2026-03-30), has been published at <a href=\"https:\/\/gateway.pinata.cloud\/ipfs\/QmZVw82XNXNsgGmBj39R26Mx7jgzWaNjSw4A7JM9Erye9c\">IPFS QmZVw82XNXNsgGmBj39R26Mx7jgzWaNjSw4A7JM9Erye9c<\/a>.<\/p>\n<p>The retrospective documents <strong>11 of 13 planned items as fully shipped<\/strong> (Ouroboros mini-protocols, multi-era chain sync, block\/header parsing, header validation with VRF, transaction submission, block validation with ledger state updates, rollback handling, full storage with WAL concurrency, HTTP block API, mempool management, terminal UI \/ structured logging) and 2 of 13 as in progress with foundations in place (P2P peer management \u2014 multi-peer handling implemented, dynamic peer selection is next; Mithril integration \u2014 initial support integrated, ongoing).<\/p>\n<p>Notably, <strong>browser compatibility was explicitly scoped as in-progress under EC-0014-25<\/strong>, with design decisions made to facilitate the next phase \u2014 <strong>precisely the scope of this resubmission<\/strong>. And HLabs delivered on all commitments despite the project being <strong>effectively underfunded by more than half in USD terms<\/strong> (ADA\/USD dropped from ~0.7 at submission to under 0.3 today).<\/p>\n<p>SIPO treats this retrospective as a <strong>meaningful track-record signal<\/strong> that did not exist at the time of the original 2026-04-10 vote.<\/p>\n<hr\/>\n<h2 id=\"what-changed-structurally-from-the-original-38\">What Changed Structurally from the Original<\/h2>\n<p>SIPO&#8217;s original YES vote was conditional on seven binding operational commitments. The five that apply to this scope are addressed as follows in the resubmission:<\/p>\n<ol>\n<li><strong>Monthly velocity transparency<\/strong>: same standard as Pebble (Monthly Lightweight Updates, Quarterly Reports, Public Transaction Journal).<\/li>\n<li><strong>HF readiness in light-node context<\/strong>: M1 (Q2 2026) delivers browser storage (IndexedDB), networking (Ouroboros mini-protocols over Web Workers \/ WebSockets), and a preprod sync from a browser context. HF coherence required by M2 \u2014 added as a binding expectation below.<\/li>\n<li><strong>Past Catalyst accountability<\/strong>: addressed by the EC-0014-25 retrospective above, particularly relevant because it covers the very work Gerolamo extends.<\/li>\n<li><strong>Aiken complementarity<\/strong>: Gerolamo is not a language, but Lucas Rosa (Aiken, Midnight) on the Oversight Board ensures cross-ecosystem governance perspective as in Pebble.<\/li>\n<li><strong>25% contingency discipline<\/strong>: reduced to 15%, structured as a refundable reserve with contract-enforced failsafe sweep.<\/li>\n<\/ol>\n<hr\/>\n<h2 id=\"governance-structure-39\">Governance Structure<\/h2>\n<p>Identical to the Pebble proposal: SundaeLabs treasury-contracts framework (TxPipe + MLabs audited); Independent Oversight Board of Santiago Carmuega (TxPipe, Dolos), Lucas Rosa (Aiken, Starstream, Midnight), Chris Gianelloni (BlinkLabs, Dingo); auto-abstain DRep delegation on escrow; failsafe sweep at contract expiration. The same governance standard SIPO has approved for Amaru, Dingo, the IOG 9-proposal round, Blockfrost, and Pogun.<\/p>\n<hr\/>\n<h2 id=\"sipos-new-binding-operational-expectations-40\">SIPO&#8217;s New Binding Operational Expectations<\/h2>\n<ol>\n<li><strong>Hard-fork coherence for the browser light node demonstrated by M2 (Q3 2026)<\/strong>: Gerolamo must sync a public Plutus V4 testnet to tip from a browser context, with the run logged and committed to the repo. SIPO does not require Gerolamo to ship V4 codegen (that is Pebble&#8217;s scope), but does require the light node to remain a valid Plutus V4 verifier across the intra-era hard fork.<\/li>\n<li><strong>Production-readiness criteria met with reproducible, third-party-verifiable evidence<\/strong>: the four M4 criteria (\u226515 peers \/ \u226524-hour stable peer-set, sync across \u22653 separate browser sessions, verification on a non-Chromium engine with screencast committed, integration \/ API documentation published) are gates, not aspirations.<\/li>\n<li><strong>Scope containment binding<\/strong>: any pivot toward block production, server-side relay roles, or full-node use cases during this funding period should come back as a separate governance action with its own audit plan.<\/li>\n<li><strong>Adoption indicator reported with named integrations<\/strong>: the \u22653 wallet \/ dApp integrations should be reported quarterly with project names, integration commit or release links, and consenting projects&#8217; confirmation. <strong>Anonymous integration counts are not sufficient.<\/strong><\/li>\n<li><strong>Mithril integration completion<\/strong>: a documented completion state during this funding period, with a tagged release demonstrating Mithril-anchored bootstrap from a browser context and a public benchmark on initial-sync time savings.<\/li>\n<li><strong>Trustless bridge primitives spillover documented at the M4 hand-off<\/strong>: the &#8220;what&#8217;s next&#8221; report must explicitly identify which verification primitives developed for Gerolamo are reusable for trustless bridges, L2 verifiers, and dApp-side verification.<\/li>\n<li><strong>Contingency drawdown publicly accounted for<\/strong>: any disbursement of the \u20b3600,000 contingency reserve beyond the milestone-baseline portions must be accompanied by a public justification entry. Unused contingency at contract expiration must sweep back to the Cardano treasury via the SundaeLabs failsafe.<\/li>\n<li><strong>Independent Oversight Committee reviews published in a stable, quarter-over-quarter comparable format<\/strong>.<\/li>\n<\/ol>\n<hr\/>\n<h2 id=\"closing-41\">Closing<\/h2>\n<p>SIPO views this proposal as a coherent and structurally improved resubmission of the browser-light-node half of the original HLabs 2026 ask, materially strengthened by the EC-0014-25 retrospective. The underlying public-good case \u2014 <strong>turning Cardano&#8217;s eUTxO-native architectural property into a shippable, fully-validating browser node that dApps and wallets can rely on without trusted backends, while producing verification primitives that compound across the bridges and L2 roadmap<\/strong> \u2014 has not weakened. The fourth axis of node diversity (Haskell \/ Rust \/ Go \/ TypeScript-WASM) extends a doctrine SIPO has already endorsed twice. For these reasons, SIPO DRep votes YES.<\/p>\n<hr\/>\n<h2 id=\"references-42\">References<\/h2>\n<ul>\n<li>Proposal IPFS metadata: <code>ipfs:\/\/QmbQPrRhUUtvqNitu9mgC8esM3kXmR5iHGhEkLX1UZaLDy<\/code><\/li>\n<li>HLabs proposal repo: https:\/\/github.com\/HarmonicLabs\/2026-treasury-proposal<\/li>\n<li>Gerolamo repo: https:\/\/github.com\/HarmonicLabs\/gerolamo<\/li>\n<li>Pebble repo: https:\/\/github.com\/HarmonicLabs\/pebble<\/li>\n<li>2025 Retrospective (EC-0014-25): https:\/\/gateway.pinata.cloud\/ipfs\/QmZVw82XNXNsgGmBj39R26Mx7jgzWaNjSw4A7JM9Erye9c<\/li>\n<li>EC-0014-25 Treasury Contract: https:\/\/treasury.sundae.fi\/instances\/9e65e4ed7d6fd86fc4827d2b45da6d2c601fb920e8bfd794b8ecc619\/project\/EC-0014-25<\/li>\n<li>SundaeLabs treasury-contracts: https:\/\/github.com\/SundaeSwap-finance\/treasury-contracts<\/li>\n<li>Cardano 2030 Strategic Framework: https:\/\/product.cardano.intersectmbo.org\/vision\/strategy-2030\/<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"\u306f\u3058\u3081\u306b 2026\u5e745\u67085\u65e5\u306b\u30a8\u30dd\u30c3\u30af629\u3067\u63d0\u51fa\u3055\u308c\u305f\u30ac\u30d0\u30ca\u30f3\u30b9\u30a2\u30af\u30b7\u30e7\u30f3\u300cThe first node in the browser; a Cardano USP\u300d\u306b\u3064\u3044\u3066\u3001SIPO DRep\u3068\u3057\u3066\u306e\u5206\u6790\u3068\u5224\u65ad\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002 \u672c\u63d0\u6848\u306f\u3001Harmonic Laboratories\uff08\u4ee5\u4e0bHLabs\uff09\u304c\u63d0\u51fa\u3057\u305fTreasury Withdrawal\uff08\u30c8\u30ec\u30b8\u30e3\u30ea\u30fc\u51fa\u91d1\uff09\u63d0\u6848\u3067\u3042\u308a\u3001\u7533\u8acb\u984d\u306f\u20b34,600,000\uff08\u7d04$1.15M\u3001$0.25 ADA\/USD\u63db\u7b97\uff09\u3067\u3059\u300212\u30f6\u6708\u306e\u671f\u9593\u3067\u3001Gerolamo\u3068\u3044\u3046\u30d6\u30e9\u30a6\u30b6\u62e1\u5f35\u6a5f\u80fd\u3068\u3057\u3066\u30d1\u30c3\u30b1\u30fc\u30b8\u3055\u308c\u308b\u5b8c\u5168\u691c\u8a3cCardano\u8efd\u91cf\u30ce\u30fc\u30c9\u306e\u958b\u767a\u306b\u5bfe\u3059\u308b\u8cc7\u91d1\u63d0\u4f9b\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002 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