In that event, Cardano should attract institutional investors, providing a considerable tailwind for the ADA token price. If the Basho upgrade delivers, Cardano’s improved scalability could give it an edge over newer projects, which may slow down as they undergo hard forks and upgrades. The key to Cardano’s success relies on its road map. Recently, rival blockchains like Solana and Avalanche have emerged as serious contenders. However, the nascent sector is young and fiercely contested. Basho, which aims to increase scalability is next, followed by Voltaire, which will focus on governance and self-sustainability.Ĭardano is well-placed to capitalize from the growth of Decentralized Finance. The current phase Goguen, enabled smart-contract functionality, allowing Cardano to compete for lucrative decentralized finance (DeFi) projects. Next came ‘ Shelley‘, which, according to the roadmap, would make Cardano “50-100 times more decentralized than other large blockchain networks”. The scheduled upgrades, named after famed mathematicians, will mark essential milestones in Cardano’s development.īyron improved network security and launched the official wallet for the ADA token. The Alonzo upgrade in September 2021 started phase three of Cardano’s five-step road map. IOHK is the primary development team behind Cardano, and has a team of over 100 researchers, developers, and engineers working on the project. The company is focused on building decentralized systems, including blockchains, smart contracts, and other distributed ledger technologies, to solve real-world problems. IOHK is a research and development company that was founded in 2015 by Charles Hoskinson and Jeremy Wood. After leaving Ethereum, he founded IOHK, a blockchain research and development company that focuses on building scalable, secure, and decentralized systems. In 2013, he co-founded Ethereum with Vitalik Buterin and served as the Chief Executive Officer (CEO) of the Ethereum Foundation until 2014. The Cardano project was founded by Charles Hoskinson, a co-founder of Ethereum, and is developed by the IOHK (Input Output Hong Kong) research and development company.Ĭharles Hoskinson is a mathematician, entrepreneur, and cryptocurrency expert who has been involved in the development of blockchain technology and cryptocurrency since 2011. Cardano TVL – Source DeFi Llama Cardano’s Founder
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