When it comes to cryptocurrencies, new digital assets are continuously being added into the crypto space. Fierce competition drives the market and drops those that are not ready to compete. Cardano (ADA) is one of the cryptos that have held onto the things for an accountable time now.
Cardano, which is among the top cryptos, is a groundbreaking proof-of-stake network developed into a dApp development platform having multi-asset ledger as well as verifiable smart contracts. And now, the company behind it, IOHK, has announced a new road-map for it, so the chances are that things will get even better for the cryptocurrency.
The Redesigned Roadmap
Merely two months after the Cardano team completed the Shelley era as forecast, now IOHK has announced a new and updated roadmap for Cardano. The roadmap is basically a summary of development organized into five eras, namely Byron, Shelley, Goguen, Basho, and Voltaire.
Each of the eras is centered around some set of functionalities delivered across several releases. Besides, the eras are performed sequentially with each era’s work happening in parallel, with research as well as prototyping.
The new roadmap was previously announced by CEO Charles Hoskinson and is meant to offer a vivid vision of the network’s future as well as recap all the work done thus far on the project.
IOHK (Input Output Hong Kong) the parent company of Cardano and Ethereum as well as a brainchild of Ethereum co-founder has released an updated roadmap. Specifically, the new roadmap shows the progress towards its 2020 vision.
What Does New Cardano Roadmap Include?
The roadmap defines the eras with crucial themes as well as detailed functional components, how they fit together, and what each era will deliver. The primary purpose is giving the community much visibility on what is being worked on as well as what is being offered.
For instance, the roadmap indicates that Shelley development should be completed mid this year, which actually looks excellent, given that it’s up and running on the main net.
Moreover, it’s designed to bring everything together and be updated regularly. Besides, it should act as a hub for a plethora of development in the future.
Bryon was done and dusted early this year and now comes Shelley. New content about Goguen, Basho, and Voltaire will be added later. Goguen is tipped to be the one to bring mass adoption, and it’s said the era has already begun and done parallel to Shelley.
Furthermore, a mobile-optimized website plus a Japanese, Chinese, and Korean language versions will as well be rolled out in the coming weeks.
As we write this, Cardano (ADA)’s price stands at $0.084 after going down by 2.56% in the last 24-hours. The market cap of Cardano is about $2 billion; hence, the altcoin is surely making steady strides to becoming the best and seal a position on the top ten cryptos list. With the new announcements, sooner or later Cardano may become the real deal.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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