To understand everything that we are about to talk in this article, it is necessary to know a little bit about Cardano and the Cardano foundation. While they may sometimes be used as synonyms, the former is a project, and the latter is the “team” behind it.


Cardano is both a blockchain and a cryptocurrency project that is fully open source. It is developing a smart contract platform that is looking to deliver more advanced features than any other protocol previously developed. The goal of Cardano is to make of Bitcoin, Litecoin, and Ethereum just one coin.


CHARLES HOSKINSON, IOHK AND CARDANO FOUNDATION

From the beginning, Cardano was created by one of the co-founders of Ethereum—named Hoskinson. He then decided to partner with the Cardano foundation, which function is to protect and promote the Cardano Protocol technology. Then, along with Jeremy Wood, Hoskinson started IOHK; this is a company that has one mission which is to utilize today’s peer-to-peer innovations with the goal of providing financial services for everyone. According to the IOHK statements they exist to maintain and design Cardano until 2020. Along with Emurgo and Ethereum, IOHK is looking to be the greatest support to make of Cardano one of the main choices for everyone.


PAST PROGRESS ACCORDING TO THE ROADMAP

Their first achievement was made in September 28th, 2017, when they launched the SL main net or Cardano. April 2018 saw the most updates. Included in them, we have enhancements to the performance rates for exchanges, a more efficient way to submit bug reports, the creation of paper wallets, and enhancements to the overall platform speed. The last major update was the launch of a test version the IELE (their virtual machine) on Ethereum’s Mantis. The idea behind it is to give both developers and the community a chance to test their smart contract platform. The foundation for a functional and efficient platform has been laid with the milestones already achieved.


UPCOMING MILESTONES ACCORDING TO THE ROADMAP

Something notable about the Cardano roadmap is that it allows people to see the completion rate (shown in a percentage bar) for each task. Right now, the most notable goal they’re about to achieve is the opening of the delegation research paper. It is significant because, using Proof of Stake, token holders will now be able to delegate the staking to others. That would extend a new market opportunity for people to act as pools, having the staking task delegated to them and profiting from it.

Next, there are upgrades to crypto wallets:

  1. Multisignatures and backend
  2. Incentives and fees
  3. Simpler addresses so that people can better understand and communicate them
  4. Multiple Accounts Support
  5. A Ledger wallet
  6. Security and usability upgrade for paper wallets
  7. A crypto debit card

Besides wallet upgrades, the roadmap shows important improvements for the blockchain itself:

  1. Light client for faster functioning
  2. Dynamic networking for a better decentralization rate without hindering performance
  3. Sidechains to the main blockchain which would enable updates without the need for a fork

The rest of the roadmap includes future investments such as a R&D centre in Vietnam, coworking spaces, and partnerships.