Cardano (ADA) Is Heading to Cascade Disruption Will they Make Existing Models Obsolete

By Steven Anderson March 28, 2020 Off
Cardano aDa

A Cardano enthusiast tweeted:  “#Cardano = Cascading Disruption! Welcome to the future!”

Cardano is progressing in sync through Byron – Foundation, Shelley – Decentralization, Goguen – Smart Contracts, Basho – Scaling, and Voltaire – Governance.  The major focus is to facilitate mission-critical Dapps, which will underpin the economy of the future.

The enthusiast also quoted, “You never change things by fighting the existing reality.  To change something, build a new model that makes the existing model obsolete.”

The weekly development update for Cardano is out.  Daedalus, Wallet Backend, Networking, Devops, Cardano Decentralization, and Goguen were updated.

The Daedalus 2.3.1-ITN1 was successfully released last week.  ITN is now feature complete.  Another node version was released to further improve the network.  Minor fixes were implemented regarding stake distribution and reward history.  CPU optimized assets were added to build on the future releases.  Changes that would not impact the users were also made.  Thus the network performance now continues to remain very high with 99% uptime.

Sydney Ifergan, the crypto expert, tweeted:  “The Cardano ADA roadmap states, while we are building Cardano, we are merely custodians. When the network is fully decentralized, it will belong to the community, who will decide its future through advanced governance features. Ideal!”

Charles Hoskinson, Cardano Co-Founder, stated that Wikipedia was censoring him. He recently tweeted:  “Wikipedia commercial censorship. The single most cited proof of stake paper can’t be mentioned in the PoS article!? – @IOHK_Charles.” He also tweeted:  “This is how their system works. Push your page to draft status and then fast track for deletion and lock it to “prevent vandalism,” thus preventing anyone from adding more content, citations, or things that would otherwise prevent the deletion. Yep, commercial censorship.”

Cardano (ADA) Fundamental Research

Cardano does not really depend on the technical foundations picked from Bitcoin and other cryptocurrency systems.  Rather IOHK work with the leading academics in the world on fundamental research.  Most of them are subject to academic peer review.

A technical prototyping team experiments the implementations identifying what is theoretically possible and what is actually possible—thus working on technical specifications building the actual product.

The technical specifications are published based on research and prototyping results setting the expected functionality and behavior.  Thus, the final code is verified to be true to the original vision of research.

IOHK uses a formal development method consisting of rigorous mathematical techniques to test the software to ensure it works as intended.

Functional programming languages which are easy to test and verify from the mathematical standpoint strengthens the commitment to high assurance using formal development.

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