Cardano silver coin

IOHK Releases New And Updated Cardano Roadmap

ยท in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

IOHK announced that it has new updates for the Cardano roadmap. The company is behind the development of Cardano (ADA) and also Ethereum Classic (ETC). The new roadmap is going to be offering a clear vision for the future of Cardano’s network. At the same time, they also want to do a recap of all the work that they have already been doing.

A New Redesigned Roadmap For Cardano

In a recent Tweet, IOHK announced that they are pleased to share their completely redesigned roadmap in which they show their progress towards the Cardano 2020 vision.

The tweet linked to a blog post on the Cardano forum in which they explained what Cardano is and how it works. The roadmap shows some clear themes and detailed functional components for different eras, including Byron, Shelley, Goguen, Basho and Voltaire. These are all integral parts of the Cardano project.

This information allows enthusiasts and investors to have a better idea about the progress that the company is currently making. However, there were other users that seemed to be disappointed about the lack of information that the company gave.

The Cardano roadmap explains about the network:

“Cardano is a groundbreaking proof-of-stake blockchain network, being developed into a decentralized application (dApp) development platform with a multi-asset ledger and verifiable smart contracts.”

They also explain that they want to achieve the scalability, interoperability and sustainability that is needed to power real-world applications. Moreover, Cardano aims at becoming the blockchain network for large-scale, mission-critical decentralized applications that are going to be powering the future economy.

Although Shelley, one of the most important updates to Cardano, has been discussed by the community, Goguen is expected to help bring mass adoption to Cardano. According to IOHK, the work for this era has already started and it will be developed side by side with Shelley.

Goguen is expected to bring seamless contract integration to Cardano and also improve Plutus. Finally, the domain-specific language Marlowe is also being developed and it is currently on its final stages.

As reported by CoinMarketCap, Cardano is currently, the 12th largest digital currency in the market. It has a market valuation of $2.21 billion and a price per coin of $0.085407. In the last 24 hours, the digital currency surged 3.51% being the third-best performer among the top 15 cryptos. 

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