[Roadmap Review] Cardano $ADA
Cardano Roadmap Update
Cardano $ADA has recently redesigned their word heavy roadmap. This version is more sleek and streamlined while still keeping the beautiful aesthetics of the original roadmap.
There are many roadmaps that will give you a quick rundown of the team plans. Some times no more than a few sentences and one page. Cardano road map is another story. Their plans are extensive and they are all outlined in different sections and phases.
Cardano roadmap is made up of 5 main sections.
1. CARDANO SL (Settlement Layer/ Money)
The first part of Cardano to be built was the Cardano Settlement Layer, which was launched in September 2017 and is a ledger to transfer value. The means of sending or receiving value is by way of the token Ada, named after the first female programmer, Ada Lovelace. Core to the settlement layer’s operation is Ouroboros. This provably secure, proof-of-stake protocol underpins its blockchain and was developed by a team led by IOHK Chief Scientist Aggelos Kiayias.
• Up next is OPEN OUROBOROS DELEGATION RESEARCH PAPER
It is 95% complete and in review stage
Key to decentralisation is the ability of stakeholders to delegate stake. In a proof of stake system such as Cardano, stakeholders have an obligation to take part in the protocol.
2. CARDANO CL (Computation Layer / Smart Contracts)
The design rationale of Cardano is to separate its settlement layer from the operation of complex computation, which gives the system robustness and extra security. The Cardano Computation Layer will provide users with the means to execute smart contracts through a virtual machine, which has clear operational semantics and strong guarantees of correct implementation from the specification. Communication between the two layers will be enabled through sidechains.
• Up next is IELE VIRTUAL MACHINE V1
It is 90% complete and in review stage
The virtual machine will provide a uniform gas model, across all languages. The general design philosophy of gas calculation in IELE is “there are no limitations, and you pay for what you consume”.
IELE will make it easier to write secure smart contracts.
3. DAEDALUS (Wallet)
Daedalus is a highly secure wallet that can be used to safely store online the Ada cryptocurrency. Offering features such as paper wallets for the secure storage of funds offline in cold storage, the wallet is continuously being developed to add more functions for cryptocurrency holders. Daedalus will add more cryptocurrencies and be developed over time along with Cardano to become a universal wallet, a blockchain application platform and an app store.
• WALLET BACKEND
The wallet backend is the software component that provides the HD wallet capabilities for Daedalus and provides the link between Daedalus and the Cardano network.
4. CARDANO FOUNDATION (Marketing / Education /Support )
The Cardano Foundation is an independent standards body that serves to protect and promote Cardano, which is headquartered in Switzerland and has an office in London. The organisation furthers growth of the project by taking a lead in educating and supporting Cardano’s worldwide community of users, and acts as an objective authority to any party interested in working with the technology. The foundation aims to influence and progress the commercial and legislative environment for blockchain technology and cryptocurrencies by working with enterprises, government and regulators.
• LEDGER WALLET Support
In order for Cardano users to hold their Ada securely offline, we are building support for the Ledger Nano S cryptocurrency hardware wallet.
5. EMURGO (Commercial Ventures)
Emurgo develops and supports commercial ventures that want to use Cardano technology, for instance, building applications on its blockchain. Investment focused, Emurgo directly funds startups and builds relationships with commercial partners seeking to use blockchain technology, and seeks to make deals that support the adoption of Cardano in key strategic markets. The company is based in Japan and has an extensive network across Asia, with research and development centres based in the Philippines, South Korea, and Vietnam.
All of these sections are developed simultaneously in phases.
"We are currently in Byron, the bootstrap phase, where we are making improvements. These include to the code, for example in the wallet backend, and debugging. We will improve the design of Daedalus and make integration through APIs to third parties simpler. We will then move from Byron to Shelley, where the network becomes decentralised."
Each section is divided into three parts.
• On the left we have completed milestones.
• In the middle is the information regarding current projects.
• On the right are comments from team members.
Three principles that guide the development of the Cardano roadmap are:
1. The growth of the community and its needs.
2 . Distributed and resilient network true to the original vision of Satoshi.
3. Balancing the pace of research and development so commercial advantage does not win out over the application of scientific rigor. These guys are all in on the tech!
The Cardano roadmap will be regularly updated, with a countdown clock indicating the next release.