Ah, the illustrious Cardano! With the recent unveiling of its Plomin hard fork, we find ourselves at the precipice of a new era, where on-chain governance pirouettes gracefully into the limelight. The pièce de résistance? The introduction of Delegate Representatives (dReps), those gallant knights who shall wield the voting power on behalf of the noble ADA holders. 🗳️
Gone are the days when the trifecta of Cardano’s founding entities — the Cardano Foundation, Input-Output (IO), and Emurgo — held the reins of governance like a trio of overzealous puppeteers. Now, the keys to the kingdom are being handed over to the newly minted governance groups, as if they were the last slice of pizza at a party. 🍕
In a rather theatrical November 2024 whiteboard video titled “After Voltaire, the next evolution of Cardano,” our dear Charles Hoskinson, the maestro of Cardano, waxed poetic about the community’s role in sculpting a roadmap that would make even Michelangelo weep with envy. 🎨
What’s inside Cardano’s roadmap?
Behold! The grand vision of Input Output for Cardano’s roadmap is built upon three sturdy pillars: scalability, usability and utility, and interoperability and extensibility. A veritable architectural marvel! 🏛️
Cardano’s community will shape the blockchain’s future throughout this new era of decentralized governance.
IO’s vision for the next phase focuses on a diversity of aspects, such as scalability, usability & utility, and interoperability & extensibility.
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— Input Output (@InputOutputHK) January 30, 2025
Scalability
Cardano dreams of serving billions of users by 2030, like a benevolent deity lowering the barriers to entry while maintaining the holy trifecta of decentralization, affordability, and security. The ambitious integration of advanced scaling solutions will allow for high transaction volumes, employing a multi-faceted approach that includes layer-2 Hydra state channels, layer-2 rollups (both zero-knowledge [ZK] and optimistic), and a cornucopia of other technological marvels. It’s like a buffet of blockchain goodness! 🍽️
Usability and utility
For blockchain technology to be embraced by the masses, it must shed its cloak of complexity and don the garb of accessibility. Input-output envisions a world where identity, privacy, and regulatory compliance are as easy to navigate as a Sunday crossword puzzle. 🧩
Key initiatives supporting this usability and utility pillar include enhancing developer productivity, enabling identity with Hyperledger Identus, boosting privacy through Midnight, and simplifying transactions via Babel fees. It’s like giving blockchain a makeover worthy of a reality TV show! 💄
Interoperability and extensibility
To unlock Cardano’s full potential, we must extend its capabilities like a rubber band on the verge of snapping. The interoperability and extensibility pillar demands initiatives such as adopting layered node architecture with microservices, and partner chains utilizing multi-resource consensus with Minotaur. Yes, you heard that right — Minotaur! 🐂
Plans for 2025 include evaluating merged mining and enabling Bitcoin users to frolic in the DeFi fields of Cardano, executing private transactions with the stealth of a ninja thanks to Midnight. 🥷
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2025-01-30 18:52