A Scientific And Research-Driven Approach

Cardano (ADA) is a blockchain platform and cryptocurrency founded by Charles Hoskinson, one of the co-founders of Ethereum, and his team.

The development of Cardano began in 2015 and was officially launched in September 2017. Cardano is intended to be a secure and scalable platform for the development of smart contracts and decentralized applications (DApps).

History of Cardano coin

The development of Cardano began with a scientific and research-driven approach. The team behind Cardano worked with various universities and experts to create a blockchain platform based on peer-reviewed academic research and formal verification methods.

According to the Cardano roadmap, development should take place in several phases, each focusing on specific aspects of the platform’s capabilities.

These phases include Byron (foundation), Shelley (decentralization), Goguen (smart contracts and DApps), Basho (scaling), and Voltaire (governance).

Cardano evolution

Cardano has continuously evolved throughout its development phases and has gained a lot of attention and acceptance in the blockchain community.

The Shelley phase, released in July 2020, marked a significant milestone in the decentralization of the network as it allowed stakeholders to actively participate in block production through staking.

The Goguen phase introduced support for smart contracts and DApps, allowing developers to create and deploy a wide range of decentralized applications on the platform.

The Voltaire phase aims to introduce a treasury system and decentralized governance that allows ADA holders to propose and vote on protocol upgrades and fund development initiatives.

Multi-layered architecture

Cardano’s blockchain is based on a multi-tier architecture that separates the settlement layer (for processing ADA transactions) from the computation layer (for smart contracts). This separation was designed to increase flexibility and facilitate upgrades without compromising security.

Cardano uses a Proof-of-Stake (PoS) consensus mechanism called Ouroboros, which allows users to participate in the creation and validation of blocks by staking ADA. PoS is considered more energy efficient compared to Proof-of-Work (PoW), which is used by platforms such as Bitcoin.

Philosophy and objectives

Cardano aims to promote interoperability with other blockchains and legacy financial systems to enable seamless integration and interaction between different platforms.

In addition, it places great emphasis on academic research and formal verification to ensure the security, scalability and correctness of its protocols.