Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers
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Basics
Platform | N/A |
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Type | N/A |
Accepting | Others |
Circulating Supply | N/A |
KYC | N/A |
Restricted Areas | N/A |
Homepage | Website URL |
White Paper | View/Download |
About
In the spirit of many open source projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices and avenues for exploration. These include the following:
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Separation of accounting and computation into different layers
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Implementation of core components in highly modular functional code
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Small groups of academics and developers competing with peer reviewed research
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Heavy use of interdisciplinary teams including early use of InfoSec experts
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Fast iteration between white papers, implementation and new research required to correct issues discovered during review
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Building in the ability to upgrade post-deployed systems without destroying the network
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Development of a decentralized funding mechanism for future work
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A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
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Bringing stakeholders closer to the operations and maintenance of their cryptocurrency
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Acknowledging the need to account for multiple assets in the same ledger
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Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems
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Learning from the nearly 1,000 altcoins by embracing features that make sense
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Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design
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Explore the social elements of commerce
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Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin