Input Output (IO), the blockchain company behind Cardano (ADA) led by Charles Hoskinson, has unveiled a new technical roadmap. This focuses on the development goals for 2025, with special attention to scalability, interoperability and improvements in governance. The ultimate goal? Make the platform suitable for a billion users within five years.
Technical improvements approaching
The day before yesterday an important hard fork already took place, but this seems to be just the beginning. In 2025, Cardano focuses strongly on scalability and improved governance to become a blockchain that can serve billions of people worldwide.
One of the most important pillars of the roadmap is to lower entry thresholds and optimize the network for global accessibility. The plans contain various technical upgrades, including the integration of Layer-2 solutions, rollups and improvements to the Nodes core.
A striking proposal is the implementation of Hydra, a Layer-2 solution that makes fast and cheap transactions possible. In addition, Io is working on zero-knowledge rollups, with which several transactions are bundled in one batch to reduce network congestion.
Furthermore, innovations such as Leios and Peras are planned. These advanced consensus protocols ensure parallel processing of Blocks, which can considerably increase the transaction speed. Mithril is also an important addition: a certification system with which users can verify transactions without running a full node. This improves efficiency and lowers the technical thresholds for users.
Reinforced governance and interoperability
In addition to the technical upgrades, IO focuses on a more community-driven governance model. This is in line with the Voltaire phase of Cardano, which builds on earlier phases such as Byron (Fundament), Shelley (decentralization), Goguen (Smart Contracts) and Basho (Scaling-up). Yesterday’s hard fork plays a key role in this.
Another important point of attention is interoperability, especially in the field of the security of cross-chain bridges. These bridges, which enable the transfer of tokens between different block chains, are often vulnerable to exploits. IO wants to tackle this problem with the Inter-Blockchain Communication (IBC) protocol. This protocol must improve both safety and the functionality of cross-chain transactions.
A step towards the recovery of market dominance
Cardano once belonged to the top three of the largest block chains based on market capitalization, but in recent years had difficulty keeping up with the pace of competitors such as Solana (SOL). A frequently heard criticism is the lack of user activity. With this roadmap and the focus on scalability, governance and interoperability, Cardano hopes to break that trend and grow again.
In the coming months, it will show whether the ambitious plans will actually lead to a broader adoption of the platform. For now, Cardano is in any case taking major steps towards the future.
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Source: https://newsbit.nl/nieuwe-roadmap-onthuld-cardano-wil-miljarden-gebruikers-bereiken-met-grote-upgrades/
