So, that was very aspirational, a high level goal, so what we did was we put together one of the largest teams of scientists and engineers in the space, worked with many different universities, from people at Cambridge to Oxford to people at the University of Edinburgh, Tokyo Institute of Technology, University of Athens, we wrote more than forty papers, academic papers, twenty of which had gone through peer review at major venues like CCS and Crypto, and then we took those papers and extracted from them formal specifications, which then allowed us to actually implement the protocol with high assurance that it’s built correctly, so it’s a very unique project, it was kind of a high-risk high-return project, very aspirational, and for three and a half years we did lots of science, and last year and this year, we’ve been now rolling out a lot of those innovations, and all throughout 2019 we will be achieving great decentralization and smart contracts and 2020 we will achieve the scale that we think can get us to millions to billions of users.Īlright, well that is no small feat. What’s required for us to be interoperable with both legacy financial systems like credit cards and debit cards and banks and regulation, but as well as the new cryptocurrency space where we have thousands of blockchains and how do we become sustainable, meaning that we actually have a model to pay for things, not just at the ICO or you’re one or you’re two, but you’re five, you’re ten, you’re fifteen.Īnd we also have a governance model where we can actually decide where to take these protocols, because with their decentralized infrastructure, you don’t have a foundation or a committee, or some leader to say ‘well let’s update it this way or adopt this thing.’ If it’s truly decentralized, you need to have a completely different way of having people coordinate or work together. So, back in 2015, we said where would we like the space to go over the next five years and what’s required for us to reach scale, so let’s get to millions, to billions of users. So, when I look at Cardano, I look at it kind of like a DARPA project.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |