Cardano Creator Hoskinson Speaks About Development Road Map 2025
Charles Hoskinson, the creator of Cardano and CEO of the Cardano development company IOHK unveiled what is to expected in the up and coming 2025 roadmap.
In his first AMA (ask me anything) since returning from the Africa trip, Hoskinson touched on the topic how the 2025 roadmap is coming together. According to the Cardano founder, working groups are evaluating what needs to be done on the remaining Basho and Voltaire phases. Another group is looking into “next-generation technology.”
Hoskinson pointed out that at this stage, these are proposals require open governance to vote on before the 2025 roadmap is finalized.
“Currently, we have a large working group, and that working group is quantifying the remaining things for Basho and Voltaire. And there’s a parallel working group that’s right now working on next-generation technology.”
Basho upgrade is about scaling and improving the network performance to better support growth and adoption as the transaction volumes grow.
Voltaire is about creating a self-sustaining ecosystem so that Cardano can be truly decentralized when IOHK steps back from the project.
Great Things To Look Forward To
The decision when these new roadmap goals will happen in the development timeline will be done across the three planned HFC events. These are set for February, June, and October.
More definitive details will be released as they are known, Hoskinson said. But, regardless, the dates of the HFC events will govern the rollout of roadmap goals.
“There are three major changes for Cardano, those are the three HFC events, February, June, October. Somewhere in that time horizon, we’ll slow rollout concepts of the roadmap.”
Hoskinson didn’t get specific on what these might be, but merely referred to “great things” that “people will be happy with” in respect of completing the Basho scaling and Voltaire governance phases.
The Hydra layer-2 scaling solution has been recently mentioned. Through its “isomorphic state channels” technology, IOHK expects 1,000 transactions per second (TPS) for each Hydra head, with 1,000 heads, combining to give 1,000,000 TPS in total.
From Millions To Billions Of Users
The 2025 roadmap winds down the old roadmap and leads Cardano into a new era.
While the old roadmap was about setting the foundation, decentralization, smart contracts, scaling, and governance, the new 2025 roadmap focuses on the challenges of growing from millions of users to billions.
“The 2025 roadmap is more about what future markets, problems, and concerns do we need to capture as an ecosystem as we grow from the millions to the billions.”
To bring a positive global change through blockchain technology, is the ultimate end goal for the Cardano chain.
ADA Price
Since coming down from its all-time high levels around $3.00 in September, ADA has been trading sideways around $2.00-$2.20 levels. Despite all the announcements of technical upgrades, such as smart contracts, and partnerships the price of ADA has not made much upside move.
