My latest review of Cardano (ADA), IOHK, and their recent developments
About a week ago, I posted a video review of the Cardano project. I covered a number of topics, such as their treasury system, Proof-of-Stake, stability through 2020 and more. To build upon the video, I'm going to expand on these topics here and why they are important:
With the bear market raging on, it becomes natural for people to start asking when funding for development will dry up. Unlike most blockchain startups and projects, Cardano is fully funded until 2020. This gives the development team nearly 2 years to continue implementing the full spectrum of the Cardano blockchain, which includes PoS and a Treasury.
Through PoS, a small portion of ADA brought into circulation will be placed in the Treasury, allowing long-term sustainability of the Cardano blockchain. This should be fully implemented by 2020, well within the funded period of time. Unlike Ethereum Classic and Steemit, which have been forced to drastically scale back on development, Cardano will be able to push forward and begin claiming a much larger market cap once the bear market bottoms out.
2. IOHK headquarters moves to Wyoming
Recently, Charles Hoskinson announced that IOHK will be moving to Wyoming, USA. While details have been vague, it would be fair to assume that this is due to Wyoming's very favorable tax laws surrounding Blockchain companies and their development. This is also a good sign for the USA, proving that serious projects like Cardano are willing to bet on the regulatory future of crypto in America, rather than in Asia where it is highly popular amongst the younger generation.
The Cardano project has also announced the launch of their Testnet, which will allow developers to begin testing applications on the blockchain. In a normal (non-bear) crypto market, this would be seen as very good news for any project. It's the first step towards competing with Ethereum, NEO, and EOS for market cap and proving that they should be the preferred blockchain for enterprise.
Link: Plutus and Marlowe
Overall, great things are happening around Cardano and 2019 should be a historic year for 3rd generation blockchains!