Ada Whale, one of the top Cardano influencers on Twitter, claims that Cardano could become the biggest crypto project ever.
Popular Cardano community member ADA Whale has explained on his Twitter account why Cardano could become One of the biggest projects ever seen in the crypto world, if the decentralized governance solution to be implemented during the Voltaire era works properly.
In his tweet, ADA Whale shares an extensive argument in which he points out that if the decentralized governance, which will be implemented during the next era of network development, works properly, Cardano could become the most secure and decentralized blockchain of all. However, many users may not “appreciate” this feature for its true value.
What is Cardano's Voltaire Era?
El Cardano development roadmap It is divided into different “eras”, each of which is named after an illustrious figure such as Byron, Shelley or Goguen.
According to Cardano's roadmap, Voltaire will be one of the last eras and will introduce a voting system and treasury which will allow the community to stake their ADA in order to vote and decide on the future of the blockchain.
Voltaire seeks improve the distributed infrastructure implemented during the Shelley era, allowing Cardano users to submit improvement proposals that can be voted on by the community, improving the current staking and voting delegation systems.
At the same time, Voltaire will create a treasury system that will be used to finance the future development of the networkThe new treasury will store a fraction of transaction fees to create a fund for the development of proposals that pass the community vote.
What does all this mean for Cardano? Quite simply, once the Voltaire era implements a voting and treasury system, the blockchain will already you will not need the supervision of Input Output Global, since development will pass into the hands of the community.
What is the current era of Cardano?
Currently, Cardano is in the It was Basho, which focuses on Improve blockchain scalability. One of the pillars of this era is the implementation of the hard fork Vasil, which will include some of the biggest improvements in ADA history.
Basho also intends to implement improvements in blockchain interoperability. Overall, this is an era that aims to improve the entire infrastructure and performance of the blockchain, while offering new opportunities to developers by updating the configuration and management of smart contracts.
On the other hand, the Basho era also aims implement sidechains or sidechains as a form of interoperability and improved scalability. These sidechains will function as a system of sharding which will ease the processing load on the main network, greatly improving scalability and transaction management.
Cardano continues to set new milestones
While developers work on the final implementation of VasilCardano continues to set new milestones.
In this regard, according to CryptoGlobe numbers, the total number of Cardano wallet addresses has exceeded 3,5 million, while the number of smart contracts on the network already exceeds the 3.000 mark, indicating mass adoption by developers.
[hubspot type=cta portal=20298209 id=38fb28e1-1dc1-40e3-9098-5704ca7fcb07]
