The value is always in the details $ADA Cardano’s (ADA) development is considered relatively slow, largely due to a cautious and academically oriented approach taken by its development team.
The Cardano project consists of multiple phases, each named after a historical figure, and requires completion of a series of rigorous academic reviews and technical testing before moving on to the next phase. First, Cardano’s development is divided into five phases: Byron, Shelley, Goguen, Basho, and Voltaire, with each phase focusing on different features and optimizations.
For example, the Shelley phase focuses on decentralization and participant proof-of-stake (PoS) mining, while the Goguen phase focuses on smart contract implementation. This phased approach means that not many new features will be rolled out before each phase is complete.
Second, Cardano’s development team, IOHK, insists on using a highly formal approach to designing and implementing its blockchain platform. This includes using Haskell, a functional programming language, and conducting peer-reviewed research. Although this approach helps ensure the security and reliability of the system, it also makes the development process relatively slow.
Additionally, Cardano chose the UTXO model to implement its smart contracts, which is different from Ethereum’s account model. The UTXO model provides greater transparency and security when processing transactions and smart contracts, but it also increases development complexity. This technology choice may not be very developer friendly, thus affecting the rapid development of the Cardano ecosystem.
I think that as long as the fundamentals of a currency are good enough and it is firmly held under long-term development, the rate of return will be very considerable, especially now that the price of #ADA is in a good position to make a good layout and build a position.
The mad cow is coming after the interest rate cut, be prepared for it 🎉
