Cardano

2024

Foundation

Ouroboros

Input Output (IO), the research and development company behind Cardano, has introduced a Strategic Research Agenda to guide Cardano’s evolution toward 2030. 
The <a href="https://twitter.com/InputOutputHK/status/1869377643671392715" rel="nofollow noopener" target="_blank">plan defines</a> nine areas of focus to increase the plan’s scalability, governance, interoperability, and security. Each area tackles a specific concern in the blockchain arena and positions Cardano for new possibilities. 
<h3 id="nine-themes-for-growth-and-innovation">Nine themes for growth and innovation</h3> 
The Strategic Research Agenda <a href="https://www.cryptopolitan.com/charles-hoskinson-says-cardano-is-ready-to-take-over-the-world/" target="_blank" rel="noopener">is built around nine topics,</a> including the world’s operating system, Ouroboros Omega, Tokenomicon, Global Identity, Democracy 4.0, the internet Hydra-ted, Interchains, Core Zero-Knowledge capabilities, and the post-quantum landscape. 
These areas are in line with the strategic plan of addressing the challenges that blockchain presents and the preparation for Cardano’s tomorrow. Among the key goals of the “world’s operating system” is to enhance the performance of smart contracts and the infrastructure necessary for the development of new services. Ouroboros Omega will increase the overall efficiency of the blockchain to accommodate for higher volumes of transactions in the course of the Cardano ecosystem expansion. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 To deliver on the full promise of blockchain, Input | Output Research is advancing a Strategic Research Agenda through 9 thematic focus areas. From scaling the Ouroboros protocol stack, to building a next-level identity and credential layer, and enabling seamless interchain… <a href="https://t.co/RVzFEmOels" rel="nofollow" target="_blank">pic.twitter.com/RVzFEmOels</a>— Input Output (@InputOutputHK) <a href="https://twitter.com/InputOutputHK/status/1869377643671392715?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 18, 2024</a>
</blockquote> 
Tokenomics is another important area that comes to the fore. IO intends to investigate the use of additional transaction options, including Babel fees, as well as enhance the management of user-defined assets. The Tokenomicon initiative aims at exploring this relatively uncharted territory of blockchain technology. 
Global Identity is another key focus area that focuses on integrating digital identity into the Cardano ecosystem. This initiative aims at plugging into governance structures, transactions, and smart contracts and fostering cross-cutting compatibility. Another major focus is Democracy 4.0, which aims to transform blockchain-based voting systems. 
Additionally, the Hydra protocol aids Cardano’s scalability by increasing transaction speed and decreasing transaction costs. It is designed for high-load applications such as games and supply chain management. 
<h3 id="calls-for-governance-reforms-at-the-cardano-foundation">Calls for governance reforms at the Cardano foundation</h3> 
In related news, the founder of Cardano, Charles Hoskinson,<a href="https://www.cryptopolitan.com/cardano-foundation-to-move-abu-dhabi-wyoming/" target="_blank" rel="noopener"> has called</a> on the Cardano Foundation to consider moving to a jurisdiction that supports community-driven board elections. He proposed Abu Dhabi or Wyoming as the possible locations for the shooting. The two locations are popular for offering support for the regulation of blockchain and encouraging innovation. 
The Cardano Foundation is currently based on the Swiss legal framework. This legal framework does not contemplate community-based board votes. However, there are still demands for the organization’s reshuffling of its leadership even with the adoption of open forums to enhance transparency.&nbsp; 
As <a href="https://x.com/IOHK_Charles/status/1869218991509504116" target="_blank" rel="noopener nofollow">stated by</a> Hoskinson, relocation to either Abu Dhabi or Wyoming would enable the community to have more control over governance, leadership choices, financial management, and strategic direction. These jurisdictions offer additional inclusive spaces that might enhance the opportunities for community engagement.&nbsp; 
As of this writing, Cardano is currently trading at $0.9917, registering a 7% decline in the last 24 hours. Additionally, in the last seven days, ADA has declined by 7.76%. Over the past month, it grew by 33.26% and over six months, it increased by 183.90%.&nbsp; 
<figure id="attachment_629992" aria-describedby="caption-attachment-629992" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-629992 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/12/ADA_1D_graph_coinmarketcap.jpeg" alt="" width="1200" height="800" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/12/ADA_1D_graph_coinmarketcap.jpeg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/12/ADA_1D_graph_coinmarketcap-300x200.jpeg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/12/ADA_1D_graph_coinmarketcap-768x512.jpeg 768w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption id="caption-attachment-629992" class="wp-caption-text">
 Source:CoinMarketCap
 </figcaption>
</figure> 
Cryptocurrency analyst Ali Martinez shared that when the price was between $1.15 to $1.33, whales decided to sell their tokens in order to make profits before the price drop. As the price went down to $0.91, these whales took advantage and bought more of it. As per Martinez, the entity had bought 160 million ADA tokens during the dip. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Cardano</a> whales took profits on the way up from $1.15 to $1.33, but after <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ADA</a> dropped to $0.91, they started buying again. In fact, they’ve bought 160 million <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ADA</a> since the dip! <a href="https://t.co/13RlCnMpIO" rel="nofollow" target="_blank">pic.twitter.com/13RlCnMpIO</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1869165428838453311?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 17, 2024</a>
</blockquote> 
<a href="https://www.cryptopolitan.com/crypto-career-launchpad-waitlist/?utm_source=cryptopolitan&amp;utm_medium=banner&amp;utm_campaign=ccl-waitlist-1" target="_blank">A Step-By-Step System</a> To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Cardano charts a strategic path to 2030 with nine key focus areas

Table of Contents

Cryptopolitan_News

Other articles published on Dec 18, 2024

The Current Changes in the Blockchain Network: Why Users Need More Bitcoin

Shiba Inu and Dogecoin Millionaires Flock to Dogen With an Ambitious 18,000% Growth Chart in Upco...

Binance Removes WRX, AKRO, and BLZ: Token Prices Face 40% Crash!

Trump’s inauguration may trigger crypto sell-off, says Arthur Hayes

Pudgy Penguins Price Prediction: PENGU Plunges 54% After Launch As This Vote-To-Earn Meme Coin Pr...

Bitcoin Exchange Binance Announces Delisting 5 Altcoin Trading Pairs from Spot Trading! Here Are ...

Join our free newsletter for daily crypto updates!