In order to let everyone know more about what ADA is? I have sorted out the information about its development direction, operation mode and its connection with Bitcoin and divided it into three parts to share with you. Friends who are interested can pay attention to avoid missing relevant information❗️Let us get rich slowly together Bar 🧧
1. The development trend of ADA
Cardano is a third-generation blockchain platform created by Charles Hoskinson. Its main goal is to solve the shortcomings of Bitcoin and Ethereum in terms of scalability, interoperability, and sustainability. Since its launch in 2015, Cardano has gone through multiple development phases, each with specific goals and upgrades, including:
1. **Byron Phase (Basic Phase)**: Establish the Cardano network and launch the ADA token.
2. **Shelley stage (decentralization stage)**: Achieve decentralization and allow users to participate in staking and governance.
3. **Goguen stage (smart contract stage)**: Introducing smart contract functions to enable developers to build decentralized applications (dApps) on Cardano.
4. **Basho phase (expansion phase)**: Improve network performance and scalability.
5. **Voltaire stage (governance stage)**: Achieve complete decentralized governance.
Currently, Cardano is in the Basho phase, which focuses on improving the scalability and interoperability of the network, and is gradually transitioning to the Voltaire phase to achieve complete self-governance.
