EMURGO, the founding entity of the Cardano blockchain, recently looked back on its achievements in 2023. roadmap For the ecosystem in 2024
Cardano aims to improve its position in terms of decentralized applications (DApps) and real-world Web3 solutions in 2024, with a focus on sustainable community governance, technological advancement, interoperability, and ecosystem expansion.
Cardano Roadmap Revealed
As EMURGO highlights in its roadmap, in 2023 Cardano has taken steps to build a sustainable environment. community governance Through initiatives such as CIP1694 and the launch of Intersect, a membership-based organization.
According to the founding entities, these developments lay the foundation for a minimum viable community-run government on blockchain.
The upcoming Chang hard fork, which will be implemented by community consensus with a vision of 2024, will begin the “bootstrapping phase” of Cardano. governance model.
In particular, Representative Delegates (DReps) play an important role as elected voting representatives of the community, participating in the decision-making process regarding the network.
Additionally, in 2024, Cardano plans to evolve further to achieve full community governance, known as Voltaire. This includes organizing Cardano Constitution workshops, conventions, and voting events throughout the year.
These activities aim to “empower” communities by providing them with opportunities to actively participate and make decisions in shaping their future. ecosystem. EMURGO expects that the advancement of Intersect will greatly contribute to realizing full community governance.
Cardano’s non-smart contract tokenization
emurgo It points out that Cardano’s blockchain has become a “thriving ecosystem” for decentralized applications in areas such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
The company highlights Cardano’s approach of being able to issue tokens without smart contracts, making it easier for brands and creators to embrace Web3 and tokenize real-world assets.
In terms of numbers, the ecosystem is A growing number of projects Using Cardano More than 150 projects have already started and more than 1,300 are in development.
In particular, EMURGO emphasizes programming languages such as Plutus, Marlowe, and Aiken along with open source tools that provide developers with resources to build innovative solutions on top of blockchain.
The founding entity also emphasizes that Cardano recognizes the importance of interoperability and has developed a sidechain toolkit to enable developers to build sidechain solutions and connect seamlessly with the ecosystem.
The ADA has seen impressive long-term surges.
Cardano’s native cryptocurrency, ADA, currently trading at around $0.6346. Over the past 24 hours, ADA has experienced a slight decline of 2.14%. However, the cryptocurrency has shown resilience with a positive growth rate of 3.52% over the past seven days.
Looking at the long-term trend, ADA has surged 61.67% in the past 30 days and 120.47% in the past 180 days.
According to token terminal data, the market capitalization of ADA based on ADA circulating supply is $21.8 billion. This is an increase of 56.89% over the past 30 days.
Moreover, taking into account the fully diluted market capitalization taking into account the maximum supply of ADA, that figure increases to $27.99 billion, representing a comparable growth rate of 56.73%.
Featured image from Shutterstock, chart from TradingView.com