The Byron phase of the settlement layer (Cardano SL) was launched by IOHK, Cardano Foundation, and Emurgo. It enabled the launch of ada cryptocurrency and allowed users to transfer and trade ada.
Live Oct 2017
Shelley Rollout Map
1.5 Last Byron / First Shelley Update (backend only) Introduction of Ouroboros BFT
1.6 Decouples Deadalus Wallet from Oroboros backend, Deadalus able to connect to RUST Cardano and new Haskell code. Icarus style addresses
1.7 Rust AND new Haskell work with new system
Cardano CHAIN, Cardano NETWORK replaces Cardano SL and Carano CL and introduced into Daedalus wallet backend
100% migration off of legacy code
Address changes: Introduction of a SPENDING KEY, STAKING KEY, ENTERPRISE Addresses
Metadata associated with address. Stake pool data, fee schedule, url, embedded intent of transaction, etc..
Allows COLD staking!
Enterprise addresses remove ADA from system (Exchange addressses unable to stake or impact network)
Onboard Staking pool members Feb/19
Command Line client to begin build up of staking pools
Getting docker image set up, self host setup etc
Then need time to propagate network / marketing etc
Mass update to Daedalus
GUI UX and UI coming in Blog post "soon"
Registration for Staking
1.8 Staking goes LIVE in slow rollout weaned off of Ouroboros BFT slot production (BFT get's no rewards, all rewards go to slot producers in stake pools)
Nobody has ever done this in crypto-currency space
This is not a fork, this is all origional science
Cons: nothing to reference, untested waters, lessons still to be learned, surprises almost likely to come up
This will allow time for first movers to get going and less experienced to come in as they can get up to speed
The Shelley phase will transition Cardano SL to a completely decentralized system which will allow all users to participate in the protocol, and get rewards for producing blocks by staking individually or within stake pools.
Projected Live Q1 2019
The Goguen phase will bring the second collection of protocols with the computation layer (Cardno CL) deployed as side-chains, with support for smart contracts. (Cardano NETWORK)
The Basho phase will be focused on performance, security, and scalability improvements. It will enable Cardano to scale to millions and billions of users.
The Voltaire phase will add a treasury system and governance, enabling sustainability and self-sufficiency for Cardano.
Layers of Cardano Blockchain Architecture
Cardano CHAIN (CC)
Comparison of Block Expectation Time for Various Consensus Algorithms. (Bitcoin vs GHOST vs Ouroboros)
How it works (Epochs)
Live OCT 2017
Ouroboros Praos (Jun 12/17)
Ouroboros BFT (OCT 30/18)
Byzantine Fault Tellerant
End of Byron Phase
Ouroboros Genesis (May 3/18)
Ouroboros Crypsinous (Nov 20/18)
Cardano NETWORK (CN)
IOHK working on Extended UTxO Mar/19?
Domain Specific Languages (DSL)
The backbone of building smart contracts with the highest possible degree of security, auditability and correctness.
Update 1.6 will decouple wallet from Ouroboros backend
Icarus (Code Base)
Yoroi - Light Wallet
The Cardano Effect Podcast
TCE Clips (Youtube)
Cardano is the most authoritative, researched and vetted cryptocurrency project on the planet. See the linked resource for the list of papers produced by the research initiatives of IOHK.
40+ Research Papers
20+ of which have gone through peer review
Will submit contract proposals to the Cardano ecosystem for future development, feature proposals, maintenance etc
Need to scale to Bilions of users and able to process many tx/sec. including off-chain.
Side Chains - Cardano NETWORK (CN)
Roadmap (4.N Basho Phase)
There will not be just one coin to rule them all. Transactions crypto to crypto are empowered on the ADA blockchain
Contain any POW or POS coin in a Side Chain. BTC, ETH, TRX, even ADA
Hard Fork Resistence
Decentralized projects need systems in place to ensure trust-less longevity. Without a centralized point of development (or failure) a solid foundation for sustainability is paramount.
DAO / Treasury / Governance
Incentives / Staking
~1000+ Nodes, Stake pools, offline staking
Onboarding stake pool members Feb/19
Contract bidding with community voting
Bitcoin is the first generation crypto currency, establishing bedrock for trust-less, immutable, POW ledgers.
Ethereum was 2nd generation and lead the way to putting a programming language on the blockchain giving us the concept of smart-contracts and empowered the ICO movement.
Cardano is the 3rd generation and builds on the legacy of Bitcoin and re-evaluates the concepts behind ETH to deliver the worlds most authoritative, researched and vetted smart-contract platform.
Comprehesive Layman's Scope
"Choosing Haskell for protocol development was the most difficult choice."
"The protocols that compose Cardano are distributed, bundled with cryptography and require a high degree of fault tolerance."
"One of the primary reasons for choosing Haskell is that it provides the right balance of practicality and theory. Specification derived from white papers looks a lot like Haskell code, and connecting the two is considerably easier than doing so with an imperative language."
More in-depth about "Why Haskell?"
This Cardano Mind Map is a community generated resource to visually map a top level view of the Cardano ecosystem.
1. Visually map out the main components of the Cardano ecosystem
2. Drill down to reasonable depth of sub categories with basic descriptions
3. Provide external links to at least one relevant resource which provides more detail
4.1 This map does not provide any active functions related to the Cardano project or the community
4.2 This map is community led and therefore not to be considered official, comprehesive or without errors