Lovelace Academy

Why Cardano

The world is starting to understand the implications of Blockchain’s disruptive technology and its decentralised socioeconomic movement twelve and a half years after Bitcoin’s first block. Since then, the Blockchain industry has surpassed a $2 Trillion dollar market cap on the back of major advancements in its technological underpinnings, the mainstream adoption of cryptocurrencies as the frictionless payment rails of the internet, its acceptance as an inflation-hedge asset class with huge asymmetric potential, and the tremendous growth in the number of next generation products/services built on top of its infrastructure.

To dig deeper into the technical foundations and benefits of Blockchain, please refer to our video Making Sense of Blockchain (we strongly recommend watching it on a large screen).

Huge Opportunities Ahead

There has not been this level of opportunity since the the mainstream adoption of the internet. Never before has the entire world had equal access to a common financial layer, a trusted and resilient network of value not controlled by a central intermediary that is prone to corruption, mismanagement or exploitative behaviour. A global network powered by the people themselves, where everyone can have an economic identity with unfettered access to:

  • Reliable and transparent financial services
  • Seamless global trade and commerce
  • Irrefutable recordkeeping of ownership, transfers of value and other key facts
  • Interoperable and composable platforms for media, gaming and interactive experiences

With this open ecosystem we now have the power to build more fair and transparent systems, where everyone owns their personal data and builds closer connections to one another.

Further, even with the explosion of innovation in this space it is still early to be a pioneering builder. A simple investment might have achieved great returns in the beginning of this industry, but far greater potential lie ahead for those delivering the Web3-powered products/services for the global audience of billions. The upfront investment in your time to build on this new stack will yield enormous returns in the coming years.

Why Build on Cardano

On top of the amazing opportunity for growth is the unique opportunity to build on top of the strongest foundations in the Blockchain space. Cardano was designed and built carefully for long-term sustainability with a passionate community and hyper-productive team propelling it forward. It is the next evolution of Blockchain technology with the goal to provide a more scalable, inclusive and sustainable financial system that scales for global use.

Based on published peer-reviewed research in collaboration with the world’s top universities and academic minds, their latest advancements follow a methodical path from academic proofs to formal specifications and finally to robust software that can be proven to work as intended.

This well-established path from research to engineering and product development uniquely sets Cardano apart amongst the world’s top blockchain platforms, while permitting innovation at scale without compromising on energy requirements, security or decentralisation.

We summarised Cardano’s key strengths in our video The Cardano Revolution:

  • Strongest foundations with the future in mind
  • Incredible team behind the most actively developed blockchain
  • Passionate, intelligent and thoughtful community
  • Cardano’s unique vision for economic identity, inclusion and long-term sustainability

Cardano’s World-beating Metrics

Cardano has some of the most impressive metrics in the Blockchain space and the data indicates that its flourishing network is growing stronger with time.

📝 Metrics updated 2022-04-20T15:00:00Z

Future-proofing, Sustainability and Scalability

The following Layer 2 ecosystems will put Cardano on the path to massive scale.

  • Hydra for limitless scalability matching the same security as the base layer with seamless transferability of assets and programmability
  • Milkomeda for Ethereum EVM compatibility with cheap fees and fast finality
  • Hypercycle for AI-centric Microservices (in development)
  • Orbis for Zero-knowledge rollup scaling (in development)

Join the Cardano Revolution

Image courtesy of Pool Germany [POOLG]

Learn how you can start building on Cardano by Starting Your Journey ➡️

CONTENTS