What is the Point of All of It?
Cardano has been a marathon project involving feedback from hundreds of the brightest minds inside and outside of the cryptocurrency industry. It involves tireless iteration, the active use of peer review, and shameless theft of great ideas when uncovered.
The remaining sections each cover a particular aspect of focus we have decided is a core component of our project. Some were selected due to a desire to improve the overall best practices of the space whereas others are specific to Cardano’s evolution.
While no project can cover every goal or satisfy every user, our hope is to provide a vision for what a self-evolving financial stack should look like for jurisdictions that lack them. The ultimate reality of cryptocurrencies is not that they will disrupt the existing legacy financial systems. Legacy financial systems are always capable of absorbing change and maintaining their form and function.
Rather one ought to look to places where it is simply too expensive to deploy the existing banking system, where many live on less than a few dollars a day, have no stable identity and credit is impossible to find.
In these places, the power to bundle a payment system, property rights, identity, credit and risk protection into a single application running on a cell phone is not just useful, it is life changing. The reason we are building Cardano is that we feel we have a legitimate shot at delivering — or at least advancing — this vision for the developing world.
If we can change the way cryptocurrencies are designed, evolved and funded, then there is a great accomplishment.