IOG Unveils Cardano's Roadmap for 2023 and Beyond

IOG Unveils Cardano's Roadmap for 2023 and Beyond

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by Mohamed Farouk

5 months ago

Made with AI

Input Output Global (IOG), the driving force behind Cardano's blockchain development, has unveiled an ambitious plan to enhance the network's transaction capacity significantly. In a recent update, the company outlined its roadmap for the remainder of the year, aiming to scale from 800,000 transactions per month to an impressive 27 million by 2030, as emphasized in the official statement.

Cardano Leios Upgrade Transition

The update emphasizes the transition of the Cardano Leios upgrade from a prototype stage to readiness for mainnet deployment, marking a crucial phase in the 2026-27 cycle. IOG is focusing on advancing through Software Readiness Levels 5 to 8, ensuring that the upgrade is not only developed but also rigorously tested and refined at each stage.

Development Efforts and Release Candidate

A significant portion of the development effort will be dedicated to creating a Release Candidate, which is essential for the Leios upgrade. This involves major modifications, including a comprehensive rewrite of consensus components and adapting the Leios block structure to fit within the Dijkstra ledger framework. IOG is also prioritizing High Confidence, which emphasizes validation through continuous load testing and parameter exploration rather than mere completion.

Hard Fork Enabling Leios Objective

Additionally, the Hard Fork Enabling Leios objective aims to stabilize client interfaces and prepare the ecosystem for the upcoming upgrade. IOG connects this upgrade to the overall growth of the Cardano network, highlighting potential benefits such as:

  • increased total value locked (TVL)
  • enhanced revenue
  • adoption rates

Remarks from IOG

Carlos Lopez de Lara from IOG remarked, 'We have been researching and prototyping Leios for years. The science is done. Now we deliver it.'

Recently, Frederik Gregaard, CEO of the Cardano Foundation, disclosed that around 200 large companies in Germany are utilizing Cardano's blockchain technology, often without their knowledge. This trend contrasts with IOG's ambitious plans to scale Cardano's transaction capacity. For more details, see read more.

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