Why Cardano matters

People can ask why the IOHK team works on Cardano if we have Bitcoin and Ethereum. Do we really need more public networks? These are fair questions. Let’s answer them.

Technology must evolve

We do not know any digital technology that would have been created once and survive without being constantly improved afterward. Technology must evolve or it gets obsolete sooner or later. Why is it like that? The answer is simple. Every technology evolves so when it is not the case for a given project then others will become mainstream. At least, we have such experience from history.

Have you ever heard anything about Yahoo! company? It was founded in January 1994 and provided a web portal, search engine, and related services including email, finance, video sharing, etc. MySpace social network appeared in 2005 and surpassed Yahoo! and even Google in 2006. It was the most visited website in the United States. You have not heard about MySpace? It is possible. In 2008, MySpace was overtaken by Facebook in the number of unique worldwide visitors. In May 2009, Facebook surpassed Myspace in the number of unique U.S. visitors. Wait a minute. You do not use Yahoo! for searching on the Internet? You probably use Google. History just repeats over and over.

It can seem that Amazon, Google, Facebook, Twitter, Microsoft, and few others will be…