The latest Cardano roadmap update seems to have rattled sections of the Cardano community. That’s because it was widely expected that Shelley would go live in Q1 of 2019, but from a look at the roadmap, this might not be the case. This is the second time that Shelley is getting delayed since it was originally expected to go live in Q2 of 2018. The fear is that if Shelley keeps getting delayed and other projects continue to make gains in the market, then Cardano could lose its edge in the market. For instance, if Ethereum’s Casper were to go live before Cardano’s Shelley, then it would put a lot of competitive pressure on Cardano in the market since Ethereum already has a strong network effect in the smart contracts market. Up to that point, the concerns community members have may be legit.
No cause for alarm
However, looking at Cardano more closely, there really is no cause for alarm. That’s because the whole Dapps market is still in its infancy. No platform has managed to achieve any significant adoption in the market. Even those platform blockchains that claim to have solved the scalability problem, and can do 1000s of transactions per second, are mostly doing it for marketing. As such, Cardano is not late at all. As a matter of fact, it could easily emerge tops and whitewash the rest of them. It will whitewash them because once the real adoption comes, most of these blockchains will be put to the test and fail since most of them are rushed through. By focusing on getting everything right, Cardano will have a platform blockchain is functionally correct, can scale, and is secure. These are the things that the market will be looking for in the long haul, and Cardano will emerge a winner. It’s a case of playing the long game, to come up with a strategy that wins the war, not just isolated battles.
Then there is the Cardano team. You can easily tell the long-term success or failure of a blockchain project by the team behind it. Cardano is being developed by what could easily be the best team in blockchain. A person like Charles Hoskinson is not just passionate about blockchain and the Cardano project but is also a top mathematician and a blockchain expert. The same goes for all the rest of the IOHK team. As such, when they take their time with something, it means that it is complex and needs time. If achieving decentralization in a POS environment was as easy as most projects insinuate, Cardano would have achieved it long-time ago. It has the brains to get it done.
As an investment, Cardano (ADA) will reward those who can visualize the bigger picture. In the building phase, the price may not move much, but in the long-run, once all the chips fall in place, Cardano (ADA) could emerge as one of the best investments in crypto.