Someone in the r\\cryptocurrency Reddit asked if the "pipe dream" of @IOHK_Charles video "The Island, The Ocean, The Pond was even possible. Can Cardano open the door to every developer out there, including the ethereum ecosystem? I think so, time for a thread

Here was my response

Current employment at IOHK is around 250-300 (though not all are working on development, there are researchers and other departments and other projects)

They are in partnership with around 12 other development firms, outsourcing aspects of the project, for example Runtime Verification is the firm that developed the devnets we're discussing (in partnership with IOHK)

In a recent AMA Charles mentioned he had 50+ people in his hiring que and had recently hired 2 new HR just to ramp up the hiring even more.

Cardano is consistently and has been for the entire year the highest in commits. Whether you agree with that being a metric worth considering or not, I would ask you "what company would chase a vanity metric for so long?" Unless their commits are actually valuable to the code

That being said; Ouroboros the chain itself has been built from first principles, peer reviewed, formally verified, built with functional code, etc etc, can handle the throughput required for the eventual adoption and incoming dApps. I'm not sure the current TPS but I do know the

target is 1000tps at the completion of the current roadmap and 1 million TPS with the completion of Hydra, a state channel 2nd layer using the stake pools as Hydra "heads".

Currently the treasury will print 60 million per year at Ada's current price. If Ada hits $1, that's almost a billion PER YEAR. To be given out to develop on Cardano. To be voted on by the community. The next fund is 500k

To top that off in the same AMA (I think) he mentions the 110 projects in the commercial pipeline, some that are related to Africa (it's in the millions of users size with Ethiopia) and a lot are just projects migrating over from ethereum

I believe he in the 500-600 millions range as far as his net worth, so he's got some money.

Hope this helps!

#Cardano #ADA $ADA