I’ve been reading some of the different forums and the topic lagging/slowness of the project, etc is still popping up. So, here is my reminder. IOHK is building a brand new protocol that is been academically and scientifically vetted and is getting ready to go to mainnet soon - about 2 years time. Anyone who has ever worked on platform/protocol development knows this is fast. Remember, they are building brand new algorithms, new security protocols, new staking paradigms - turning those into code from the ground up.
Let’s put this in the context of Windows. Microsoft started working on a graphical user interface in 1981. The first version of windows (v 1.0) was released in 1985. That was four years of development. Windows version one came out in 1985. It was until Windows 95 did we get a user interface that resembled what we have today. No one remembers versions 1 through 3 because they were so bad - a work in progress. So it took about 14 years to develop Windows to a state that was actually usable and resembles what we have today.
If one goes back and looks at other major software protocols and enterprise software, many had 5, 10 15 years of development. Look at TCP - research started in the 1960s and it wasn’t adopted by the ARPANET in Jan. 1, 1983 - that’s about 20 years.
Remember, Cardano / IOHK is not copying the concepts bitcoin and they are not copying concepts ethereum. They are developing brand new algorithms, brand new protocols, and brand new code. Bitcoin was/is basically a proof of concept for cryptocurrency. Ethereum was/is basically a proof of concept of dapps and smart contracts. Both have major problems when it comes to scalability, security, maintainability and solving real worlds problems. Cardano is being written to solve those problems, provide a platform to solve real-world problems and have a mechanism that will be government-friendly.
WARNING TO SPECULATORS!
When IOHK “flips the switch” and it goes mainnet, do not expect to see a big jump in price (the future complaint of lagging price increase). It is going to take a year or so to build momentum. The second part of the journey for IOHK, EMERGO, and the Foundation will be to build that momentum. Once there is enough body of proof, meaning that developers are writing dapps/smart contracts on an increasing level, once institutional money sees a good history of staking, and once governments and see a level or reporting and transparency in the protocol will we see cardano blossom.
The paradigm of using blockchain is evolving into a practical tool for solving real-world problems. Bitcoin and Ethereum were the first to prove it conceptually. Cardano is being written to be the practical and proven solution of the blockchain paradigm.
So when I see people saying the project is slow / lagging / etc., if you put it into real world context - IOHK is moving at light speed.