1. Overview
Cardano is a blockchain technology aiming to build a decentralized blockchain platform to support the development of decentralized applications (DApps) and smart contracts. The Cardano project was created by Charles Hoskinson, one of the co-founders of Ethereum. Cardano is developed with a scientific approach, featuring a rigorous research and development process based on core principles including:
- Three-Layer architecture
- Proof of stake mechanism
- Community and research collaboration
Regarding the platform choice, we had a very long time to research and study the Cardano platform before deciding to apply this Blockchain platform to our NFT exchange DEMARKET, this platform has all the strengths that other Blockchain platforms have, even some mechanisms of Cardano are much more powerful than other platforms. One strength that can be mentioned is:
- Security and reliability
- Efficiency
- Innovation and continuous development
- Community engagement
- Decentralization
2. Objectives
In this project, we have some goals set out to complete an experimental exchange platform as follows:
- Create a web3.0-style interface but at the same time simplify the information so that users do not feel confused or difficult to use, or in other words, user-friendly and easy to use.
Build modules for minting, burning NFTs that allow users to create or delete NFTs right on our platform.
- Create modules to trace the transaction history of NFTs, view detailed information of NFTs, etc. The information that users can see will be simplified and as intuitive as possible, and will also be optimized in terms of display time for users.
- Create a smart contract with strict constraints, ensuring safety for buyers and sellers. In particular, the smart contract is written in Aiken programming language which compiles to Plutus v2.0 code with 400% higher throughput, completely superior to Plutus v1.0, enhancing the user experience to the highest level.
3. Deliverables
When the product is completed, we will hand over to Cardano an experimental NFT exchange platform with full functions: