1 Level
6 Review
12 Karma
Review on Cardano by Truong Huynh
The technology underpinning Cardano’s ADA token was designed by leading experts…
The technology underpinning Cardano’s ADA token was designed by leading experts, academics and cryptographers over the last two years, drawing on the best features of existing cryptocurrencies including Bitcoin, Ripple and Ethereum.
Crucially, it is the first blockchain to use a provably secure, proof-of-stake algorithm – the only one to have been academically peer reviewed by leading cryptographers through its acceptance to Crypto 2017, the world’s top cryptography conference.
Pros
- Cardano\ADA is proof of stake crypto currency only. This means there is no more environmentally damaging waste of massive amounts of electricity required to sustain it. There is no mining. Also there will no trust damaging hard forks.
Cons
- In comparison to its competitors such as ETH, IOTA, NEO, and WAVES, ADA is seriously lacking in terms of framework.
