1 Level
16 Review
36 Karma
Review on Cardano by Hadu KenTiger
It addresses the necessity for restrictive oversight while maintaining client…
It addresses the necessity for restrictive oversight while maintaining client privacy and protections through an innovative superimposed design. The first layer is for recording transactions and the second is for deploying smart contracts. The way they separate their layer into 2 different layers helps them solve problems independently. - The project has been built from scratch by great minds making it evolves day by day. Cardano is the first project to be peer-reviewed by people with excellent academic profiles. However, the Proof of Stake algorithm chosen for Cardano is both an advantage and a disadvantage. PoS maybe more energy efficient than PoW but it does not ensure tight security. Although the idea of this project has been through many serious processes of review, the time it takes for development is too long making it a big minus.
Pros
- This is similar to the communications protocol for the Internet, which uses several layers including an Internet layer for routing data to the appropriate destination, and an application layer for defining the protocols used to exchange the data, that’s the reminder that Cardano will take time to develop, it is a long-term investment at this point.
Cons
- How stable is the Cardano algorithm to the attacks of a quantum computer? The progress is bit lower than that of the potential of the project, it is just taking its own time for the vision it attracted everyone.
