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22 Review
20 Karma

Review on Cardano by Lenon Cabrera

Revainrating 5 out of 5

Cardano's growth has been really exponential, with a technology so robust and…

Cardano's growth has been really exponential, with a technology so robust and strong that it can easily compete against Ethereum, which is currently the largest in the industry. As I mentioned its only negative aspect so far is its total supply, however, ADA marks a second generation Blockchain in general that promises great things.



Pros
  • Cardano is a platform made up of two layers: an establishment layer that serves to handle smart contract transactions, one of its founders is "Charles Hoskinson" who is one of the Co-founders of Ethereum and in 2015 with the Cardano Foundation created Cardano. The idea is to separate the accounting from the transactions of the same and the reasons why they are carried out. The establishment layer is the first layer developed by the Cardano team. The ADA symbol is the native cryptocurrency of Cardano, ADA is used to send and receive digital funds in the establishment capacity. In turn, Cardano allows decentralized applications also known as DAPPS that run directly in the block chain instead of a centralized server. Cardano presents a consensus stake test using an algorithm called Ouroboros to validate transactions. Ouroboros was developed by a team of cryptographers from multiple academic institutions. It is specifically designed to be modular, future-proof and flexible as a consensus algorithm over time. In a Stake Test algorithm, the participant who created the next block was selected randomly proportionally to the size of his bet in the coin. As Cardano uses a Stability Test algorithm it is NOT dependent on mining as the working test algorithm, like the use of Bitcoin.
Cons
  • The only negative aspect I can notice is an extremely high total of supply of a total of 45 trillion coins, so its value will not be very high even in the long term.

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