Review on Cardano by Bennet Ngan

Name: Cardano
Item: Cardano
Rating: 5

January 30, 2018

Cardano is regarded as one of the few third generation blockchain projects out…

Cardano is regarded as one of the few third generation blockchain projects out there that aims to solve the major problems of scalability, interoperability, and sustainability. Though Cardano currently has many promises and little to show for, their team inspires confidence that they will eventually deliver. The question is when. This is a risky and long-term hold, but with potential for huge returns. 
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Pros

Cardano is a project that utilizes the scientific method to its truest extent. Rather then spend money on flashy marketing tactics, they instead focus heavily on research and the academic side of things. Their code is peer reviewed and submitted into conferences for vetting and their team consists of a wide range of industry professionals most of whom are university professors with a research oriented mindset. This is a project led by one of the original co-founders of Ethereum, Charles Hoskinson and their team is one of the most professional in crypto. In terms of communication, the team regularly posts lectures and talks on their YouTube channel explaining various aspects of their project. They also have a very active Roadmap that also links to the developer who is in charge of each particular aspect of the project with contact information should you have questions. Each portion of the roadmap also shows a progress bar and the team also provides an official update every 30 days. Cardano aims to be a better version of ethereum, solving the issues of interoperability, scalability and sustainability. One excellent feature that the team has promised to be coming is the addition of cold staking, which means you'll be able to stake your coins while they're in cold storage (IE. in your hardware wallet).

Cons

Cardano promises a lot, but in its current state has not delivered on any real product besides their wallet, Daedalus. Because all their code is subject to peer review, the progress of the project is relatively slow compared to others and you will likely not see any significant returns in the short-term. At the current time, Cardano lacks any big institutional investors or partnerships. There are a couple of other projects out there that aim to do similar things and are much further along than Cardano. Big infrastructure projects such as EOS, NEO, and ICON are miles ahead in terms of actual product and those hold equal if not greater potential than Cardano. If Cardano is too slow to market, they may lose out to other projects even if they have better tech.