Review on Cardano by sarah miato
Cardano blockchain network
Hoskinson's background in mathematics is evident in the naming of the platform, named in honor of "Girolamo Cardano", an Italian scientist, mathematician and physician best known for his first systematic computation of probabilities.
Cardano's uniqueness stems from the fact that the project is based on scientific philosophy, academic theories, and expert review.
Charles Hoskinson believes Cardano is a third-generation blockchain, while Bitcoin and Atrium are first- and second-generation blockchains, so IOHK has created its own new blockchain instead of copying other Blockchain code.
Bitcoin was the first generation to develop Blockchain technology; Ethereum was a second-generation cryptocurrency that brought smart contracts that made it possible to transparently exchange everything of value without intermediaries; and now Cardano is adding more features to previous generations. , Through two-layer architecture, makes Blockchain scalable, secure and stable.
The goal of Cardano developers is to make the platform interact with the mainstream financial flow ecosystem.
Ouroboros is the heart of the Cardano platform. The Ouroboros algorithm uses the Proof of Stake protocol to extract currency.
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Pros
- There is no limit to scalability. When more people use the blockchain, more transactions can be processed.
Cons
- Other blockchains such as Ripple, Stellar, and NEO are able to process more than 1,000 transactions per second. While Cardano's maximum scalability is currently only 257 transactions per second.
