Review on Cardano by Alex Cabello
promising cryptocurrency, still in development but with a great future
This cryptocurrency is under development and proposes a new generation of cryptocurrencies known as the blockchain 3.0 generation. One of its main attractions are decentralized applications and solutions to governance problems, serving as a solution to corruption problems, thanks to its tamper-proof mechanism that can be used in academic matters, issuance of credentials, digital identity, including the agriculture and health. It has interesting security layers and proposes a greater number of transactions, higher than the number of transactions that are carried out through ethereum and at low cost, which allows greater adoption and democratization. It is based on smart contracts and has a scientific approach, whose changes and new features are reviewed and agreed upon by academics before its implementation. It is a very promising cryptocurrency, still in development but with a great future.
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Pros
- Created by one of the ethereum developers who knows the limitations of that cryptocurrency, which he takes into consideration for the development of this
- Unlimited scalability potential
- Fast and cheap transactions
- Fair consensus mechanism
- The ability to create decentralized applications
- An excellent development team
Cons
- Governments fear the great solutions that this cryptocurrency provides to different sectors, solving corruption problems
- It is still very unknown among people.
- Many people do not know its operation and applications
- The blockchain is still under development.
