Review on Cardano by Robiul Islam
Cardano 3rd Generation Cryptocurrency.
It is an aspirant project which is in its advance stage but aiming to deliver more advanced features than any other cryptocurrency before developed. The project is lead by Charles Hoskinson and also one of the original innovators of the Ethereum with experience of finding three cryptocurrency startups. It is likely that it may become one of the strongest platforms with a highly valued native cryptocurrency.
Updated 5 years ago
Rating changed from 4 to 5
Cardano is one project that’s taking matters into its own hands in order to overcome market manipulation of its ADA coin. The Cardano Foundation recently engaged liquidity services provider Algoz as a means of ensuring better liquidity, smaller spread, and reducing the incidences of manipulation by whales or trading errors.
The endgame for Cardano is that the ADA coin achieves genuine liquidity and price stability of the kind seen in the legitimate BTC markets. This will put ADA on a level playing field with the BTC and the major alts. Therefore, ADA has the opportunity of attracting the same kind of institutional investment that’s currently pouring into the BTC markets. It will help to secure the long-term sustainability of the ADA token and ecosystem. Taking a bigger picture view, it will also work to reduce the crypto market’s heavy dependence on BTC.
Updated 5 years ago
Rating has not been changed
Cardano is a sound long term project. Think of it like Amazon during the dot com bubble and look where Amazon is now. As an experienced and objective software developer, I think Cardano is going places. I came across ADA Staking Calculator which seems quite good as you can tweak all settings like taxes, percentages, fees etc. You can go through the years to see your ADA grow if you’re someone like myself who plans to reinvest the rewards you earned every year into staking.
Pros
- High quality algorithm by great minds.
- 3rd Generation technology.
- The team is very transparent about the progress of the network and actively converse with their investors and the public.
- Completely open source.
- Enhanced scalability and security.
- Improving problems that are inherent to current blockchain and crypto technology rather than fixing one particular problem.
- Developed by a global collective of experts.
- 2-layered system to ease problem solving. Multi-layered development will help the maintenance and evolution of the Cardano network in the long run.
- Developed to work with regulatory authorities.
- Based on scientific principles.
- Technology and academia is peer-reviewed.
Cons
- Long term investment.
- Centralization issue due to PoS.
