Review on Cardano by francis fernandez
CARDANO: THIRD GENERATION BLOCK CHAIN
Cardano is a digital platform born in 2015 represented by the cryptocurrency ADA.
It is known as the third generation block chain due to the design of the structure of this network under the layer mode that gives it greater flexibility for its updates, maintenance and resolution of problems that arise in the cryptography market. Its innovative technology also ensures reasonable security for your high transaction volume. Another of its uses is the creation of smart contracts and app development.
The Cardano network has two layers. The first layer is the cryptocurrency and it is similar to the Ledger. Its function is to create new blocks using algorithms and confirm the operations of the platform. The second layer includes all the information about what happens with the transactions. This technology allows the generators of smart contracts to create different rules to verify operations.
Cardano is the first blockchain network that was designed under scientific knowledge by experts from the crypto community. Its premise is to develop a technological platform with excellent support for its followers around the world, flexible and scalable enough. Under this scheme, it would achieve greater financial inclusion and a balance between the needs of users and regulators, as enshrined in its project vision.
Pros
- It is a platform with total open access for people, entities, governments and companies from anywhere on the planet.
- It is one of the platforms with the greatest flexibility; thanks to its layered operating algorithms.
- This project is in charge of a group of experts from different specialties, which makes its optimal development more attractive; being represented by the Cardano Foundation and the companies IOHK and Emurgo. Each of which fulfills particular functions within the development of the project.
- Uses a universally known coding language called haskel; which makes it more reliable and safe for its investors. Being the first cryptocurrency to use this language.
- Its algorithm known as Ouroboros has proven to be more efficient energy allowing more agility in transactions
- This platform is as secure as Bitcoin but offers more agility and capacity in its operations.
Cons
- Its technology is still in full development.
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Comments (2)
November 18, 2020
It would be very helpful if someone read your review to get information about Cardano. I really liked your comment and the information you provided. The pros and cons are very revealing. I have added a new one to my knowledge about cardona.
August 29, 2020
Cardano is one of well known project in crypto world. it has the native token that is known as ADA which got my attention recently because it price was increase above 100%. The team behind the project is doing fantastic job by rewarding the ADA holder, partnership etc.
