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Review on Cardano by Minh Tien
Cardano operates on a proof of stake model, using Ouroboros, the firstโฆ
Cardano operates on a proof of stake model, using Ouroboros, the first provably secure proof of stake protocol yet written. You can read this and the other academic peer reviewed papers behind Cardano at https://www.cardanohub.org/en/academic-papers/
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Pros
- Cardano\ADA has a multi layered protocol approach that has smart contracts much like Ethereum, but implemented in another layer so that it will scale well beyond what Ethereum is capable of.
Cons
- Not high-speed platform. Idk for future possible changes in Basho, but afaik the whole project is not meant to be super-high-speed-performant in the EOS way. It's not exactly a trade-off, tho. It's just not really planned to be that way. But concern here is that it's hard to market it this way, if other companies gonna promise almost "a real-time blockchain"
