Review on Cardano by phuong cong
The first project uses the PoS algorithm
Cardano is the first Blockchain to use a proof-of-stake algorithm, while Bitcoin and most other cryptocurrencies use a proof-of-work algorithm.
Cardano is a decentralized Blockchain project that allows people to create smart contracts, like the Ethereum Blockchain.
Cardano is a 3rd generation Blockchain project that overcomes the disadvantages of BTC and ETH in terms of network scalability.
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Pros
- ADA solves the problems of previous Blockchain projects in terms of scalability and interoperability Sustainability Administration Process more transactions with cheap fees and high speed
Cons
- The system will still have features that when integrated will be difficult to remove, programmatic administrative policies cannot be changed
