Review on Cardano by Eltun Həsənov
Information about the cardano island
Cardano (ADA) hosts the Ada crypto exchange that can be used to send and receive digital money. This digital currency represents the future of money and makes fast and direct transfers that can be secured using the encryption method.
Although Cardano (ADA) does not go beyond just an encryption capacity, it is a technological platform that can run financial applications used by individuals, organizations and governments around the world today. The platform is folded up, giving the system flexibility to be more easily maintained and to allow upgrades through soft forks. Once the settlement layer that runs Ada is complete, a separate knowledge base will be created to handle smart contracts, digital legal agreements that will form the basis of future trade and business. Cardano (ADA) will also run decentralized applications or dapps that are not controlled by a single party but run on a blockchain instead.
This is the first blockchain project to be developed with a scientific philosophy and the only project to be designed and built by a global team of the world's leading academics and engineers. For the technology to be used by millions of users, it must be secure, flexible and scalable. Consequently, considerable thought and attention was devoted to the project by some of the leading experts in their field and informed the design decisions. Scientific diligence applied to critical systems such as aviation and banking was brought to the field of cryptocrats with high assurance practice. We believe this is the first time it has been done.
An important innovation of Cardano (ADA) is that it combines users' regulations to balance the needs of their regulators and thus manage privacy. Cardano (ADA) vision is that the new style of regulated computing will enable more financial inclusion by providing open access to fair financial services for everyone.
Pros
- Can be used for sending and receiving digital money
Cons
- I could not find missing
