1 Level
6 Review
26 Karma
Review on Cardano by Binh Yen
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that…
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017.
Pros
- Cardano\ADA will have cross chain atomic swaps between other crypto currencies like Litecoin and others are implementing. This will allow for decentralized exchanges and the ultimate in flexibility and interchangeability.
Cons
- In comparison to its competitors such as ETH, IOTA, NEO, and WAVES, ADA is seriously lacking in terms of framework.
