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Review on Cardano by Xa Lam
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
- The Haskell application programming framework will greatly simplify the creation of mobile apps for use with Cardano. IOHK the parent company of Cardano is also the developer of Ethereum Classic.
Cons
- Cardano definitely seems like one of the most intriguing projects out there since it is one of the only ones that is actually backed by research at a top level. However, it's just got no interest at the moment with investors. Really needs to step up in terms of promoting, in my opinion.
