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Review on Cardano by Thom Lam

Revainrating 5 out of 5

Cardano addresses the necessity for restrictive oversight while maintaining…

Cardano addresses the necessity for restrictive oversight while maintaining client privacy and protections through an innovative superimposed design.
This software system stack is versatile and scalable , developed with the foremost rigorous educational and industrial software system standards.




Pros
  • Cardano has also been written from scratch in Haskell. It allows the use of a high assurance technique called formal verification. This produces evidence that code is correct and could have helped safeguard against the flaws that lead to the DAO hack.
Cons
  • Gradual decentralisation. It's a con for some people. For now - I like it. IOHK don't rush to throw it into people in a half-developed way. Like, Shelley is gonna be released throughout Q2 and Q3. I reckong kinda the same thing gonna happen in 2020 when IOHK steps-down (if not voted to continue development). But my concern here is that people will just get used to it (like with EF kinda way) and IOHK gonna be life-time "Owner" of Cardano, with biggest pool, and biggest treasury vote, and biggest say in everything. Or some other company will just overtake it after 2020 and actually recode for its own benefit.

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