1 Level
6 Review
5 Karma
Review on Cardano by Kola Rasaq
Cardano is a blockchain platform that provides a programmable blockchain and…
Cardano is a blockchain platform that provides a programmable blockchain and intelligent contracts for dApp development. Cardano is known as a third-generation blockchain (Bitcoin was the first generation, Ethereum was the second) methodically building on peer-reviewed technology to address many of the scaling, privacy, and technology issues of today's second-generation blockchains. like Ethereum. Cardano has advanced detection of PoS protocol, a unique governance and treasury system, and a layered foundation that enables Cardano to act as both a cryptocurrency and blockchain platform
Pros
- Cardano is the industry's first platform to use peer review open source code. The Cardano project has a global network of researchers and scientists who have contributed and developed advanced block-chain protocols
Cons
- Cardano relies on a complex governance system. You need to calibrate the incentives and carefully craft your system so bad actors and trawlers can not manipulate the system and cause confusion. a group of users can gets enough privileges and take advantage of the Treasury for there own benefit.
