Review on Cardano by Temitope Babatunde

Name: Cardano
Item: Cardano
Rating: 5

May 11, 2020

Cardano The Third Generation Crypto.

Charles Hoskinson created this cryptocurrency and technological project, the aim is to solve the problem of scalability which is what bitcoin and ethereum can not solve. It has considerable amount of due diligence and care that goes into the building and design of such project.
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There are three strong organizations behind cardano, they are (1) Cardano Foundation which is non profit organization (2) IOHK, which is a research and development organization created by Hoskinson to build a financial service based on blockchain and (3) Emargo, is a Japanese company it use to incubate and develop commercial firms that will like to improve their services using blockchain.
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Cardano is also described as third generation cryptocurrencies, bitcoin being the first generation and ethereum being the second generation, it programme the coin of its blockchain which is Ada in such a way that it will solve the problem of sustainability and scalability which the coins of 1st and 2nd generation can not solve.
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Ada was built on scientific philosophies and peer reviewed and academic research, the result is high assurance code(HAC), it is a high quality code if compared with non peer reviewed code. This code create a high confidence in the cardano project because the code can be easily studied and understand. 
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Because of the philosophy behind cardano it is not easy for it to have a specific roadmap and the disadvantage of this is that the project has a very long history of developmental period. It is first coin to be built on Haskell programme language, which make it mineable using power of stake protocol. The official wallet of Ada is Daedalus. 
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Pros

It has good team that is working round the clock to make sure that the project succeeded.
Though still young project in comparison to bitcoin and ethereum but within that short period of time it has found itself among the top 20 ranking in coinmarketcap.
It trying to solve the problem of scalability.

Cons