Review on Cardano by Loch Ness Monster

Name: Cardano
Item: Cardano
Rating: 3

July 29, 2019

Cardano

Cardano is an ambitious blockchain project. Another Ethereum killer (who knows if this time it is the truth?). Cardano is strongly backed by the Japanese investors and there are no signs that this project is going to leave the market any soon although it's still hard to say how successful it's going to be.
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Pros

Amazing team (including the Ethereum developers Jeremy Wood and Charles Hoskinson). Cardano has an open-source code and is going to support atomic swaps. Cardano uses the dual-layer blockchain to separate finance asset transactions from operations with smart contracts to make the work quicker.

Cons

Cardano uses Proof of Stake protocol hence it raises questions about the centralization of this project. Security of Cardano is also questionable (it is believed that Cardano is not protected from double-spending). Cardano uses a new programming language Plutus. Who knows if it's a good language? People will have to learn it.