Review on Cardano by Fanuel PORPORTY
A digital currency that can function like the dollar, the euro or the yen, but with much more transparency, efficiency and monetary discipline
Cardano uses a blockchain system that creates free applications and formalizes smart contracts, in its own Plutus language, for maximum security. The Cardano process offers more functionality than competing previously developed networks and represents, in my opinion, a new conception of cryptocurrency. Cardano is open-source, its layered blockchain protocol allows flexibility and is scalable.
The process uses ADA tokens. It’s the very first virtual currency to use the Haskell code. In the context of cryptocurrencies, it ensures the reliability of transactions.
Pros
- KYC procedures in line with the regulator's expectations.
- First project to be led by a team of researchers;
- A very high level of security thanks to the use of Haskell language and development processes
Cons
- Very little communication on the progress of the roadmap
- A very complex system to grasp and set up
