Review on Cardano by Shahana Parveen Khan
Cardano Review
Amonst the thousands of cryptocurrencies, cardana has suddenly gained a lot of attraction. Cardana is a public blockchain platform. Just like other platforms, it is an open source and decentralized. Unlike Bitcoin it uses the proof of stake method. It is rather different than other cryptocurrency projects because it is build around peer reviewed papers. So instead of writing in white and implementing it straight to code the cardano actually makes sure that experts from different part of the world read their paper , improve them and agree with the outcome.
Cardano is a third generation cryptocurrency, and they have a very different way of working . It want to solve 3 big problems of the current generation ,i.e, interoperability, scalability and sustainability. Moreover it aims to be a blockchain that can understand what happens in other blockchains.
Experts have said that Cardano is still very young and has a long way to go. Their work is very different from other cryptocurrencies and it might be a project that can solve a long standing and fundamental issues.
Pros
- Peer reviewed technology
- scalable
Cons
- Not memeable
- No first mover advantage
