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Review on Cardano by Thuong Son
The technology underpinning Cardano’s ADA token was designed by leading experts…
The technology underpinning Cardano’s ADA token was designed by leading experts, academics and cryptographers over the last two years, drawing on the best features of existing cryptocurrencies including Bitcoin, Ripple and Ethereum.
Crucially, it is the first blockchain to use a provably secure, proof-of-stake algorithm – the only one to have been academically peer reviewed by leading cryptographers through its acceptance to Crypto 2017, the world’s top cryptography conference.
Pros
- The Haskell application programming framework will greatly simplify the creation of mobile apps for use with Cardano. IOHK the parent company of Cardano is also the developer of Ethereum Classic.
Cons
- Job-security. Core components of Cardano itself is written in insanely rigorous way in Haskell with some additional stuff (like dependent types). It's one of the reasons why the community loves the project, myself included. But my concern is that it's gonna greatly restrict the amount of people that could support and extend the platform in the feature. It is very cool to have teams like Serokell, who knows the insides of the platform so they can participate in it's further development (thru treasury), but I reckon that entry-level for a developer to try and change even a slightest bit is hella high. It's quite possible that this is actually one of the reasons for them to develop it this way, so no shitcoders would be too confident to mess with it. But it also kinda
