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Review on Cardano by Phi Ngo
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that…
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017.
Pros
- Of its many innovations, Cardano 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 most prestigious cryptography conference. It was even covered in Forbes.
Cons
- Many speculators suggest that a pump is in place to artificially inflate this coin’s market cap.
