Key 5 Advantages of Cardano you should be Aware of
Being the newest blockchain and cryptocurrency, Cardano is an open source project with the most
promising potential in the market. The project was launched in September 2017 after 2 years of work
and already during the first week of the operation Cardano hit highest volumes of movement which
obviously grabbed investors’ attention. But what makes Cardano so successful? Here are 5 key
advantages of Cardano you should be aware of:
1. Absolute Safety
The language Cardano is coded in is called Haskell- a precise code which uses mathematical
verification methods. This means that human error is completely eliminated here and the system
confirms the code automatically preventing any bugs and errors.
2. Brilliant Team
Greatest field professionals from all over the world have been involved in the development of the
most innovative project of the industry. The key objective of the team remains creating a smart
contract platform which will deliver the most scalable, transparent and advanced features to digital
currency fans. Cardano was founded by the co-founder of Ethereum Charles Hoskinson who invested
all his lessons learnt from the mistakes and gaps of Ethereum into the greatest 3 rd generation platform-
Cardano.
3. Advanced Features
While many similar platforms offer simple transaction from A to B Cardano gives the opportunity to
add extra information and details to each transaction. Ethereum as the 2nd generation platform gives
this opportunity as well however Cardano’s advantage here is that you can keep the transaction and
information in separate layers (Settlement Layer and Control Layer) and decide to fill the details when
relevant or necessary.
4. Governance by Token Holders
The governance of Cardano is based on blockchain meaning that the token holders get to decide on any
modifications that may be proposed. Here is how it works: any upgrades or modifications can be
proposed in the library where the ADA (Cardano token) holders can vote for the protocol
implementation. After a certain percentage of votes is obtained the modification is be
implemented.
5. Easy to Use
One of key goals of Cardanois keeping the platform as simple as possible for both the users and
developers. The own designed wallet of Cardano is called Daedalus which unlike many other similar
cryptocurrency wallets offers user-friendly experiences which are easy to get started with.