What Is Cardano?

Now after watching,'' What Is Cardano'', let's talk about the Pros & Cons.

Pros

• Open source coding

• The great team backing ADA

• Double-layered technology

• Energy efficient

• ADA is developing a smart contract platform that seeks to deliver more advanced features than any protocol that's already developed.

• The software stack that is flexible, scalable, and is being developed with an outstanding academic and commercial software standards in the industry

Cons

• Centralization concerns

• Security issues or safety concern

• New code language

• The program has no proven use of study and or case

• ADA can be costly to many businesses

• Some argue that the situation for being deemed disabled is on thin ice

Will ADA's team be able to hold it all together? Well, then hers a great video to get an even deeper understanding as to what you might think about IOHK!

IOHK Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol

Overall Opinion

ADA has huge potential because of its academics, as well as the general-purpose that the ADA token wants to provide to the world. ADA's technology and team play a big part but speculation between critics say this comes very close to being deemed disabled, maybe its just news. But I just want to say that I back ADA up 80%. Only because of the cost-effectiveness that can run the bill for many businesses. Businesses can receive an exemption for complying with ADA.

This exemption only works in crucial situations but this initially means if a business cannot provide the correct undue hardship the business will be forced to comply with ADA at their own expense. That means that business pays everything out of their pocket. Which could be either manageable or extremely expensive.

ADA Team Briefing!

Three organizations are contributing to the development of Cardano. The first is the Cardano Foundation, an independent standards body based in Switzerland with core responsibilities to support the community of Cardano users and to work with authorities on regulatory and commercial matters.

The second entity working on Cardano is IOHK, leading cryptocurrency research, and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain.