BREAKING NEWS! Coin.fyi has been acquired by VC firm Morningstar Ventures. Read more

Cardano
$1.35 -4.47%
ADA · 1w

Cardano Criticisms Don't Stack Up

Where to start with Cardano? There is a lot going on, and so much criticism gets thrown Cardano’s way that it is difficult to know what to take seriously, and what to filter out as nothing more than the usual crypto noise.

There are definitely some arguments that just do not stack up though, and to get a truer assessment of where Cardano might be heading, it is worth identifying them.

Is It Really a Ghostchain?

One of the regular criticisms you will hear is that Cardano is a ghostchain, meaning that regardless of whether or not it is functional, it does not have any actual development and no-one is using it.

But, is that actually true? It has been reported that in 2021, Cardano was actually the    blockchain  Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add t...

Continue on financemagnates.com
Recent News
ADA -4.47% · youtu.be · 4h

Cardano Graduation Day

Tomorrow is the start of a whole new life for Cardano. It's a little like we worked hard in high school & then studied like crazy in college & grad school. T...
ADA -4.47% · twitter.com · 14h

Cardano fees 500x cheaper than Ethereum

#Cardano transferred the last 24 hours a transaction value of of $10B, that's $2.5B more than Ethereum. Cardano's fee was $76,500 and Ethereum's $38.65M, that's 500x cheaper. Cardano should hire some ...
ADA -4.47% · go.changehero.io · 17h

What is Cardano (ADA)? A beginner's guide

Cardano is a smart contract platform working by the principle of a decentralized world computer. ADA is a cryptocurrency native to Cardano.