Low transaction fees
Compared to other blockchain platforms, Cardano's fees are incredibly cheap. This is convenient for users who want to mint a large number of tokens or for those who want to mint tokens regularly.
Scalability
A great USP of Cardano is the scalability so that the blockchain can handle a large number of transactions. With Hydra as a layer-2 system, Cardano aims to improve network scalability and off-chain transaction processing.
Sustainability
Cardano offers a better environmentally sustainable alternative to other blockchains. This is because Cardano uses the Proof of Stake (PoS) mechanism that drastically reduces the computational energy consumption needed in generating blocks than the Proof of Work mechanism.
Technological advancements backed by the research-first approach
The people behind Cardano are constantly upgrading the network. The Alonzo fork upgrade made it possible to deploy smart contracts. After testing phases Alonzo eventually became part of mainnet, allowing the developers access to advanced Haskell language, notably also used by the US military & NASA. Unlike other blockchains, Cardano prioritizes
peer-reviewed academic research and proposals before releasing any new product, service, or update. Ouroboros enabling the PoS feature is one example of this rigorous scientific procedure.
Wide range of commitments to decentralization
2021 saw Cardano making a significant step toward decentralization. The IOHK team announced that they handed over power to its community responsible for producing blocks on Cardano and maintaining governance within the system architecture.
Security and stability
Security and stability are two essential factors in blockchain technology. Cardano uses a unique consensus algorithm called Ouroboros, which has been mathematically proven to be secure. Additionally, the Cardano team maintains a strong commitment to security and regularly audits the codebase to ensure that vulnerabilities are quickly addressed. Cardano excels in both of these areas, thanks to its well-developed infrastructure.
Interoperability
Cardano's Ethereum Virtual Machine (EVM) and milkomeda capability allow different blockchains to interact with each other. For example, the interoperability with EVM as a sidechain allows developers to write Solidity smart contracts on Cardano and create Ethereum-compatible DApps and ERC20 tokens while retaining many of the resulting benefits on Cardano. That means users can enjoy lower fees with faster settlement times for their investment on an environmentally-friendly blockchain.
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