Cardano (ADA) has from its conception, taken a much more deliberate and scientifically driven approach than any of its competitors. By utilizing scholarly peer review systems, the team is intending to actually scientifically prove that their blockchain protocol is a secure, efficient and world changing development.
In addition, Cardano’s love for the programming language Haskell has distinguished them from other protocols. Haskell is a standardized programming language that has garnered praise from developers for its simplistic yet mathematical nature.
The idea behind using Haskell for blockchain programming is that it will help to faster write code and create a less “buggy” protocol. Plus, due to its standardized characteristics Cardano can offer interoperability between coins which is a highly sought after function in the crypto sector.
On May 3, 2018, Cardano’s famed founder Charles Hopkinson signed an MOU with the Ethiopian Ministry of Science and Technology. This is an important step towards implementing blockchain technology for governmental and administrative use.
Hoskinson and the rest of the Cardano team will setup educational courses on Haskell and blockchain programming and development, and also begin to explore ways to make the governmental organizations of Ethiopia work more effectively.
Unlike most other crypto startups who are more in favor of taking down the powers that be, in their white paper, Cardano states its goal to work with governments and other organizations to raise efficiency and transparency by ushering in the blockchain era.
Previously, the Cardano team had announced its intentions to spread Cardano through Africa with educational campaigns and by implementing the technology to solve problems that have caused strife in the continent for decades.
One specific problem that many African nations face is determination of land ownership borders. With Cardano’s help African nations can create land registries and put an end to these problems.
Last week Cardano had one of their biggest breakthroughs. They announced that they have confirmed that their proof-of-stake algorithm, called Ouroboros, is provably secure. The proof-of -stake protocol has been gaining popularity over proof-of-work in the crypto space for a couple of reasons.
With PoS cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e., the stake). In contrast, the algorithm of proof-of-work-based cryptocurrencies such as bitcoin uses mining; that is, the solving of computationally intensive puzzles to validate transactions and create new blocks.
This means with proof-of-stake more incentive exists for stakers to hold versus proof-of-work where miners may not own the currency they are mining. Furthermore, PoS is a much more energy efficient system which would save people billions around the world.