From the birth of Bitcoin -- which effectively was the birth of the modern cryptocurrency and crypto asset scene -- it has been known as being in some ways anarchic or promoting some sort of counterculture. This misconception (a misconception that is slowly and steadily going away as Bitcoin, Ethereum, and other cryptoassets enter into the mainstream financial world) is detrimental to the cryptocurrency and cryptoasset industry because it causes people to not pay attention to the real strengths of cryptoassets and the blockchain technology that generally underlies it.
One major step on the cryptoasset scene was the creation of Ethereum - Ethereum is a second-generation cryptoasset that remedied many of Bitcoin's problems. Ethereum is one of the most prominent of these newer cryptoassets (aka altcoins) that was created to solve a whole lot of the problems that we know Bitcoin to have - chiefly by enabling users to create what are called smart contracts. Ethereum itself, however, has not been immune to problems - this is one of the main reasons for the creation of Cardano by former Ethereum developers, a third-generation cryptoasset which seeks to further improve on Ethereum.
Cardano is based on Peer-Reviewed Research
One of the key things that make Cardano standout among all other cryptocurrencies is that the ideas that were used to build it and with which its developer team continue to improve the network are a product of meticulous peer-reviewed research. This means that unlike almost all other cryptocurrencies and cryptoassets on the market today -- whose underlying ideas are just published by its team of developers without any scrutiny or tests before being rolled out -- most of the principles upon which Cardano is built are scientifically-researched. With former Ethereum CEO Charles Hoskinson being a prominent member of its development team, Cardano perhaps boasts of one of the most credible foundations of any cryptocurrency and cryptoasset outfit in the industry
Problems Solved with Cardano
Cardano attempts to solve various problems that have plauged other cryptocurrencies and cryptoassets. Cardano's benefits include the following:
Cardano's Mining Protocol
Cardano uses a proof of stake (PoS) mining protocol that is known as the Ouroboros, which is a cutting-edge and scientifically-proven mining protocol that has been proven beyond doubt to be scalable and completely secure.
By implementing proof (something that Ethereum will likely implement in the future), the Cardano network allows for the printing of new blocks without wasting a lot of electricity - the mining problem is something that Bitcoin is currently dealing with.
And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledger technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).