The Boons of Building on Cardano Blockchain
Tags: blockchain, cardano, webdev, learning
Published: 2024-04-30 07:49:25

The race to challenge Ethereum’s dominance is on, and the [Cardano blockchain development](https://blockchain.oodles.io/cardano-blockchain-development-company/?utm_source=devto) might be among the favorites. What advantages does the blockchain with a distinct blockchain development strategy provide, though? We will delve into Cardano, the smart contract platform, in this blog post.

## Understanding Cardano Blockchain
Consider Bitcoin as a first-generation blockchain with simply transactional use cases and Ethereum as a second-generation blockchain that popularised the idea of smart contracts and the existence of blockchains as an ecosystem.

According to Ethereum’s founder Vitalik Buterin, both first-generation and second-generation blockchains, such as Bitcoin and Ethereum, experience the “blockchain trilemma.” It explains the trade-off that blockchain developers must make to address the three key challenges of decentralization, security, and scalability.

Cardano, a third-generation blockchain, aspires to scale without sacrificing security or decentralization. Due to disagreements about the advancement of the blockchain platform for smart contracts, Ethereum's founder, Charles Hoskinson, left the company in 2014.

He introduced Cardano in 2017 to outperform Bitcoin and Ethereum.

Cardano has a unique approach to peer review. Before any changes are made to the network or future developments, including the Ouroboros consensus process, academics examine and approve them.

## The Consensus Mechanism of Cardano Blockchain
While Ethereum and, up until recently, Bitcoin were founded on the proof-of-work consensus algorithm, Cardano has created Ouroboros, a proof-of-stake alternative. There is no longer a “race” to create a new block thanks to this procedure:

To have the opportunity to mine for brand-new blocks, the network chooses slot leaders (nodes) at random.

Epochs are the slots into which the blockchain is divided.

For rewards, slot leaders can mine entire epochs or portions of epochs.

Epochs can be divided indefinitely, which is why Cardano asserts that it is theoretically infinitely scalable.

Ouroboros' primary benefit is that it offers a proven way to select validators at random in order to generate an extra security share.

Additionally, the randomness might make it impossible for patterns to emerge that would protect the network from attacks.

Also, Explore | [Developing a Ride-Sharing App like Uber with Blockchain](https://blockchain.oodles.io/blog/developing-ride-sharing-app-uber-with-blockchain/?utm_source=devto)

## Advantages of Cardano Blockchain
**Web 3.0 Development**
Cardano was created with integration with Web 3.0 in mind.

Cardano may be used to create metaverses, and the blockchain will be particularly beneficial if you want to combine your business with the Internet of Things or IoT technologies.

This has been done since it is anticipated that all of these Web 3.0 characteristics will expand quickly and benefit businesses in a variety of ways.

The integration of Cardano is carried out with the assistance of blockchain engineers experienced in such services.

It is also essential to choose blockchain developers that can provide future maintenance and upgrade services, considering how quickly the IT industry develops.

**Adaptable and Sturdy**
The blockchain is equipped to manage difficult projects and innovative start-up ideas. The blockchain’s several tiers enable low transaction costs and quick speeds while also preventing network congestion.

This suggests that it remains highly reliable even during market fluctuations, a feature that investors worldwide see favourably.

**NFT Trade Assistance**
Custom NFT tokens can be created and traded using Cardano. A custom NFT marketplace that charges for NFT trading can likewise be hosted on the blockchain. This suggests that NFT enthusiasts can be attracted via the blockchain when the need arises. It is the best option for everything requiring NFTs because of its assortment of qualities, which also includes verifiability, auditing, and client testing capabilities.

**Reviewed by Peers**
Cardano has been endorsed by experts from all around the world and has strong research backing, unlike other blockchain ventures that merely have a white paper as their initial step.

This might be a result of the Cardano cryptocurrency being founded by Charles Hoskinson, an Ethereum co-founder. The properties of Cardano have also been confirmed by leading computer experts from around the world.

**High Security**
Cardano handles the transaction validation process using a proprietary Proof-of-Stake consensus mechanism called Ouroboros.

Cardano's development processes ensure total security and blazingly quick transaction processing. Delegated Staking is made feasible by the Proof-of-Stake consensus technique, which lets your customers take part in the validation process without requiring the technical know-how to operate a node.

Connect with our [cardano developers](https://blockchain.oodles.io/about-us/?utm_source=devto) to get started with Cardano blockchain development or any assistance or consultation related to dApps development.