Cardano is a bona fide make an effort to create a beneficiary to Bitcoin, addressing all of the issues that have surfaced in the previous several years, such as difficulty of proof-of-work, overall flexibility of scripting and smart contracts and speed of transaction.

It has open up and transparent goals which is built on Haskell, an extremely sound choice being a functional language but also an unique one as not too many are aware of it.

In conditions of recent features, it does not seem to be to be able to much new ground instead of trying to incorporate the best features and practices up to now. I actually guess they are seeking to pull a Fb, which was actually a third wave of internet sites, after Friendster and Myspace . com, who broke through by refining the best away of the prior work and adding some pregressive new ones.

In conditions of their goals, they sound like they are trying to be everything to everyone, including existing big financial players and institutions, and in that respect they are like a Ripple wannabe. IMO that is potentially a significant drawback because such muddled messages do not have good track record of breakthroughs.