Cardano as Problem Solving Blockchain by @alihussain07

Cardano is necessarily a cryptocurrency that uses proof of stake. Hoskinson, the founder, intended for cryptocurrencies to experience the three issues of scalability, interoperability, and sustainability. Cardano is a brand-new cryptocurrency that endured more than two years of development before it was released in September 2017. Being based on peer-reviewed publications sets it apart from other cryptocurrency efforts.

Problems related to Cryptocurrency and Bitcoin

The network can only confirm about 5 to 7 transactions per second on the Bitcoin network due to the Bitcoin block size; this is not even comparable to Visa, which can process thousands of transactions per second. When we talk about scalability, then the people who know about Bitcoin they are well aware of this problem. The project owner hoskinson thinks that he just want to speed the things up. His agreement was that when large number of people used the system it should not be slow down. The network must be consistent for its user when they used the Cardano network.

Scalability

So the Cardano uses the concept of epochs. In this division about the system or people takes place about the validation of the blocks in the blockchain. In a more precise way they used the slots and any of present nodes which the computer just formed from the organisation or the people and these organization is considered as a slot leader. And the Cardano system is known as oroboros.

Interpretability

Now towards the 2nd problem is interpretability which is considered as too old problem. Here we can take an example of the wireless network where you have to connect the device with that of router so in this way signal may reach your device. But with an apple which only connect to the apple router so here there would be a problem. Cardano solves this by allowing people to easily bridge Cardano and the cryptocurrencies that uses the other blockchain. The did this by using the kmz side chain protocol.

Sustainability

Another problem is that of sustainability . Now the Cardano or any other cryptocurrency is going to host much of our financial lives that we also need the guarantee that it should remain functional all the time. So it must be sustainable. Sustainable not in a sense of environment although due to its proof of stake mechanism it is sustainable but here we are taking about the sustainability of the system that it should be on all the time so that Improvements and healthy development takes place.

So this problem was solved with the help of establishing the Treasury whose work was to collect the fee and distribute to those who are contributing to system development. So in this way Cardano has become the most sustainable and well improved . And all the problems that are related to cryptocurrency was solved by the Cardano blockchain.