Why Building on Cardano

Like other blockchains, Cardano has several advantages. It is scalable, fast, has low transaction fees that can be paid with the same token sent. Although blockchains like Ethereum have a higher degree of acceptance than Cardano, we trust in the Cardano Blockchain potential to attract developers and new investors which will catapult its adoption in the near future. In addition, Cardano has a layered blockchain architecture that is composed of two main elements, the Cardano Settlement Layer (CSL) and Cardano Computational Layer (CCL), which makes it truly unique. Most of the other existing blockchain platforms only have a single layer, which leads to scalability issues and often causes network congestion, slows down transactions and leads to higher network fees. Ethereum processes approximately 15 transactions per second (TPS). This small amount of TPS makes the network slow and congested within a short time. Cardano on the other hand does not have these scalability issues. Simulations have shown that each “Hydra head” of the Cardano network can currently process about 1,000 transactions per second. This can be combined with 1,000 stacking pools, each of which processes 1,000 TPS. As such Cardano could achieve up to 1 million transactions per second which makes it super-fast at executing transactions at a very low network fee.