Cardano News

Development on the Cardano blockchain has a lot of exciting prospects lined up for 2022. Some of these are highlighted in a new report published by the analysts at Kraken, a cryptocurrency exchange. While pointing out the massive network growth and key milestones Cardano has reached, the report hyped the proof-of-stake (PoS) blockchain to be emerging as one of the strongest contenders in the Layer 1 blockchain space.

Cardano News

Cardano’s values will be a key factor to place them at the top, says Kraken Intelligence report

In the February edition of the Kraken Intelligence report on the crypto industry, the exchange focused on the biggest proof of stake blockchain in the crypto market. The report, titled “Cardano: A new generation of smart contract platform design,” eulogized the Cardano blockchain for its value-based approach to building its ecosystem.

“Cardano’s values have noticeably directed the project’s developments and design decisions, and as a result, the blockchain looks like it has been designed with the purpose and standards of providing decentralized, global, financial infrastructure rather than only focusing on providing a Web3 experience,” Kraken noted.

To support this, Kraken points out that Cardano is one of the more resilient blockchain networks that emerged from the initial coin offering (ICO) era of the crypto market. Cardano has also continued to deliver on its promised roadmap although sometimes with significant delays. However, when they bring their products to market, the Cardano blockchain has always lived up to expectations as an emphasis on “community governance, academic peer review, and the assurance programming” has always shone through.