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How to turn my MAV into cash or other assets?
Cardano vs. Ethereum, which one is more decentralized? Let's dig in...
Comparing the decentralization of Cardano and Ethereum
The question is not how far down will your crypto go, but will it recover and thrive
The need for security and decentralization: Thank you bear for showing us the truth
New NFT project , play to win competitive card game
New NFT project , play to win competitive card game
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Glad to see this thread. Aside from the topics mentioned, some of the best analysis about shortcomings and room for improvement, imo, are here: Missing Coinbase/CEX pool groups. Community tools reporting MAV have an estimate of 30 or 32 https://x.com/cerkoryn/status/1763789219812577601 Adding additional chains and more pools https://x.com/cerkoryn/status/1764076807769231546 This analysis commended by Tim Harrison from IOG > Thanks for digging in and providing valuable input here. The EDI is a work in progress and will only get better with further contributions like yours. IOG is initially sponsoring the EDI, but independence & lack of bias is core to its mission. If you're not already in touch with the EDI team, LMK & I'll happily connect you.👍 Sauce: https://x.com/timbharrison/status/1764269725549273294
Try something new and shiny as they like to say, in a trendy narrative and with a Marketcap below 300M. For example SHRAP, HXD, SENATE, INSP, ONDO, MAV, PENDLE🤔
Big fan of World Mobile and the work they are doing. The Pakistan partnership is delivering well and MAV100 is a great example of more localised partnerships. I can’t wait to see the results when OPAN goes live. Let’s not forget that the team have the Godfather of telco advising with Manoj Kohli. I expecting pace of roll out to really pick up in 2024.
In principle yes. The more centralized you are the less friction there is. But you are more at risk from attacks. This can be measured in MAV. Say you have just three entities that do all mining or validating (1/3 each), then your MAV is 2 because if you successfully attack 2 entities, you have more than 50% hashing power / stake and are in full control of the chain. If you conversely need to attack, say 20 different entities to gain more than 50% block production rights, then you are pretty decentralized and secure. Attack in this context can also mean collusion: 2 entities deciding to use their combined block production power to control the chain. Now it’s relatively easy to find out who the big miners and validators are and how many would need to collude to control the chain. Surprisingly by that measure, Bitcoin and Ethereum - by far the largest blockchains by mcap - have lower MAVs than many smaller chains. (It’s easy to find out for the big chains, just google it) It’s debatable if there should be other types of MAV like for example, number of developers, number of different software implementations of miners/validators etc. But in any case, it’s better than „trust me bro“.
Come on - instead of just throwing shade out, use the proper metrics: decentralization is measured in MAV (minimum attack vector). We can discuss what exactly that should include, but there are plenty of comparisons out there if you care to look for them and neither eth nor btc for that matter are looking good on that scale. If you want an earnest discussion it’s best to put some numbers on the table or you will just get worthless „trust me bro“ drivel and _that_ will do nothing but confirm your bias.
Isn't that just a governance token & yield reward token for some random DEX whose vesting schedule has it releasing like 9 times the current supply over the next few years? What could possibly be the bull case for a token that exists entirely to be printed to reward yield farmers and the team? It's not like it has utility; it's not used as gas, it is not native to any chain, it's just one more liquidity mining token that is printed continuously to attract liquidity providers from the dozens of competing DEXes. Even just glancing at DefiLlama, you can see that of the 1.75 billion MAV they intend to print over the next 7 years, 24% goes straight to the team, 24% to airdrops and liquidity rewards, 7% for their treasury, 5% for "advisors", 14% for "public goods fund", and 24% to "investors", which presumably means their VC backers. I just can't understand why people buy these kinds of things. I guarantee you the people earning it through yield farming are not buying it, they are selling it the second it hits their wallet like all yield incentive tokens.
I'm spying MAV (Maverick) I might buy a few but I'm not touching leverage/futures for it
I got introduced recently about leverage and futures and I was wondering what do you guys think of these coins in general LEVER (LeverFi) and MAV (Maverick) ? I use Maverick for Zksync transactions and they're hot as F right now
Hey guys, right from binance —> Binance has completed the integration of Maverick Protocol (MAV) on the zkSync Era network. Deposits and withdrawals for the token on the aforementioned network are now open.
I mean, usually these dust coins are losing value much faster than BNB for example. Farmed some MAV, for example from the LaunchPool. Think it's lost like 50% after that. And it was like a month ago.
Uniswap for ARB or OP, pancakeswap for BSC, Kyber/Syncswap/MAV for ZKS and occasionally SUSHI or WOO.fi for cross chain swaps.
I agree. I have a small amount of BNB left on Binance and got an even smaller amount of MAV because of it. I'm not interested much in the project & and am just waiting for the daily distribution to finish sometime early next month before trading out of it in one go.
Maverick Protocol (MAV) started trading today. It's currently MC rank 200.
Binance announced it will list Maverick Protocol ($MAV) and open trading for MAV/BTC, MAV/USDT and MAV/TUSD trading pairs at 8am UTC on June 28th. Users will have zero maker fees on the MAV/TUSD trading pair until further notice. Maverick Protocol is a composable DEX which aims to achieve high capital efficiency. It's live on the Ethereum mainnet, zkSync Era and BNB Chain.
Does anyone here know anything about Maverick Protocol (MAV)? It currently is being distributed to my Binance account, does not have a value yet & and cannot be traded or subscribed to an earn program on the platform. First research says it is a decentralized exchange with a very limited number of trading pairs. Who knows more? Thank you.
With binance gone, staking protocols are getting more decentralised, as Binance takes users funds and stakes their coins in pools controlled by them. Cardano went from a Mav of 22 before Binance exited staking to 36. Binance however for some reason have started back up again, and now Cardano's MAV is down to 33. So yer, the less of these huge exchanges the better. Hopefully one day the common way to get into blockchain will be via Tether/Others or a decentralised version. I.e Fiat -> USDT/other on blockchain. Not on an exchange.
Good effort by the OP but there are some core omissions and misrepresentations in some of the statements provided as fact. I'm at work so I'll just provide a couple snippets Decentralization - The MAV in pool count is much higher compared to chains like btc and eth Fee Markets - for prioritization, tiered levels of fees are being introduced but not a full market which has its disadvantages. Front running being a major one. Slashing - the way Ourobouros is designed makes it far more resistant to the "nothing at stake" problem unlike ethereum Overall it feels like the critique is coming from an eth based paradigm which is fine, but not necessarily objective imo. Particularly with the section on being untested - that is 100% not the model Cardano aims to replicate. The approach is a measure twice cut once philosophy as opposed to an empirical "break things until it doesn't break" method.
Well, Ethereum has 3x more validators than Cardano, but the Nakamoto coefficient for #Cardano is MAV of 24, while Nakamoto coefficient for #Ethereum is a MAV of 3. So, yeah, it has more validators, but yeah, due to the design and implementation of the Ethereum PoS algorithm, Ethereum is still 8x less secure.
>Volatility has not went down significantly over the past 10 years. Bitcoin is 14 years old. It's absurd to claim that anything can "mature" further. It's a store of value tech, 14 years is is very little for siuch a thing, and the volatility already decreased a lot in those 14 years... Bears: -93% -> -86% -> -84% -> -77% Bulls: +308000% -> +56000% -> +12000% -> +2000% ...and it should continue to as it gets even older. >The majority and thus the entire Bitcoin network is dictated by just 2 mining pools. Those with access to cheapest power can decide the fate of it. How the heck is this supposed to be better than democratically elected governments? The banks don't control central banks. Bitcoin had the good idea but i agree it's failing on MAV: 2-3 and has been droppoing. You could find better examples on other chains, like cardano with about 35 and rising. >A shift from Fiat to Bitcoin even in just one major country would vastly raise shift purchasing power wealth to early gamblers who hold onto their casino coins. The price would grow exponentially solely by back-forth-trades with a fraction of the coins. Are you telling me their local exchanging would be completely disconned from the big global market, not even anyone equalizing though arbitrage?
>By increasing the blocksize your are decreasing dead time because it takes longer to compute larger blocks. I don't think you know what dead time is, because that's not true. Dead time is the 15 second period after diffusion time, which is 5 seconds (the two make up the 20 second block time). Diffusion time is the 5 second period that blocks have to be propagated to 95% of the network (ie, it's the max time a block has to be propagated). Propagation time is the *actual* time it takes for blocks to be propagated to 95% of the network (but again, this time must be no longer than the diffusion time). They could do the 10x block size increase, and it *would* increase the propagation time, but it *wouldn't* decrease the dead time, as the diffusion time would still be 5 seconds. The only way to decrease dead time would be to increase diffusion time and/or decrease overall block time; presumably, they would both be lowered with IE. >Instead of processing an 88kb block and waiting 20 secs, you would spend the 20 secs building a 8800kb block. But the nodes wouldn't have time to validate the block body, which is why the dead time exists. 8800kb wouldn't even be possible in 20 seconds, either. The max size a block could be is ~900kb last time I checked, and that would have a propagation time of 5 seconds (which is the diffusion time). Even if they removed the diffusion time so block propagation didn't have a limit of 5 seconds, you would be looking at a max size of ~3600kb. A 8800kb block would require raising the block time, which would obviously cancel out the bonus of raising the block size. >Like better spam resistance I don't know about that. Right now, someone could spam the network by making a few hundred simple transactions every 20 seconds, and it would only cost them about 60 ADA each time to do so. If the block size was increased, it would be more expensive. >the fact that large parallel blocks increase supply capacity but don't increase speed during low demand. If by "increase supply capacity" you mean blockchain size, then I think that depends on how full the block size. Assuming the blocks are filled, then definitely, which is why I imagine they're looking at reducing block time (but of course they would have to address the awfully long finality as well). >And the larger size increases the probability of conflicting txs invalidating a parallel block, and also the cost of a block failure I don't know what you mean by the first part, but as for block failure, I'm not sure how often blocks fail in Cardano. I would think the only times a block would fail is if the propagation time is too long, or if the network goes down again. >So I may have misspoke, but that was not an important part of the point I was making. I know, but it's still something I wanted to correct. >I think there is a 0% chance that Charles wouldn't do a costless 10x upgrade and plaster it all over Twitter and YT. Not really much to say here besides I agree. Charles is known for hype and promises, and his cult eats it. I'm glad I'm seeing more and more of us in the community calling out his BS. >I think he knows there will be community backlash when they see the new hardware requirements if they change parameters. Of course, though I would assume it depends on how much the increase is by, with a bigger requirement causing more complaints by SPOs who don't meet them compared to other SPOs who do. >Everyone wants to make their chain look more decentralized. I don't know about that. Especially for Cardano. There's centralization that people overlook, even if they want a higher MAV. >their MAV is higher than Cardano's. I know Lido alone has more nodes than Cardano's MAV. IIRC though, Lido nodes are permissioned, and I don't know if those node operators are actually independent. I believe Lido's smart contracts are upgradable IIRC. I don't know about MAV (both chains are kinda vague), but Ethereum has multiple node clients, no genesis keys, and an increasing number of block producers, so it is definitely more decentralized than Cardano. >For a chain that markets itself as more decentralized, Cardano has a relatively low MAV. Agreed, which is why I've said before Cardano's MAV looks good against chains like Polygon or BNB, but not good against Polkadot (which has a MAV of like 80 if I remember).
>would help with getting nodes utilize the "dead time" that takes place after the diffusion time is up By increasing the blocksize your are decreasing dead time because it takes longer to compute larger blocks. Instead of processing an 88kb block and waiting 20 secs, you would spend the 20 secs building a 8800kb block. There likely are nonlinear effects on hardware demands. There are other reasons to prefer small blocks. Like better spam resistance or the fact that large parallel blocks increase supply capacity but don't increase speed during low demand. And the larger size increases the probability of conflicting txs invalidating a parallel block, and also the cost of a block failure, because they each contain more txs. But it all kind of depends on the exact nature of the propagation bottleneck... So I may have misspoke, but that was not an important part of the point I was making. >I don't agree with saying that Charles "doesn't want to increase parameters because I think there is a 0% chance that Charles wouldn't do a costless 10x upgrade and plaster it all over Twitter and YT. Nobody knows what they can do until they do it. Charles said EILE was going great on testnet and only "a few months" away from mainnet five years ago. An IOHK 360 video said that a Uniswap fork worked "perfectly" on their private testnet a couple months before the public testnet revealed that was a lie. They have a great development team, but their leadership is untrustworthy, and has a long track record of promising things they can't do. I think he knows there will be community backlash when they see the new hardware requirements if they change parameters. He knows he can coast where he is. He knows that most Cardano users are obviously not paying attention. Just look at how often people repeat his false decentralization claims and bogus metrics. Cardano owners are shocked and don't even believe it when you correct the claim. There's no reason for him to increase parameters yet. Nobody is repeating sundaeswap. He might as well wait as long as he can. >since a node can have run multiple validators, We're on the same page. But think about the incentives. Everyone wants to make their chain look more decentralized. That's a universal incentive that exists. But Cardano is the only chain most people are comparing MAVs for that actually does not have any counter incentive. Ethereum's staking is a disaster right now, and has some of the same problems with the metric, but it is significantly more costly to run multiple validators on Eth and their MAV is higher than Cardano's. Also Eth has slashing, so that makes it much harder to attack. But yeah, Eth's staking has the same measurement problem, and MAV is a maximum. And a lot of people simply aren't willing to stake Eth until there is a way to unlock. Ethereum is their best comparison, but Cardano isn't realistically competing with Ethereum. On other chains there are probably very few people willing to pay thousands of dollars extra to increase the MAV by 1. The game theory doesn't benefit the individual who does it. For a chain that markets itself as more decentralized, Cardano has a relatively low MAV. I certainly don't think Cardano's MAV is any less gamed than others.
>Unless I'm missing something IE could equally increase blocksize or decrease blocktime. Either parameter creates the same scenario. You originally said "all they will do is increase theoretical blocksize limits" when talking about IE. That is the statement I'm correcting; block time and adding two new blocks (as well as including things like tiered fees and separating consensus from txs) are the bigger changes (block size increasing is the smallest). Besides, I don't see how a 100x block size increase (instead of a 100x block time decrease like demonstrated) would help with getting nodes utilize the "dead time" that takes place after the diffusion time is up; the node producing the block would use more resources of course, but the whole point is to get more nodes involved in block production (not considering stake). >Well, right now there are likely real stability risks for any significant increases. Fair, anything over a 10x increase would be hectic (last time a checked). >But centralization, and more importantly, the appearance of centralization is a guaranteed problem. 1/3 of SPOs producing blocks, SPOs retiring due to an ineffective staking model, only having one client for nodes, and the founding entities have the genesis keys are (the appearance of) centralization. Increases parameters would definitely *hasten* centralization, but it is happening regardless. I don't agree with saying that Charles "doesn't want to increase parameters because it will further reduce the decentralization of the network by requiring better hardware for validators", because the network isn't decentralized (and considering he's in charge of the company developing the project, all of the further centralization that is currently happening is on him, and since he doesn't care about that, he wouldn't care about increasing parameters). IOG hasn't bothered to do any block changes since early 2022, even after pipelining was introduced (and the whole point of pipelining was to reduce block propagation time, which would mean a further block size increases without going over diffusion time). Assuming the data I saw last still stands, there could be a \~10x in block size increases (and I don't see how minimum hardware requirements would change since current hardware is good enough to propagate blocks 10x lower than the diffusion time, if the data I saw was accurate). If they haven't bothered to do a harmless 10x block size increase (which would at least get it up to Ethereum L1, not that that's good...), they're either focused on other stuff (like sidechains) or completely abandoned block size increases (probably realizing IE would be much more capable for L1 throughput, even if they have to talk about node requirements that would be more than a 10x+ block size increase). >Well, conceptually, it's one of the most important metrics of decentralization. And on most chains the MAV number is more reliable. I was referring to stake/hashrate by independent parties (obviously more independent parties included in 51% or 66% = more decentralization). I was really thinking about someone could have multiple miners go to different pools, or how Ethereum validator count isn't the best metric of independent stake distribution since a node can have run multiple validators, and even multiple nodes can be ran by the same person/entity. I haven't studied other chains' distribution, but I still feel like when it comes to any chain, you'd damn near need KYC to see if the validator/operator owners that take up 51%/66% of the network are *truly* independent people/parties (and even if they are independent on paper, who's to say they aren't associated? Not trying to be conspiratorial, just being realistic).
> I was simply correcting you when you said Input Endorsers was just about increasing block size. Unless I'm missing something IE could equally increase blocksize or decrease blocktime. >Such as? Well, right now there are likely real stability risks for any significant increases. But centralization, and more importantly, the appearance of centralization is a guaranteed problem. Doubling hardware (and energy) requirements could greatly reduce the total pool count and have no major effect on throughput in absolute terms, which needs nearly an order of magnitude improvement to catch up with the next lowest throughput chain, and two orders of magnitude to realistically compete with most other options. Basically, Cardano's design is less efficient than every other L1, so whenever they raise parameters, they will always be more centralized than other chains would be for the same performance. So the smartest thing he can do is keep parameters low, so as to not highlight this reality. All the people that have judged Cardano as too underperformant have already left. It would be foolish to try to appease them now and risk losing more people over centralization. >Yeah, that's why I think things like MAV aren't the best metric for stake/hashrate distribution. Well, conceptually, it's one of the most important metrics of decentralization. And on most chains the MAV number is more reliable. Nobody has enough incentive to pay to run multiple hidden pools on most other networks because they don't have saturation limits and because it is actually expensive to do it. On Cardano it is required, so the incentive actually favors not disclosing that you run multiple pools. Coinbase only runs 1 validator on most networks. But that's the whole point. Saturation limits have no effect on centralization. They are only designed to hide it.
>Doesn't do any good to talk about parameter changes without discussing the decentralization trade off. Of course. I was simply correcting you when you said Input Endorsers was just about increasing block size. >He knows raising parameters will create other problems. Such as? >And that's a maximum. We'll never know how many are controlled by the same person. Yeah, that's why I think things like MAV aren't the best metric for stake/hashrate distribution. >LN exists. Fair enough. A Hydra Head is on mainnet, but it's not a full scale release.
There are 7 multisig keys that the 3 Cardano founding entities control. I don't think anyone knows for certain (besides said entities of course), especially since I saw delegation key transactions in July last year. It doesn't really matter though, since the keys should be in the possession of the community; which is planned to happen in Voltaire. MAV is currently 23, which is lower than it was before. There are a few CIPS to help bring it up, but unfortunately they have been postponed for now, presumably until Voltaire. Most Cardano protocols are closed source, but I think you can reverse engineer them to look at the UPLC; I'll have to see if it is possible once I learn more about Cardano smart contracts. As for wallets, the only Cardano-specific wallets I know are closed source are Eternl and Gero; Nami, Yoroi, Adalite, and Daedalus fully open source. Flint and Typhon have their backend open source, but if you worry about a malicious front end, you can just use a hardware wallet (perhaps you can use them with the close source ones too without any potential malicious behavior, but I'm not too sure).
Appreciate the answer. ​ 1) ...if there is a function build-in, which allows to surpass other decentralization mechanisms, I am not a fan of it and don't consider it truly decentralized - Which function specifically are you talking about? I assume the fact that IOG controls the keys to update the protocol. To answer that - it doesn't surpass other decentralized mechanism such as the fact that majority of SPOs need ot upgrade to the newest version of the node in order for the upgrade to take place. Still, key ownership needs to be decentralized - agree. ​ 2) Governance will need a fairly decentralized coin ownership, and the PoS performing really well. -- Don't want to search for it rn, but I believe Cardano has one of the best distribution of base asset among all blockchains. ​ 3) If you followed the recent events, you can see that they consider to make the entire staking process permissioned -- That's outright false. The only thing that was suggested is "contingent staking", which will allow SPOs to arbitrarily accept or decline delegation from any wallet. And there are lots of reasons outside of regulation on why one might want it. I'm for example Ukrainian. If I were SPO, I wouldn't want a dime from russians. I'm not willing to partner with them to produce blocks on the blockchain. As of now, there's no way for me to deny delegation from them. Also, if this change is to be implemented, it'll be only done after proper discussions within the CIP framework & I understood it'll be done only after MBO is in place. ​ 4) Moreover, there is a certain degree of centralization among stake pools, and it looks like they get more centralized over time. I count them in terms of entities behind nodes, not the actual nodes -- Yeah, we (Cardano) are not dumb, nor dishonest. So it's the only way we track MAV (Nakomoto coef). You can see the stats for here: [https://balanceanalytics.io/dashboards/insights/](https://balanceanalytics.io/dashboards/insights/) (wait a bit, takes time to load). You can see it's not declining. ​ 5) Another problem - whales have a higher APY if they run a pool compared to small delegators -- Yes, the difference in APY is 1-1.5%, so let's not pretend here like it's "another problem". Can it be improved? I hope so. We have CIP-50 for this one. Work in progress. ​ 6) The current model resulted in kind of Proof of Popularity and rich getting richer. -- Demagogy. MAV value is best among all peers & it's stable \~20. ​ 7) I just think their current delegated PoS model isn't a good model to build a governance on. - Fine with me. We'll try our thing - maybe we succeed, maybe fail.
No, an actual base layer with non-censorable native tokens and actual liquid self-custodial staking with an MAV of >3 and a non-global state ledger architecture friendly to compression/network stack scaling with an economic model structure conducive to allowing people to leverage that base layer for customizable sidechains with the VM of their choice to fit their project's needs. None of that can be said of Ethereum L1.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
1) There are different dimensions of decentralization. I'm meant decentralization in block production. It's the best out there with MAV = 20. 2) True, keys are in the hand of IOG + CF (basically IOG only). So that's a problem & it needs to be addressed. It will be addressed with the creation of MBO as the first step. Also on this point, if you track Cardano closely, you will recall that latest Vasil upgrade included more CIPs from the community then IOG. Don't think many blockchains achieved this level of decentralization in dev. Similarly, you will recall that lots of SPOs opposed node upgrade to Vasil's version when Charles said to upgrade. And the upgrade was effectively postponed. Another dimension of decentralization. 3) "Due to certain design choices they will have issues to roll out on chain governance." - Pls tell me more.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
All live dApps: dappsoncardano.com All NFT projects: cnft.tools +most decentralized blockchain in terms of block production (MAV=20)
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
Based on previous protocol implementation (SigmaUSD) that survived attacks it has good chance to hold its peg. But I really dislike their minimum requirements to mint and burn (spend 5k USD of GTFO). I understand they want to prioritize big players and prevent bottlenecks, but it still does bit sit right with me. Their decision to use large multipool operator (Wave) is also bad for Cardano decentralization bringing MAV down further.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
I think the MAV of solana is up to 31 now but I personally wish the token holder distribution on solana was much better. I think cardano’s general distribution is very impressive.
Cardano is more decentralised than both Ethereum and Solana. Solanas supposed independent validators were largely seed funded by the Solana Foundation. Ethereum has a MAV of 3, maybe 6 if you are generous. Cardano has a MAV of 22-23, no VC or centralised funding of node operators.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
ITT paid Cardano shill quotes some cherry picked statistics to try and lighten their heavy bags eg “Cardano has a MAV of 24 Ethereum is 3 THEREFORE CARDANO IS 8 times more decentralised” Also conveniently forgets to mention less than 1000 Cardano nodes ever validate a block in an epoch. Also conveniently forgets to mention 13% of Ethereum is more than 100% of Cardano. Also forgets to mention that Cardano can only run at less than 1 smart contract transaction per second (possibly up to 2 with Plutus v2) with its current validation system and to run something like Atala Prism you have to run your own centralised node. Why are Cardano shills so obsessed with Ethereum?
Well, if it's well done, informative and you can learn something () to DYOR later) then nothing wrong with that. TIL about Nakamoto coefficient (MAV).
Cardano having a 71% staking ratio versus Ethereum having a 13%, while a fact, is cherry picking a bit. Ethereum has far more users and uses at this point in time than Cardano (opensea is a prime example). So with more ETH being consumed for gas fees, buying nfts among the other uses its understandable that less is locked up. Throw in the fact that you can't unstake your ETH until the upgrade is complete and that will also deter staking for some. The MAV number is an interesting point. I wonder if when additional eth gets staked if this becomes a larger problem as people will flock to trusted nodes or get better as more nodes develop
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
Bitcoin is definitely not the most decentralized, when 30%+ of the hash-rate is owned by one entity. Also, it has a a very low MAV. It's also stable cause it does too little. You can't do nothing with Bitcoin other than storing it or sending it between addresses. Blockchains are much more than that.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
It’s well designed from the ground up. For example while eth must use smart contracts for each and every token, on Cardano tokens are just native assets and you send them around like ADA or ETH. Plenty of other things: hardfork combinator allows hard forks to coexist with older versions, so upgrades are much smoother. Fees are deterministic, so users don’t have to compete against whales with gas. There are no stuck transactions, in fact it’s possible to send many transactions from a single wallet in parallel, you can also transfer from/too hundreds of wallets in a single transaction (without having to use any smart contracts). It’s improving constantly - the last hardfork sped up transactions noticeably, often to the point where browser caching is slower than the transaction. Lots of interesting developments coming up: mithril - kinda like BitTorrent but for wallets, so you are independent from wallet software VCs; hydra - something like a rollup but with tight chain integration… A also much smoother user experience on dEXes. And I like that they are careful and methodical. It’s also very decentralized - MAV somewhere around 25, that’s a lot better than most other chains. Good tokenomics with reasonable inflation, fixed supply (kinda like BTC but much longer tail) and without majority holders that could rugpull you. Lots of eth Wales here that are simply talking down the new chains, they perceive could be contenders. There was a comment above “as long as Cardano’s TVL is low, I’m sleeping well” - says it all. Of course they will talk about all kinds of technical reasons - that’s just human, you make a gut decision that you think is good for you, then after the fact you find reasons to justify it. Don’t listen - not even to me! - read and learn, take a step back and make your decisions.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##Cardano Pros > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano's design is much better than Bitcoin's, but that isn't saying much since nearly every new crypto network is much better than Bitcoin in terms of efficiency and scalability.** > > ###General > > * Despite being a Nakamoto-consensus network, Cardano uses a Proof of Stake protocol (Ouroboros) that uses much less energy than Proof of Work crypto networks. > * Cardano Transactions fees are currently about $0.15 - 0.50 USD as of [Jun 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$1-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > > ###Security > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.). For all practical purposes, both of these networks have high security and are unlikely to be successfully attacked. > > ###Staking > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. They can also add and remove their coins within a couple of days without a long minimum withdrawal period. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > ###Smart Contracts > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > * Cardano's eUXTO model is resistant against MEV like front-running and sandwich attacks. > > ###Can do Batch Transactions > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvst/top_coins_cardano_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
What're your measures of decentralization/security then? Because I doubt the details support your unstated premise that Bitcoin is "more decentralized/secure" whether it's token supply allocation, block producing actors and MAV, barrier to entry issues with hardware requirements, or even the history of hacks like CVE-2010.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
Isn't Bitcoins MAV like 3-4? Cardano's is approx 22.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
Locked staking, centralized liquid "staking", no withdrawals, slashing, penalties, token burns, OFAC censoring relays, MAV=3, centralized block building, public leader schedule, unstake queues, unstake wait periods, and a roadmap that keeps adding band-aids. But yeah sure, stake it.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
#Cardano Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ###**Background** > > It has been half a year for Cardano ever since the Alonzo (smart contract) release, which revealed that it's very difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development. I'm still following the Cardano subreddit, and I think it's better now since its members are much less cultish/bullish than before. > > On the [Cardano development roadmap](https://roadmap.cardano.org/en/), there's only scaling (Basho) and governance (Voltaire) left, and Cardano's followers are much less excited about those updates as they were for the smart contracts. > > ###**Cardano Pros** > > **General**: > > * Uses a Proof of Stake consensus (Ouroboros), so it uses less energy than PoW coins. > * Cardano Transactions fees are currently about $0.40 - 0.50 USD as of [Mar 2022](https://messari.io/asset/cardano/chart/txn-fee-avg), and it's been around this range for a year now. They are cheaper than BTC transaction fees of [$2-4 USD](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y) and much cheaper than basic Ethereum transaction fees of $2-15 USD (depending on whether it's native Ethereum or ERC-20). > * ADA's current transaction speed is about 8 TPS (excluding smart contracts, which currently are causing major congestion), which can [scale to 257 TPS](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-cardano) without any major updates. Top scaling is expected to be [1000 TPS](https://cardanians-io.medium.com/hydra-cardano-scalability-solution-36b05ddc91cf) without Hydra Layer 2 scaling with major updates, but only the future will tell. > > **Security** > > * Cardano's Ouroboros is a bit different than most Proof of Stake blockchains in that it uses Nakamoto consensus instead of Byzantine Fault Tolerance (BFT), so it's more similar to Bitcoin than the Ethereum PoS beacon chain in that aspect. As of Feb 2021, the Minimum Attack Vector (MAV) for Cardano currently requires collusion between 29 different staking pools. In terms of this metric, that's way more secure than Bitcoin, which requires collusion between 5-7 mining pools. (Of course, that's assuming these pools are not secretly run by the same entities.) > > **Staking**: > > * Its Yoroi hot wallet is super easy to use and has DPoS staking built-in. I find its design much more intuitive to use than Metamask for Ethereum. Staking is [non-custodial](https://staking.staked.us/cardano-staking), so stakers don't have to worry about handing over their coins to a centralized platform like with ETH 2.0. Governance is also directly given to stakers instead of pools, leading to higher decentralization. > * US Chair of the SEC, Gary Gensler, said [in Sept 2021](https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/) that he may go after staking platforms. This could limit centralized ETH 2.0 staking but not decentralized DPoS systems like Cardano's staking. > * There is no punishing slashing on staking, so it's safer for risk-adverse stakers. Instead, bad nodes receive reduced rewards (the downside is that there are more bad staking pools). Also, staking reward decreases when the pool size increases, so there is an incentive to join smaller pools, leading to more decentralization despite the DPoS model. > > **Smart Contracts**: > > * The Smart Contract in Alonzo (Plutus) [is deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/) in the sense that its fees are known ahead of time unlike in Ethereum. > * Plutus smart contract can also be simulated ahead of time, giving better estimates than Solidity. You'll know whether it'll succeed or fail before making the transaction. It is also easier to check for security flaws. > * Cardano supports [native tokens](https://developers.cardano.org/docs/native-tokens/) without the need for smart contracts. This avoids the high $20+ gas fees when transferring or swapping ERC-20 token. > * Swaps generally take anywhere between 30 seconds to a couple of minutes, which is lot faster than most Ethereum swaps, which can take an hour. (People still complain about congestion though.) > > **Simple to do Batch Transactions**: > > * Cardano uses eUXTO transactions, so it's easy to batch [Multi-to-multi transfers](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) and [bundled transactions](https://adapools.org/transactions/8391e6df99d8c08a316f88461a7858ecd3173a69f916a03a47fa10420f5bedbd) with dozens of inputs and outputs. The fee for each of these was under one USD. In comparison, [here's a transaction](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) on the Ethereum blockchain with similar numbers of inputs and outputs that's currently $5500 in USD in fees (though it was a whopping $23k at the time of transaction). > > > Disclosure: I own a tiny bit of ADA. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mfx/top_10_cardano_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds.
It wont really work like that, its the centralized MAV bots that create the outsized rewards and enact the censorship. The fee market will be driven up further by censorship transactions increasing their gas fees to try and get on-chain, which will make gas more expensive for all users. MAV will mean its better for miners to have 99% censorship, because thats what benefits them most. Ethereum just has a fundamentally poor design in this area with a two tier system and a fee market that creates mis-aligned incentives and sets user groups against each other.
It’s not that the eth MAV is that much larger unfortunately. There are just a couple of groups controlling half the chain (3? 4?), compared to Binances 1. I think BTC is a bit better with 4 or 5. However compare with Cardano where MAV is ~25, with the biggest single entity (Binance) controlling only around 10% - that’s a big difference in decentralization!
Your validator count metric is a bit of a weird thing to measure, why did you not go for something like MAV?