I am a big fan of Cardano, their thorough academic methodology to building a future-proof network is, in my opinion, the correct approach to create a strong and sustainable foundation for the future of blockchain. Below I will list some pros and cons, in my mind, of pursuing full functionality of the Blockzero environment within the Cardano sphere on launch. Keen to hear everyone’s thoughts and concerns.
- Cheap, fast, highly secure and future-proofed transactions. All our tokens/dapps will work as truly envisioned.
- Exposure to an extended community and unlocking extra hodler capital in the form of ADA.
- New possibilities moving forward with access to Plutus and Marlowe smart contracts in addition to Solidity.
- With the Ethereum virtual machine, potentially little would need to be done to migrate, and all could potentially function across both chains smoothly (I am no expert though).
- First mover advantage, to be some of the first established tokens/ dapps on Cardano will provide extra exposure, pioneering in a space.
- Goguen (smart contracts) is still in testing phase, we can get everything ready and working in the playground, but actual mainnet release will be in the future as opposed to right now compared with Optimism or other L2 solutions.
- As early to the game, no doubt there will be unforeseen issues to contend with.
- By focussing resources on Cardano integration, what else might we be missing out on?
- Am not sure about the finer details of token migration/ being enveloped by the Cardano ecosystem. Would cross chain moves be simple and reversible or more complex? Would it require us to split liquidity? I hope not but this might be the case.
- Am yet to come across a mission as ambitious and thorough as Cardano, however there is likely competition in the ‘blockchain 3.0’ space. Polkadot to name an example.
Am sure there is plenty more to consider, look forward to hearing what you guys think. Zachary has a lot to juggle with Blockzero so would be great if we can come to community consensus on scaling solutions to take off some of the load.
In conclusion, I think it would be a better approach, if aiming for long term growth and sustainability to patiently wait until we can integrate with Cardano rather than rush too hastily into a L2 solution that exists right now. Nothing is stopping us doing both, but manpower and community uncertainty should come into consideration. Thanks for reading, XID–ea282.