Why ChainCrib Is Building on Cardano

ChainCrib
3 min readJan 31, 2024

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In the ever evolving world of blockchain technology, the choice of blockchain platform to build on is crucial for any project’s success.

For ChainCrib, that choice was clear: Cardano!

But Why Cardano?

That’s the question we get ever since we announced Chaincrib through this introductory post.

Especially when other blockchains like Ethereum & Solana are available?

The answer is fairly simple

Cardano is not just another blockchain; it’s a pioneering platform built on a foundation of peer-reviewed research and developed through evidence-based methods.

This approach has established Cardano as a robust, scalable, and energy-efficient blockchain, setting it apart from others like Bitcoin, which rely on the more energy-intensive proof-of-work (PoW) system.

Cardano’s proof-of-stake (PoS) system allows users to participate in the network more efficiently, without the need for heavy and energy-intensive equipment.

This aligns perfectly with ChainCrib’s vision of creating an eco-friendly and accessible platform for real estate investment.

The ethos of Cardano’s development — “measure twice, cut once” — resonates with our approach at ChainCrib.

We at chaincrib appreciate the deliberate and methodical progress of Cardano, which, despite being launched in 2017 and introduced smart contract functionality through the Alonzo Hardfork in 2021.

This careful progress has resulted in a robust platform that is now ready for ambitious projects like ours.

Cardano’s growing total value locked (TVL) sitting at over $350 million is a testament to its rising prominence in the blockchain space.

Why We Decided To Build Chaincrib On Cardano?

ChainCrib’s decision to build on Cardano was influenced by several of Cardano’s unique features and strengths:

  • Foundation: Cardano’s commitment to a research-first approach and a foundation built on peer-reviewed academic papers ensures its long-term viability and robustness.
  • Sustainability: The energy-efficient PoS system of Cardano aligns with ChainCrib’s commitment to eco-friendly practices.
  • Upgradability: Cardano’s elegant approach to updates allows the platform to evolve without splitting the community.
  • Economic Model: The extended UTXO model of Cardano ensures predictable transaction costs, an advantage over Ethereum’s fluctuating gas fees.
  • Smart Contracts: The introduction of Plutus & Aiken has made Cardano a robust platform for complex dApps, aligning with ChainCrib’s technical requirements.
  • Decentralization and Global Outreach: Cardano’s focus on true decentralization and financial inclusion in underserved regions mirrors ChainCrib’s vision of an inclusive digital future.
  • Interoperability: Cardano’s pursuit to interoperate with other systems promises a more connected blockchain ecosystem.

While Ethereum and Solana offer their advantages, such as first-mover benefit and high-speed transactions, respectively, Cardano’s holistic approach aligns seamlessly with ChainCrib’s long-term goals and vision for the future.

In conclusion, Cardano stands out as an ideal platform for ChainCrib, combining sustainability, scalability, and transparency. It’s uniquely positioned to support our mission of revolutionizing real estate investment.

With Cardano, ChainCrib is set to deliver a sustainable, fair, and resilient infrastructure for financial and social applications on a global scale.

Follow our journey as we build on Cardano, bringing innovative real estate solutions to the blockchain world.

Visit Chaincrib Website: https://chaincrib.com/

Follow Chaincrib on X / Twitter: https://twitter.com/chaincrib

Follow Chaincrib on Instagram: https://www.instagram.com/chaincrib/

Join Chaincrib’s Telegram Group: https://t.me/chaincrib

Contact Us: Info@chaincrib.com

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ChainCrib

Revolutionising the Real Estate sector by democratising access to global Real Estate ownership through Fractional Ownership as NFTs on the Blockchain.