McCann discussed various topics, including corporate adoption and the necessity to end debates on which blockchain is the best.
Cardano Foundation Executive: ‘There is No Best Blockchain at the Moment!
Vice President of Engineering, Cardano Foundation Mel McCann believes that the ongoing debates about the ultimate blockchain should come to an end due to the use cases that determine the most suitable blockchain for specific projects.
According to McCann, blockchain is an important tool in terms of tracking the history of everything, offering numerous potential benefits. He stated, “There are many different ways to use blockchain as proof of origin, as a resource.” Companies have various methods to utilize blockchain for different purposes.
However, McCann pointed out that this doesn’t mean businesses have to completely change their business models. The executive explained that one of their interests is identifying areas that can “enhance” what businesses are already doing, using the capabilities of Web3.
We don’t want to change people’s business models. What we want to do is find ways to improve their business models by leveraging Web3 capabilities.
Mel McCann
From McCann’s statements, it can be understood that instead of comparing the advantages and disadvantages of each blockchain platform, he emphasizes that each has different use cases. He expresses that concepts like “ultimate blockchain” or “best blockchain” are truly dependent on the situation and that there isn’t a single destination.
McCann argues that every business can evaluate the most suitable blockchain according to their own needs and goals. He highlights that each blockchain has different benefits, and businesses should assess these differences to make their choices.
What Can We Learn From an Interview with Cardano Foundation Vice President of Engineering Mel McCann?
The reason for this approach is that blockchain technology has different advantages in various application areas. For example, Ethereum is known as a general-purpose smart contract platform, while Bitcoin is primarily used as a digital currency. Other blockchain platforms also have unique features and can cater to different business requirements.
Cardano Foundation’s Vice President of Engineering McCann emphasizes each business should evaluate which blockchain is most suitable for their needs and goals. This requires considering factors such as performance, security, scalability, and usability of the platforms.
About Cardano
Cardano is a cryptocurrency network and open-source project aiming to operate a public blockchain platform for smart contracts. The native cryptocurrency of Cardano is called ADA. The development of the project is overseen by the Cardano Foundation, based in Zug, Switzerland.
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