There’s a lotta blockchains out there, each with their own features and benefits, grants and incubators, advocates and architects. But when it came to building and deploying Revuto, we knew which chain was the right one for us: Cardano.
But why? The answer to that question is part technical, part ideological. Let’s start with the cultural stuff first and then we’ll delve into the tech that makes Cardano tick and will soon power Revuto’s crypto subscription dApp.
Move Slow, Break Nothing
In an industry where “move fast, break things” is a lauded philosophy, Cardano’s slow and steady approach marks it out as a different beast altogether. Despite launching in 2017, it was only this year that the network entered its third development phase, introducing smart contract functionality. Up until now, the focus has been on ensuring network stability and scalability. With this achieved, Cardano is now ready for prime time and is onboarding projects that want to build on its high throughput network.
We’re proud to be the first project to launch on Cardano, and are convinced that its architecture, ecosystem support, and low fee environment make it the ideal fit for Revuto. For crypto-powered subscription payments to work better than fiat, they need to be hosted on a network that boasts near-instant confirmations and that can support high transaction volume without bottlenecks. This all needs to be achieved without compromising on decentralization, the characteristic that makes blockchain so precious in the first place.
From a philosophical perspective, Cardano’s ethos is very much aligned with ours: we’re here for the long haul, and while we can’t wait to bring the Revuto dApp and debit card to market, getting to this point has been a long time in the making.
You can’t rush good code, and you can’t replace the entire subscription industry overnight. The next fortnight will be a flurry of activity in the run-up to the REVU Token Sale, but behind the scenes, we’ll be working as diligently and meticulously as we always have, since the idea of creating a crypto subscription service first germinated.
Why Cardano Is the Best Blockchain in Our Book
Designed from the ground up, Cardano has been verified by an industry-leading combination of engineers and academics in blockchain and cryptography. With a strong focus on sustainability, scalability, and transparency, it aims to deliver an inclusive, fair, and resilient infrastructure for financial and social applications on a global scale, particularly to those people historically without access.
Cardano also supports the creation of native tokens within the ecosystem that can be fungible (like ADA) or non-fungible (like unique NFTs) for payments, rewards, trading, or data purposes in applications, similar to Ethereum’s ERC20 standard. The REVU token will be the first Cardano-native token to be deployed and widely used on the network.
In contrast to single-layer smart contract platforms that result in scalability issues in terms of network congestion, slower transactions, and high fees, Cardano’s unique blockchain architecture consists of two layers: the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL).
The integration of smart contracts represents a leap forward in functionality for the network, adding the ability to build decentralized applications on Cardano for the first time. Cardano has already enabled a multi-currency ledger following its Mary upgrade, allowing defi, NFT, stablecoin, and other crypto projects to issue natively supported tokens on Cardano.
Why Cardano Cuts It
Cardano is the first blockchain project founded on peer-reviewed research and developed through evidence-based methods to build a scalable, interoperable, sustainable, and secure network from scratch. Its multi-layered Proof-of-Stake platform provides a foundation for peer-to-peer transactions, smart contract capabilities, and dApp development that can scale and interoperate with other networks over the long term.
Cardano can flexibly adapt to the demands of increased throughput, keeping fees low via a decentralized infrastructure and governance system that doesn’t compromise on security.
That’s why we’re building on Cardano. It is, hands down, the best blockchain in our book and the ideal home for Revuto.
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