Status1Status2Status3Status4Status5Status6Status7Status8Status9Status10

Ethereum vs Cardano

 

Since Bitcoins inception, there have been many other coins that have come into existence. One of the more recent ones is Cardano, created by Charles Hokinson and Jeremy Wood. Ethereum has also risen to prominence in the cryptocurrency community, but what are some differences between these popular currencies? Let’s explore!

 

What is Ethereum?

 

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is based on blockchain technology, a distributed ledger network that allows for secure, transparent and immutable transactions.

 

What is Cardano?

 

Cardano is a decentralized public blockchain and cryptocurrency project. The project aims to build a more advanced and sustainable ecosystem that governments, businesses, and individuals can use. Cardano is the first block chain platform to evolve from a scientific philosophy and an academic approach.

 

Ethereum vs Cardano

 

Ethereum was first launched in 2015, while Cardano was released in 2017. Ethereum is more established than Cardano and has a larger user base and more developers working on it. Ethereum also has a wider range of applications, including smart contracts, payments, and decentralized apps.

 

Cardano is newer than Ethereum, but it promises to be faster, more scalable, and secure. It also uses a unique proof-of-stake algorithm that allows users to earn rewards for participating in the network.

 

We hope this article has made you aware of all the differences between Ethereum and Cardano.