Ethereum (ETH) and Cardano (ADA), both have been superior in terms of their performance in the crypto space. Although Ethereum is the second-largest cryptocurrency in the world, Cardano has proved itself to be one of the potential digital currencies, too. Both are very popular as decentralized applications (dApp) platforms. Both of them have a very active community of supporters and developers. Ethereum was founded by Vitalik Buterin, who is very active on social media and updates the enthusiasts on a daily basis. Cardano was founded by Charles Hoskinson, who happens to play a big role in the community enhancement of Cardano.
Ethereum uses the Proof of Work (PoW) Consensus algorithm and is on the transition process to Proof of Stake (PoS), which will be happening very soon. Ethereum’s new PoS algorithm, Casper, is an attempt to get rid of the scalability issue that Ethereum has been facing before. Cardano, on the other hand, uses the Proof of Stake consensus mechanism but uses the Ouroboros algorithm, which works on the basis of “slot leaders” creating and verifying blocks.
The primary programming language for Ethereum is Solidity, which is created to build smart contracts that run on teh Ethereum Virtual Machine (EVM). Cardano uses Haskel and Plutus as its programming language, wherein Haskel has been there since 1990, and its recent stable release happened in 2010. Plutus is a programming language created by the Cardano development team.
Ethereum is trading at $113.63, with a market capitalization of around $12 billion and a circulating supply of 110,147,457 ETH. Cardano is trading at $0.025078, with a market capitalization of around $650 million and a circulating supply of around 25 billion USD.
Cardano (ADA) might reach $0.40 by the end of 2020. You can check the detailed Cardano price prediction here.
Ethereum and Cardano have both proved their worth and are favored by the crypto space. But Ethereum is the second-largest crypto and has the upper hand out there.
We have talked about the major differences between Cardano and Ethereum. Please refer to the article above.
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2018-07-14 12:11:20.425078 | 2 min
2019-02-14 12:31:05.081384 | 2 min