Cardano (ADA) versus Ethereum (ETH): Which is better?
Cardano and Ethereum are products of technology. Their respective creators tapped into blockchain to roll out competing platforms offering similar product offerings, with one seeking to improve on the former.
The Cardano versus Ethereum Debate
Novel as their respective objectives are, the inevitable tribalism in crypto (developers and fans are human. Bias is in our DNA), and their unique value propositions that cause never-ending debates on which of the two is better.
Cardano supporters have their reasons. On the other hand, Ethereum “maximalists” would go to any length, swearing their allegiance to Vitalik.
Looking at each blockchain objectively, we pick out the features creating a noticeable divide between the two.
But first, the basics.
Ethereum is the first smart contracting platform that launched operations in 2015. Although Vitalik Buterin is the face of the project, there are six co-founders, including Charles Hoskinson. Ethereum sought to improve on Bitcoin’s shortcomings by introducing programmability.
Cardano is described as a next-gen blockchain that launched in 2017. Leading the ledger’s development from scratch is Charles Hoskinson. At present, the blockchain is still in development. In all, they seek to launch an efficient platform led by research with verifiable financial smart contracts.
Difference between Ethereum and Cardano
If both are smart contracting platforms jostling for the same client base, what then differentiates them?
First, Cardano is still in development and plans to active smart contracting during Goguen—scheduled for mid-September 2021. On the other hand, Ethereum is fully functional, allowing developers to deploy dApps.
Second, Ethereum uses the energy-inefficient Proof-of-Work consensus algorithm for transaction confirmation. Cardano, meanwhile, uses a Proof-of-Stake system where validators are tasked with transaction confirmation. Ethereum, nonetheless, plans to switch to a staking system in the next two years.
Third, Cardano and Ethereum are equally decentralized despite varying consensus methods. Cardano has over 1,000 staking pools. At the same time, there are innumerable Ethereum miners who channel their computing power to mining pools.
Fourth, Cardano’s processing speed is faster than Ethereum without considering off-chain scaling methods. Cardano has a fiscal throughput ranging between 36 and 393 TPS, while Ethereum can process 15 TPS under optimum conditions.
Fifth, Cardano and Ethereum developers aren’t settling. Scaling is a continuous challenge. Ethereum is ahead of the curve with various scaling solutions like Arbitrum, Rollups, and others. Later, Cardano will focus on project Hydra—a layer-2 solution.
As long as Ethereum and Cardano exist, the comparison will go on. Still, the debate is a false dichotomy even if both offer the same value proposition.
The beauty is: Both blockchains are developing, offering solutions to existing challenges.
Considering their level of adoption, ADA and ETH are worthy buys based on what’s on their plates and roadmap.
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