Cardano vs Ethereum | Which One is a Better Investment Option?

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Cardano vs Ethereum | Which One is a Better Investment Option?

Sun Dec 09, 2018 5:07 pm

What is Ethereum?
Ethereum is a blockchain platform created in 2015 by a young developer, Vitalik Buterin, becoming the first ever project to enable smart contract development. Ethereum also allows users to send and receive coins as well as has its own native cryptocurrency Ether (ETH).

The Ethereum network is decentralized, meaning that it is controlled by a single entity, each transaction (including smart contracts) being verified by the community.

Ethereum is the platform that most startup projects launch their tokens for their ICO sale campaign.

What is Cardano?

Just like Ethereum, Cardano is a blockchain project which uses smart contract technology. It was developed in 2015 by the Input Output Hong Kong (IOHK) organization, led by Charles Hoskinson. Charles Hoskinson was also one of Ethereum’s co-founders, leaving the project as he believed he can create a better version of Ethereum blockchain.

While Ethereum is a second generation blockchain, Cardano calls itself a third generation blockchain.

Cardano also has its own cryptocurrency named the ADA coin and has a similar function to ETH, namely to send and receive funds, wallet-to-wallet.



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