Ethereum Vs Cardano: Which Will Drive The Cryptocurrency Market In 2022?
NDTV
Because both networks provide similar services, Cardano and Ethereum are compared
Those who follow the world of cryptocurrencies must have heard of the Cardano vs Ethereum argument. There's a frequent comparison between Cardano (ADA) and Ethereum (ETH) because both networks provide similar services. Both the Ethereum and Cardano blockchains can be used for similar functions, such as running custom programming logic (smart contracts) and creating programmes (decentralised applications). Any blockchain network's core algorithm is used to create blocks and validate transactions. The key difference is that Ethereum's Proof-of-Work blockchain is less flexible than Cardano's Proof-of-Stake Ouroboros consensus method at the present.
In 2015, Ethereum was introduced as a blockchain platform. Ether (FTH) is the platform's cryptocurrency. Cardano was launched in 2017, and ADA is the platform's cryptocurrency.
Ethereum's Proof-of-Work blockchain has a proven track record. To keep the blockchain functioning, miners perform many complex calculations. One Ether is a unit of measurement for the amount of computational power used.
Similarly, Cardano's Ouroboros has a Proof-of-Stake consensus, where miners are substituted by validators. Traditional mining consumes a lot more energy and resources than Proof-of-Stake mining.
