06-15-2023, 06:50 AM
Experts often compare Ethereum and Cardano because they are almost similar. Currently, ETH is world’s second biggest crypto coin and ADA is 8th by market cap. By market cap, ETH is almost 10 times bigger than ADA. In order to surpass Ethereum Market Cap, Cardano will have to gain value by 823 percent and trade at $4. Is that actually possible?
Ethereum has more constrained infrastructure, therefore, it has high operating cost, higher energy consumption and slow transaction speed. Cardano offers the solutions to the issues of Ethereum, however, Cardano development has not very sluggish.
Cardano’s proof-of-stake ouroboros consensus algorithm has better adaptability compared to Ethereums’ proof-of-work blockchian.
After the Alonzo upgrade, Cardano has become compatiablemwith smart contracts, therefore, it is often hailed as Ethereum killer. Soon, it s expected to introduce Vasil hard fork. This upgrade is expected to make Cardano more scalable and boost performance.
But at the moment, reaching its previous all time high of $3.09 is still a far cry.
Ethereum has more constrained infrastructure, therefore, it has high operating cost, higher energy consumption and slow transaction speed. Cardano offers the solutions to the issues of Ethereum, however, Cardano development has not very sluggish.
Cardano’s proof-of-stake ouroboros consensus algorithm has better adaptability compared to Ethereums’ proof-of-work blockchian.
After the Alonzo upgrade, Cardano has become compatiablemwith smart contracts, therefore, it is often hailed as Ethereum killer. Soon, it s expected to introduce Vasil hard fork. This upgrade is expected to make Cardano more scalable and boost performance.
But at the moment, reaching its previous all time high of $3.09 is still a far cry.
