Ethereum is a leading platform for ICOs and the second most significant virtual currency on the market at the moment. Recently speaking, Cardano has been making steps in trying to take over the cryptocurrency ladder.
Cardano and the science behind it
A layered architecture is used by both Ethereum and Cardano to focus on security. Cardano struggles to be the runner-up in the blockchain project as well as trying to build itself on peer-reviewed theoretical research and develop from a consistent philosophy.
What Cardano enables is receiving and sending virtual coinage, and it also is home to the Ada virtual currency.
Cardano (ADA) is not just a virtual currency; it is an innovative platform good for running monetary apps in the current world that is utilized by associations, individuals, and governments all around the world every day.
Charles Hoskinson is the co-founder of Ethereum and the founder of Cardano, and his goal is to provide a more sustainable and balanced environment for virtual currencies.
Advantages Cardano (ADA) has over Ethereum
- Has a two-layer network system: comes with the two-layer system namely the Cardano Computer layer (CCL) and Cardano Settlement layer (CSL).
- Security: operates on Orobus protocol, a proof-of-stake algorithm known that attributes better blockchain security in comparison to the protocol Ethereum uses.
- Developed by Haskel, a more secure programming language.
- Wallet: Daedalus is a crypto celebrated portfolio that offers friendly support that allows cross chain wallet settlements that incorporates Debit cards and secure storage for investors digital tokens
How will Cardano overthrow Ethereum?
Hoskinson already knows from the inside how Ethereum works so he can develop ADA better based on that.
Google in London hosted a Q/A session where Cardano’s founder presented a brief description of it while explaining its Ouroboros algorithm and what he wants to do with Cardano.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.