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Cardano vs Ethereum - WazirX

If you are a beginner in the crypto world and you have no idea about cardano. Check this presentation that is all about the difference between cardano and ethereum. Learn more at https://wazirx.com/blog/difference-between-cardano-and-ethereum/

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Cardano vs Ethereum - WazirX

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  1. Cardano vs Ethereum

  2. Difference #1- Founder • The founders of Cardano are the technologists Jeremy Wood and Charles Hoskinson. They are the co-founders of ethereum. • Ethereum was created by a 19-year-old boy named VitalikButerin. Till now many others have contributed to its code.

  3. Difference #2- Vision • Cardano’s main aim is to be used as an allowing transaction in its native cryptocurrency ADA. And, to build secure decentralised applications powered by it. Cardanoemphasises on a research-driven approach with one goal to achieve academic rigor. This makes it unique and different from other blockchain projects. • Whereas, Ethereum, one of the top cryptocurrencies in India was introduced with an intention to use an open-source platform for modern economic applications and custom assets. Ethereum leverages blockchain technology to decentralize products and services in a wide range.

  4. Difference #3- Network design • Cardano uses an Ouroboros, a consensus mechanism similar to Proof Of Stakes to have more secure networking. Ouroboros divides time into epochs and slots. The epochs are the overarching time frames and the slots are incremented by 20 seconds within epochs. • In ethereum, to create Dapps, developers write smart contracts and develop these codes to the ethereumblockchain. The Dapps work effectively when the specified outcomes are met. • Like bitcoin, ethereum also employs Proof of Work mining to fuel its blockchain.

  5. Conclusion • Cardano has emerged now as a great option in the cryptocurrency world. It follows quite a different and conservative approach in its networks. While Ethereum is a long-player. It has also captured a large market share through its numerous features and by including the same Bitcoin technology to power its blockchain. They both have advantages and disadvantages. But, for beginners, Cardano can be preferable to get experience and knowledge about the working of cryptocurrencies. However, if you have enough knowledge and expertise go for Ethereum. Just make sure to buy from reliable crypto trading platforms like Wazirx, Zebpay etc. They are India’s top crypto exchanges and with great customer support.

  6. Thank You

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