Kraken

Cardano vs. Ethereum

You may find that Cardano and Ethereum are often compared to each other thanks to both their network’s providing similar offerings.

 

Developers can use both the Ethereum (ETH) and Cardano (ADA) blockchains for familiar features, including running custom programming logic (smart contracts) and building programs (decentralized applications).

 

However, they both offer different philosophies to how they approach their design.

Cardano vs Ethereum
Cardano

CARDANO

Cardano offers a similar platform to Ethereum, but differs in that it emphasizes a research-driven approach to design.

Ethereum

ETHEREUM

Ethereum fue creado para ser un tipo de sistema operativo para cualquier cantidad de activos y programas personalizados.

To further understand how these two complex crypto platforms work, use our comparison tool below for a side-by-side comparison of Cardano vs Ethereum.

The difference between Cardano and Ethereum

Cardano

El caso de uso principal de Cardano es permitir transacciones en su criptomoneda nativa, ADA, y permitir a los desarrolladores crear aplicaciones descentralizadas seguras impulsadas por ella.

 

Sin embargo, Cardano difiere de otros proyectos de blockchain al enfatizar un enfoque de diseño impulsado por la investigación, con el objetivo de lograr un rigor académico que cree que impulsará la adopción de su tecnología.

 

Si bien es posible que Cardano no prometa nuevas características innovadoras, los usuarios y desarrolladores pueden encontrar que su criptomoneda ofrece optimizaciones atractivas basadas en la investigación científica y la verificación formal, un proceso mediante el cual su código se verifica matemáticamente.

 

Además, Cardano se lanza en fases y ha visto 5 actualizaciones importantes de la plataforma desde 2017, incluido Byron, que permitió la transferencia de criptomonedas ADA por primera vez y Voltaire, que introdujo un nuevo modelo sobre cómo los usuarios podrían financiar el desarrollo de cambios de software.

Ethereum

Ethereum was created with the intention of becoming a global, open-source platform for custom assets and new kinds of economic applications.

 

Considered to be one of the most ambitious blockchain projects to date, Ethereum seeks to leverage blockchain technology to decentralize products and services in a wide range of use cases beyond money.

 

To date, Ethereum has seen a few distinct phases that have emphasized different aspects of its capabilities.

 

First, entrepreneurs flocked to Ethereum in 2017 during its famous “ICO boom”, where creators would try to raise money for new projects using new assets on the Ethereum blockchain.During this time, Ethereum was seen as something of a global capital allocator and funding mechanism.

 

A new phase of Ethereum, called decentralized finance (DeFi), has started garnering attention in 2020. This movement saw the creation of decentralized applications (dapps) intended to automate financial services like lending or borrowing without the need for a traditional bank or intermediary.

Recursos útiles

If you are interested in learning more about Cardano and Ethereum, please visit Kraken’s What is Cardano? and What is Ethereum? pages.

 

If you want to learn more about the consensus mechanisms that power each blockchain, then the Proof of Work vs. Proof of Stake page is where you want to go!

 

Want more in depth information on specific cryptocurrencies and blockchain projects? If so, visit our Learn Center to further your education on this ever-growing space.