Cardano vs. Stellar
Whether you have just started investing in cryptocurrencies, or are a veteran in the space, you have likely come across Cardano (ADA) and Stellar (XLM), two of the more popular cryptocurrencies by market cap.
Cardano and Stellar vary substantially in how they approach their philosophy, design and value propositions.
CARDANO (ADA)
Cardano là một mạng hợp đồng thông minh cho phép chủ sở hữu tiền điện tử ADA của nó giúp vận hành mạng của nó và bỏ phiếu cho những thay đổi đối với các quy tắc phần mềm của nó.
To help you better understand the differences between the two networks, please scroll below to find a side-by-side comparison of Cardano vs Stellar.
Sự khác biệt giữa Cardano và Stellar
DATE FOUNDED
Cardano
Cardano được tạo ra vào ngày 27 tháng 9 năm 2017
Stellar
Stellar được tạo ra vào ngày 31 tháng 7 năm 2014.
CREATOR
Cardano
Cardano được tạo ra bởi các nhà công nghệ Jeremy Wood và Charles Hoskinson, một trong những người đồng sáng lập Ethereum.
Stellar
Stellar was created by Jed McCaleb.
TICKER
Cardano
ADA
Stellar
XLM
VISION
Cardano
Cardano’s primary use case is to allow transactions in its native cryptocurrency, ADA, and to enable developers to build secure decentralized applications powered by it.
However, Cardano differs from other blockchain projects by emphasizing a research-driven approach to design, aiming to achieve an academic rigor it believes will propel adoption of its technology.
While Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and formal verification, a process by which its code is verified mathematically.
Further, Cardano is released in phases and has seen 5 major platform upgrades since 2017, including Byron, which enabled the transfer for ADA cryptocurrency for the first time and Voltaire, which introduced a new model for how users could fund development for software changes.
Stellar
Stellar was created with the aim to change the way currencies and assets were transferred globally and has been described as everything from a payment rail to an exchange.
The Stellar platform incentivizes a distributed network of computers to run a software that enables anyone to send money and assets in ways that have traditionally been the domain of payment providers.
Stellar differs from Ripple in attempts to position itself as a kind of decentralized exchange, with a built-in order book that keeps track of the ownership of Stellar assets. These assets can then be traded on its platform between users using its Stellar Lumens XLM cryptocurrency.
LAUNCH & ISSUANCE
Cardano
Cardano is maintained by three separate and independent organizations.
The Cardano Foundation oversees development of the Cardano blockchain.
IOHK built Cardano and designed Ouroboros, the proof-of-stake algorithm Cardano uses to operate its network.
Emurgo helps encourage enterprises and larger organizations to adopt Cardano’s technology.
At the time of its launch, approximately 31 billion ADA were created, nearly 26 billion of which were sold to investors by a Japan-based company hired to manage the sale. Participants were able to purchase vouchers that could later be exchanged for ADA on the software’s release.
Stellar
The Stellar Development Foundation (SDF), a non-profit organization supporting Stellar’s growth and development, was tasked with distributing Stellar’s initial 100 billion XLM supply over a period of 10 years.
The XLM issued at launch was set to be distributed to users who signed up for a Direct Sign-up Program, to Bitcoin and Ripple holders, to Stellar Partners (such as SatoshiPay and Abra) and to the SDF itself for its operational budget.
However, the SDF came across some roadblocks with the distribution and only managed to distribute 7.375 billion XLM. As a response, the SDF team made changes to its supply curve and burned over 50 billion XLM, reducing the total supply to just above 50 billion XLM.
NETWORK DESIGN
Cardano
To secure its network, Cardano uses Ouroboros, a consensus mechanism similar to Proof of Stake (PoS) ones that enables users to validate transactions and earn newly minted ADA.
Ouroboros divides time into epochs and slots, where epochs are the overarching time frames, and slots are 20-second increments within epochs.
Within each slot, a slot leader is randomly chosen and is responsible for choosing the blocks that get added to the blockchain.
Once the epoch has ended, the previous slot leaders elect the slot leaders of the next epoch.
Stellar
Stellar copied much of its code from the XRP ledger meaning the two assets share a common code base and design scheme. Stellar has since made several technical changes to differentiate itself from its counterpart.
Central to powering its network is Stellar Core, a software used to maintain its ledger and to validate its transactions. Nodes running the software can be set up to serve as watchers, who can submit transactions, Archivers, who store the activity of the network, and validators, who validate transactions and vote on network upgrades through the Stellar Consensus Protocol.
CHÍNH SÁCH TIỀN TỆ
Cardano
ADA is the main cryptocurrency powering Cardano, is minted every block and distributed to slot leaders as rewards for verifying transactions.
Like many other cryptocurrencies, the supply of ADA tokens is limited, meaning that according to the software’s rules there will only ever be 45 billion ADA.
In early 2021, 31 billion ADA were in circulation, with the remaining 14 billion scheduled to be issued through minting.
Stellar
When Stellar launched, 100 billion XLM were created and the software rules dictated that the supply increase 1% annually until the maximum supply of 105 billion XLM was reached.
When the SDF took steps to regulate the XLM economy and drop the number of available XLM from 105 billion to just over 50 billion, Stellar users also voted to end the programmatic supply increase.
Last, XLM is also used as fuel for transactions on the network, as 0.00001 XLM are deducted as fees whenever a transaction is made, helping prevent bad actors from spamming its network.
Cardano
Cardano’s primary use case is to allow transactions in its native cryptocurrency, ADA, and to enable developers to build secure decentralized applications powered by it.
However, Cardano differs from other blockchain projects by emphasizing a research-driven approach to design, aiming to achieve an academic rigor it believes will propel adoption of its technology.
While Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and formal verification, a process by which its code is verified mathematically.
Further, Cardano is released in phases and has seen 5 major platform upgrades since 2017, including Byron, which enabled the transfer for ADA cryptocurrency for the first time and Voltaire, which introduced a new model for how users could fund development for software changes.
Stellar
Stellar was created with the aim to change the way currencies and assets were transferred globally and has been described as everything from a payment rail to an exchange.
The Stellar platform incentivizes a distributed network of computers to run a software that enables anyone to send money and assets in ways that have traditionally been the domain of payment providers.
Stellar differs from Ripple in attempts to position itself as a kind of decentralized exchange, with a built-in order book that keeps track of the ownership of Stellar assets. These assets can then be traded on its platform between users using its Stellar Lumens XLM cryptocurrency.
Useful resources
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