Cardano vs Ethereum: Which is Better & Has Greater Potential in 2021?! 🥊
Watch the video for a discussion on which among Cardano vs Ethereum is better.
– TIMESTAMPS –
14:56 Price Potential
Cardano vs Ethereum:
Ethereum was technically founded by 8 people including Vitalik Buterin and Charles Hoskinson in December 2013.
Charles later left Ethereum to found Cardano.
Charles is a mathematician who dropped out of his PhD to work in cryptocurrency full time.
Vitalik is a computer scientist who dropped out of his bachelor’s program for the same reason.
In terms of development, Ethereum has more of a hands-on approach by putting practice before theory.
Ethereum’s approach gave it the first-mover advantage when it launched in the summer of 2015.
This is in stark contrast to Cardano.
Every component of its architecture is peer-reviewed and rigorously tested by academics prior to implementation.
The Cardano blockchain has a dual-layer architecture.
The first is the settlement layer which keeps a record of all ADA and native asset transactions.
The second is the computation layer which will run Cardano’s upcoming smart contracts.
Cardano uses a proof of stake consensus protocol.
Ethereum 2.0 has a shard chain architecture.
This allows shards to process transactions in parallel, and the initial 64 shards in Ethereum 2.0 will all connect to the Beacon chain.
The Beacon Chain coordinates staking and consensus between all the shards, and this setup will make it possible for Ethereum 2.0 to process around 100 thousand transactions per second.
Cardano ADA staking rewards are currently about 4 and a half percent per year, and any staked or delegated ADA can be withdrawn at any time. 73% of all ADA is currently being staked, which works out to a whopping 30 billion dollars in early May 2021.
Similar to Cardano, staking rewards on Ethereum 2.0 vary depending on how much ETH is being staked, and the current annual return is about 7 and a half percent. Just under 4.1 million ETH is currently being staked, worth over 11 billion dollars in early May 2021.
Cardano ADA’s initial supply of 31.1 billion was pre-mined by IOHK, and just under 26 billion ADA was sold by the Cardano Foundation across five ICO in 2015 and 2016. Nearly 80 million dollars worth of BTC was brought in by these sales. The remaining 5.2 billion ADA were allocated to IOHK, Emurgo, and the Cardano Foundation.
In 2014, the Ethereum Foundation pre-mined ETH’s initial supply of 72 million. 60 million of that ETH was sold in a public ICO later that year The remaining 12 million ETH went to the Ethereum Foundation, which distributed 6 million of that ETH to the 85 developers who were working on Ethereum at the time.
ETH will likely reach 4500$ during this bull market and could rise higher under certain circumstances.
Similarly, ADA will likely double in price and could likewise grow much larger after smart contract implementation.
Ethereum has enjoyed remarkable adoption by the private sector, whereas Cardano is starting to make headways in the public sector, specifically governments in developing countries.
► CRYPTO TOOLS & RESOURCES ◄
► BlockFi Exchange:
Earn up to 8.6% APY on crypto with the BlockFi Interest Account, take out fast and secure USD loans on your crypto, and buy and sell different currencies on this no-fee trading platform.
Sign up using the following link and you will earn $10 in BTC after making a min deposit of $100 into your BlockFi Interest Account (BIA).
► Changelly Exchange:
For buying or trading one cryptocurrency with another cryptocurrency:
For buying Cryptocurrency with Fiat Money using Bank Card:
► Kucoin Exchange:
► Trade Cryptocurrency Derivatives on Bybit Derivative Exchange:
► Automated Trading Made Easy with Coinrule:
► Buy Hardware Wallet:
Ledger Crypto Starter Pack: https://shop.ledger.com/products/crypto-starter-pack?r=eee8629af7c5 Ledger Nano X: https://shop.ledger.com/products/ledger-nano-x?r=eee8629af7c5
► Get Billfodl: https://bit.ly/Get-Indestructible-Billfodl
What Is a Billfodl?
The Billfodl is a small, wallet sized stainless steel enclosure designed to house any kind of crypto private key or recovery seed you may need to protect from physical threats of destruction. With the Billfodl, you don’t need fancy stamping sets or hammers. Instead we provide a randomized set of character tiles, laser engraved for maximum readability and ease of installation.
► Best Crypto Tax Software (Get 10% discount):
http://cryptotrader.tax/?fpr=valuevaults (Promo Code: CRYPTOTAX10)
For more Cryptocurrency News & Tips:
Disclaimer: We are not a financial advisor. We do not provide tax, legal, or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
This site is reader-supported – if you make any purchase or subscription via some of the links which are affiliate links, we may be compensated with commissions, at no extra cost to you. Thank you.