Caldano vs Ether, which is the better cryptocurrency?
It has long been known that there are a number of blockchains that are racing to replace ethereum as the pioneer of smart contract projects.
For while Ether has been the largest smart contract blockchain platform for many years, blockchains are still very expensive and slow. As a result, other projects are trying to do better. Caldano is too.
But which smart contract platform is better? Which cryptocurrency has more potential? We see this in this comparison.
What is Cardano?
Cardano is a blockchain project founded in 2016 by developer Charles Hoskinson, who had previously worked on Ether with Vitalik Buterin. After the two disagreed on the further development of the blockchain, Charles Hoskinson decided to start his own project, Cardano.
Cardano launched its token ADA in late 2016 via an ICO and then went public in early October 2017 at $0.024.
Cardano has developed its own blockchain, called Ouroboros, and is based on proof-of-stake (POS) technology.
In contrast to many other crypto projects, Cardano relies heavily on security and stable code. Therefore, Cardano has divided the structure of the blockchain into separate development steps.
As a result, the network was not fully developed from the start, but was gradually refined. In addition, the developers use a so-called peer review system, which has so far been used primarily for scientific work.
