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Kraken Exchange Report Shows Cardano Outperforms Ethereum And Other Competitors

25 January 2022 15:07, UTC
Anna Martynova

Kraken, the world's leading exchange, has unveiled the main differences between Ethereum and Cardano. The exchange noted that the Cardano blockchain is designed to promote its own ADA coin and allows developers to securely create DApps on it. Ethereum was created as a kind of operating system for any number of user assets and programs.

Kraken points out that Ethereum was launched in 2013 and its software was launched in 2015. Coming out two years after ETH in 2017, Cardano has achieved a certain amount of prestige and market share of Ethereum. In addition, Cardano received its initial investment by selling 26 bln tokens to investors.

The cryptocurrency exchange emphasized that Cardano, unlike other projects, is being released in phases:

"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."

Kraken notes that Cardano takes an exploratory design approach that sets the coin apart from other blockchains. In the last 24 hours, Cardano has processed $4.02 bln and Ethereum has processed $2.41 bln. In addition, Cardano users only paid $63,254 as transaction fees compared to $25.44 mln on Ethereum.

Image: AMBCrypto