Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

Cardano is a blockchain platform that, in some ways, aims to improve on the design of the original blockchain. Cardano is an open source project that features a smart contract system as well as a new proof-of-stake algorithm. What makes Cardano unique from other blockchain platforms is their philosophy of engineering decisions toward a "philosophy of simplicity". The goal of this philosophy is to eventually reduce the total number of ways to interact with the chain to three: (1) stake, (2) spend and (3) vote.

	Bitcoin	Cardano
Created by	Satoshi Nakamoto	Charles Hoskinson
Native token	BTC	ADA
Consensus algorithm	PoW	PoS
Hashing algorithm	SHA-256	EdDSA
Supports EVM	No	No
TPS	5	250
Block time (secs)	600	20
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$0.18
Staking rewards (APR)	0%	5%

Bitcoin vs. Cardano

Overview

Table of Contents

Comparison

Is Bitcoin faster than Cardano?

Is Bitcoin cheaper than Cardano?