The Binance chain is the native blockchain of Binance, the world’s largest cryptocurrency exchange by trading volume. The project was born of a need for a decentralized, transparent and immutable blockchain that can be used as a public ledger for recording all transactions on the platform. The new chain will serve as the foundation for Binance’s native DEX and will also feature tools that will enable third-party developers to develop their own decentralized applications (dApps) based on the technology. Binance hopes its blockchain will “provide an underlying layer of a seamless financial infrastructure, driving rapid growth in digital asset adoption.”

BNB Chain

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.

	BNB Chain	Cardano
Created by	Changpeng Zhao	Charles Hoskinson
Native token	BNB	ADA
Consensus algorithm	PoS	PoS
Hashing algorithm	KECCAK-256	EdDSA
Supports EVM	Yes	No
TPS	2200	250
Block time (secs)	3	20
Layer	1	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.35	$0.18
Staking rewards (APR)	0%	5%

BNB Chain vs. Cardano

Overview

Table of Contents

Comparison

Is BNB Chain faster than Cardano?

Is BNB Chain cheaper than Cardano?