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.

Cardano

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).

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

Cardano vs. Bitcoin

Overview

Table of Contents

Comparison

Is Cardano faster than Bitcoin?

Is Cardano cheaper than Bitcoin?