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

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.”

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

Cardano vs. BNB Chain

Overview

Table of Contents

Comparison

Is Cardano faster than BNB Chain?

Is Cardano cheaper than BNB Chain?