Solana is a blockchain technology that is being developed by scientists and technologists at the National Renewable Energy Laboratory. The Solana blockchain is designed to facilitate transactions of high volumes of data in a fast and secure way. This could have implications in many industries, including finance, information technology, health care and the internet of things (IOT).

Solana

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.

	Solana	Cardano
Created by	Anatoly Yakovenko	Charles Hoskinson
Native token	SOL	ADA
Consensus algorithm	PoH	PoS
Hashing algorithm	SHA-256	EdDSA
Supports EVM	No	No
TPS	65000	250
Block time (secs)	0.4	20
Layer	1	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.00025	$0.18
Staking rewards (APR)	7%	5%

Solana vs. Cardano

Overview

Table of Contents

Comparison

Is Solana faster than Cardano?

Is Solana cheaper than Cardano?