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Solana vs Cardano: Which crypto is considered as the Best Ethereum Killer?

Solana vs Cardano: A Comparative Analysis


So much has been talked about the biggest altcoin by market cap; Ethereum; in the last couple of years, thanks to its roadmap containing a series of upgrades that are soon to take place one after the other. However, since the inception of Ethereum, there have been a few projects that came to being, which were termed as ‘Ethereum killer’ for the tokens being cheaper and their transaction speed being faster. Two of the most prominent names along those lines are; Solana and Cardano.

To know the two networks better, let us take a deep dive into the functionality of them!

What is Solana?

Solana is an open-source, permissionless, and high-speed layer-1 decentralized blockchain. It aims to achieve the highest throughput compared to the other blockchains at affordable rates. The platform implements a hybrid consensus model that combines both the versions of Proof-of-stake(Pos) and Proof-of-history(PoH). Due to this, the platform is able to generate over 710K transactions per second(TPS) with minimal scaling solutions. 

The core component of Solana is its POH which provides a digital record of confirming the occurrence of an event on the network at a given time. It relies on PoS’s Byzantine fault tolerance(BFT) algorithm to reach a consensus. It also uses a 256-bit secure hash algorithm (SHA-256) to provide real-time data. 

Read More: Solana vs Ethereum

Latest News on Solana Blockchain

What is Cardano?

Cardano is an open-sourced, decentralized network that aims to empower the DeFi & smart contract space. The network is backed by 3 entities namely, the Cardano Foundation, Input-Output (IOHK), and EMURGO. Build on a Proof-of-stake consensus mechanism, Cardano is considered a 3rd generation blockchain after Bitcoin & Ethereum

The blockchain consists of 2 layers, a settlement layer(CSL)- to manage the movement of assets between the sender & receiver and a Cardano Computation Layer(CCL) which helps the platform to replicate the Bitcoin ecosystem’s smart contract platform. 

The platform underwent a Shelley upgrade in 2020 and further underwent Alonzo hard fork in September 2021. The most recent upgrade is the Vasil hard fork introduced several upgrades to the network’s programming language Plutus. 

Latest News on Cardano Blockchain

CEO of Coti, Shahaf Bar-Geffen said, “Not only do we need a stablecoin, but we need one that is decentralized, and has on-chain proof of reserves.

Solana vs Cardano: Comparative Analysis

Crypto Name Solana Cardano
Launch Date March 2020 27 September 2017
Founder Anatoly Yakovenko  Charles Hoskinson
Blockchain Protocol Solana blockchain Cardano blockchain
Native Token   SOL ADA
Market Cap $5.11 billion $10.78 billion
Token Type Native Native
Circulating Supply 363.03 billion 34.43 billion
Max Supply 534.63 million 45 billion
Consensus Method PoH & PoS PoS Ouroborous Protocol

Additional Read: Ethereum vs Solana vs Polygon

Technical Analysis: Solana Price vs Cardano Price

Source: Tradingview

Solana Price Prediction

Read On: Solana Price Prediction

Cardano Price Prediction

Pros & Cons 


Solana Pros Cardano Pros
Fast transactions & low fees Peer-viewed, 3rd generation technology 
Swelling NFTs & Smart contract platform Highly scalable and interoperable
Solana has low environmental impact It is environmental friendly
Staking solana may earn rewards It is a substance over hype


Solana Cons Cardano Cons
Network highly instable Ambitious scope of work
Very limited projects available on Solana  It is not memeable
No fixed supply hence highly inflationary No-first mover advantage
Less decentralized network Huge Competition

Use Cases of Solana and Cardano

Cardano Use Cases

Solana Use Cases

Should You Buy Cardano or Solana?

Cardano blockchain carries a huge scope of work as the roadmap consists of a series of upgrades and developments to the network in the coming days. Meanwhile, the Solana network experienced numerous outrages in 2022 which has hampered the growth of the platform to a large extent. However, both blockchains hold a significant share in dominance within the smart contract & NFT space. 

In the coming days, ADA price may experience a decent upswing soon after the market sentiments flip a little. Meanwhile, the recent developments within the crypto space have hampered the SOL price to a large extent. Therefore, before buying Cardano or Solana, a thorough study and close observation of the market movements with extensive research is highly imperative. 

Is Solana a good investment or Cardano?

Cardano and Solana, both appear to have huge potential with a decent growth rate once the bearish clouds fade over the crypto space. While ADA is backed by a huge community, SOL price is feared to loose its grip over the market soon. Hence, before investing in ADA or SOL, it is important to study the future prospects of both tokens in detail. 

How to Invest in Solana and Cardano?

Buying Solana and Cardano is extremely simple & safe on CoinDCX app. To register with CoinDCX all you need to do is download the CoinDCX App on your smartphone. Later enter all your details and complete with KYC. Once your profile is validated, fund your wallet and buy SOL or ADA or both.

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