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Ripple (XRP) Or Cardano (ADA) To Take Over Ethereum

Ripple| XRP | Cardano | ADA | Ethereum ETH | Cryptocurrency Market | Cryptocurrency news

The concept of the cryptocurrencies has been amply entertained by both individuals and companies. With more and more attention over the days, new cryptocurrencies with several distinct prospects are introduced in the market every second day. However, only a few cryptocurrency coins have become obscenely famous : Bitcoin, Ethereum, Ripple, Cardano, NEM.

The Bitcoin price has not been seeing a very good time, specially since the start of the first quarter of 2018. With this, several other cryptocurrencies like Ethereum, Ripple, Cardano have had the opportunity to leverage this situation to come ahead of the Bitcoin. However survival of the fittest remains the hot issue.

Also read : Cryptocurrency Forecast : NEM (XEM) to overtake Ethereum

Now, Ripple and Cardano, individually are pitting against Ethereum in terms of certain features.

Ripple vs Ethereum

Ripple was launched in 2012, and promises to provide its user with a “frictionless experience to send money globally using the power of blockchain”. The webitse states :

“Built on the most advanced blockchain technology that is scalable, secure and interoperates different networks, Ripple helps to connect banks, payment provider, digital asset exchanges and corporates”.

  • Although, Ethereum may be more popular than Ripple, with higher value and market cap, but Ripple has been an all-time hostile competitor to its pioneers in all ways, especially with the way it makes cross-border transaction a pie, very fast, low-cost and reliable.

     

  • When talking about scalability, Ripple is nowhere near Ethereum, it completely flaws and crushes ETH here.

    Scalability can be regarded as the number of transaction that can be done within a specific period like seconds, depending on the criteria for measurement.

  • While Ripple can perform 1500 transaction in a second, ETH can only perform 15 transactions within a second. The speed at which Ethereum runs transaction successfully is 2 minutes while Ripple does his in about four seconds.
  • While Ripple was mined with 10 billion unit supply, Ethereum is still limitless in its supply, although, 120 million ETH has been proposed recently.
  • The ties which Ripple has been able to attract are numerous and limitless as countries, banks, and financial institutions like Saudi Arabia, Netherlands, Santander bank, MoneyGram and others found it viable for cross-border transactions and beyond.

 

Cardano vs Ethereum

Caradano was officially released in September 2017, the public, decentralized and open source blockchain technology was built from the scratch with the sole aim of filling voids and problems like scalability, regulation, security, and more created by its predecessors. Certainly, Ethereum is a predecessor to Cardano.

  •  Ethereum was released before Cardano, so it is more valued, popular and has more market cap than Cardano. However, certain features which Cardano possess makes it a competitor of Ethereum.
  • While Ethereum capitalizes on the error of Bitcoin(first generation blockchain), being a second generation blockchain, Cardano went further by flawing both, emerging as third generation blockchain
  • Proof of Work consensus model which Ethereum was created with made it inferior to Cardano that uses Proof of Stake, going further to use the most secured proof of stake model known as Ouroboros. Generally, it is known that that proof of work is faster, more cost-effective and solves the problem of energy consumption when compared to proof of work.
  • Cardano is “mathematically shown to be provably secure”, more resistance against attack and very much cost effective.
  • Cardano beats ETH with scalabilityCardano has the ability to run 257 transactions per second.

Thus, the above listed comparisons demonstrate how Cardano and Ripple are giving Ethereum a run for its money and may soon takeover the Ethereum coin market, and rise above Bitcoin as well.

 

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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