Cardano (ADA) vs. Ethereum (ETH) – Here’s What Crypto Exchange Kraken Says

The crypto exchange Kraken is breaking down the differences between Ethereum (ETH) and Cardano (ADA).

The exchange notes in a blog post that both competing smart contract platforms provide similar offerings but have “different philosophies.”

Kraken highlights that Cardano emphasizes a “research-driven approach to design,” while Ethereum was built to “be a kind of operating system for any number of custom assets and programs.”

Explains the exchange,

“While Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and formal verification, a process by which its code is verified mathematically.” 

ETH is trading at $2,437.10 at time of writing, down more than 22% in the past seven days, but up 1.77% in the past 24 hours.

Cardano’s native asset, ADA, is trading at $1.09 at time of writing, down nearly 20% from where it was priced one week ago. The 6th-ranked crypto asset by market cap has gained nearly 4.5% in the past 24 hours.

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