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Cardano vs Ethereum: Who’s Winning the Smart Contract Race?

  • Cardano vs Ethereum, which one will win the smart contract race?
  • Crypto investor Lark Davis recently tweeted his thoughts on the matter.
  • Presently, ADA price is $1.19 while ETH price is $1,789.

Recently, investor and crypto advocate Lark Davis tweeted about Cardano and Ethereum. About Davis’ tweet, he asked whether Cardano or Ethereum will win in terms of the smart contract platform race.

Cardano (ADA) seems like it is battling Ethereum (ETH) over platform functionality based on smart contracts nowadays. This has opened the door to a Cardano vs Ethereum smart contract race discussion.

With that said, Cardano digital currency has no smart contract yet. The ADA team has taken a long-term approach on creating a smart contract for the Cardano blockchain network.

Not long ago, Cardano created its Proof-of-Stake (PoS) blockchain. However, ADA built its PoS specifically on a consensus protocol called Ouroboros. However, the ADA Ouroboros protocol validates crypto transactions without any high energy costs.

Meanwhile, Ethereum already has its smart contract developed. In fact, its open-source smart contract makes it easy to build lots of decentralized applications (DApps) based on blockchain.

Also, the ETH smart contract provides a much more crypto-focused experience based on blockchain. What is more, it enables the creation of Non-Fungible Tokens (NFT), Stablecoins, Decentralized Marketplaces, Derivatives Trading, Tokenized Shares, and more.

In terms of trading, Ethereum smart contracts enables crypto lovers to lend, borrow, and do more crypto-related activities within the crypto space. Concerning its smart contract, Ethereum propels a lot more functions. Also, ETH remains the second-largest cryptocurrency by market cap.

Since the ADA smart contract is still under construction, Ethereum has gotten the upper hand for now.

Additionally, Cardano’s price is $1.19 with a 24-hour trading volume of $3,529 while Ethereum’s price is $1,789 with a 24h trading volume of $26,673 at the time of writing, according to CoinGecko.

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Collins Adane

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.

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