WESTBURY, New York – Rising like alien technology, cryptocurrency showcased new beginnings with Bitcoin in the lead followed by Ethereum and now there’s Ripple (XRP) vs. Cardano (ADA). The virtual currency industry has become a race for these altcoins which are bound to compete with their counterparts to become the ultimate currency today.
Leading the race is Bitcoin with its staggering price even at its lowest level. Ethereum has a relatively large market capitalization, as well. Among the other alternative crypto coins that seem to be tagging along are Ripple and Cardano which are on the 3rd and 7th places, respectively, as declared by Coinmarketcap. With Ethereum underway, a Ripple (XRP) vs. Cardano (ADA) yardstick will be very helpful.
Ripple (XRP) was launched in the year 2012 and defined as the virtual currency that allows a frictionless experience when it comes to sending money around the world using the blockchain technology. Ethereum is apparently more famed than Ripple with a larger market cap and value.
However, Ripple seems to be one of its more antagonistic competitor with its reliable and low-cost cross-border transactions. Scalability-wise, Ripple completely crushes Ethereum with about 1,500 transactions done within a second, while an underdog can only achieve about 15.
Cardano was released after Ethereum so it is not surprising that the latter enjoys a more valued and more popular market capitalization. Nevertheless, Cardano is considered a potential contender for Ethereum’s throne due to its many astonishing features.
It emerged as the blockchain technology’s third-generation crypto coin as it has been proven to offer a more secure transaction and extreme resistance to any attack. It emphasizes the needs of the cryptocurrency users regarding regulations and security with a balanced approach that makes it quite intriguing.
The consensus model on which Ethereum was based is inferior to the Proof of Stake mode which Cardano uses. This particular model is known to offer a faster and more cost-efficient transaction while solving the long-emerging energy consumption problem. When it comes to scalability, Cardano also beats Ethereum with its ability to perform 257 transactions every second.
A holistic outlook will show that Ripple has more potentials than Cardano. With the various recognitions and accolades that Ripple acquired with its cross-border business deals, in Ripple (XRP) vs. Cardano (ADA), Ripple seems to be the most triumphant.