Cardano (ADA) vs Tezos (XTZ) Comparison
Cardano (ADA) and Tezos (XTZ) are two popular blockchain platforms that offer unique features and benefits to their users. Both are decentralized and support smart contracts and decentralized applications (DApps) development. However, there are several differences between the two that make them distinct from each other. In this review, we will compare Cardano and Tezos based on various aspects and features.
Technology and Architecture
Cardano and Tezos use different architectures and consensus algorithms. Cardano uses a proof-of-stake (PoS) consensus algorithm, called Ouroboros, which is designed to be more energy-efficient than the proof-of-work (PoW) consensus algorithm used by Bitcoin. Ouroboros also ensures that the network is secure and scalable.
On the other hand, Tezos uses a consensus algorithm called Liquid Proof of Stake (LPoS), which is similar to PoS but with some key differences. LPoS allows token holders to delegate their tokens to validators to participate in the consensus process, while also allowing them to vote on protocol upgrades and changes.
In terms of technology, Cardano has a layered architecture that separates the computation and settlement layers, which allows for more flexibility and scalability. Tezos, on the other hand, has a self-amending blockchain that allows for on-chain governance and upgrades.
Tokenomics and Governance
Cardano's native token is ADA, and it has a maximum supply of 45 billion tokens. ADA is used to pay for transaction fees and to participate in the network's governance process. Cardano's governance is decentralized and is designed to be more democratic, with a focus on community involvement and collaboration.
Tezos' native token is XTZ, and it has a maximum supply of 763 million tokens. XTZ is used to pay for transaction fees and to participate in the network's governance process. Tezos' governance is also decentralized, but it uses a liquid democracy model that allows token holders to either vote themselves or delegate their voting power to others.
DApps and Smart Contracts
Both Cardano and Tezos support smart contract development and decentralized application (DApp) creation. However, they use different programming languages for their smart contracts. Cardano uses Haskell, a functional programming language that is known for its safety and correctness, while Tezos uses Michelson, a domain-specific language designed specifically for smart contracts.
Cardano also has a dedicated platform for DApp development called Plutus, which includes a custom-built smart contract language called Plutus Core. Tezos, on the other hand, supports a wide range of smart contract languages, including Michelson, Liquidity, and ReasonLigo.
Adoption and Partnerships
Cardano has gained significant attention and adoption in recent years, with partnerships and collaborations with various organizations and governments. For example, Cardano has partnered with the Ethiopian government to develop a blockchain-based identity system for the country's citizens. It has also collaborated with PwC to develop a blockchain-based supply chain solution for the agriculture industry.
Tezos has also gained some adoption and partnerships, with collaborations with various organizations and governments. For example, Tezos has partnered with Elevated Returns to tokenize real estate assets in Southeast Asia, and it has also collaborated with the French government to explore the use of blockchain technology for voting.
Market Performance
In terms of market performance, both Cardano and Tezos have shown significant growth and potential. However, Cardano has a higher market capitalization and a more established presence in the market. As of September 2021, Cardano's market cap was around $80 billion, while Tezos' market cap was around $4 billion.
Cardano's ADA token has also shown significant growth in value, with a 1-year return of over 1500%.
| Company |
|---|
User rating
| 7 user reviews | 4 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Cardano coin (ADA) is a cryptocurrency launched in 2017. The currency is based on the Cardano network. The leader of the dev team is Charles Hoskinson, an experienced developer who worked for Ethereum and BitShares prior to the launch of Cardano. Cardano is the first cryptocurrency to use academically peer-reviewed open-source code, which makes this project quite unique.
The consensus algorithm of Cardano is Proof-of-Stake. Cardano is usually praised for its high level of security and quick transactions. Cardano currency quickly gained value and became one of the top 10 cryptocurrencies by market capitalization.
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Tezos is a smart contract platform with its own blockchain and a native token (Tezos, XTZ). The governance is performed via Proof-of-Stake algorithm. It means that stakeholders (those who own at least 10,000 XTZ) vote for changes in the protocol. These validators ("bakers") get rewards for the performance of validation. The rewards are generated via inflation. Those who delegate their XTZ to bakers can earn, too.
Tezos has a built-in "self-amendment" mechanism which makes it possible to shape the network without having to make forks. It keeps the community united and makes development process easier.
|
Type
| coin | coin |
Founding Date
| 2017 | 2016 |
Country
| International | USA |
Languages
| No data | No data |
Team
| Public | Public |
Protocol
| Public blockchain | Public blockchain |
Current price (USD)
| 0.3491 | 0.6619 |
All-time high (USD)
| 1.3300 | 4.4600 |
Price change (24h)
| -1.29 | 0.89 |
Volume (24h)
| 3642777.04102 | 187534.30259 |
Hashrate
| No data | No data |
Max Supply
| 45000000000.00000 | No data |
Total supply
| No data | No data |
Circulating Supply
| 45000000000.00000 | 1025192071.90880 |
Transaction speed / Block time
| 50 | 15 |
Transaction fee
| No data | No data |
Mining profitability
| No data | No data |
Algorithm
| Ouroboros | No data |
Proof type
| PoS | DPoS |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| 25927070538.00000 | 810904882.00580 |
Is trading
| yes | yes |
Block reward
| 0.000000000000 | 0.000000000000 |
Block time
| No data | No data |
| Company | ||
|---|---|---|
| User rating | 7 user reviews | 4 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
Cardano coin (ADA) is a cryptocurrency launched in 2017. The currency is based on the Cardano network. The leader of the dev team is Charles Hoskinson, an experienced developer who worked for Ethereum and BitShares prior to the launch of Cardano. Cardano is the first cryptocurrency to use academically peer-reviewed open-source code, which makes this project quite unique.
The consensus algorithm of Cardano is Proof-of-Stake. Cardano is usually praised for its high level of security and quick transactions. Cardano currency quickly gained value and became one of the top 10 cryptocurrencies by market capitalization.
|
Tezos is a smart contract platform with its own blockchain and a native token (Tezos, XTZ). The governance is performed via Proof-of-Stake algorithm. It means that stakeholders (those who own at least 10,000 XTZ) vote for changes in the protocol. These validators ("bakers") get rewards for the performance of validation. The rewards are generated via inflation. Those who delegate their XTZ to bakers can earn, too.
Tezos has a built-in "self-amendment" mechanism which makes it possible to shape the network without having to make forks. It keeps the community united and makes development process easier.
|
|---|---|---|
| Type | Type coin | Type coin |
| Founding Date | Founding Date 2017 | Founding Date 2016 |
| Country | Country International | Country USA |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Public |
| Protocol | Protocol Public blockchain | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.3491 | Current price (USD) 0.6619 |
| All-time high (USD) | All-time high (USD) 1.3300 | All-time high (USD) 4.4600 |
| Price change (24h) | Price change (24h) -1.29 | Price change (24h) 0.89 |
| Volume (24h) | Volume (24h) 3642777.04102 | Volume (24h) 187534.30259 |
| Hashrate | Hashrate No data | Hashrate No data |
| Max Supply | Max Supply 45000000000.00000 | Max Supply No data |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 45000000000.00000 | Circulating Supply 1025192071.90880 |
| Transaction speed / Block time | Transaction speed / Block time 50 | Transaction speed / Block time 15 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability high | Mining profitability medium |
| Algorithm | Algorithm Ouroboros | Algorithm No data |
| Proof type | Proof type PoS | Proof type DPoS |
| Fully premined | Fully premined No data | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined 25927070538.00000 | Total coins mined 810904882.00580 |
| Is trading | Is trading yes | Is trading yes |
| Block reward | Block reward 0.000000000000 | Block reward 0.000000000000 |
| Block time | Block time No data | Block time No data |
Social
Website
| www.cardano.org | www.tezos.com |
| Cardano | Tezos |
| Website | Website www.cardano.org | Website www.tezos.com |
|---|---|---|
| Twitter Cardano | Twitter Tezos |
Advantages
| Friendly Peer-reviewed technology Scalable | Has impressive on-chain governance Self-amending blockchain Secure smart contract programming language |
Disadvantages
| Competitors in the same space Still in development Multiple chains | ICO was followed by delays Young ledger High-risk investment |
Rating
| User rating | User rating 7 user reviews | User rating 4 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Friendly Peer-reviewed technology Scalable | Advantages Has impressive on-chain governance Self-amending blockchain Secure smart contract programming language |
| Disadvantages | Disadvantages Competitors in the same space Still in development Multiple chains | Disadvantages ICO was followed by delays Young ledger High-risk investment |
Cardano (ADA) user rating is 4.3, based on 7 user reviews. Tezos (XTZ) user rating is 4.5, based on 4 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
At the moment Cardano (ADA) price is 0.3491. Its 24h volume is 3,642,777.4102. 24h price change is -1.29.
Cardano (ADA) max supply is 45,000,000,000.0. The circulating supply is 45,000,000,000.0.
Cardano (ADA) transaction speed/block time is 50. Block reward is 0.0.
At the moment the number of coins mined is 25,927,070,538.0. Mining profitability is high.
Cardano (ADA) Cryptogeek user rating is 4.3, based on 7 user reviews.
Tezos (XTZ) price is 1.6619. Its 24h volume is 187,534.30259. 24h price change is 1.89.
The circulating supply is 1,025,192,072.9088.
Tezos (XTZ) transaction speed/block time is 15. Block reward is 0.0.
At the moment the number of coins mined is 810,904,882.58. Mining profitability is medium.
Tezos (XTZ) Cryptogeek user rating is 4.5, based on 4 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
An important lesson: do not believe the news, study the topic yourself.
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Lesson: while tokens are stored on the exchange, do not consider them as yours.
Cardano (ADA) and Tezos (XTZ) are two popular blockchain platforms that offer unique features and benefits to their users. Both are decentralized and support smart contracts and decentralized applications (DApps) development. However, there are several differences between the two that make them distinct from each other. In this review, we will compare Cardano and Tezos based on various aspects and features.
Technology and Architecture
Cardano and Tezos use different architectures and consensus algorithms. Cardano uses a proof-of-stake (PoS) consensus algorithm, called Ouroboros, which is designed to be more energy-efficient than the proof-of-work (PoW) consensus algorithm used by Bitcoin. Ouroboros also ensures that the network is secure and scalable.
On the other hand, Tezos uses a consensus algorithm called Liquid Proof of Stake (LPoS), which is similar to PoS but with some key differences. LPoS allows token holders to delegate their tokens to validators to participate in the consensus process, while also allowing them to vote on protocol upgrades and changes.
In terms of technology, Cardano has a layered architecture that separates the computation and settlement layers, which allows for more flexibility and scalability. Tezos, on the other hand, has a self-amending blockchain that allows for on-chain governance and upgrades.
Tokenomics and Governance
Cardano's native token is ADA, and it has a maximum supply of 45 billion tokens. ADA is used to pay for transaction fees and to participate in the network's governance process. Cardano's governance is decentralized and is designed to be more democratic, with a focus on community involvement and collaboration.
Tezos' native token is XTZ, and it has a maximum supply of 763 million tokens. XTZ is used to pay for transaction fees and to participate in the network's governance process. Tezos' governance is also decentralized, but it uses a liquid democracy model that allows token holders to either vote themselves or delegate their voting power to others.
DApps and Smart Contracts
Both Cardano and Tezos support smart contract development and decentralized application (DApp) creation. However, they use different programming languages for their smart contracts. Cardano uses Haskell, a functional programming language that is known for its safety and correctness, while Tezos uses Michelson, a domain-specific language designed specifically for smart contracts.
Cardano also has a dedicated platform for DApp development called Plutus, which includes a custom-built smart contract language called Plutus Core. Tezos, on the other hand, supports a wide range of smart contract languages, including Michelson, Liquidity, and ReasonLigo.
Adoption and Partnerships
Cardano has gained significant attention and adoption in recent years, with partnerships and collaborations with various organizations and governments. For example, Cardano has partnered with the Ethiopian government to develop a blockchain-based identity system for the country's citizens. It has also collaborated with PwC to develop a blockchain-based supply chain solution for the agriculture industry.
Tezos has also gained some adoption and partnerships, with collaborations with various organizations and governments. For example, Tezos has partnered with Elevated Returns to tokenize real estate assets in Southeast Asia, and it has also collaborated with the French government to explore the use of blockchain technology for voting.
Market Performance
In terms of market performance, both Cardano and Tezos have shown significant growth and potential. However, Cardano has a higher market capitalization and a more established presence in the market. As of September 2021, Cardano's market cap was around $80 billion, while Tezos' market cap was around $4 billion.
Cardano's ADA token has also shown significant growth in value, with a 1-year return of over 1500%.
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