Cardano (ADA) vs. Solana (SOL): How They Compare

Cardano (ADA) and Solana (SOL) are two of the most popular blockchain networks in the cryptocurrency market. Cardano’s native cryptocurrency is ADA tokens, while Solana’s native cryptocurrency is SOL tokens. Both are marketed as cheaper and faster than Ethereum, the second-largest cryptocurrency by market cap behind Bitcoin. Similar to Ethereum, both Cardano and Solana validate transactions through proof-of-stake consensus mechanisms and incorporate the utilization of smart contracts and decentralized applications (also called Dapps).

However, the ways in which they have competed with Ethereum are slightly different. While Cardano’s developers are heavily focused on scalability and security, Solana’s developers have afforded more effort toward transaction speed and lower costs.

Why you might choose Cardano

Academic approach

In general, Cardano takes an academic approach to development. The network’s security is consistently audited by third parties, and Cardano developers…

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This article was written by Connor Emmert and originally published on www.nerdwallet.com