DEX Experience on Cardano 100x Better Than on Ethereum (2024)

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Contents

  • 1 The words come from a former Google product head. Se also helped to find and lead teams at Microsoft and Web3 Startups.
    • 1.1 In Short
    • 1.2 Cardano vs. Ethereum
    • 1.3 Hoskinson defends Cardano
    • 1.4 Related Posts

The words come from a former Google product head. Se also helped to find and lead teams at Microsoft and Web3 Startups.

DEX Experience on Cardano 100x Better Than on Ethereum. Celsius product manager Vannessa Harris, who worked for Microsoft and Google, believes the DApps offered by Cardano are superior to Ethereum.

In Short

  • Harris praised Cardano for its speed and cheaper transactions.
  • Cardano expects the Vasil update later this month.
  • Hoskinson, Dorsey, and Musk discuss programming languages on Twitter.

A former Google employee highlighted the Cardano blockchain’s benefits over its main rival, Ethereum. Vannessa Harris, who worked for big-tech companies, used Twitter to share her experience in the Cardano DeFi space. In a post on Wednesday, she expressed her penchant for Cardano’s decentralized exchanges (DEX) over Ethereum.

The experience of using DEXes on Cardano is 100x better than on Ethereum.

— Vanessa Harris (@technologypoet) June 2, 2022

Harris, who collectively totals more than ten years of experience as a product manager at Big Tech companies, explains that she gets the “end-to-end experience” of the main DEXes on Cardano better. She compared Minswap, based on Cardano, with the well-known DEX Uniswap and 1Inch, living in the Ethereum blockchain.

While she acknowledged that the variety of decentralized protocols and platforms offered by Ethereum is wider, she believes that the few provided by Cardanodo it better. ” She referred to the “end-to-end experience including the wallet UX, transaction speed, and transaction costs,” she said.

Cardano vs. Ethereum

Not for the first time, Harris, who was emphatic in pointing out that her opinions are her own, takes to Twitter to praise Cardano and wryly address some of the frequent criticism the project receives. She also criticized Ethereum, the top blockchain according to the number of available distributed applications (DApps), for its huge fees and slow transacting speed.

Another $200 in ETH gas fees doing a few simple transactions, and it’s slow enough even to make Cardano blush. At this point, I’d rather use the 27th version of a reborn Luna blockchain than Ethereum,” Harris tweeted, referring to Terra-Luna’s controversial rebirth.

Harris’ stance was far from comments by crypto-celeb Ran Neuner a month ago. In May, the “Crypto Banter” host shared some complaints about Cardano in a Youtube broadcast, claiming that the blockchain didn’t have a “working DEX.”

I think Cardano has two problems. Their launch time is taking too long, so they are not getting the amazing adoption that all the other blockchains are getting,” Neuner argued in that video.

While the YouTuber admitted holding a wallet of ADA, Cardano’s native token, he doesn’t believe the network will be among the crypto space’s top projects. Although this bleak outlook extended to other significant crypto assets, he claimed that “73% of altcoins will go to zero.”

Hoskinson defends Cardano

Meanwhile, Cardano founder Charles Hoskinson discussed programming languages with Elon Musk and Jack Dorsey on Twitter.

Just wait until you discover Haskell,” Hoskinson commented in a thread where Musk and Dorsey agreed on their sympathy for the C programming language instead of the object-oriented C++. “I hate the bloated mess that is modern C++, but I love plain C, as you know what it will compile to in terms of actual CPU operations,” Musk commented earlier, a statement Dorsey agreed.

Musk’s Twitter comment doesn’t come in isolation. The Tesla CEO seems to be trying to prove one of Dogecoin’s co-founders wrong when he said in an interview that Musk knew nothing about programming.

Plutus, a specific Haskell flavor, is Cardano’s Smart Contract language, despite being one of the hardest to master. You can also program contracts with the much easier-to-learn Marlowe, a domain-specific and GUI-guided language for financial Smart Contracts. Hoskinson has consistently advocated using the Haskell programming language for its accuracy, verification capabilities, and ability to reduce the risks associated with blockchain vulnerabilities and exploitation.

The founder has also justified Cardano’s systematic approach, which many often criticized for slow development compared to other blockchains. In the meantime, enthusiasts of the said ecosystem are awaiting an upcoming update called “Vasil,” which will arrive as a hard fork at the end of June.

Related Posts

  • What is a Smart Contract?
  • List of Cardano DEXes [Part I]
  • List of Cardano DEXes [Part II]
DEX Experience on Cardano 100x Better Than on Ethereum (2024)

FAQs

Is Cardano more efficient than Ethereum? ›

Cardano was actually developed specifically TO address the throughput & security shortfalls of Ethereum and provide a more efficient, scalable, and secure option for users.

Can ADA surpass Ethereum? ›

Cardano is experiencing a notable increase in development activity, surpassing Ethereum in performance.

What is the number one dex on Cardano? ›

MinSwap: Largest DEX on Cardano

MinSwap is a decentralized exchange (DEX) that allows users to swap a wide range of cryptocurrencies and provide liquidity on multi-pool farms with an automated yield farming mechanism that provides liquidity providers (LPs) with the best yield in the network.

Why is Solana better than Ethereum? ›

Solana boasts a significant advantage in transaction speed. Ethereum's current Proof-of-Work (PoW) model limits its capacity to around 15 transactions per second. Solana, on the other hand, can process thousands of transactions per second, making it substantially faster.

Why Cardano over Ethereum? ›

Cardano: Uses the Ouroboros proof-of-stake (PoS) consensus mechanism, which is more energy-efficient than proof-of-work (PoW). Ethereum: Originally used PoW, similar to Bitcoin, but is in the process of transitioning to PoS with Ethereum 2.0, aiming to improve scalability and energy efficiency.

Why Cardano is better? ›

Cardano's PoS expends drastically less energy than Bitcoin's PoW by removing the need to have computers gobbling up large amounts of electricity to power complex mining calculations. Cardano's PoS consensus mechanism also makes its validation process more accessible to the average user than Bitcoin's PoW.

Is Cardano superior to Ethereum? ›

Cardano employs a proof-of-stake consensus mechanism called Ouroboros, which aims to be more energy-efficient compared to Ethereum's current proof-of-work system. The implementation of Ouroboros ensures that transactions on the Cardano blockchain are validated by participants who hold a stake in the network.

How high could Cardano go? ›

Cardano Price Prediction Summary

ADA is 79% down from its September 2021 all-time high (ATH) of $3.10. Our ADA price prediction forecasts an average price of $0.55 by the end of 2023. According to our 2025 Cardano price prediction, the price could break its ATH in 2025, and reach $3.50.

What will Cardano be worth in 2030? ›

Cardano (ADA) Price Prediction 2030

According to your price prediction input for Cardano, the value of ADA may increase by +5% and reach $ 0.609964 by 2030.

What is the best DEX crypto? ›

Top Best Decentralized Exchanges For 2024
  1. Uniswap. Uniswap exchange, one of the pioneers in the DEX space, is an automated market maker (AMM) protocol built on the Ethereum blockchain. ...
  2. SushiSwap. Forked from Uniswap, SushiSwap is a community-driven DEX that has rapidly gained popularity. ...
  3. PancakeSwap. ...
  4. Balancer. ...
  5. 1inch.

What is the biggest dex in crypto? ›

What is the biggest DEX? The largest DEX in the crypto industry is Ethereum-based Uniswap.

What is the highest Cardano has ever been? ›

This time, ADA reached a new all-time high of $3.10 in early September 2021.

How much will 1 Ethereum be worth in 2030? ›

By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 2,881.90761347.

What is the fastest blockchain? ›

Tectum is the fastest layer 1 blockchain in the world, with a proof-of-utility consensus protocol and zero-knowledge proof system. Tectum Wallet - a comprehensive blockchain wallet that is simple to use and enables people to manage their digital assets in one place.

How much will 1 Solana be worth in 2030? ›

According to your price prediction input for Solana, the value of SOL may increase by +5% and reach $ 174.13 by 2030.

Is Cardano more energy-efficient? ›

Advantages of Cardano

Cardano is one of the most ecologically friendly blockchain systems. In a 2021 interview with Forbes, Hoskinson claimed that Cardano is 1.6 million times more energy-efficient than Bitcoin.

Is Cardano energy-efficient? ›

Cardano's annual energy consumption, as reported by CExplorer, stands at a mere 2.602 GWh. This makes it approximately 214,672x more energy-efficient than Bitcoin.

Why Cardano is the best blockchain? ›

Discover Cardano

Cardano is the first blockchain platform to be built through peer-reviewed research, to be secure enough to protect the data of billions, scalable enough to accommodate global systems, and robust enough to support foundational change. We have changed science.

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