Difference Between Polka and Cardano

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Cryptocurrency is one of the most renowned and evolving forms of investment options lately. Many people try to invest in cryptocurrency. Two of such blockchain platforms are 1. Polka and 2. Cardano.

Polka vs Cardano

The difference between Polka and Cardano is their specialities. Polka or Polkadot connects individual blockchains that altogether forms a union of the network. On the other hand, Cardano hosts contracts and applications with its unique double-layered architecture that ensures flexibility in the contracts.

Polka vs Cardano

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The polka or Polkadot is a shared protocol that enables the side-chains that are customized to connect with public blockchains. The Polkadot is a kind of protocol.

Cardano is a blockchain platform that also provides smart contracts. It provides smart contracts and applications with a cryptocurrency called “ada”.

Comparison Table

Parameters of ComparisonPolkaCardano
Type ofShared protocolBlockchain Platform
Founded on 14 November 201627 September 2017
FounderGavin Wood Charles Hoskinson
Advantages 1. Allows developers to launch chains. 2. Allows developers to launch applications,.
3. Integration with other networks. 4. Allows developers to select specific and suitable features.
1. It has a layered architecture.
2. Scalability and security are offered.
3. It is built on thorough academic research.
4.Traceability is provided.
5. More reliable
6. Quicker transactions are provided.
7. The updates that are performed do not interrupt the ongoing transactions and payments.
Disadvantages 1. Probable entrenched network effects can be seen.
2. A limited number of parachains are available.
3. Many times hackers exploit code vulnerabilities.
1. It is still under the testing and developing stage.
2. Synchronization between ledgers is not quite provided properly.

What is Polka?

The polka or Polkadot is a shared protocol that enables the side-chains that are customized to connect with public blockchains. The Polkadot is a kind of protocol.

The Polkadot is also used to incentivize global networks. It aims to grow an ecosystem of cryptocurrencies by being one of the competing blockchains.

All the transactions that are permanent take place in the relay chain. All the networks that are created by the users are present on parachain.

Several advantages of Polkadot include allows developers to launch chains, allows developers to launch applications, integrating with other networks, allows developers to select specific and suitable features etc.

polkadot

What is Cardano?

Cardano is a blockchain platform that also provides smart contracts with a cryptocurrency called “ada”. It was released on 27 September 2017. It was founded by Charles Hoskinson.

Cardano has also released products for purposes like management of identity and traceability. It uses a proof-of-stake algorithm called Ouroboros.

Several processes like the requirement of have power, and the use of immense computing resources are discarded to minimize the energy.

Several advantages of Cardano include it has layered architecture, scalability and security are offered, it is built on thorough academic research, traceability is provided, more reliable, quicker transactions are provided, the updates that are performed do no interrupt the ongoing transactions and payments.

cardano

Main Differences Between Polka and Cardano

  1. The speciality of Polka is that it connects individual blockchains that altogether forms a union of the network. On the other hand, the speciality of Cardano is that it hosts contracts and applications with its unique double-layered architecture that ensures flexibility in the contracts.
  2. The advantages of Polka include allows developers to launch chains, allows developers to launch applications, integrating with other networks, allows developers to select specific and suitable features etc.
Difference Between Cardano and Polkadot
References
  1. https://pdfs.semanticscholar.org/f76f/652385edc7f49563f77c12bbf28a990039cf.pdf
  2. https://files.ifi.uzh.ch/CSG/staff/Rafati/Kursat_IS.pdf
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