Qtum and Cardano are both cryptocurrencies but both with totally different features and uses. Let’s start with quantum, a cryptocurrency that is used to combine the properties of bitcoins and Ethereum.
The development of Cardano began in the year 2015 by the co-founder of Ethereum, Charles Hoskinson, and the currency was officially launched in the year 2017.
Key Takeaways
- Qtum is a hybrid blockchain platform that combines the security of Bitcoin with the flexibility of Ethereum.
- Cardano is a third-generation blockchain platform that uses a proof-of-stake consensus algorithm designed to be more scalable and sustainable than previous blockchains.
- Qtum is focused on providing a platform for decentralized applications and smart contracts, while Cardano aims to create a global financial and social operating system.
Qtum vs Cardano
The difference between qtum and Cardano is that qtum is very compatible with the DApps that are built and operated on the blockchains, while the Cardano coin, on the other hand, is a cryptocurrency that was launched in the year 2017, and the currency is fully based on the Cardano network.
Qtum is a source blockchain platform open to the general public that leverages the security system of the whole UTXO while making the multiple virtual machines, including the EVM, work altogether.
The development of Cardano began in the year 2015 by the co-founder of Ethereum, Charles Hoskinson, and the currency was officially launched in the year 2017.
Comparison Table
| Parameters of Comparison | Qtum | Cardano |
|---|---|---|
| What are they? | Qtum is nothing but a source blockchain platform that is open to the general public that leverages the security system of the whole UTXO. | Cardano is a third-generation proof of stakes that is very carefully decentralized now. |
| Country | Qtum was basically developed by some developers that were based in Singapore and are primarily used there only. | Cardano is totally international and is used widely in different countries. |
| Team | Qtum is a publicly handled team. | Cardano is also a public team. |
| Transation Speed | 10000 | 50 |
| Trust score | 1.33 out of 5 | 4.08 out of 5 |
What is Qtum?
Qtumis a cryptocurrency that is used to combine the properties of bitcoins and Ethereum. Qtum is designed to be perfectly appropriate for working with bug corporations like multinational companies.
Qtum, an open-source blockchain, was launched by a company based in Singapore in the year 2017. The qtum project allows you to maintain a relationship between the virtual machines and the blockchain.
Also, with the help of this platform, the qtum users can easily create a smart contract and also build a DApp. As mentioned above, qtum is compatible with the DApps that are built on the blockchains.
What is Cardano?
Cardano is a third-generation proof of stakes that is very carefully decentralized now.
The development of Cardano began in the year 2015 by the co-founder of Ethereum, Charles Hoskinson, and the currency was officially launched in the year 2017.
Three organizations made the Cardano happen: IOHK, EMURGO, and the Cardano Foundation. The IOHK and the Cardano Foundation are the non-profit ones, while the EMURGO is an entity for profit.
Main Differences Between Qtum and Cardano
- The block time or the transaction speed in the easy language of qtum is 1000, while the same for Cardano is 50.
- The trust score that basically decides which is appropriate for making transactions currently says it is all about the two currencies. The trust score of qtum is only 1.33 on a scale of 5, while that of Cardano is 4.08 on the same scale.
- https://www.sciencedirect.com/science/article/pii/S0165176519303714
- https://www.sciencedirect.com/science/article/pii/S0007681319301156
- https://tradingstrategyguides.com/free-qtum-cryptocurrency-strategy/
Last Updated : 03 July, 2023
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Sandeep Bhandari holds a Bachelor of Engineering in Computers from Thapar University (2006). He has 20 years of experience in the technology field. He has a keen interest in various technical fields, including database systems, computer networks, and programming. You can read more about him on his bio page.
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