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Cardano Founder Champions Superior Transaction Costs Compared to Ethereum

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Some Cardano proponents have highlighted the blockchain's superior efficiency over Ethereum

the financial advantage of Cardano over Ethereum when it comes to transaction costs.

The crypto mogul pointed to a tweet claiming a transaction of 56 assets on the Cardano network cost just $0.14, a fee he claims could never be matched by Ethereum. In his tweet, he hints that the lower costs may be attributed to the unique features of Cardano's blockchain architecture including extended UTXO , native assets, and its smart contract language Plutus.

Extended UTXO refers to the underlying ledger model of Cardano. Meanwhile, Plutus is the platform’s smart contract language, which powers decentralized applications . These elements are designed to ensure secure and cost-efficient transactions, which is key to the overall utility and adoption of a blockchain network.

 

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