Bitcoin vs Ethereum vs Cardano

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I am a believer of Crypto currency and Blockchain technology and this is going to be the future of many things to happen. If you do not believe in Crypto, I request you not to spend your time reading below points and leave immediately.

There are many cryptos, but I believe the below 3 Cryptos will give a very good value in Future.

Bitcoin – This technology has the ability to conduct financial transactions without any Banks, the transactions can be done with any part of the world seamlessly and stored and confirmed via Blockchain. Imagine a product which can replace the banks? That’s the potential of Bitcoin. I request you to spend sometime on YouTube and understand what Bitcoin is. The main caveat is the supply is curtailed to 21 million Bitcoins. This is the mother of all coins. Personally I cant put a value to Bitcoin.

Founder : Satoshi Nakamoto (Anonymous)

Ethereum – This technology has the ability to conduct smart contracts. Imagine that a company can give an activity to a person under a contract with the work scope, completion date and other conditions. If the person is able to complete the work, then he can gets his Ether as per the smart contract. Here too we can have the contract with anyone in the world. Imagine the world becoming one big organization. That’s the value of Ethereum.

Founder : Vitalik Buterin, Anthony Di Iorio, Charles Hoskinson, Joseph Lubin, Gavin Wood and Jeffrey Wilcke

Cardano – This is similar to Ethereum but was founded in September 2017 by Charles Hoskinson who left Ethereum due to some difference of idea with Vitalik. Cardano is greener than Etherium. Cardano uses 0.00052 TW of energy whereas Ethereum uses 14.81 TW. (Bitcoin uses 77.78 TW). Cardano uses Proof of stake protocol vs Proof of work by Ethereum and Bitcoin. That is the reason for less use of energy. Cardano overcomes scalability, interoperability and regulatory compliance problems faced by other cryptos. Many government projects are beginning to run on Cardano.

Founder : Charles Hoskinson

Now coming to the financials, If we do not work in crypto environment, understanding and using them is above our capabilities. But we still can invest in them. 

Consider a scenario if you have invested 1 Lakh INR in Bitcoin on Jan 2017 (1.478471 Bitcoin) // 1 Lakh INR in Ethereum on Jan 2017 (179.472 Ether) // 1 Lakh INR in Ada Cardano on Jan 2018 (2095.799 Ada Cardano)

Imagine what could be the total value in INR as of 26th September 2021 (today when the post is published). 

1.478471 Bitcoin = INR 47,28,000 (Forty Seven Lakh Twenty Eight Thousand only)

179.472 Ether = INR 3,91,31,000 (Three Crore Ninety one Lakh Thirty one thousand only)

2095.799 Ada Cardano = INR 3,45,640 (Three Lakh Forty Five Thousand Six hundred and forty only)

Spend a minute and let that sink in.

Bitcoin has grown 4628% // Ether has grown a massive 39031% // Cardano has grown 246%.

Below graphs give a very clear view that all three have risen much more than it fell. 



I believe Bitcoin and Ethereum will provide good value in the coming years, where as Cardano will blossom similar to Ethereum.

My advice, Do invest in cryptos the amount you can loose completely. It involves understanding some use of technology and if lost cannot be taken back. So a bit of caution and knowledge is required before investing in crypto.

Hopefully one day the above Cryptos will give you Financial freedom (Complete control over your time) and will not make you worry on your supply of Fiat currencies.

Location: Chennai, Tamil Nadu, India

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