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Cardano Ecosystem

Cexplorer

09/11/2023

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Comparison of fees on Cardano and Ethereum platforms

In our previous article, we explained how to run a script or smart contract on Bitcoin, Ethereum, and Cardano. In this article, we will compare Cardano and Ethereum.

Comparison of fees on Cardano and Ethereum platforms

In our previous article, we explained how to run a script or smart contract on Bitcoin, Ethereum, and Cardano. In this article, we will compare Cardano and Ethereum. 

We will focus mainly on fees. We will explain what the fees depend on and how they are affected by the design choices the teams have made when building the platforms. 

The costs of executing smart contracts The execution of smart contracts in a distributed network consumes computer resources. Users must pay a fee to execute a smart contract. Executing a contract requires more resources than validating a normal transaction, so the fees are usually higher. 

To measure the amount of computational effort required to execute a smart contract on Ethereum, the concept of GAS is used. GAS is a unit that represents the smallest f Read article: Comparison of fees on Cardano and Ethereum platforms

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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