Bitgert is a new blockchain platform which launched this year only. It started as a DeFi platform on the Binance Smart Chain. It raised waves in the blockchain space, when it launched its own blockchain platform Bitgert BRC20, which is one of the fastest blockchains -processing over 100,000 transactions per second, and also the cheapest-with near zero Gas fees. As touted by industry experts, Bitgert can be one of the future leaders of the crypto industry, even to the extent that it can dethrone the incumbents Cardano, Solana and Ethereum. But does Bitgert really has that much of potential. This guide tries to compare the two blockchain platforms, i.e. Bitgert vs Cardano and conclude which one will be the winner in the future?
Read Cardano vs Ethereum here.
Read Bitgert vs Solana here.
All right, now let us get started with Bitgert vs Cardano. But before that, let me introduce myself. What is my expertise.
A warm welcome to you, to my website where I write about blockchain concepts and try to make them simpler to understand. I am a Computer Engineer and an Ex-KPMG. I have been studying blockchain since 2018 and have a firm belief and understanding that blockchain is going to disrupt most of the industries (in fact, it already has disrupted most of them) be it finance, healthcare, government, real estate, music, art, and more.
Before getting to the topic of Bitgert vs Cardano, let’s first try to understand what are Bitgert and Cardano exactly? If you are already aware of them, you can skip to the main part-Bitgert vs Cardano.
Table of Contents
What are Bitgert and Cardano?
Both Bitgert and Cardano are blockchain platforms. Bitgert was launched in July of 2021 on the Binance Smart Chain by Bitgert- a crypto engineering organization. Later in 2022, they developed their own BRC20 blockchain platform. As mentioned earlier, the Bitgert BRC20 blockchain is a super-fast blockchain with a speed of over 100k transactions per second and a near zero gas fee.
Cardano was developed in September 2017 by two developers namely Jeremy Wood and Charles Hoskinson, who helped in the development of Ethereum blockchain.
What makes Cardano unique?
- Circulating Supply 33,820,262,544 ADA coins and
- Max. supply 45,000,000,000 or 45 Billion ADA coins.
Science focused approach. Cardano code is open to peers for reviews and suggestions for improvement. These reviews and suggestions are strictly backed by academic and market research and evidence for betterment of the blockchain platform. This is most likely a better approach to implement forks (changes in the code) as compared to the forks based on voting in other blockchain platforms like Ethereum.
Cardano’s vision and focus for developing nations might give ADA a global currency status. Cardano is following the vision to turn developing nations to blockchain based economies. Cardano is spreading education, fostering bankless blockchain based economies, Smart Contract implementations and tokenized assets in these nations. This alludes towards ADA being a currency for these developing nations. Eventually it may be a major currency globally.
What makes Bitgert unique?
Bitgert was launched in July of 2021 as a DeFi project on the BNB chain, using BNB as the utility token to pay rewards. However it created a name for itself this year in 2022, when it launched its own BRC 20 blockchain platform.
The Bitgert BRC 20 blockchain platform offers near zero Gas Fee and high speed chain transactions. More specifically, the gas fee is $0.0000000000001 per transaction, while the supported throughput is up to 100,000 TPS.
The Bitgert ecosystem which is constantly growing comprises of the following projects.
Bitgert Blockchain which is an EVM-compatible blockchain with gas fees as low as $0.00000001 per transaction and processing speed of over 100,000 transactions per second
BRISE Wallet with BRC20/ERC20/BEP20 support for Android and iOS. The multi-currency crypto wallet allows users to send, receive, store and swap various crypto assets in a safe and secure manner;
BRISE Swap is a fast and cheap decentralized exchange (DEX) powered by BNB Chain. BRISE Swap positions itself as an alternative to the PancakeSwap platform – a decentralized exchange for swapping BEP20 tokens on BNB Chain;
BRISE Staking. The project allows BRISE holders to stake their tokens and earn ??BUSD in reward;
Audit Solutions with Leaderboard Support is responsible for security of the blockchain. Bitgert Audit uses cutting-edge AI Technology and Manual code review to protect smart contracts;
Bitgert Bridge. The project is still under development, however, in the near future, the technology will help transfer assets from BNB Chain to Bitgert Chain.
Bitgert is designed to increase in value by applying regular buybacks and token burnings
One of the reasons why the Bitrise token is a good buy, is that it is designed or it is operated in such a way, that its value increases with time. The Bitrise or BRISE token undergoes regular and automated (Smart Contracts governed) buybacks and burns, which increases its scarcity and hence increasing its value.
You can understand it from the perspective of fiat money. Fiat money is printed more and more which causes a surplus hence decreasing its value (inflation).
On the contrary a scarcity is maintained for the Bitrise token (BRISE or Bitrise) by burns and buybacks at regular intervals.
The Buyback feature of the Bitgert blockchain works in the following manner. A 6% Buyback tax is levied on each transaction in the Bitgert blockchain. The Buyback fund hence accumulated is used to buy Bitrise/BRISE tokens sold which are then burnt, hence reducing the supply of tokens.
Bitgert vs Cardano
Scalability and Gas Fee
The Bitgert blockchain is claims to be one of the fastest blockchain till date with a processing speed of over 100,000 transactions per second. (TechPay Chain claims to be the fastest with a processing speed of 300,000 TPS). It is way faster than the Cardano blockchain which has a processing speed of mere 250 transactions per second.
Furthermore, the Bitgert blockchain charges near zero Gas Fee for any transactions on its platform. This makes the Bitgert blockchain a platform of choice for Smart Contract and Dapps’ developers. They can avoid the hefty Gas Fee which is a normal phenomenon in other blockchain platforms like Solana, Cardano, Ethereum.
A quick comparison of the speed of transactions and Gas Fee charged for transactions on some of the popular Blockchain platforms is given below.
Hence, Bitgert blockchain is a clear winner in the “Bitgert vs Cardano” fight, when it comes to scalability and transaction fees charged.
Projects built on blockchain
Gas Fee and Transaction speed:
There is Gas fee required to deploy your Smart Contracts and hence build Dapps on the Cardano blockchain. Whereas the Bitgert blockchain allows you to deploy your Smart Contracts at a near zero Gas fee. Hence, it is probable that more and more Smart Contracts and Dapps will be deployed on Bitgert in the coming years. Besides, Bitgert is EVM compatible which is mentioned below.
Bitgert is compatible to the Ethereum Virtual Machine (EVM). This implies that Dapps built on top of the EVM can also run on the Bitgert blockchain. This makes developers to enjoy the benefits like negligible Gas fee and high transaction speed of the Bitgert blockchain. If Bitgert maintains its current pace of developments, adoption and constantly expanding ecosystem, there can be massive transitions seen by Bitgert becoming the blockchain platform of choice of developers and users.
Vision and Roadmap
The vision and roadmap of the Bitgert blockchain is quite impressive. The team is aiming to launch 1000+ projects by the end of this year. Some 20 plus projects have been launched or are in the beta version. The projects span across the NFT, Metaverse, DeFi spaces.
Cardano on the other hand, which is almost 5 years old has hundreds of projects spanning across the DeFi, Metaverse, NFT, gaming, DEX, payments, lending and borrowing, launchpads, wallets and more. Check the complete Cardano projects’ ecosystem here. According to a recent Twitter post (April 2022) from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network.
So the point of the matter is that currently Cardano has a massive ecosystem of Dapps as compared to Bitgert. Although Bitgert is moving at a fast pace in adding projects to its ecosystem. The Bitgert Startup Studio is one such move to expand the Bitgert network aggressively.
Bitgert has developed a wallet (BRISE wallet) which supports all BRC20, ERC20 and BEP20 tokens. Brisepad is the DEX hosted on the Bitgert chain which also offers IDO. It plans to launch a Centralized Exchange, Oracle, Paybrise Dapp in the coming few months.
Whether Bitgert will be able to surpass Cardano for TVL is yet to be seen. In my opinion going by the vision and roadmaps of the two blockchains, strategic directions they have adopted and their respective teams, both the blockchain platforms will be the leaders of the blockchain space in the coming years.
NFTs and Metaverse
NFTs and Metaverse are the hot buttons not only in the blockchain space but also in the technology space as a whole. It will be true to say that the level of adoption of a blockchain platform in the future will depend on how much the platform contributes in the NFT and Metaverse arena. Let us check the maturity of the NFTs and Metaverse practices in the Bitgert and Cardano blockchains.
Let us first analyze the volume of NFTs minted and traded on the blockchain platforms-Bitgert and Cardano. Cardano here is a winner, which facilitates more volume of NFTs minting and trade as of date. However, owing to the fast speed and near zero fee of Bitgert blockchain, this tide can turn to the other side in the coming years.
On Sept. 12, 2021 Cardano released its highly-anticipated Alonzo upgrade. After this update, the blockchain platform was able to incorporate smart contract and NFT capabilities. There are hundreds of NFTs been minted on the Cardano blockchain everyday. There are a number of popular NFT Marketplaces which host NFTs on the Cardano blockchain. Cardano is becoming a popular choice among NFT creators other than Solana and Ethereum owing to its low cost and environmental friendly solution for NFTs. Some of the most popular Cardano NFT Marketplaces can be found here.
Bitgert which launched its roadmap V2 is all set to launch its NFT marketplace. Bitgert, which launched only late last year, backs the NFT marketplace, namely MIIDAS. MIIDAS which is in its Beta version, is the first NFT Marketplace which trades both digital and physical assets. Until now, all the NFT Marketplaces were only featuring digital assets like music, digital art, video games, GIFs, etc. MIIDAS also offers physical assets like painting, houses, fine arts, jewelry, etc. They plan to deliver the physical assets at your doorsteps.
Now let us analyze in terms of speed and fees of buying, selling and minting NFTs on these two blockchain platforms. Clearly, Bitgert is a winner. Bitgert is faster than Cardano and will probably ask a near zero fee for trading NFTs in its NFT Marketplace. Due to high speed and lower fees, people might eventually shift to Bitgert based NFTs in the coming years.
When we talk of the Metaverse, again Cardano being an early arriver in the seen has multiple projects in the particular space. Cardalonia is one such project which is creating waves. It is a play to earn game which allows you to win tokens while playing the game. These tokens can be exchanged for fiat money or other cryptocurrencies in an Exchange.
Bitgert on the other hand, is at its nascent stage is building its Metaverse footprints. The Bitgert Startup Studio program which provides funding, technical and marketing support to new and innovative crypto projects has backed Omniaverse, which is the first Multiverse.
Ease of trading
ADA (native token of Cardano blockchain) can be traded at multiple Centralized and Decentralized exchanges including Binance, FTX, Coinbase, KuCoin, Kraken, Gate.io and more. There are several options for trading pair including USD, USDT, BTC, EUR, BNB, ETH and more.
BRISE token (which is the native token of the Bitgert blockchain) is also available by now on multiple exchanges including Gate.io, KuCoin, PancakeSwap, LBank, BitMart, etc. But still it is comparatively more difficult to buy BRISE tokens than it is to buy Sol tokens. The liquidity in the market for BRISE token is lesser as compared to the ADA token. This difficulty might fade off with time as more volume of BRISE tokens gets traded in the market. One such recent development towards making the BRISE token more accessible to buyers is the Sphynx Labs. The Sphynx Labs allows for easy swapping for BRISE tokens.
Hence, if we consider the ease of trading, ADA token of the Cardano is much easier to buy and sell than the BRISE token, at least at the time of writing this guide.
With Bitgert expanding its horizon by adding more Centralized and Decentralized exchanges to its list, this situation will change for good for Bitgert. It will also improve, when more and more people will know and adopt Bitgert and BRISE. But it does not shy away the fact that Cardano will also be improved in these aspects in the future. Realistically speaking both Bitgert and Cardano have bright futures and probably will be the leading cryptocurrencies in the future.
Again, Cardano being the pioneer, has already gained the traction and massive market capitalization. It is among the top 10 cryptocurrencies in the world in terms of market capitalization and the volume of trade happening per day. Currently at the time of writing this guide, Cardano is at rank 8 with a live market cap of $17,481,863,730 USD as per CoinMarketCap data.
The current CoinMarketCap ranking of Bitgert is 3063, with a live market cap of not available.
Bitgert vs Cardano-Conclusion
There is no doubt that the Bitgert blockchain boasts powerful and distinguished features, be it the near zero Gas fee and the high speed of transactions (2 seconds Block finality and 100,000 Transactions Per Second), which makes it a popular bet among the crypto community, for being the next big thing in the space. It is moving ahead at a fast pace adding newer and promising projects in the Dapps, NFTs and Metaverse spaces. It already has launched its Audit Solutions with Leaderboard Support, BRISE dApp Wallet, BRISE staking, BRISE Swap, and Bitgert Bridge.
However, Cardano has been a favorite among developers mostly after the Alonzo update in September 2021.It became a favorite among the developers and users owing to low cost and environment friendly solutions that it delivers. Cardano already encompass a large ecosystem of projects in DeFi, gaming, NFTs, Metaverse, lending and more. According to a recent Twitter post (April 2022) from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network.It has managed to build trust among the developers and users over this time.
Crypto is a volatile space and projects need time and participation from the users to sustain. Whether Bitgert becomes a leader to the extent that it beats Cardano and other popular platforms like Solana, Ethereum, Polygon, etc. , will be answered in the coming years. We need to patiently observe the developments in both the platforms.
My answer to Bitgert vs Cardano. Which one is a better investment opportunity in 2022? Which will sustain in the future?
According to me, both Bitgert and Cardano will co-exist in the coming time. They will pose strong competition to one another. Cardano might come up with updates in the coming years which might again push it to the top of the pyramid. As mentioned earlier, according to a recent Twitter post (April 2022) from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network.
However, investing in BRISE will be a good option, since it still has to reach its zenith. It has the potential, the vision, features, policies (explained above) which can make it the future leaders in the crypto industry. It can reap in huge profits by investing in early.
In the long term, I believe both ADA and BRISE will be good investment options.
What is the market cap of Bitgert?
The current CoinMarketCap ranking of Bitgert is 3063, with a live market cap of not available.
What is the market cap of Cardano?
At the time of writing this guide, the live market cap of ADA is around USD 17 Billion or $17,481,863,730 USD to be specific, as per CoinMarketCap data.
How many BRISE tokens are there?
Maximum Supply: One quadrillion tokens
How many ADA tokens are there?
Circulating Supply 33,820,262,544 ADA coins and
Max. supply 45,000,000,000 or 45 Billion ADA coins.
Where can you buy Bitgert or the BRISE token?
Who are the founders of Bitgert?
Until now the team behind the Bitgert project remains anonymous. Reportedly the team announced to reveal their identities soon. Doxxing the team’s identity will further raise the trust level of investors and developers on Bitgert.
This guide is not an investment advice. It is my personal opinion. Please undergo proper research before investing in cryptocurrencies.Disclaimer
If you are sincerely looking forward to invest in cryptocurrency space and hold the investments for long, use a hardware wallet like Ledger or Trezor. These wallets store your cryptocurrencies (keys to cryptocurrencies) in an offline environment which is therefore cannot be the victim of an online hack or malware practice. Storing your digital assets in an Exchange or software wallet often attract online attacks and malwares.Word of Advice