Here's how Cardano makes transactions cheaper and faster with the help of eUTxO
Cardano, on the other hand, uses a completely different mechanism called eUTxO. The main difference between the account-based model and UTXO is the way the network handles transactions. In UTXO-based blockchains, all transactions occur in parallel to each other. It brings a wide array of benefits such as determinism, lower transaction fees and less from running, but it makes the usage of decentralized applications on such networks more complicated.
According to Oravec, this is the superpower of UTxO since it allows making extremely cheap transactions without worrying about the stability of the network and congestion issues that Ethereum faces all the time. However, it is safe to say that Cardano has a long way to go in terms of network revenue and activity compared to Ethereum.
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