Crypto Academy | Season 2 | Homework Task 1: Comparison of EOS AND TRON FOR @alphafx PROFESSORS

in SteemitCryptoAcademy4 years ago (edited)

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While crypto is heading for a big change, there are great competitors like EOS and Tron who are planning to hit a solid crypto base. Scalability issues and solutions to old Ethereum problems are provided by EOS and Tron. They are both great market competitors and compete with each other for the most decentralized market. Therefore, this article is to differentiate between EOS and TRON, so that we can both see what is superior between the two.

EOS

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What is EOS?

EOS is a Blockchain-based decentralized system that is specially designed to support all Commercial scale decentralized applications by providing all the necessary core functions. So that it allows EOS to be adopted in Web and Mobile-based applications.

EOS's Blockchain architecture can allow for massive scaling, so that millions of transactions can be processed every second. Moreover, transaction costs can be reduced to micro numbers, or close to zero, so that efficiency in using Blockchain can be achieved.

EOS uses Delegated-Proof-of-Stake, where the ability to fix bug changes and rollback was first introduced with a super majority consensus.

The advantages and disadvantages of EOS

The advantages of EOS

Fast transaction processing
EOS features a transaction capacity hundreds of times larger than Ethereum. Data from the current EOS block explorer shows that it is capable of processing 3000 transactions per second. The main advantage offered by EOS, when compared to Ethereum which is only 15 transactions per second, then EOS is far superior.
Can be used for investment
Apart from being a payment tool, EOS can also be a reliable investment. Because EOS offers security in investment.

Avoid money counterfeiting
One of the problems with using paper money and credit cards is that they are prone to theft and counterfeiting. Technically in the digital world, there is a term "double spend", which means that using the same money, someone makes transactions for two different things. The blockchain scheme in cryptocurrencies does not allow this to happen, it can be said to be safe.

Lack of EOS

Less efficient Confirmation of block data that occurs on the blockchain network requires agreement from parties on the blockchain network, so of course it takes longer than the main authority. If there is a major authority it may only take seconds, but blockchain networks can take 1 minute, 10 minutes, or even days, depending on the speed and capacity of the network.

It's hard to control Its decentralized nature makes the parties on the blockchain network spread across various parts of the world and of course, are different parties. Due to this, if the network requires updating or technological development, the renewal cannot occur in its entirety, depending on whether the parties want to update it or not, this is related to the soft fork and hard fork of a blockchain network.

Transactions cannot be canceled Because the blockchain is a decentralized platform, all transactions will be recorded in the digital ledger on all computers that have them, so transactions cannot be undone. It is different from the traditional system in banks which allows cancellation of transactions if there is an error

TRON

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what is tron

Tron is a blockchain-based decentralized platform, which was launched in 2017 at the ICO and within a few weeks, TRON increased its price 1000 times. He was awarded as number 30 in Asia by Forbes and has developed the voice mapping application Peiwo.

Justin sun

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Tron's founder is Justin Sun a young Chinese entrepreneur and a former representative of the Bitcoin platform Ripple in China.
Tron dimiliki oleh organisasi nirlaba, Yayasan Tron, dan sumber terbuka untuk digunakan oleh siapa saja di mana saja. Tron memungkinkan jaringan blockchain terdesentralisasi untuk membangun DApps dan menyediakan cryptocurrency Tronix (TRX) berbasis blockchain.

Following are the features of TRON

Tron wants internet users to control their own data.

Data is free and not controlled by any person / government.

In an ecosystem that is controlled by content, if you share data, you get other data.

Personal ICO with the ability to distribute digital assets.

A different infrastructure that allows distribution of digital asset exchanges (such as online games) and marketing forecasts.

Tron excellence

Cheap transaction fees Supposedly, using the main Tron system does not cost anything at all. However, the network became very slow and they decided to charge 0.000005 cents per transaction.

Smart contract Tron, like the ERC-20, also supports smart contracts. Users can be sure that they will not be fooled by scammers because the existing program on Tron will benefit such as: decentralized, fast, lightweight and can expand quickly.

Can make transactions on a large scale The Tron network allows users to make large transactions without limits. The blockchain technology behind Tron can handle 1000 transactions per 1 second (TPS), when compared to Ethereum and Bitcoin which can only do 15 and 7 TPS.

Lack of TRON

Same code as Ethereum

TRON does not have a great development team like Ethereum and Bitcoin, this can be concluded because they only copy the Ethereum code. Tron only changes the block processing time and block size. That's what Tron did by copying Ethereum and changing some rules to the protocol.

Not suitable for long term investment

If you want to invest in the long term, then TRON is not the right asset for you. TRON has minimal innovation and the adoption rate of blockchain users is small.

Too much coin supply

Currently Tron Coin has a very large supply of coins reaching 100,000,000,000 TRX probably because of this that makes Tron stand out from a shortage point of view.

Difference between EOS vs TRON

Transaction validation

Both EOS and TRON work on the delegate Proof of stack mechanism, which is different from Proof of stack. The Delegate Prood of stack (DPOS) mechanism is where the selection of block producers will be made by voting.

When it comes to EOS, there will be a total of 21 block producers, of which 20 will be selected by the top 20 received votes and 1 will be randomly selected. If talking about TRON than they have a total of 27 block producers known as super representatives who are selected based on their Votes will pass the voting system.

Each holder of EOS and TRON is entitled to their respective Vote for the Block manufacturer or their representative. That means both have proven their main advantages in eliminating the weaknesses of the stack mechanism that occurs in Etehreum.

Work mechanism

The success of blockchain-based networks depends on the mechanism of action, we have already discussed that both TRON and EOS use the Delegate Proof of Stack mechanism.

EOS offers a network owning service, where if you accumulate coins from a specified number of CPUs, the RAM and bandwidth to use the network will be allocated to you.

There is no need to pay any network fees when processing transactions on the network which means a new type of platform that requires doing stack coins.

However, Tron follows a stacking mechanism to gain network power but will require you to pay Tronix coins (TRX) to pay as an online transaction fee. Where to use it in the future can create problems as the price of the Tron coin will go up.

However, it will be easy to manage your future plans by having a network on EOS because you don't have to worry about transaction fees.

EOS and TRON Comparison Table

EOSTRON
KoinEOS (EOS)Tronix (TRX)
Transactions Per Second (TPS)40002000
Mainnet Launch Datejune 14 2018june 25 2018
Total Raised in Crowdsale(as of September 2019)4 Billion70 million
Biggest Public ControversyFreeze AccountPlagiat

Pilih Mana: EOS atau TRON?

EOSTRON
Advantages- Fast transaction processing - Available for investment - Avoiding counterfeiting of money- Low transaction costs Smart contracts Can make transactions on a large scale
Cons- Inefficient-Difficult to set up - Transactions are irreversible- Same code as Ethereum Not suitable for long term investments-Too much coin supply

Conclusion

EOS and TRON both develop platforms and provide the same type of blockchain network. TRON has started a marketing strategy by acquiring other people and giving rewards to users which increases its user base and daily transactions. TRON offers blockchain network services by renting services or paying transaction fees, however, EOS offers a proprietary model by simply stacking coins.
Cc: @alphafx

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Well, there's Erangel map on your profile so we were bound to be friends anyway, but this work was nicely done.

Scoring

AspectScoreRemark
Structural Presentation1adequately arranged
Adherence to instruction1.5all rules followed
Quality of content5Nice work, explained nicely and well
originality1.5Post is not plagiarized, a unique cover image too, nice job.
TOTAL9Nice work, I like this. Although I wouldn't say Tron is not a good investment, opinions differ.

Thanks for participating

Thanks you professor @alphafx and @levycore

@steemcurator02
This post has been verified by my assistant professor @levycore to be plagiarized.

He translated from indonesian so it was not detected.

Here is the original

https://www.selera.id/pilih-mana-eos-atau-tron/

Please what could be the penalty for such act

blacklisting and banning

How long has the black list been

Sorry proff but I don't know because I didn't plagiarize this post I made it after I understood what tron ​​is and what is trx

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