Steemit Crypto Academy : Lesson 9 : Blockchain and Platforms homework to professor @alphafx

Hi, professor @alphafx am to be a participant in your homework. This is my work presented below.

QUESTION;
Give a detailed comparison between two blockchain platforms of your choice

SOLUTION

WHAT REALLY IS BLOCKCHAIN
What is a Blockchain Platforms?
Blockchain is a database that stores encrypted blocks of data then chains them together to form a chronological single-source-of-truth for the data[source]. Blockchain may be Permissionless or Permissioned. Examples of blockchain platforms are Ethereum, stellar, EOS, and others. For the purpose of this homework, I will also try to explain both Ethereum and Stellar and the differences that exist between these two cryptocurrencies.

Brief Introduction to Ethereum

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Ethereum is one of the widely known decentralized blockchains with the token name ether and is known for housing smart contracts as the platform is user-friendly for programming and also supplies smart contract functionalities.
Although Ethereum has many co-founders, it was first proposed in the year 2003 by Vitalik Butlerian a programmer[source).
Ethereum is a permissionless, non-hierarchical network of computers that assemble and come to a consensus on an ever-growing batch of transactions. The Ethereum Virtual Machine(EVM) solely responsible for supplying smart contracts in the run time environment. Ethereum uses a proof work system that is relatively slower in speed. Ethereum's smart contracts are written in high-level programming languages and then accumulated down to EVM bytecode and deployed to the Ethereum blockchain.

Brief Introduction To STELLAR

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Stellar is a decentralized open-sourced cryptocurrency founded by Joyce and Jep McCaleb co-founder of ripple which targeted financial institutions. Stellar target is inclined towards unbanks institution such as mobile money, financial base Apps built on blockchain to access and also make transactions. The consensus protocols of stellar do not need miners to verify transactions.

COMPARISON BETWEEN ETHEREUM AND STELLAR

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Although ETHEREUM and STELLAR both develop platforms of blockchain networks, they do in many ways. These include the following;source

1.Industrial Use- Ethereum is a multi-use industry while Stellar is Finance industry

2.Speed-- Eth 1.0: 30 transactions per second (2.0 can handle thousands per second) while Stellar. Check the image below.

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3.Consensus Algorithm- Stellar uses Consensus protocol (SCP) while Ethereum uses Proof of Work

4.Token rank- Stellar is ranked 11 but Ethereum 2.
Rank Token simply refers to a payment and a reward token.

check the image below.

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CONCLUSION
Ethereum is a global, open-source platform for decentralized applications on which you can write code called a smart contract that controls digital value and runs exactly as programmed. Ethereum is the most popular blockchain because of the apps you can write on top of it.source
On the other hand, the Stellar blockchain is an open network for storing and moving money. As we can see these two blockchains represent different business values. Ethereum works best for programming smart contracts in business integrations while Stellar facilitates the transfer of funds in a blockchain ecosystem source

I will like to thank professor @alphafx for enlightening us about cryptocurrencies on Blockchain.