Crypto Academy Week 9 - Homework Post for [Lección 1 of @alphafx ]

Good evening professor, it is a pleasure to write for everyone about what we know and correct what we still need to improve.

The chains I chose for the Task are Ethereum and Tron, I will start with Ethereum.

Ethereum is the most popular blockchain in my opinion on the entire cryptocurrency ecosystem founded by the Ethereum Foundation and made up of hundreds of developers around the world.

It generates a block every 16 seconds approximately which may contain a transaction or some interaction with a smart contract.

It presents multiple problems, such as artificial congestion of malicious miners so that the user must pay a very high cost for its transfer but against is the chain more supported by the community for its strong progress, creation of technologies and not only generate expectations without producing a goal.

The currency used to pay for the gas is gwei (cost to be accepted for an interaction) when the gwei project started was 1 or 10 at most in 2021 have been able to see peaks over 500 gwei over 200 dollars per transaction.

My second network of choice is Tron Foundation.

Founded by Tron Foundation brings initiatives to solve the problem of scaling by introducing new approaches to spending and power distribution.

the cost for making a transaction on this network is cents, it can be free if you have enough energy, freezing its main currency which is TRX.

Tron does not use raw mining of cryptocurrencies, instead it distributes power among peers interested in improving the project in the future, it generates much simpler changes, lower cost of the network in general and a harmony in which reason leads to the future.

Each block is added every 3 seconds, which greatly improves the ecosystem and speed of the platform.

Unlike gas in Tron there is energy and bandwith, the way to get energy is to freeze a portion of your Tron in the network so that it generates enough cost to transfer your coins for free.

the way to get bandwith is by freezing your coins and providing the bandwith to your wallet.

There are also alternatives where you can borrow energy from the network for a low cost of trx.

In case you don't have the energy or bandwith, you don't cover the necessary amount that the network asks for, a very small commission from your wallet is used to cover the cost of sending a transaction or executing a contract which is usually the most expensive.

Etiqueta añadida: @alphafx

Image resource: Alphabet Public