Season 2 / Week 1: Blockchain Platforms 🖥️ ETHEREUM AND TRON by @caleb090 for @alphafx
Good morning for the entire community of Crypto Academy, thanks to Professor @Alphafx for the class and here my task of the week.
Blockchain: It is an electronic database of transactions connected in a peer-to-peer system verified by multiple computers. I had to choose between four Blockchain (EOS, Ethereum, Tron and Stellar). Today I am talking about them about Ethereum and Tron.
ETHEREUM
Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.
In 2013 in the month of December Vitalik Bulletin began with the development of the Ethereum with the first concept test and thus has gone in growth with each contribution and proof they perform. The Ethereum as Ether has the status of cryptodivisas, quoting it in financial markets.
A peer-to-peer network
Ethereum allows you to move money, or make
agreements, directly with someone else. You don't need to go through intermediary companies.
A more private internet
You don't need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance.
Banking for everyone
Not everyone has access to financial services. But all you need to access Ethereum and its lending, borrowing and savings products is an internet connection.
HOW DOES ETHEREUM WORK?
Ethereum operates via a global network of computers that work together as a supercomputer. The network assembles and runs smart contracts - applications that are, in theory, independent from any third party interference or censorship, as the blockchain is resistant to tampering.
WHY SHOULD YOU INVEST IN ETHERERUM
Well, the easiest answers to those two questions is yes - Ethereum is likely a good investment and investing in Ethereum could pay off big time.There are no intermediaries.All users have access to the activity in the same market. There is a transparency.You save time in manual processes.
Developer: Gavin Woody, Jeffrey Wilcke, Heikoheiko.
Operating System: Linux, Posix, Windows, OSX.
Programming Language: C, C ++, GO, Javascript, Python, Java.
Development Model: Open source.
Platforms: X86-64 ARM architecture
TRON
Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX)
Tron is an ambitious initiative that has lined up lots of potential milestones in the years to come.
Its current offering is called Exodus, the free platform suitable for peer-to-peer distribution and storage of content. Exodus is not using blockchain technology at present but uses a special web-based file system protocol that supports a distributed file system. This phase is expected to stay through December 2018.
The Tron network uses its cryptocurrency called Tronix (TRX).2
One can purchase Tronix on exchanges like Liqui and Binance by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not possible at present. It can be stored on wallets that support the Ethereum blockchain like MyEtherWallet.
Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services.
In March 2021, TRX was ranked 22nd on the list of largest cryptocurrencies by market capitalization.
CONCLUSION: One could consider the crypto networks Tron (TRX) and Ethereum (ETH) competitors within the cryptoconomy. While the ETH network is older than TRX, they both have similar goals and do similar things. As Ethereum strives to be a “world computer,” Tron aims to accomplish this feat as well, but with more of a focus on entertainment. They both leverage concepts like decentralized finance (defi), decentralized apps (dapps) and permissionless systems for token creation (ERC20 & TRC20).
CC:
@alphafx
Dear caleb, 79&% plagiarism was detected in your work. This is wrong and it has been recorded. Repitition of this offence will lead to ban. Endeavour to always cite your sources.
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