Steemit Crypto Academy | Season 2: Blockchain and Platforms - Homework Post for @alphafx

in SteemitCryptoAcademy3 years ago (edited)

ʜᴇʟʟᴏ ᴛʜᴇʀᴇ,

As we know @alphafx delivers a lecture about the different blockchain platforms which include EOS, ETHEREUM, Tron, and Stellar. There are all the highly ranked blockchain platforms. I am going to explore Tron and Ethereum blockchain platforms. Why I choose these two? because we know Tron is now rewarded in steemit and we must be aware of this platform. Its comparison with Ethereum will be more educational.


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𝕎𝕙𝕒𝕥 𝕚𝕤 𝕋𝕣𝕠𝕟?

Tron also know as TRX is a decentralized blockchain. This means that it has more secure transactions and efficient. Justin Sun is the founder of TRON. His aim to provide us a user-friendly platform to create the DApp or Smart Contracts with a little coding. TRON provides us a platform to create a new DApp or smart contract. It provides us the facility to own, manage or create the DApp. It based on a network that is fully working on Delegated Proof of Stake (DPoS) which's why TRON has achieved the 17th Rank in the Market.



ᴡʜʏ ᴛʀᴏɴ?

Justin Sun says that he has an interest in blockchain and during his research, he came to know the creation of DApps or Smart Contracts is very difficult. His motive was to create TRON as scaleable as everyone can use it to create DApps or Smart Contracts easily and makes it massive useable. As TRON works on DPoS so their transaction speed is better than the Bitcoin or ETH which are using the PoW network. Also, the transaction fee is low in the DPoS network.


ʜɪsᴛᴏʀʏ


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The history of TRON begins in early 2017. At this time Justin Sun officially launched the Singapore-based non-profit organization known today because of the TRON Foundation. The aim of this organization was to create the infrastructure for a decentralized internet and supply a democratic system to manage the new network and scalability so everyone can use it easily. As of April 2021, one TRX is worth quite $0.152. it's up quite 8265.2% over the last three years. On Dec 21, 2019, TRX was trading at just $0.013. On Dec.. 08, 2020, it hit $.030 .



ᴡᴀʟʟᴇᴛs

  • Mobile/Software Wallet
    The advantage of a mobile wallet is that it’s easy to use and provides you with instant access to your cryptocurrency. The disadvantage is that it’s more susceptible to hack. Remember, your mobile wallet is usually online, therefore, it’s always in danger.
  • Hardware Wallet
    If you are seeking to invest in TRX or if you're planning on holding this crypto for long periods of your time, a hardware wallet is that the best choice. Hardware wallets are safe and save your assets offline. You can use Ledger or Nano S or improved Nano X also. Or you can use any Hardware wallet that supports TRON.

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ConigeckoCoinmarketcap
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𝕎𝕙𝕒𝕥 𝕚𝕤 𝔼𝕥𝕙𝕖𝕣𝕖𝕦𝕞?

Ethereum is an open-source and Decentralized Blockchain Platform. It got 2nd rank in the market. It is the 2nd largest blockchain after Bitcoin. Ethereum allows us to build DApps and Smart Contracts with no downtime. Ethereum is used in two different ways. In one way we use it to trade it digitally and in a second way, we use the Ethereum network to run applications. The main goals of the founders of Ethereum are to provide a platform that supports the world’s second-largest cryptocurrency, is to form these sorts of apps easier to make. There are many challenges in trying to succeed in this goal. Ethereum is open-source so its code is publically available. Everone expert can can read or audit its code.


ᴡʜʏ ᴇᴛʜᴇʀᴇᴜᴍ?

Because the Ethereum is open-source so, its easy to copy and audit its quality code which is sometime better than writing a code from scratch. It is based on Decentralization technique, So, no central authority can stop it or the DApps that build on its network. It also provide the facility of smart contracts. It works on Proof of Work (PoW). So, its transaction speed is low than the tron and the transaction fee is high than the TRON transaction fee. Remember that each node within the network holds a replica of the transaction and smart contract history of the network. whenever a user performs some action like a transaction, all of the nodes on the network must be agreed upon so that this alteration happened. The algorithm PoW firstly implemented by Bitcoin. This is what keeps these far-flung nodes in sync.


ʜɪsᴛᴏʀʏ

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As of April 2021, one ETH is worth quite $2,400. it's up quite 551175.9% over the last five years. On Oct 20, 2015, ETH was trading at just $0.432. On Oct.. 26, 2018, it hit $202. .


ᴡᴀʟʟᴇᴛs

  • Mobile/Software Wallet
    Ethereum has its own myetherwallet that you can use within your mobile phone. Its also can be connect to windows via the extension. There also Maetamask wallet available for the ETH. Security of software wallet are private keys or keystore file.

  • Mobile/Software Wallet
    You can use any hardware wallet that support ETH like Ledger Wallet, FINNEY, Trezor etc. HArdware wallet are more secured and personal.


ConigeckoCoinmarketcap
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▀▄▀▄▀▄ Respected Professor ▄▀▄▀▄▀


@alphafx

🅱🅴🆂🆃 🆁🅴🅶🅰🆁🅳🆂


@faisalamin

T̳̿͟͞h̳̿͟͞a̳̿͟͞n̳̿͟͞k̳̿͟͞s̳̿͟͞ ̳̿͟͞f̳̿͟͞o̳̿͟͞r̳̿͟͞ ̳̿͟͞R̳̿͟͞e̳̿͟͞a̳̿͟͞d̳̿͟͞i̳̿͟͞n̳̿͟͞g̳̿͟͞


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Scoring

AspectscoreRemark
Structural presentation1adequately presented
Adherence to instruction1.5all rules followed
Quality of content2.5Nice work, but needed more on the detailed comparisons
Originality1.5post is not plagiarized, nice job
TOTAL6.5well done, i would have loved to see side by side comparisons on features, see you next time

Thanks for participating

Thanks, I will be covering my lags next time.

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