Steemit Crypto Academy Season 2 Week 1 Homework Post for @alphafx | Comparison Between Ethereum vs TRON By @kawsar
Today in this post I will share with you my Homework Season-2 Week-1 for @alphafx. The course that the professor @alphafx gave us today is really important and I have learned a lot from this course. Professor @alphafx Season-2 Week-1 gave us homework tasks: Give a detailed comparison between two blockchain platforms of your choice..
There was homework this week.
Give a detailed comparison between two blockchain platforms of your choice.
I will discuss today the difference between Ethereum and TRON.
ETHEREUM VS TRON NETWORK
Ethereum Smart Contract MLM vs TRON Smart Contract MLM:
Features of Ethereum Smart Contract MLM
- Ethereum Smart contract
- Ethereum Wallet
- Their App & Website with a user-friendly interface.
- Transactions Dashboard
- Dashboard for Commission Distribution
- Know Your Customer (KYC) Dashboard
- Helpdesk Ticket System
Features of TRON Smart Contract MLM
- Democratic Leaderboard
- TRON Wallet Integration
- Matrix plan
- Automated reinvest features can also be set up
- Instant automated withdrawals
Advantages of Ethereum Smart contract MLM
- Secure transactions
- 100% decentralized network operations.
- Instant withdrawals
- Participant anonymity
- All Transactions & addresses are stored in Etherscan.
- High transparency data stored.
Advantages of TRON Smart Contract MLM
- Low Cost
- 25000 TPS transaction speed
- high transparency of immutable transactions
- Instant peer-to-peer system
- Resistant to hacks
Algorithms:
Ethereum uses proof of work (POW) algorithm like Bitcoin. That is miners use computational power to solve mathematical blocks. Tron on the other hand is already using an algorithm called POS which is much less intensive. A rotating cast of 27 “super representatives” Approves the transaction on the blockchain.
Programming languages:
Ethereum Blockchain is build in Go, Rust, C++, Solidity. Ethereum Blockchain is decentralized applications support Solidity. TRON built in Java. but TRON supports more programming languages than Ethereum. Java, Scala, C++, Python, and Go are all consistent.
Ethereum vs TRON Compare
Transaction Fees:
One of the great advantages of Tron from Ethereum blockchain is that the transaction fees. The transaction fee of TRON blockchain is lower than that of Ethereum blockchain. Because the Ethereum blockchain fee is calculated on the basis of multiply gas and gas price while Tron's transaction fee is calculated on the basis of bandwidth and energy.
So, TRON smart contract powered transactions automatically attract Lower fees. Tron's transaction fee is close to Zero, which is very convenient for a trader and he feels comfortable to transact in this way. so, Every users prefer MLM platforms developed using TRON Blockchain smart contracts rather than Ethereum or Bitcoin powered smart contracts.
Transaction Speed:
Tron's transaction speed is much faster than that of Ethereum and the biggest advantage for Tron platform operators as well as platform users is that Tron's transaction speed is 25000 so users are willing to use this technology. We all want any work to be done very fast, now the technology is made that way. They are able to complete their transactions in a very short time
Ethereum or Tron Has a Better Future?
It is difficult to say now which blockchain will move forward in the future as these two platforms exist in sufficient numbers. Blockchain technology, along with the crypto industry, is still young and there is no way to tell what will happen in the future. Ethereum’s creator Vitalik Buterin and Tron’s creator Justin Sun are both working very fast on their own platform and its promotion and both are trying to take their platform far and wide and they are both young and young.
CC: @alphafx
Scoring
Thanks for participating.
Thanks professor @alphafx
Shared on twitter
https://twitter.com/kawsar_95/status/1382952616972357633?s=19