Crypto Academy Week 9 - Homework Post for @alphafx

in SteemitCryptoAcademy3 years ago (edited)

Hello every body welcome to another homework post which is the season 2 of learning about cryptocurrency as far as i am concerned, season 1 on was great but season 2 is awesome as far as i am concerned and also the new professors like @alphafx which is he or her homework that i am writing.

In the home work he said we should compare between two blockchains that have similarities and that is what i am about to do and in details as well and this blockchains that have similarity is polkadot and Avalanche.

Polkadot(Dot).

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This is one of my favourite project in the crypto world right now because it is just a package of every thing needed in defi right now in onw which is polkadot, from it's proof of stake structure to it's ability to allow oracles to run under one system.

Polkadot is really looking like what ethereum wants to be because of it's relay chain that gives it the ability in interworking different networks and another bonus it also allows the parachain with their own native tokens for specific use cases.

The Great thing about polkadot
Polkadot and ethereum have similarities but the difference or why polkadot stands out it's because of it's ability that it provides to people to be able to create their own blockchain with the security that polkadot provide unlike ethereum were you can create your own blockchain without any security from ethereum that means you have to create your own security.

PropertyRemark
Industrial Use CasesMulti Use
Governing Bodypolkadot team
Ledger Typeboth permission and permissionless
Consensus Algorithmproof of stake
Smart Contract CompatibilityNo
Block Confirmation Speed1,000 transactions per second
Token ranking7

Avanlanche (Avax)

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Avanlanche is another defi blockchain type of crypto currency that has come to solve a lot of issues associated with Ethereum because it normalizes the financial sector and bridges all blockchain platforms together into one coaction ecosystem it was created by ava labs which was commanded by Cornell researcher Emin Gün Sirer and it has already lauched it's mainet in september 2020.

The best part of Avanlanche crypto
The best part of avanlanche crypto is the fact that you can transact asssets flexibly with out no fees.

PropertyRemark
Industrial Use CasesMulti Use
Governing BodyAvanlanche developera
Ledger Typepermissionless
Consensus Algorithmprobabilistic protocol
Smart Contract Compatibilityyes
Block Confirmation Speed4500 transactions per second.
Token ranking35

Comparison Between Polkadot and Avalanche
In comparing this two I will be writing down which one of this two project offer the best service in

Scalability
Polkadot trusts to be able to reach 1000 validators within the transfer chain (yet as it were a little number of validators are relegated to each parachain), Polkadot claims to offer more tps than avalanche, but is restricted to the number of parachains (around 100) so scalabilty goes to Polksdot.

Decentralisation
AVAX offers unparalleled decentralization utilizing its progressive agreement conventions that can scale to millions of validators all taking an interest in agreement at the same time. There's no restrain to the number of subnets and virtual machines that can be made, and they can be made by anybody for a little charge while Polkadot trusts to oblige 1000 validators within the transfer chain (yet these are part among each of the parachains). The number of parachains is constrained and possibly fetched restrictive for numerous and the relay chain could be a eventually a single point of disappointment. While certainly not saying it’s centralised and it is more decentralized than numerous others, fair in comparison between the two.

Latency
With respects to execution distant as well much accentuation is fair put on tps as a metric, the other similarly imperative metric, in the event that not more critical with respects to fund is latency. Throughput measures the sum of information at any given time that it can handle though latency is the sum of time it takes to perform an activity. It’s futile saying you'll handle more exchanges per moment than VISA when it takes 60 seconds for a exchange to total. Moo latency moreover incredibly increments common convenience and client fulfillment, these days everybody anticipates card installments, online payments to happen immediately. Avalanche accomplishes the leading comes about scoring.

Shared Security
I think in this sector for now i will score both Avax and Dot 100% because Shared security is obligatory in polkadot and a key plan choice in its foundation. The transfer chain approves the state move of all associated parachains while Subnets in Avalanche can approve state of either a single or numerous virtual machines. Each subnet can have their claim token and offers a validator set, where complex rule sets can be arranged to meet administrative compliance.

Current Adoption
while it’s still early for all 2 ventures (and the whole blockchain space as a entirety), there's right now more ventures affirmed to be building Polkadot, generally due to it's longer time in advancement.

Enterprise Adoption
AVAX has been in advancement for a part shorter time period, but is propelling with an noteworthy include set right from the begining with capacity to form subnets, VMs, resources, NFTs, permissioned and permissionless blockchains, cross chain nuclear swaps inside a subnet, keen contracts, bridge to Ethereum etc. Applications can effectively harbour over from other stages and utilize all the existing tooling such as Metamask / Truffle etc but advantage from the execution, decentralization and moo gas expenses advertised. Right now in spite of the fact that fair based on the number of ventures in comparison.

Interoperability
All 2 frameworks are able to perform interoperability inside their environment and exchange resources as well as information, as well as utilize bridges to associate to outside blockchains. Polkadot gives the same believe suspicions for all associated parachains but has long conclusion and constrained number of parachain spaces accessible. AVAX gives the same believe suspicions for all blockchains inside a subnet, and diverse believe levels between subnets. Be that as it may due to the essential arrange comprising of all validators it can be utilized for believe. Avalanche moreover encompasses a much quicker conclusion time with no restriction on the number of blockchains / subnets / bridges that can be made. In general all 2mblockchains exceed expectations with interoperability inside their environment.

Tokenomics
AVAX with its settled capped supply, deflationary weight, exceptionally solid utility, potential to get air drops and moo market cap, implies it scores good, Dot moreover has exceptionally solid utility with the require for barters to procure parachain spaces, but has no deflationary components, no settled capped supply and tall swelling with supply of Dot expanding from 1 billion to 16 billion by 2050. Dot at the time of this composing is as of now esteemed at $3.8 billion, subsequently scores good.

they both score good but as a retailer I will rather hold Avax than Dot because we all know that if supply is low and the project is needed the price of that project appreciate.

Conclusion

Like i will tell every developer out there you have to find the block chain you know will favour your creation and bless you too and other as well any thanks for reading i go by the name @okoyeclinton400

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Scoring

AspectScoreRemark
Structural Presentation1adequately presented
Adherence to instruction0.5some rules followed
Quality of content4Nice work
originality1.5Post is not plagiarized, nice job.
TOTAL7well done, see you next time

Thanks for participating

Thanks for the review @steemcurator2

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