Good day to the steemit community, I first of all send my regards to professor @alphafx for his deligent works, I enjoyed the lecture and it also impacted me on my road to mastering the blockchain network, I can't wait to participate in the upcoming lectures. This is my presentation on the homework assigned to us by professor @alphafx, it's about the comparison between the Tron and Ethereum networks.

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Blockchain

Blockchain is a decentralized database. It stores data, links them together to form a single trusted system of data. Due to how the blockchain is designed, data stored on it is almost impossible to be modified. That is why it is accepted in healthcare, Cyber security, digital currencies for legitimate issues.

The whole point of using blockchain is to let people- in particular, those who don't trust one another- share valuable Data in a secure temperpool way. - MIT Technology Review

The Crypto currencies use the blockchain technology to serve as an enhanced security system, hence making transactions online is secured. This week's lecture by professor @alphafx was based on the blockchain technologies, the homework assignment is to compare two blockchain technologies, this write-up is my presentation on the homework assigned by professor @alphafx, which is a comparison of Tron Network and Litecoin. I am writing about those technologies in the first part then followed by their difference and similarities.

Tron Network

_Freepik

Tron is one of the blockchain-based decentralized platforms. It makes sharing of digital content easy and effective. It was funded in 2017. Tron employs blockchain technology to bridge the gap between content creators and content consumers.Content consumers using the Tron network have reduced the cost of the content they have consumed, while content creators have improved receipt collection.Therefore, with Tron network, it is win-win for both content creators and consumers. With Tron, people globally can enjoy digital entertainment through their network, and pay the content creators directly. This seems to address the issue of a few people controlling the the internet

Tronix

Tronix is the digital currency for the Tron network . Tronix can be traded or exchanged for other crypto currencies like Bitcoin on trading platforms. With Tronix, content creators can get their payment from consumers who want to access their content. The content creators can then exchange it with other crypto currencies. As at today , 1 tronix is equivalent to $0.143 it's blockchain ranking is 22nd

Ethereum Network

_Freepik

Ethereum is also a blockchain based network. It is one of the platforms for digital currency exchange launched in 2015. It currently the second most popular crypto currency. It hosts about 2,990 decentralized apps (dApss). Vitalik Buterrrin created it, and their main focus is on decentralization and security.Ethereum is an open source, running smart contracts.

People can create and run apps on the Ethereum network, and it can also be used to share data because users have control over their data.

Ether

Ether is the digital currency used by the Ethereum network.It can be used to trade and exchange other crypto currencies. The current price of 1 ether is equivalent to $2453.91 . It's the second most popular crypto currency currently

My comparison between the Tron and Ethereum networks is going to be based on these 4 benchmarks of blockchain:

1. Decentralization
2. Network Security
3. Transaction Speed
4. Market Trade
   as they can help determine the current situation of a blockchain network.

This table compares the two blockchain networks

Factor	Tron	Ethereum
Decentralization	Less Decentralized applications and nodes on the Tron network as compared to the Ethereum network. Current number of TRX nodes is 27 nodes	More Decentralized applications and nodes than Tron network, it has a large number of nodes
Network Security	The is a particular bug bounty program on the tron network which has not been updated for years, though there has'nt been much data breaches to their network. Poor documentation on the Decentralized apps(dApps) as compared to the Ethereum network	Ethereum has a secured mainet, proper documentation on the development of the developmentd dApps.They have been very tight on their network after the DAO hack scandal
Transfer Speed	Tron Betwork have a faster Speed as compared to the Ethereum network. Transfer transaction in Tron takes 15 secoonds	Lower transactions speed when compared with tron network as it's transaction speeed takes about 6minutes
Market Trade	Trx market cap as at 7:40 AM GMT, 15th April 2021 was USD10 bilion and 24hr trade volume was USD6 bilion making market cap per volume 0.12	Eth market cap at the same time was approximately $285 bilion with 24hr trade volume of approximately $36, making market cap per volume 0.26

Conclusion

There are some similarities between the TRX and ETH technologies, they are all decentralized blockchains and also elaborate third party involvement. In terms of scalability, transaction speed and technology, Tron is more advanced the Ethereum which is also more advanced in Market Cap, Smart contract, decentralization and security. Ethereum network is one of the leading secured networks in the defy ecosystem. They all have great futures ahead with zealous community support.

Thank you for reading, my sincere gratitude goes to professor @alphafx for the knowledge he is impacting on the steemit network.

cc: @alphafx

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