Steemit Crypto Academy Season 2 week1 Task by @tymes2 : Blockchain Platform

INTRODUCTION

Hello steemians, I am very delighted to write my homework post for this week and also using this opportunity to say a very big thank you to prof @alhafx for this wonderful lecture this week.

A lot of people ask what is all about blockchain. Blockchain is simply the database in which information is gathered and stored digitally on a computer system. That is information in databases is organized in table format to allow easy access.

Someone can also say spreadsheet can also perform this function. Not even knowing what spreadsheet is all about.
Spreadsheet can only be assess by one person and that of database can be assess by a number of users.
Blockchain collect information in groups called blocks and also contains a set of information.

Blocks have storage capacity which is filled by block and this create a chain of data called blockchain.

Transactions made by blockchain can’t be reversed. This is because, they are link informations.
In other words, care needs to be taken when transacting money with blockchain.

BLOCKCHAIN PLATFORMS

They are a lot of platforms in which blockchain works in. All of them have their unique character that makes them so special in nature. Example, we have TRON, EOS, Ethereum and that of Stellar and many more.

But on the more serious note, I will like to elaborate on Ethereum and that of TRON and also compare them.

ETHEREUM

---

source

---

Ethereum is a platform which was set up in 2013 by Vitalik Buterin
And Ethereum is an open- source blockchain with fastest contract functionality. Ethereum also provides a wide potential to its users who can build and benefit from a lot of task and businesses that use it to improve efficiency. centralization problem are solved by Ethereum by working alone in a decentralized manner based on certain rules.

Ethereum platform doesn’t require any permission and also it’s system is slower in terms of speed. Ethereum is faster than any other platforms.
Ethereum network is a platform for digital assets exchange and DAPPS( decentralized applications).

TRON

source

TRON came into existence in 2017 by Justin Sun
TRON network is decentralized that builds a secured platform for content creators. TRON also reduces the transaction cost of lunching or assessing digital work within the network. TRON aims at eliminating the position of third party in the content creation system.
TRON allows easy sharing of content systems and also TRON systems has its own token which used to pay for services on blockchain.

Comparison Between Ethereum And TRON As Blockchain Networks

They are all cryptocurrency and I will like to compared them through Decentralization, Transaction Speed and that of Network Security

Now I will like to start with Dencentralization

Ethereum and that of TRON are both decentralized blockchain platform which does not involves third party( middle man). Ethereum is working hard to set up a worldwide decentralized network and in the other hand, Tron is fighting to get away of third parties( middle man) in the system. Ethereum is more decentralized then TRON.

Transaction speed

Transaction speed varies based on block time, its size, network and transaction fees. The is a huge difference between the two networks in terms of how fast it takes for one to do transaction for it to be completed. Tron transactions takes about 15 seconds to complete, while Ethereum takes about 6 minutes. This shows that, Tron network is more faster than Ethereum network in terms of transaction speed.

Network Security

Ethereum is the most secured peer-to-peer network, based on its countless improvements on hack-proof strategies developed on the network. Ethereum is highly secured till date, but TRON is also highly secured but has not records of been hacked before but it’s security is very low. So Ethereum is more secured than TRON.

Conclusion

Blockchain technology makes the crypto world more unique and special.
It is clear that Ethereum has a better developing team than tron.
Ethereum and Tron are blockchain platforms which almost work at the same , and also work hard to do away with third-party(middle man)decentralized system.

Will like to thank the professor for his wonderful lecture this week and I really enjoy his lecture and also I have learn a lot about blockchain platforms and what They are all about. I hope my homework task will be accepted and review thank you!!!