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im so happy today bacause of the come back of our crypto academy which is back to eduacate us more on crypto currency and also to use this medium to welcome and congratulate our amiable profersor @alphafx on your well deserved appointment.
i was able to discover and learn several things about blockchain and i will be writing on the comparoson between tron and ethereum block chain base on the topic you taught us.
blockchain technology?
a block chain technology can said to be a rapid growing in list of record which is called block and its been linked to cytography,we can say that the blockchain is well designed to resist modification of its users because once something is recorded on it the data is been given a block which cannot be tampered without the consent of some subsequent blocks.
introduction to block chain technology:
the technology behind the introductoin to blockchain is a bit contracdicting thou the idea is simple,the idea hehind it is to build a strong storage and relay of information to its users.
lets move over to draft a comparison between ethereum and tron network.
source
tron network can said to be or defined as a decentralized network which helps in building a strong,trust reliable,easy and free platform for content creators or developers whithin a distributed storage and also helps in easy sharing of digital content.
source
([Ethereum network:
this can said to be an open source block chain which was launched in the year 2015 which its main idea was for its cryptocurrency,ETHER. it allows contracts and distributed applocation to operate without any time frame interfrence or third party.
the following will helped me to achieve and diffrentiate between the two network.
1:speed of transaction: when it comes to speed of transaction on those two networks,ethereum performs a transaction on a higher level in the sense that it takes it 6 mins to complete each transaction while tron platform uses a 25000 tps for a transaction and this gives it more advantage over ethereum .
2:low rate of transaction fee: these is also another key advantage tron has over ethereum in the sense that transaction fees on tron blockchain are lower compated to that of ethereum and what prompts this is that ethereum fees are usually calculated bu multiplying gas while tron is been calculated base on the bandwith and energy thus tron poweresd transaction attracts a lesser fee.
3: Decentralization: ethereum is a more decentralized blockchain,ethereum outshines tron in these aspect when it comes to nod numbers thou both have withness a fall in node numbers over the past few years but ethereum is still leading the race with about 8times as many nodes.
4: Community support : this is another determining and important factor,ethereum has recorded up to 44,000 fellowers on their social platform handles which includes twitter and reddit while tron has upto 70,000 fellowers so we can see that ethereum has an upper hand over tron in terms of more suppotive community.
Benefits of tron over Ethereum:
transaction speed: the rate of transaction speed is higher in tron than that of ethereum.
Technological aspect: tron technology is a bit advanced than that of tron.
benefits of ethereum over tron:
security: ethereum is vivid more centralized than tron in the sense that there is no room for hackers.
market capital: ethereum has a higher percentage of share in crpto currency systerm in the sense that it is ranging second to btc.
in conclusion,one should be able to know that blockchain technology has helped immensively to make crypto excellent,it is also to be noted that both work perfectly on their on their own way of development thats to say that there is no need for one to go into area of supercision.
thanks @alphafx
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Thank you sir my proffesor @alphafx,i promise to improve in my next hime work,thanks for your advise.
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Thank you sir my proffesor @alphafx,i promise to improve in my next hime work,thanks for your advise.
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