Hello fellow steemians, it is nice once again to continue on the crypto academy. This time. I am writing on the lecture Blockchain and Platforms by @alphafx.

Introduction

To start with, there is need to recognize that blockchain technology has revolutionalized the entire way of doing things in the word. In fact, it is sung as a song in the tech world. it provides an easy way of storage, with no central power and transparency is maintained. it can be employed in almost all spheres of life with minimum distraction.

I will be comparing some of these blockchains and what they could be used for. I will be focusing on Stellar and Tron.

STELLAR AND TRON BLOCKCHAIN

STELLAR NETWORK

Stellar blockchain is among the emerging blockchains that are in the winning league based on three major assesments. These assesments are

1. Increased speed
2. Scalability
3. Reduced cost of transactions

Stellar is a payment protocol which is based on the distributed ledger technology. It allows for quick cross-border transaction between currency pairs.. The blockchain is a platform that connects banks, payment systems and people with the intention of moving money quickly, reliable and at almost no cost.

TRON NETWORK

Tron is a blockchain based decentralized platform which aims at build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost effective sharing of digital content.
reference

Now lets compare both and see how they work. We are going to draw the comparison based on the parameters below.

Purpose

Tron network is entertainment related, Like I earlier mentioned. it attempts to bridge the gap between content creators and their consumers, thereby eliminating the work of the middle man. this gives rise to very low fee cost for the consumer and improved system of collection for the content producer, so both parties having nothing to lose . It can be used for various purposes as can be seen with the purchase of bit torrent company.

while the Stellar network aims at fastening the payment system between banks, payment systems and people.Stellar network facilitates financial transaction. The technology is very open, evenly distributed and community owned.

Decentralization

Both the tron network and Stellar network are all decentralized. Thus both enjoy the benefits that comes with a decentralized system.

OWNERSHIP

Stellar is owned by a community known as the Stellar Development Foundation, which is a non profit organization, that contributes to the financial inclusion, developing tools and other friendly initiatives around stellar network.. The computer codes for the stellar network are written by its employees.
Tron is also owned by Tron foundation headed by Justin Sun and have renowned development team working on it.

TRANSACTION SPEED

The transcation confirmation time of stellar is 3-5 seconds. This is made possible by its consensus mechanism. Stellar uses a consensus called the Stellar Consensus Protocol (SCP). This protocol contributes to fast transactions at reduced cost, each person in the network comes to a consensus about the validity of a transaction with few seconds. Each of this individuals are referred to as nodes. Supports about 1000 transactions per second.

Tron transaction speed is however better and faster than that of stellar, as it processes 2000 transactions per second. This makes it one of the fastest networks till date. It makes use of delegated proof of stake which makes the processing speed to be very fast.

Smart Contract Compatibility

Both the Tron network and Stellar network are smart contract compatible. Both allow execution of smart contracts and dapps on it without any need for third parties at no cost.

Ranking

Tron is ranked 17th due to its market capitalization in the coin market cap while Stellar is ranked 11th. We can see that Stellar has a higher market capitalization than Tron, thus the higher ranking.

Conclusion

However, both networks are good and have very high potential of growth in the nearest forseeable future considering it usage and applications.. Despite being used for several purposes, both are highly effective blockchain that can be employed to develop there various fields of usage.

Thanks for going thru my homework task.

reference

[reference](https://en.m.wikipedia.org/wiki/TRON_(cryptocurrency)