Steemit Crypto Academy | Season 2: Blockchain and Platforms by @alphafx// homework by @davchi

I wish to pen down my homework with respect to the Binance and the Ethereum Coin first

The Binance Coin

abstract
The Binance Coin concept as history may have it was conceived by a computer science called Changpeng Zhao also known as CZ. he was a one time Okcoin company worker, a company that deals in exchange.

Nevertheless, he born the concept and finally was able to get some investors whom he was able to sale his initial coin offer to.
on the contrary, his personal team took the sum of 80 million BNB with some other external investors like Angel and finally the public who had a share of 20 million and 100milliin BNB respectively which all aggregated to 200 million BNB Coin in circulation then.

so all this was actualized in 2017 precisely in China, while the system started operation the same year, finally in 2018, the Binance exchange proper has become the largest exchange in the Crypto market maintaining a market Capitalization of about 1.3 billion US Dollars persay.
And as it stands, the Binance is ranked the Third

THE ETHEREUM COIN

Source

The Ethereum coin as a decentralized means of financing was developed as a concept in the year 2013 by a computer programmer called Vitalik Buterin with some other investors who at that time bought into his idea, these investor.includes men like
Anthony Di Lorio, Mihai Alisie, Gavin Wood, Joseph Lubin, Charles Honskinson etc.

So the system went into full operation in 2015, with an initial coin supply of 72 million nevertheless, the Ethereum coin is ranked second in the total Cryptocurrency market

Finally on the area of mining an Ethereum, it can take probably 6 months to mine a block of Ethereum into its blockchain with the current mining difficulty and trend of GPU

AN INDEPTH COMPARISON OF THE TWO CEYPTO COINS

Source

1.THEY ARE BOTH VOLATILE: As we all know that all crypto currencies are naturally volatile, in consonance to this, these two crypto currencies are not exempted from the system of volatility as their prices can easily rise or fall than expected within a period of time.

2.SMART CONTRACTS
Smart contract in this regard could be seen as an ordered means of arrangement of transaction in a system way, which is automatically designed by the programmers of such system, so it is ment to speedly and automatically confirm certain transactions. Nevertheless both the Ethereum and the Binance uses this automated or smart contract in carrying out their transactions.

3.THEY ARE DECENTRALIZED:
Nevertheless, both of these coins operation and exist in a decentralized form, where by every node in the system is an independently operating system, which is the beautiful of the existence of both coins and in this regards it conveys the inherent capacity of reduced activity of hackers except on the bases of leackages in individuals security level.

4.BOTH EXIST AS CRYPTOCURRENCIES:
Both of these currencies or coins have their existence as cryptocurrencies, in other words zhey are no particular countrys currency, therefore they are degital assets or even securities that are traded with a real value of any countrys currency.

5.BOTH ARE USED FOR DECENTRALIZED FINANCING:
As we all know for instance that the Banking Halls are Financial institutions where palpable currencies are used in making transactions, on the other hand, these two coins are not palpable currencies( that is they can not be touched) so they are formally used inaking decentralized payments, where by one can only see feel and know that he has some valuables in possession even without touching them. so these coins are memt for decentralized financing

6.BURNING OF THE BINANCE COIN:
In this regard it is believed that tge binance has a portion of its securities that is being burned each year and destroyed each year, which therefore restrict the coin from being inflationed, but on the contrary the Ethereum is not reduced or burned like the Binance

7.SOLVING DOUBLE SPENDING PROBLEM
These two Cryptocurrencoes trys to limit and to solve the problem of double spending, this problem actually has pose a great threat to the system, but on the other hand, with the help of smart contracts and the notification of the nodes when ever a cryptographic problem is solved amd added into the blockchain as a block, so both of these coin features has the inherent capacity to reduce the problem of double spending.

8.PEER TO PEER
This is a system of transaction in the system where by transactions are made with the help or need of a third party.
In view of this, both currencies operates on the bases of peer to peer, due to their decentralized nature, here individuals can easily send cryptos without any hitches of a third or middle men confirmation.

9HIGH SPEED OF TRANSACTION
Both the Ethereum and the Binance has a very high speed of confirmation on transactions carried out, this is still with regards to transactionary aspect of the crypto currencies.

CONCLUSION:
Really all the deduced features of Ethereum and the Binance are really an exceptional concept to actually appreciate in their all time Cryptocurrency features,
Nevertheless, both currencies are making wave in the decentralized system at their optimum, despite their span in the Cryptocurrency world.

I wish to appreciate prof. @alpha-fx for putting me on the line of this research, thanks.

cc: @alphafx