Crypto Academy Week 9 - Homework Post for @alphafx

This homework task involves giving a detailed comparison between two blockchain platforms of my choice.

Blockchain is an electronic database of transactions verified by multiple computers linked in a peer-to-peer system which are located far apart. The transactions are recorded in blocks. source

Blockchain platforms are the platforms that allow the development of blockchained applications. Platforms that enable you to create and execute transactions without downtime, complications or third parties. source
l am going to compare two platforms which are Tron blockchain platform and Ethereum blockchain platform.

TRON PLATFORM

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"Tron is blockchain - based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost - effective sharing of digital content".source
Tron fosters the development of decentralized applications and generally requires fewer computational resources for application development. source
Tron network uses a token called tronix that is used to pay for content and or services on the blockchain. That is its cryptocurrency. Tron attempts to bridge the gap between content producers and content consumers by getting rid of the middle man. It is used greatly in the area of media and entertainment. The advantages of Tron platform include:

1. It is cost effective. For the consumer, there is overall cost reduction since there is no middle man. For the producer, there is improved collection because the payment goes directly to the wallet of the producer.
2. It has great speed. Tron can actively and efficiently process 2,000 transactions per second. Despite the speed, it has zero transaction fees.

ETHEREUM PLATFORM

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"Ethereum is an open - sourced, blockchain - based, decentralized software platform used for its own cryptocurrency ether. It enables smartcontracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. Ethereum is not just a platform but also a programming language running on a blockchain, helping developers to build and publish distributed applications". source
Ether is needed for doing just about anything on ethereum platform. Ether is used both as a digital currency exchange and also used inside ethereum to run applications and even to monetize work. source
Ethereum is well known for housing smart contracts as the platform is very friendly for programming. General purposes can be built on ethereum. The notable characteristics of ethereum include:

1. Ethereum uses the proof of work system which is relatively slower in terms of processing speed.
2. It is far more flexible. It enables the development of smart contracts and decentralized applications to be built and run without any downtime, fraud or control from any third party.
3. Its a little expensive. Each transaction done on ethereum costs money, which increases depending on how much computation the transaction is using. And when Ethereum is congested, the fees go up.

In conclusion, i will say that choosing the blockchain platform to use depends on what you want to accomplsh.

I am grateful to professor @alphafx and his asaistance @levycore.