Crypto Academy week 1 - Homework Post for [@alphafx]

Greetings to everyone on here,

Am very glad that steemitcryptoacadamy is back to give us a better understanding on how blockchain and its associates really works. After a careful study of what the professor @alphafx lecture, I had a much better understanding of blockchain platforms and I thank him for that.

To the assignment he gave, we are required to choose any two blockchain platforms and give a detail comparison between them. I will be writing on EOS and stellar. Without wasting much time let’s get into it.

What is Blockchain Technology?

Blockchain technology is a system that saves transactional history, also popularly known as the ‘block’ of the public in a lot of databases, referred to as the ‘chain’, in a network linked by peer-to-peer nodes. Generally, this block is known as a ‘digital ledger.’ In simple words, the digital ledger looks exactly like a Google spreadsheet shared in the middle of many computers in a network, in which, the transactional histories are saved based on actual payments. The interesting side is that anyone can see the data, but they cannot manipulate or interrupt it.

What Is EOS?

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EOS is a policy that is programmed to give programmers the chance to create decentralized apps also known as DApps.
The project’s aim is adequately easy: to make it as simple as possible for developers to hold blockchain technology and also make sure that the network is much easier to use than other crypto. Subsequently, tools and a range of educational assets are given out to help developers who want to create functional apps faster.

Other primary issues include bringing larger levels of scalability than other blockchains, some of which can only hold less than a chunk transactions a second.
EOS also have a goal of improving the experience for businesses and customers. While the project attempts to supply greater security and lower friction for users, it also competes to undo the stretch and accordance for firms.

What is Stellar?

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In simpler terms, Stellar is an open network that lets money to be transferred and also saved. By the time it was launched in July 2014, one of its major goals was improving financial involvement by holding out the world’s unbanked — but sooner on later, its goals moved to aiding financial companies connect with each other through the blockchain technology.
The network’s mother token, known as lumens, presents a gap that makes it less costly to trade assets over borders. All of this mindset to overcome existing transaction providers, who often bills higher fees for a related service.

Founders or Developers of EOS

The EOS platform was created by the company called Block.one, and its white paper was written by Brendan Blumer and Daniel Larimer.
The pair continue to be members of Block.one’s administrative team, with Blumer working as the CEO and Daniel Larimer as CTO.
Blumer is a serial merchant, and one of his foremost ventures including selling practical assets for video games. He moved on to be a co-founder at Okay.com. Larimer is a software engineer who has also commenced a sequence of crypto progress.

Founders or Developers of Stellar

The founder of Stellar is Jed McCaleb with a lawyer called Joyce Kim after existing Ripple in the year 2013 over misunderstandings about the company’s stance in the near future. McCaleb’s aim is to make sure that Stellar can offer people a good and easy way of conveying their fiat(real money) into crypto and also put to an end the friction that people usually encounter when they are to send money around the globe.

In Which way is the EOS Network Secured?

EOS makes use of a delegated proof-of-stake consensus procedure. This idea was imagined by Larimer, and points to solve some of the mistakes that are recognized in PoS and PoW systems.
Just as I briefly explained earlier on, those who have EOS tokens are up to vote for frontmen who’ll be in charge for authenticating transactions. One of the pros or advantages is that, it aid in getting rid of consolidation, where minor miners are extruded by those who have higher levels of computing ability and assets.

In Which Way is the Stellar Network Secured?

The stellar network is secured making use of the Stellar Consensus Protocol, which is set out as having four (4) major characteristics: “Decentralized management, lower interruption, asymptotic safety and flexible trust.”
Through the SCP, anyone at all is able to take part in the process of gaining consensus, and no one body can terminate up with the greater number of decision-making ability. Transactions are also committed low-priced and within a few seconds and also keep the place safe from imposters.

How Many EOS Coins Are There in Circulation?

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Presently, there are 936 million EOS coins circulating around the world at this time, and a sum up supply of 1.02 billion tokens.
Block.one held on to an opening coin giving out for EOS rare in June 2017 and it survived for a whole year. A sum of $4.02 billion was made in the operation, and shareholders from the U.S.A. were not able to take part. Taking a good look at the diversion of how tokens were shared, 10% of the entire tokens were assigned to the creators, while the 90% of the tokens were shared among shareholders.

How Many Stellar (XLM) Coins Are There in Circulation?

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A sum of 100 billion Stellar XLM were processed when the Stellar network was set in motion in the year 2015 but many things have changed. Currently, the overall provide stands at 50 billion Stellar(XLM), and the circulating grant is now 20.7 billion.
In the year 2019, the Stellar Development Foundation declared that it was scorching over 50% of the cryptocurrency’s giveout. This means that it now controls. Meaning stellar control an estimate of 30 billion XLM.

Conclusion

Looking at their prices, currently EOS costs $7.33 with a trading volume of $3,684,783,140. It also has a live market cap of $6,978,069,861. EOS has 952,510,039 EOS coin circulating around the network. On the other hand, the price of stellar today is $0.657191 with a trading volume of $4,359,614,755. Stellar has a live market cap of $15,016,068,920 and a circulating supply of 22,848,873,157 XLM coins.
To me in person I will prefer investing into EOS to investing into Stellar, because EOS is much higher than XLM and also has a promising future.

Thank you!