Crypto Academy Week 9 - Homework Post for @alphafx

in hive-108451 •  4 years ago  (edited)

Hello Professor & friens, this is my EOS and TRON comparision post

What is Blockchain?

Blockchain is a recent technology that has taken over most of the industries and has transformed them. It was first heard of in 2009 when Bitcoin was created.

Blockchain is a system in which transaction information are recorded such that it can not be changed, lost, or hacked into, or better still, it is impossible to cheat the system. These transaction records are replicated and sent across the system or the entire Blockchain.

Screenshot (10).png

Image

What is TRON?

Tron also know as TRX is a decentralized blockchain. This means that it has more secure transactions and efficient. Justin Sun is the founder of TRON. His aim to provide us a user-friendly platform to create the DApp or Smart Contracts with a little coding. TRON provides us a platform to create a new DApp or smart contract. It provides us the facility to own, manage or create the DApp. It based on a network that is fully working on Delegated Proof of Stake (DPoS) which's why TRON has achieved the 17th Rank in the Market.

TRON NETWORK

Tron is a decentralized network which major aim is to eliminate centralization and the costs incurred in the form of fees as a result of using intermediaries or middle men to execute transactions. They focus on building a trusted ecosystem for blockchain users or for content creators.

EOS

EOS is the newest blockchain to enter the cryptocurrency world. Although new, blockchain and this platform already have many users. The purpose is to create a network capable of processing many transactions per second in a short amount of time. An ICO (Initial Coin Offering) is the way the EOS team introduces and sells coins with a large amount of availability and a long period of time. Currently, EOS is known as the most successful ICO in history.

Brendan Blumer and Daniel Larimer are the people behind the success of EOS. They aim to create the EOS.IO blockchain platform to upgrade the system and outperform Ethereum. The new technology they create will increase transaction speeds and eliminate user fees. This is what makes EOS known as a decentralized blockchain that can process transactions quickly and free. Similar to Ethereum, EOS also uses a smart contract in system that allows developers to add dapps

Advantages of EOS

Process transactions quickly EOS has a hundred times more transaction capacity than Ethereum. The current data from EOS Block Explorer shows that it can process 3000 transactions per second.

The biggest advantage offered by EOS is a better EOS than Etherio which does only 15 transactions per second. It can be used for investment Apart from payment method, EOS can also be a reliable investment. Because EOS provides investment protection.

Difference between EOS vs TRON

Transaction validation

Both EOS and TRON work on the delegate Proof of stack mechanism, which is different from Proof of stack. The Delegate Prood of stack (DPOS) mechanism is where the selection of block producers will be made by voting.

When it comes to EOS, there will be a total of 21 block producers, of which 20 will be selected by the top 20 received votes and 1 will be randomly selected. If talking about TRON than they have a total of 27 block producers known as super representatives who are selected based on their Votes will pass the voting system.

Each holder of EOS and TRON is entitled to their respective Vote for the Block manufacturer or their representative. That means both have proven their main advantages in eliminating the weaknesses of the stack mechanism that occurs in Etehreum.

Conclusion

EOS and TRON developed the platform and provided the same type of blockchain network. TRON started its marketing strategy by winning over other people and rewarding consumers, thereby increasing its user base and daily transactions. TRON provides blockchain network services by renting services or paying transaction fees, but EOS can provide its own model just by accumulating coins.

Thanks
@alphafx

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Too brief to be detailed.
Scoring

AspectScoreRemark
Structural Presentation1adequately presented
Adherence to instruction1.5all rules followed
Quality of content1.5too brief
originality1.5Post is not plagiarized, nice job.
TOTAL5 .5well done, see you next time

Thanks for participating