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

in hive-108451 •  4 years ago  (edited)

Hello steemains!!


Hope you all are good and enjoying your lives. First I would like to congrats @alfhafx, for your appointment as crypto professor. You explained the lecture very well in easier way.Before compare the two blockchain platforms first I give you explanation about blockchain and how it's work.

blockchain :


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A system of recording transactions /information in such a way that cannot be changed, cheat or hacked the system is blockedchain .

Basically blockchain is a degital ledger of transaction which are duplicated and then distributed to the all computer systems of entire blockchain system. Each computer of blockchain is considered as a unit of the blockchain.

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Actually blockchains are the type of LTD that means transaction are recorded as cryptography immutable signature that is hash #.

Blockchain technology mostly used in cryptocurrency the idea was simple that,to decentralize the storage of transaction and relay of information to users so its means that not a single person or server can't controlled or manipulated the data stored on a blockchain.I have chosen Ethereum blockchain chain Vs Tron blockchain.


ETHEREUM NETWORK :


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It is Decentralized and open source blockchain that work on smart contracts. We can say that it's a system for digital asset exchanges and Decentralized applications (DAPPS). Many projects are based on ethereum network and are called ERC-20 tokens.


TRON NETWORK :


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It is also a decentralized network which is built for content creators. It is secured platform for content writers. Tron network focuses on to assist the digital work within the network or reducing the transition cost of content writers.


THE COMPARISON BETWEEN ETHEREUM AND TRON NETWORK :


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Both blockchains are work on Decentralized system and are open source. For comparison of these two networks, we have to overlook the following parameters in detail
1* Decentralization
2* network security
3* transactions speed
4* community support

Now, compare these two networks in detail on above parameters.

1* DECENTRALIZATION (node count):


Every computer in a blockchain keep the network running is node. Normally a node is single computer in a peer to peer network. If there is more node in a network more decentralized it is. As per 28 March 2019 Tron has 1124 node. This network based on 27 elected representatives node that produces blocks and all nodes are peer to peer in Tron network. Ethereum network work does not relay on nodes peer to peer in network. It based on miners to produce block. The number of nodes in Ethereum blockchain are 8733.As number of nodes in Ethereum network has more than Tron network so ethereum is more decentralized.

NETWORK SECURITY :


Security of ethereum network is very high. It has many advancement on hack proof strategies developed on blockchain. It is regarded as most secured network. Tron network is secured too. They does not published any improvement on their security. On base of documentation we can say that ethereum is more secure than tron.

TRANSACTIONS SPEED :


Transactions speed on a network depends on block time, network traffic, it's size and transaction fees. At its maximum capacity Tron can control 2000 transactions per second while ethereum can 20 transactions per second. Speed of Tron is much faster than ethereum network.

COMMUNITY SUPPORT :


Community support means their followers on social platforms handles. 450,000 followers of Ethereum blockchain has been recorded while Tron has 70,000 followers. So ethereum network has more community support than Tron#

CONLUSION :


Both Ethereum and Tron network are based on two different activities transactions and content creation. From above comparison its quite clear that ethereum network is superior than Tron network.

Mentioning respected @steemcurator01, @steemcurator02, @alphafx for their support.

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Thanks for participating.