Case Study: identification of the best cryptocurrency in the foreground

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The choice is a big thing especially when it comes to decentralized technologies, but with the boom experienced in the upward rush of & nbsp; At the end of 2017, at the beginning of 2018, there are questions about the fact that the increase in the number of projects could lead to further confusion, especially with those interested in space but not fully competent in technology.

In this article we will look at four different platforms and what they will bring to the table, in addition to the problems they are trying to solve: Ethereum, Ripple, Apollo and Tron.

Ethereum

Ethereum is a programmable Blockchain platform that is by far the most mature of the group, having been active since mid-2015. The premise behind Ethereum was to add a programmable layer to create a platform that could be used to decentralize more than just currency.

He suffered several challenges along the way, in particular the DAO hack which caused a difficult fork, but having recently recovered the second place by market capitalization shows that there is a strong community that supports this project. This is further highlighted by the number of Solidity programmers available that are increased by the number of tools available and by the level of documentation, maintenance of the platform.

It remains to be seen how effectively they can overcome the obvious problems of scalability that are affecting the platform, with which many consider an important obstacle to overcome if this platform wants to consolidate its position, but with a roadmap to do so, cautious optimism is needed between many of his supporters.

Ethereum's interest also comes from companies and organizations that can implement their own Ethereum-based blockchain within the private model or consortium.

Ripple

Unlike the Ethereum, Ripple aims to solve a very big problem very well: almost a transfer of value in real time but inexpensively. The interest for the platform comes mainly from institutional clients such as banks that can use it to reduce the efficiency that afflicts previous technologies. Ripple uses the XRP token to transfer this value.

Ripple's main strength is therefore scalability, with a promised throughput capacity of "over 50,000 transactions / second", but the trade-off has a reduced cost of decentralization, with only 55 validators at the moment and perhaps more importantly , each of them requested to be a "part of an interconnected network of validators who trust a specific group of validators to avoid colluding".

Critics are often leveled in Ripple to control a large amount of coins that have been pre-mined.

Tron

Tron's premise is that it can offer everything that Ethereum can do but without any of the scalability problems that plague the Ethereum platform. Having only been released in the first half of 2018, Tron has inevitably benefited from many of the disadvantages that Ethereum has faced as the first engine and it does not take much to read on these platforms to see that they are both in each other's viewfinder, although the competition of this kind can also be healthy in the long run.

Although there are many similarities, such as the ability to create intelligent contracts with Solidity, Tron promises a throughput of at least 2,000 TPS and no cost for the execution of transactions on smart contracts (unlike Ethereum).

According to Tron founder Justin Sun, the coin launch, also described as Project Atlas, aims to "distribute tokens to users in the first quarter of 2019. This will be the largest blockchain platform with over one hundred million users. step in the construction of the Atlas project was to realize BitTorrent Speed, which was implemented in less than 6 months ", he adds.

Sun also has ambitious plans for Tron, in particular with the partnership of BitTorrent which should take off in 2019.

"Our next steps in 2019 would be Project Atlas, DApps, community and technical support, in particular, support is very important to us as TRON is community oriented and consumer oriented." BitTorrent Web is another step towards greater acquisition by users, and therefore user empowerment Finally, we are seeking partnerships with established companies such as Swisscom and Oracle to accelerate the decentralization of the Internet ".

Tron uses a TPOS, a proof-of-stake-based delegated consent mechanism, in which 27 super-representatives produce blocks that are in turn voted by TRX account holders. This can be considered somehow a compromise on decentralization, but the compromise, of course, is the greater scalability.

While not a currency for privacy, Tron has recently outlined their intentions to be able to provide an optional level of privacy in future development.

Apollo

Apollo is the most recent of these platforms. The project is presented as containing all the functionalities that the other projects have in one way or the other already experimented while adding some functionalities. Apollo was originally a fork of the NXT platform rather than Ethereum which, unlike the other technologies on this list, gives importance to privacy and control over its data. Not surprisingly, this is also one of the main objectives of Apollo. In addition to multiple levels of privacy for one-to-one transactions through technologies such as IP Masking and integrated coin shuffling, high scalability is also at the core of Apollo's feature set with Hermes 1.0, the new Apollo update that incorporates 2 second blocking speed, faster than any other platform.

Apollo is a platform that is still very active in development, perhaps more than other technologies with basic functionality still being worked on. Development has been consistent and features include a marketplace to allow users to list goods and sell them across the world in a decentralized manner, and that it is completely finalized and decentralized is already live. This is a fundamental part of Apollo's premise of avoiding regulation.

Steve McCullah, Director of Business Development at Apollo, is optimistic about currency prospects.

"The Apollo Foundation launched the first all-in-one cryptocurrency focused on integrating all the useful features of mainstream cryptocurrencies and combining those with unparalleled privacy and is now the fastest, most private and most full of features on the market: due to recent innovations such as Updater, which updates the blockchain using a transaction, Adaptive Block Generation and its two-second blocks, there is a case that might suggest that Apollo is also the most advanced cryptocurrency. "

A key selling point made by the Apollo platform is that the platform is not regulated, which means that the privacy elements to it will be beyond any government control. At the same time, they promise to make the platform easily accessible to those without a bank account by providing physical purchase positions, mobile options and even creating a physical currency.

While the details are scarce, another important development for Apollo planned for 2020 is the Smart Contract support. We still have to see what kind of languages ​​they support and how smart contracts will be, like the completeness of Turing, which only time can tell.

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The choice is a great thing in particular when it comes to decentralized technologies, but with the boom experienced in the 2017 bull rush, at the beginning of 2018, there are doubts about the fact that the number of projects is increasing. may lead to further confusion, particularly with those interested in space but are not fully informed in the technology.

In this article we will look at four different platforms and what they will bring to the table, in addition to the problems they are trying to solve: Ethereum, Ripple, Apollo and Tron.

Ethereum

Ethereum is a programmable Blockchain platform that is by far the most mature of the group, having been active since mid-2015. The premise behind Ethereum was to add a programmable layer to create a platform that could be used to decentralize more than just currency.

He suffered several challenges along the way, in particular the DAO hack which caused a difficult fork, but having recently recovered the second place by market capitalization shows that there is a strong community that supports this project. This is further highlighted by the number of Solidity programmers available that are increased by the number of tools available and by the level of documentation, maintenance of the platform.

It remains to be seen how effectively they can overcome the obvious problems of scalability that are affecting the platform, with which many consider an important obstacle to overcome if this platform wants to consolidate its position, but with a roadmap to do so, cautious optimism is needed between many of his supporters.

Ethereum's interest also comes from companies and organizations that can implement their own Ethereum-based blockchain within the private model or consortium.

Ripple

Unlike the Ethereum, Ripple aims to solve a very big problem very well: almost a transfer of value in real time but inexpensively. The interest for the platform comes mainly from institutional clients such as banks that can use it to reduce the efficiency that afflicts previous technologies. Ripple uses the XRP token to transfer this value.

Ripple's main strength is therefore scalability, with a promised throughput capacity of "over 50,000 transactions / second", but the trade-off has a reduced cost of decentralization, with only 55 validators at the moment and perhaps more importantly , each of them requested to be a "part of an interconnected network of validators who trust a specific group of validators to avoid colluding".

Critics are often leveled in Ripple to control a large amount of coins that have been pre-mined.

Tron

Tron's premise is that it can offer everything that Ethereum can do but without any of the scalability problems that plague the Ethereum platform. Having only been released in the first half of 2018, Tron has inevitably benefited from many of the disadvantages that Ethereum has faced as the first engine and it does not take much to read on these platforms to see that they are both in each other's viewfinder, although the competition of this kind can also be healthy in the long run.

Although there are many similarities, such as the ability to create intelligent contracts with Solidity, Tron promises a throughput of at least 2,000 TPS and no cost for the execution of transactions on smart contracts (unlike Ethereum).

According to Tron founder Justin Sun, the coin launch, also described as Project Atlas, aims to "distribute tokens to users in the first quarter of 2019. This will be the largest blockchain platform with over one hundred million users. first step in the construction of the Atlas project was to realize BitTorrent Speed, which was implemented in less than 6 months ", he adds.

Sun also has ambitious plans for Tron, in particular with the partnership of BitTorrent which should take off in 2019.

"Our next steps in 2019 would be Project Atlas, DApps, community and technical support, in particular, support is very important to us as TRON is community oriented and consumer oriented." BitTorrent Web is another step towards greater acquisition by users, and therefore user empowerment Finally, we are seeking partnerships with established companies such as Swisscom and Oracle to accelerate the decentralization of the Internet ".

Tron uses a TPOS, a proof-of-stake-based delegated consent mechanism, in which 27 super-representatives produce blocks that are in turn voted by TRX account holders. This can be considered somehow a compromise on decentralization, but the compromise, of course, is the greater scalability.

While not a currency for privacy, Tron has recently outlined their intentions to be able to provide an optional level of privacy in future development.

Apollo

Apollo is the most recent of these platforms. The project is presented as containing all the functionalities that the other projects have in one way or the other already experimented while adding some functionalities. Apollo was originally a fork of the NXT platform rather than Ethereum which, unlike the other technologies on this list, gives importance to privacy and control over its data. Not surprisingly, this is also one of the main objectives of Apollo. In addition to multiple levels of privacy for one-to-one transactions through technologies such as IP Masking and integrated coin shuffling, high scalability is also at the core of Apollo's feature set with Hermes 1.0, the new Apollo update that incorporates 2 second blocking speed, faster than any other platform.

Apollo is a platform that is still very active in development, perhaps more than other technologies with basic functionality still being worked on. Development has been consistent and features include a marketplace to allow users to list goods and sell them across the world in a decentralized manner, and that it is completely finalized and decentralized is already live. This is a fundamental part of Apollo's premise of avoiding regulation.

Steve McCullah, Director of Business Development at Apollo, is optimistic about currency prospects.

"The Apollo Foundation launched the first all-in-one cryptocurrency focused on integrating all the useful features of mainstream cryptocurrencies and combining those with unparalleled privacy and is now the fastest, most private and richest cryptocurrency of features on the market: Due to recent innovations such as Updater, which updates the blockchain using a transaction, Adaptive Block Generation and its two-second blocks, there is a case that might suggest that Apollo is also the most advanced cryptocurrency. "

A key selling point made by the Apollo platform is that the platform is not regulated, which means that the privacy elements to it will be beyond any government control. At the same time, they promise to make the platform easily accessible to those without a bank account by providing physical purchase positions, mobile options and even creating a physical currency.

While the details are scarce, another important development for Apollo planned for 2020 is the Smart Contract support. We still have to see what kind of languages ​​they support and how smart contracts will be, like the completeness of Turing, which only time can tell.