A blogger from Tel Aviv and New York claims that Tron and Qtum are the main challengers of Ethereum. According to him, the DApp and the smart contracts offered by Tron and Qtum will kick off Ethereum.
Yoan Vilner is a Microsoft startup mentor and Google-driven acceleration projects and blogger tech blockchain. He recently published an article in Forbes. In the article, he claimed that Qtum's open source hybrid distributed ledger technology could be the future of the blockchain.
Tron and Qtum are strong competitors for Ethereum
According to Vilner, the x86 virtual machine recently released by Qtum will offer a much better value proposition than Ethereum. He explained that this virtual machine would allow developers to contribute with apps and code thanks to the possibility of using a wide range of programming languages. It is worth noting that other blockchain-based platforms developed after Ethereum allow users to deploy DApp and use smart contracts with programming languages they are familiar with.
For example, Tron allows users to provide code in Java. Ethereum has its own programming language called Solidity, which many programmers do not know how to use. This has greatly influenced the number of developers willing to take time to contribute with the code to Ethereum. In addition to allowing developers to have more options to encode, Qtum also supports SegWit. This separates the transaction signature data from the transaction data. According to Vilner, this makes Qtum more efficient.
Another noteworthy point is that Qtum can use the Lightning network. Vilner added that Qtum developers are planning to launch QtumX in 2019. According to a blog post on Medium, the Qtum development team designed QtumX as a corporate version of this smart contract platform. Large companies can use it because it has better stability. It could help to increase the efficiency of the exchange and ensure network security.
However, the products and services developed by Qtum still need to be fully tested. It remains to be seen whether they will be better than Ethereum. Vilner, who is also a contributor to the NBC, will transform the way producers and consumers of content interact and translate.
Tron could be centralized
Vilner also claims that Tron's purchase of Project Atlas and BitTorrent will help Tron to become the largest decentralized network globally. The purpose of these purchases is to connect Bittorrent's P2P network to Tron's Blockchain. However, careful examination reveals that Tron's governance model requires one to nominate 27 transaction validators. Therefore, there will be only 27 masternodes, which control most of the actions on the network.
As foreseen by CryptoGlobe, the EOS platform has a similar governance model. In the EOS platform, the encrypted community selects 21 block producers. These validators validate each block on the network. This has led to some serious problems since the block makers have colluded. Many consider centralized EOS rather than decentralized. Most people do not believe that it is democratic at all and is prone to misuse.