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Let’s compare the most popular Blockchain platforms

03-27-2018 10:00 AM CET | IT, New Media & Software

Press release from: DUCATUR

Today's article will be devoted to the comparison of the most widely used platforms for smart-contracts and blockchains developments. It is worth mentioning that actually there is no an ideal platform that would meet the needs and standards of everyone. Most of the platforms which we are going to describe today use different languages and have their own pros and cons.

Ethereum — Old but Gold

There are no doubts that Ethereum is a gold standard in the world of smart contracts and has one of the biggest capitalization and adoption among other platforms. Thus, for example, the majority of token sales happen on the Ethereum platform, using the ERC-20 token standard. However, this standard has some serious bugs which have already led to major losses in the industry. Due to the platform algorithm, the transaction to a person and to a smart-contract are two different operations and therefore can not be performed according to the same scheme. In addition, Ethereum might face some security problems and require knowledge of a complex programming language.

NEM

There is another alternative platform called NEM which is told to be faster than Ethereum as it manages hundreds of transactions per second versus 15 transactions per second managed by Ethereum. The main difference is that ETH applies its Smart Contracts on the Blockchain, while NEM uses code off the blockchain. At the same time, NEM is considered to be much safer and more user-friendly than other platforms. Nevertheless, it provides much less broader base for the creation of custom DApps than the Ethereum did and therefore has smaller functionality and adoptability.

NEO

NEO is another very perspective platform that emerged from Antshares (another Chinese blockchain project) in June of 2017. The biggest difference between NEO and Ethereum is NEO’s focus on a smart economy that will feature digitized physical assets recorded on a Blockchain. Thus, NEO places particular emphasis on staying regulatory compliant and develop such aspects like digital identity and so on, which makes it less anonymous and less secure than other platforms while providing the benefit which is the ability to easily cooperate with real sector companies and even governments.

EOS – «Ethereum killer»

EOS is the platform that is currently developing by Dan Larrimer that is known as the leader behind BitShares, Graphene and Steem technologies. According to his speech, EOS is not just about smart contracts with high scalability. It has a completely different design and vision compared to Ethereum. In EOS the human-readable source code (the “bot”) is uploaded directly to the blockchain. As we know, the Ethereum smart contracts are binary data instead. So, for example, If there’s a bug in your application — then community can freeze it and then deploy a fix. In addition, EOS is designed to support communication not just internally, but externally too. So it should be possible to connect other blockchains to communicate with them.

This was a comparison of the main blockchain platforms. In our project we do not take the right to judge which of these platforms is the best, instead of this, we perfectly understand that each platform has its own pros and cons and therefore aim to work with most of them (EOS,ETH,NEO) in order to provide the best Oracles for our customers.

Sincerely, George Bell.
Participated in the development of Swissborg ($ 50,000,000), has been an advisor in multiple projects. Co-founder of a top10 ICO Agency - Crynet.
P.S. I will gladly answer any questions you have about the project.

DUCATUR is a framework that allows you to create oracles for
reliable data exchange between the interacting participants on
the blockchain. That would be a system in which you always trust
the received data and which provides a reliable connection
between the blockchain and external information.
The product is a set of smart contracts and an off-line node with
an interface between them.

OUTCHAIN LTD.
71-75 SHELTON STREET
COVENT GARDEN
LONDON
+44 (0) 737 611 6343
sales@outchain.co.uk

George Bell
ads@ducatur.com
Telegram @advisorbell

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