Competition of Ethereum

5.

Ethereum is the next generation of cryptography ledger. It intends to support many advanced functions, including user issuing currency, intelligent protocol, decentralized transaction and what we think is the first fully decentralized autonomous organization (Daos) or decentralized autonomous company (DACS) application

Ethereum does not specifically support every single type of function as a feature. On the contrary, Ethereum includes a built-in Turing complete scripting language, which allows you to write code for the feature you want to implement through a mechanism called "contract". A contract is like an automatic agent. Every time a transaction is received, the contract will run a specific code, which can modify the data storage inside the contract or send the transaction. Advanced contracts can even modify their own code

Ethereum was launched on November 1, 2015, and launched on August 22, 2016 on bitcoin trading platform, a well-known domestic trading platform; 30-¥ About 60, current: ￥ 1259.97, the rise is amazing

6.

1. about the variability of blockchain

2. eth, if most people agree to modify the chain, that is, variability, then they can modify the blockchain records and contracts

3. etc, blockchain records and contracts can't be modified, that is, they can't be tampered with

4. here are the advantages and disadvantages of the two methods

   The advantage of

5. variability is that people can make timely changes to make the right decisions. Therefore, modifying the specification is more practical than finding loopholes

6. non modifiability means that no matter how smart people are at that time, it is impossible not to make mistakes. Therefore, when problems arise in this scheme, it is best to find and solve the loopholes through the existing legal framework

7. differences in development

8. eth, whether it is intentionally arranged or since its birth, the core decisions of blockchain are made by Ethereum foundation with the participation of the community and most of them are developed by it

9. etc, the decision-making of blockchain is mainly decided by the feedback of three loose, collaborative teams with community participation

10. in any case, anyone can put forward improvement suggestions for the two kinds of blockchains. This is the benefit of open source, and it is also very common. You will find that developers of the two chains communicate with each other through GitHub and reddit. I hope to improve the frequency of communication in order to achieve the common goal

11. about compatibility

12. at present, the two kinds of blockchains are compatible with each other. Contracts or applications written by eth can be applied on etc, and vice versa

13. eth, focusing on ewasm, is committed to providing a platform for more and more developers, while the issue of contract security is secondary, such as viper

14. etc focuses on making developers create more secure contracts, such as viper, iohk research, at the cost of consuming the number of potential developers

15. it's obvious that both chains can accept each other, regardless of whether their wishes are the same or not. My view is that the number of developers is not necessarily related to the quality of the proct

16. about the transaction speed

17. eth, the average is 25 seconds, which will be shortened after upgrading

18. etc, with an average time of 14 seconds, maintained at 10-14 seconds after upgrade, according to ecip-1010 and ecip-1036 protocols

19. about the block capacity

20. eth, with the daily trading volume of eth graally reaching 5 million, the block capacity is graally saturated. This situation is similar to the recent transaction cost of bitcoin. This problem can be solved by expanding the block capacity by increasing the default fuel limit

21. ETC­， At present, there is still a lot of room for block capacity. As more and more people accept etc, the block capacity will also increase, just like eth

22. about community

23. eth, mainly discuss on reddit

24. etc, mainly discuss on slack

25. about monetary policy

26. eth, the planned supply is growing steadily, resulting in an average inflation of 3% in eth blockchain in its life cycle

27. etc, before 2025, inflation will reach 3%, and then the total supply will reach 200 million etc, and then there will be deflation

    As for the regional distribution of trading volume, China accounts for 20%, South Korea 25% and the United States 25%
    In etc, China accounts for 50%, South Korea 25% and the United States 10%
    About securities, at present, investors do not have the option to trade securities. Recently, one of eth's ETFs, trading open-end index funds, was denied by the regulators

28. etc owns etc trading trust, which allows investors to own etc instead of the asset itself

7. If bitcoin and Ethernet have different rules, do they have different ways of trading and investment

for a long time, Ethernet has been regarded as a strong competitor of bitcoin. It wasn't until Andreas antonopoulos claimed that Ethernet was no longer a competitor of bitcoin, which triggered a heated discussion on social networks

people begin to compare the two and discuss the differences in investment and transaction between the two digital currencies< According to Chris burniske, analyst and blockchain proct director of ark investment management company, bitcoin is more used for hedging, while Ethereum, which relies on Ethereum to execute smart contracts, is more seen as a trading tool

bitcoin and Ethereum systems are built on the basis of blockchain, in which transactions will be recorded publicly, making currency and asset transactions more convenient and preferential, eliminating the cumbersome middleman
in December 2015, the price of Ethernet currency was less than US $1, but now it has risen to US $15, nearly 15 times in just six months. This achievement is attributed to Ethereum, whose financial contracts are completely executed by software, which has attracted a large number of users to invest

with the previous example of Ethereum, the success of Dao (decentralized autonomous organization) is nothing to make a fuss about. The crowdfunding platform supported by Ethereum raised nearly $150 million from more than 10000 anonymous users. Each participant is given the right to vote, they can allocate funds, choose projects, once the investment project is successful, they can also get a certain degree of dividend reward< At present, there are 670 bitcoin ATMs in the world, and thousands of outlets support bitcoin payment. Unlike bitcoin, Ethereum has not yet emerged in the field of electronic payment. At present, the main purpose of Ethereum is to support Ethereum network (such as Dao) to run programs<

David ccini, executive director of the strength in numbers foundation, said:

users have different expectations for Ethernet and bitcoin. Both cryptocurrencies can be used for speculation, but the original function of Ethernet currency is to support the operation of applications. Therefore, users need enough Ethernet coins to run their own app. This is also the problem faced by Dao - unless Dao can continuously generate new Ethernet coins, the payment platform will be in danger of outage.

8. They are not in a competitive relationship. Ethereum appeared earlier and has a very important position in this instry. Although coin an started late, it also developed rapidly. Their main focus is also different.