TRON vs Ethereum vs Bitshares
As the world of blockchain continues to evolve, many people are looking at which platform to choose for their cryptocurrency needs. There are many options available, but three of the most popular are TRON, Ethereum, and Bitshares. In this post, we will be comparing the three platforms to help you decide which one will work best for you.
What is TRON?
TRON was created by Justin Sun in 2017 and boasts of being a decentralized platform for building dApps, smart contracts, and blockchain-based applications. TRON's currency is called TRX, and it has a total supply of 100 billion coins.
What is Ethereum?
Ethereum is an open-source, blockchain-based platform that allows developers to build decentralized applications. Ethereum's currency is called Ether (ETH), and its total supply is not capped like Bitcoin, but supply issuance is limited to a fixed amount annually.
What is Bitshares?
Bitshares is a decentralized exchange network created in 2013 by Dan Larimer. Bitshares' currency is called BitUSD and is pegged to the value of the US dollar. Bitshares has a limited supply of 3.6 billion tokens, and its network is designed to be scalable and energy-efficient.
Comparison
Transaction Speed
TRON has a significantly higher transaction speed compared to Ethereum and Bitshares. TRON can handle up to 2,000 transactions per second while Ethereum can handle about 15 transactions per second, and Bitshares can handle around 100,000 transactions per second.
Winner: TRON
Transaction Fees
TRON has an average transaction fee of $0.00003, Ethereum's transaction fee varies but is currently around $25, and Bitshares' transaction fee is free but has a fee for bandwidth and storage use.
Winner: TRON
Scalability
TRON, Ethereum, and Bitshares are scalable blockchains, but TRON has an edge in terms of transaction speed.
Winner: TRON
Security
TRON, Ethereum, and Bitshares are all secure platforms with robust security protocols in place. However, Ethereum's smart contracts are well-known for vulnerabilities, whereas Bitshares uses the Delegated Proof of Stake (DPoS) consensus mechanism, which is considered more secure than Ethereum's Proof of Work (PoW) mechanism.
Winner: Bitshares
Conclusion
All three platforms have their strengths and weaknesses. TRON is the fastest and most cost-effective, while Ethereum is the most well-known and established platform with a larger developer ecosystem. Bitshares has an excellent reputation for security, and its DPoS consensus mechanism is more energy-efficient than Ethereum's PoW.
Ultimately, it depends on what features are most important to you as a user. If transaction speed and cost are your primary concern, TRON is the best choice. If you want a more established platform with a larger developer community, Ethereum is recommended. If security is your primary concern, Bitshares is the better choice.