Crypto Academy Week 9 - Homework Post for @alphafx

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Hello steemit community! This is my first homework post for @alphafx. I'm already excited so let's get started without wasting any time.

Give a detailed comparison between two blockchain platforms of your choice.

Let's start with "What is Blockchain"?
Blockchain is a method of storing data in such a way that it is difficult or impossible to alter, hack, or trick it. A blockchain is a decentralised ledger of transactions that is duplicated and distributed through the blockchain's entire network of computer systems. [Source— Research on Quora]
Now let's cut to the chase.
The two Blockchain platforms I'm choosing for comparison are; "Ethereum and tron".

Let's first talk about Ethereum.

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Ethereum is a decentralised, open-source, blockchain-based software platform that runs its own cryptocurrency, ether. It allows SmartContracts and Distributed Applications (Apps) to be designed and run without the risk of downtime, fraud, control, or third-party intervention.
The ethereum blockchain is similar to the bitcoin blockchain in that it keeps track of all transactions. The ethereum network, on the other hand, enables developers to create and deploy decentralised applications (‘dapps'). These, along with transaction records, are also stored on the blockchain.

[Ethereum is the most actively used blockchain.]~~ Wikipedia.

What is Tron?

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Tron is a decentralised blockchain-based network that aims to create an open, global digital content entertainment system using distributed storage technology and allows for fast and cost-effective digital content sharing.
Tron was created in September 2017 by the Tron Foundation, a Singapore-based non-profit organisation. It is led by CEO Justin Sun and has an in-house development team that includes well-known technology veterans.

What Is Tronix (TRX)?

Tronix(TRX) is the cryptocurrency used by the Tron network. Tronix can be purchased on exchanges such as Liqui and Binance by trading other cryptocurrencies such as ETH or BTC. At this time, purchasing with fiat currencies is not feasible. It can be held in wallets like MyEtherWallet that support the Ethereum blockchain.

Comparison between ethereum and tron.

After Bitcoin popularised blockchain technology, many creative minds around the world began to investigate it because it had so much promise. In reality, the idea of blockchain was so intriguing that it spawned a slew of ventures, the most well-known of which is Ethereum.
However, Ethereum is not alone in the crypto world; it now has a significant rival who, according to some enthusiasts, has the potential to surpass Ethereum in the race to decentralise the world. Tron is the name of this project.
Unlike Ethereum, which is a general decentralised platform for creating any kind of dapp, Tron seeks to remain within the bounds of the ‘digital content platform,' despite the fact that there appear to be no significant variations between the two.
As the popularity of decentralised applications rises, the competition between Ethereum and Tron is on the verge of becoming a full-fledged rivalry. For developers, this is crucial, as many experts believe the war between Ethereum and Tron will be the next Microsoft vs. Apple. However, developers aren't the only ones who are excited about these two projects. Investors from all over the world, both large and small, are searching for ways to profit, and some have already done so with Ethereum. However, with the arrival of a new and powerful project in the crypto world, investors will need to adjust their strategies.

Ethereum has the lead.

Despite the fact that Tron is vigorously promoting the network, it is still far behind Ethereum in terms of popularity. In order to compare the power of these two businesses, we must first compare their coins.
After Bitcoin, Ethereum's Ether (ETH) is the second most common cryptocurrency. The estimated market capitalization is more than $14.5 billion. Tron's investors, on the other hand, have almost a billion dollars. As a result, it's fair to assume that Ethereum's current market capitalization is a significant benefit.
However, Tron's popularity has recently soared for a variety of reasons, including some intriguing projects built on the platform. While it cannot currently compete with ETH, Tron has one significant advantage: it is based in China and has the ability to reach a market of over one billion people.

Which platform has a brighter future then?

At this stage, it's difficult to predict who will win the race — assuming there is one at all. The most likely scenario is that both systems will have large user bases and will coexist.
However, the cryptocurrency industry, like blockchain technology, is still in its infancy, and no one can predict what will happen in the future. Who knows, maybe Ethereum and Tron will be overshadowed by another similar platform.
Both Vitalik Buterin, the founder of Ethereum, and Justin Sun, the founder of Tron, are working hard to improve and promote their respective platforms.

That is all from my side.

Professor @alphafx, I did my research from internet like the market cap of the coins, etc so I hope that doesn’t come under plagiarism and everything that I have taken directly from the internet, I have mentioned the source.