More Related Content Similar to How Does Zilliqa Compare To Other Public Blockchains? (20) How Does Zilliqa Compare To Other Public Blockchains?1. Ethereum uses Proof-of-Work as its consensus protocol, which
requires significant energy to function. It can only process about
10 to 12 transactions per second and requires numerous
confirmations before the block is committed.
Ethereum uses Turing complete language, which is
fundamentally insecure and can be susceptible to bugs.
Ethereum is looking into ways to improve scalability however, it
does not have a solid solution yet.
EOS' Delegated Proof of Stake does not guarantee transaction finality.
EOS utilizes dPoS as its consensus protocol, which is effective in
yielding scalability with high throughput but introduces significant
security and centralization risks in the network.
NEO uses *dBFT consensus protocol, which can drastically
reduce the liquidity in the market.
NEO's dBFT can also create more centralization, which
makes the network more susceptible to attacks.
Zilliqa uses *pBFT as a consensus protocol and only uses Proof
of Work for miner identification. It can process 500 times
more transactions per second at a much lower energy cost.
Zilliqa's pBFT provides finality in transactions and requires no
confirmation. This drastically reduces storage requirements.
Zilliqa has smart contract functionality and will be ideal for
building de-centralized apps (dApps) on its platform.
Zilliqa uses pBFT consensus protocol, which is extremely
efficient and its transaction throughput, in its early stages is
already aproximately 250 times higher than that of Ethereum.
Zilliqa uses a non-Turing complete language for smart
contracts, making it less susceptible to bugs.
Zilliqa has the first mover advantage in implementing a truly
scalable blockchain technology.
Zilliqa’s pBFT consensus protocol gives finality
to transactions in a way not achievable by
other protocols.
Zilliqa solves the scalability issue without
compromising security or decentralization in
the blockchain.
Zilliqa uses pBFT consensus protocol, which
does not reduce market liquidity.
Zilliqa is able to scale without sacrificing
security or decentralization. It achieves this
through the use of sharding. Using sharding
technology, ZIlliqa is set to achieve Visa and
MasterCard level transaction throughput of
about 4000 transactions per second.
How Does Zilliqa Compare To Other
Public Blockchains?
*pBFT (Practical Byzantine Fault Tolerance)
*dBFT (Delegated Byzantine Fault Tolerance)
*Sharding is the process which automatically splits up a
large network of machines, each processing transactions,
into parallel sub-committees or "shards". Each shard
processes its own micro-block in parallel with other
shards, and resulting micro-blocks are merged into a final
block which is added to the blockchain.
© Isaac S. Haynes, PhD All rights reserved 2018
NEO
EOS
Ehtereum
Bitcoin Bitcoin has a processing speed of only 4-7 transactions per second.
Bitcoin uses Proof of work as a consensus protocol which is very
energy intensive.
Bitcoin’s consensus mechanism has significant storage
requirements.
Bitcoin does not support smart contracts.
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