Part 2: Achain vs Popular smart contract platforms – Ethereum, NEO and Waves
Continuing with our series on Achain smart contract development, today we look at how Achain is different from other smart contract platforms. We will be comparing Achain with Ethereum, NEO and the Waves platform as to how Achain is different from them.
If you want to know what Achain is, read Part 1: Introduction to Achain.
Achain vs Ethereum
Ethereum, the world’s most popular smart contract development platform is not completely devoid of drawbacks. And Achain solves some of the drawbacks. One major difference between Achain and Ethereum is the consensus algorithm. Ethereum uses Delegated Proof of Stake (DPoS), in which the creators of a new blocks are choosen in a derterministic way, depending on the creators wealth. DPoS are more cost effective than Proof of Work. However, DPoS only allow one validator to generate a block. Achain takes DPoS a step futher, by making their own properity version of DPoS called Result Delegated Proof of Stake (RDPoS). This allows up to 99 validators as opposed to Ethereum’s one validator to verify the transaction. This unique consensus mechanism of Achain allows it achieve 1000 tx/s.
However, as a smart contract developer you will rarely have to concern about the consensus mechanism, and Achain does a pretty good job in making their platform developer friendly. Firstly, Achain utilises LUA as their programming language. Lua won’t be the most popular language but it does come in the top 20 preferred language in the world with a huge vibrant community. Whereas, Ethereum’s language of choice is Solidity which isn’t that popular. Second major difference compared to Ethereum is the language support. Achain does support multiple languages just as JAVA, C# and even Solidity, which will make any seasoned developer easy to shift to Achain platform.
And lastly, Achain platform has been developed with “Forking” in mind. It’s easy to fork an existing chain and customize it according to your needs. And the best part all the Achain token holders do get a part of the forked chain as well. PundiX one of the major tokens in the crypto world is doing something similar.
Achain vs NEO
Achain is very similar to NEO both from the Development perspective as well as the Use case perspective ( bonus even the country of Origin, as both are from China ). Both Achain and NEO are focussed on the ease of development of Smart contract & DApps (Decentralized Applications).
But one area where Achain differs from is NEO is the ease of forking and customizing the forked chain according to your business needs. And the best part it that Achain really needs a small team of developers (can be done with a single developer as well) to make the fork, customize and Deploy it to the main chain.
Achain vs Waves Platform
Achain is a little different from Waves platform. Waves is more focused towards the people with no coding experience. That means a person can create a token using drag and drop (GUI) features (similar to creating drag and drop HTML pages). Moreover, Waves is more suited to develop and launch their own tokens rather than DApps. While Achain is more focused towards the developers, giving more control to them, and supporting multiple languages. Furthermore, Achain allows developers to create their own DApps on top of the Achain platform, a feature which Waves platform does not allow yet.
Achain project may very well become the go-to competitor for any major cryptocurrency in existence today. It will eventually become possible to use ABitcoin, AEthereum, ARootstock, ALitecoin, and so on. It only takes a small team of people to fork Achain into something else entirely. And moreover, It becomes evident rather quickly how Achain may be capable of rivaling either Ethereum or NEO in the future. Some of the applications that are possible on Achain are a credit scoring solution, a digital wallet, a game, and point-of-sale solutions.
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