➡️Network Performance Comparison

COMPARISON

Bitcoin and Ethereum are the most popular cryptocurrencies currently. In this section, we compare Friddy against the two leading cryptocurrencies. Bitcoin is only used as a cryptocurrency, while Ethereum is used as a cryptocurrency plus a blockchain network for developing decentralized applications. The following table compares the important aspects among the cryptocurrencies.

FRIDDY vs BITCOIN vs ETHEREUM

Feature	Friddy	Bitcoin	Ethereum	Ref.
Block Interval	Instant	10 minutes on average	10 - 20 seconds	[a], [b]
Confirmation Time	3 seconds	About 40 minutes	About 5 minutes	[c]
Transaction Fees	Free	$20 - $50 per txn	$10 - $70 per txn	[d], [e]
Energy Use	Negligible	135.12 TWh (comparable to Sweden)	57.55 TWh (comparable to Uzbekistan)	[f], [g]
Distribution	Faucets, Games, Contests	Mined	Minted	-
Transaction Throughput	High and Unlimited	3 - 7 TPS	15 - 25 TPS	[h]
Participation	Permissionless	Permissionless	Permissionless
Cryptography	Advanced	Basic	Stronger than Bitcoin	[j]
Hashing Algorithm	Blake2b (2012)	SHA256 (2001)	Keccak-256 (2012)	[i]
Signing Algorithm	ed25519 (2011)	ECDSA (2009)	ECDSA (2009)	[j]
Consensus	Open Representative Voting	Proof of Work	Proof-of-Work to Proof-of Stake	[j]
Backing	Major Crypto Assests	Speculation	Speculation	[k]
[1]

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[1] Sources [a] https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html [b] https://etherscan.io/chart/blocktime [c] https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times [d] https://bitinfocharts.com/comparison/bitcoin-transactionfees.html [e] https://bitinfocharts.com/comparison/ethereum-transactionfees.html [f] https://digiconomist.net/bitcoin-energy-consumption/ [g] https://digiconomist.net/ethereum-energy-consumption/ [h] https://www.mdpi.com/1999-5903/12/8/125 [i] https://github.com/ethereum/eth-hash [j] https://www.cs.ru.nl/bachelors-theses/2018/Lotte_Fekkes___4496426___Comparing_Bitcoin_and_Ethereum.pdf [k] https://cointelegraph.com/news/what-gives-ether-token-its-value