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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