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Security |
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Public Blockchain with security features built in.
Lamport digital signature algorithm. Claims to be resistant to quantum computer attacks.
Customized P2P network with data storage encryption, location transparency, source nontraceability
Merkle Patricia Trie data structure
Although the hash algorithm built into Bitcoin and Ethereum is secure with todays technology from brute force attacks, quantum computing may support enough computational power to compromise these algorithm.
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Data is only shared between parties involved in the transaction, verifiers, and permissioned observers. This allows an extra layer of security from traditional DLT where the data is spread throughout the network.
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Membership Service Provider - pluggable interface that supports customizable credential architectures and certificate authorities
Concrete identity format
User credential validation
User credential revocation
Signature generation and verification
For more information:
http://hyperledgerdocs.readthedocs.io/en/latest/security_model.html
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Permissionless
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Permissioned
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Consortium
Permissioned, private network.
To enable permissioned networks, Hyperledger Fabric provides a membership identity service that manages user IDs and authenticates all participants on the network. Access control lists can be used to provide additional layers of permission through authorization of specific network operations.
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Based on zero knowledge proof. Hides the send, receipt address and transfer amount.
Similar in function to the zk-SNARK feature Ethereum added during their Metropolis release.
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Privacy concerns are addressed through the pluggable uniqueness services, and restriction of viewing transactions.
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Private Channels
A Private Channel is a subnet communication between two or more parties in the network that performs a private and confidential transaction.
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Algorithms |
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Fast Paxos PoS variant.
The consensus of TRON adopts a three-step strategy.
1. Kafka-based technology system: implement a centralized consensus algorithm.
2. Raft-based distributed consensus mechanism: realize the centralized and distributed leapfrogging. Improves network function/distribution and lays the foundation for distribution with no logical center.
3. Consensus mechanism of Proof of Stake and realize the Byzantine Fault Tolerant Consensus.
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Notaries - Pluggable Framework, Validity consensus and Uniqueness consensus
transaction validity and transaction uniqueness.
https://docs.corda.net/key-concepts-consensus.html
Corda uses special Notary Nodes to reach consensus. Notaries are nodes that specifically address double spend attempts.
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Multiple options:
Pluggable Framework
No-op (no consensus)
PBFT
PBFT - Practical Byzantine Fault Tolerance
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Efficiency |
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Moderate
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Fast
Built for financial applications
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Varies
Depends on implementation
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Block Confirmation Time
Details
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Fast
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TBD
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Varies
Depends on implementation
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Development |
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Proprietary Codebase
Details
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Open source but goverened by the TRON organization
Built on Ethereum, but planning to move to own main net in June 2018
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Open Source
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Open Source
https://github.com/hyperledger/fabric
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General |
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Blockchain / DLT type
Details
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Public
Open source public blockchain fuelled by cryptocurrency.
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Not a blockchain. Uses DLT to create transaction efficiencies between permissioned parties rather than the same ledger for the entire network, which R3 Corda believes is inefficient.
https://vimeo.com/205410473
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Federated / Consortium, Permissioned Network
Federated Blockchains operate under the leadership of a group. As opposed to public Blockchains, they don’t allow any person with access to the Internet to participate in the process of verifying transactions. Federated Blockchains are faster (higher scalability) and provide more transaction privacy - important aspects for Enterprise focused deployments
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Similar to Ethereum:
Generic, with DApp and Smart Contract support for wider applications
It is not modularity that stands out but the provision of a generic platform suitable for various types of transactions and applications
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Less focus on modularity
Focus is on financial applications, but may support more use cases in the future.
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Modular Architecture is a core focus of Platform
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Currently supports 15 TPS as it is on the Ethereum platform. Will be able to support up to 1000 TPS once main net launches
Scalability is a core feature for TRON. They want to be able to support large commercial projects, while minimizing transactions fees and time.
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Corda focuses on scaling through reducing inefficiencies in consensus mechanisms. By limiting involvement to just the transacting parties, beneficiaries, and verifiers it aims to position itself as more scalable than PoW
performance considerations https://www.corda.net/2017/12/dlt-performance-considerations/
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1000 TPS capacity for now. Developed with scaling in mind. Provides flexibility in size and throughput depending on the implementation.
A Performance and Scalability Workgroup exists within the community to discuss, research, and identify key use cases and metrics for all blockchains.
Hyperledger Fabric is built on a modular architecture that separates transaction processing into three phases: distributed logic processing and agreement ('chaincode'), transaction ordering, and transaction validation and commitment. This separation confers several advantages: Fewer levels of trust and verification are required across node types, and network scalability and performance are optimized.
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Varies
https://tronscan.org/#/blockchain/stats
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Varies
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500 transactions per block
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