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  1. Stackups
  2. Application & Data
  3. Databases
  4. Blockchain
  5. Ethereum vs MultiChain

Ethereum vs MultiChain

OverviewComparisonAlternatives

Overview

Ethereum
Ethereum
Stacks875
Followers463
Votes13
GitHub Stars13.6K
Forks5.9K
MultiChain
MultiChain
Stacks13
Followers31
Votes4

Ethereum vs MultiChain: What are the differences?

  1. Consensus Mechanism: Ethereum uses a proof-of-work consensus algorithm, while MultiChain provides the flexibility to choose between various consensus mechanisms, including proof-of-work, proof-of-stake, and round-robin.
  2. Smart Contract Flexibility: Ethereum has a built-in Turing-complete programming language, making it more suitable for complex smart contracts, while MultiChain focuses on simplicity, allowing for faster deployment and execution of smart contracts within specific boundaries.
  3. Public vs Private Blockchain: Ethereum is a public blockchain platform where anyone can participate and verify transactions, while MultiChain is primarily designed for private and permissioned blockchain networks, providing more control over access and data privacy.
  4. Tokenization Capabilities: Ethereum natively supports the creation of digital tokens and decentralized applications (dApps), while MultiChain focuses on asset issuance and transfer within a specific blockchain network, limiting tokenization functionalities.
  5. Scalability Solutions: Ethereum is actively working on scaling solutions such as Ethereum 2.0 to improve network throughput and transaction speeds, whereas MultiChain prioritizes scalability within smaller, more focused blockchain networks for enterprise use cases.

In Summary, Ethereum and MultiChain differ in consensus mechanism, smart contract flexibility, blockchain accessibility, tokenization capabilities, and scalability solutions.

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Detailed Comparison

Ethereum
Ethereum
MultiChain
MultiChain

A decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.

It is a platform that helps users to establish a certain private Blockchains that can be used by the organizations for financial transactions.

Platform for decentralized applications; Global, and open-source
Smart contracts are not needed; Flexible asset metadata; Permissioned follow-on issuance; Atomic multi-asset payments; Multi-way atomic asset exchanges; Multi-signatures for security and escrow; Subscribe to an asset to query transactions.
Statistics
GitHub Stars
13.6K
GitHub Stars
-
GitHub Forks
5.9K
GitHub Forks
-
Stacks
875
Stacks
13
Followers
463
Followers
31
Votes
13
Votes
4
Pros & Cons
Pros
  • 7
    Decentralized blockchain, most famous platform for DApp
  • 2
    Rich smart contract execution environment
  • 2
    #2 on capitalization after Bitcoin
  • 2
    Resistant to hash power attacks
Cons
  • 1
    High fees and lacks scalability
Pros
  • 4
    No Transaction Fees
Integrations
Golang
Golang
C++
C++
Python
Python
Rust
Rust
C++
C++
Python
Python
Golang
Golang
Rust
Rust
Wagyu
Wagyu

What are some alternatives to Ethereum, MultiChain?

Hyperledger Fabric

Hyperledger Fabric

It is a collaborative effort created to advance blockchain technology by identifying and addressing important features and currently missing requirements. It leverages container technology to host smart contracts called “chaincode” that comprise the application logic of the system.

Tendermint

Tendermint

It is a software which can be used to achieve Byzantine fault tolerance (BFT) in any distributed computing platforms. It consists of two chief technical components: a blockchain consensus engine and a generic application interface.

IPFS

IPFS

It is a protocol and network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.

Web3j

Web3j

It is a lightweight, highly modular, reactive, type safe Java and Android library for working with Smart Contracts and integrating with clients (nodes) on the Ethereum network. This allows you to work with the Ethereum blockchain, without the additional overhead of having to write your own integration code for the platform.

Ripple

Ripple

It is an open source protocol which is designed to allow fast and cheap transactions.

BigchainDB

BigchainDB

It is designed to merge the best of two worlds: the “traditional” distributed database world and the “traditional” blockchain world. With high throughput, low latency, powerful query functionality, decentralized control, immutable data storage and built-in asset support.

Eris

Eris

It is free software that allows anyone to build their own secure, low-cost, run-anywhere applications using blockchain and smart contract technology.

Litecoin

Litecoin

It is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It is an open source, global payment network that is fully decentralized without any central authorities.

Exonum

Exonum

It is a leading blockchain framework, designed to bring efficiency and security to your operations.

Decentralized Internet

Decentralized Internet

A library and SDK built for building decentralized web and grid computing projects.

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