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BigchainDB vs Ethereum: What are the differences?
# Introduction
Key differences between BigchainDB and Ethereum are outlined below:
1. **Consensus Mechanism**: BigchainDB utilizes a consensus model known as Byzantine Fault Tolerance (BFT), where transactions are validated by a selected group of nodes, whereas Ethereum uses the Proof of Work (PoW) consensus mechanism, which requires miners to solve complex mathematical puzzles to validate transactions.
2. **Scale and Performance**: BigchainDB is designed for high throughput and low latency applications, capable of processing thousands of transactions per second, while Ethereum, in its current state, struggles with scalability issues, often experiencing network congestion and slower transaction speeds.
3. **Data Model**: BigchainDB focuses on storing and managing large volumes of data efficiently, making it ideal for applications that require data-intensive operations, whereas Ethereum primarily serves as a decentralized platform for executing smart contracts and building decentralized applications (dApps).
4. **Governance and Control**: In BigchainDB, users have greater control over the network as they can set up their own private instances, customize consensus algorithms, and manage permissions, whereas Ethereum operates on a public blockchain with decisions made by the community through consensus protocols.
5. **Smart Contract Functionality**: While both platforms support smart contracts, Ethereum's programming language, Solidity, is more established and widely used for developing complex smart contracts, whereas BigchainDB focuses on integrating smart contracts with traditional database functionalities, offering more flexibility in data handling.
6. **Token Economics**: Ethereum has its native cryptocurrency, Ether, which serves as a means of transacting value and paying for network fees, whereas BigchainDB does not have a native token and instead focuses on facilitating the storage and management of digital assets on the blockchain.
In Summary, a few key differences between BigchainDB and Ethereum lie in their consensus mechanisms, scalability, data management approaches, governance structures, smart contract functionalities, and token economics.
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Pros of Ethereum
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Pros of Ethereum
- Decentralized blockchain, most famous platform for DApp7
- Resistant to hash power attacks2
- Rich smart contract execution environment2
- #2 on capitalization after Bitcoin2
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Cons of BigchainDB
Cons of Ethereum
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Cons of Ethereum
- High fees and lacks scalability1
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What is 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.
What is Ethereum?
A decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
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What companies use BigchainDB?
What companies use Ethereum?
What companies use BigchainDB?
What companies use Ethereum?
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What tools integrate with BigchainDB?
What tools integrate with Ethereum?
What tools integrate with BigchainDB?
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What are some alternatives to BigchainDB and Ethereum?
MongoDB
MongoDB stores data in JSON-like documents that can vary in structure, offering a dynamic, flexible schema. MongoDB was also designed for high availability and scalability, with built-in replication and auto-sharding.
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.
MultiChain
It is a platform that helps users to establish a certain private Blockchains that can be used by the organizations for financial transactions.
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.
MySQL
The MySQL software delivers a very fast, multi-threaded, multi-user, and robust SQL (Structured Query Language) database server. MySQL Server is intended for mission-critical, heavy-load production systems as well as for embedding into mass-deployed software.