DAML vs Ethereum

Overview

Ethereum

Stacks875

Followers463

Votes13

GitHub Stars13.6K

Forks5.9K

DAML

Stacks14

Followers30

Votes0

DAML vs Ethereum: What are the differences?

Introduction: DAML and Ethereum are two popular platforms used for building decentralized applications. While both platforms enable the development of smart contracts, there are key differences between them that make them distinct.

Language and Syntax: DAML uses a functional programming language specifically designed for writing smart contracts, while Ethereum uses Solidity, a high-level programming language. DAML's syntax is more expressive and precise, making it easier to write secure and error-free contracts compared to Ethereum's Solidity.
Consensus Mechanism: Ethereum currently uses a Proof-of-Work (PoW) consensus mechanism, which requires extensive computational power and leads to high energy consumption. DAML, on the other hand, is not tied to a specific consensus mechanism and allows developers to choose the most suitable mechanism for their use case, including more energy-efficient alternatives like Proof-of-Stake (PoS).
Privacy and Confidentiality: DAML provides built-in privacy and confidentiality features that allow for the selective disclosure of contract data to participants involved in the transaction. Ethereum, in its current form, lacks native support for privacy features and all transaction details are publicly available to all participants on the network.
Scalability: Ethereum has faced challenges with scalability due to its current design, leading to high transaction fees and slower confirmation times during periods of high network congestion. DAML, however, provides better scalability through its modular and flexible architecture, allowing for easier scaling and efficient transaction processing.
Interoperability: DAML supports interoperability with other platforms, allowing for seamless integration with existing systems and networks. Ethereum, while being widely adopted, has limitations in terms of interoperability, making it more challenging to integrate with other blockchains or systems.
Formal Verification: DAML allows for formal verification of smart contracts, meaning that the correctness of the contracts can be mathematically proven. Ethereum, at present, lacks built-in support for formal verification, making it more susceptible to security vulnerabilities and bugs in the contract logic.

In summary, DAML and Ethereum differ in terms of programming language, consensus mechanism, privacy, scalability, interoperability, and formal verification. DAML offers a more expressive language and better privacy features, while also providing flexibility in consensus mechanisms and scalability. Additionally, DAML supports interoperability and formal verification, making it a robust platform for building decentralized applications.

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Manual

Detailed Comparison

Ethereum	DAML
A decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.	It is an open-source programming language for writing distributed applications quickly, concisely, and correctly. It runs on the leading blockchain platforms which means that you can build your application now and pick which platform works best for you later.
Platform for decentralized applications; Global, and open-source	Supports existing platforms integration like Hyperledger Fabric, R3’s Corda and Amazon Aurora;Scenario-based Testing; Fine-grained Permissions
Statistics
GitHub Stars 13.6K	GitHub Stars -
GitHub Forks 5.9K	GitHub Forks -
Stacks 875	Stacks 14
Followers 463	Followers 30
Votes 13	Votes 0
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	No community feedback yet
Integrations
Golang C++ Python Rust	Hyperledger Fabric PostgreSQL Amazon Aurora

What are some alternatives to Ethereum, DAML?

JavaScript

JavaScript is most known as the scripting language for Web pages, but used in many non-browser environments as well such as node.js or Apache CouchDB. It is a prototype-based, multi-paradigm scripting language that is dynamic,and supports object-oriented, imperative, and functional programming styles.

Python

Python is a general purpose programming language created by Guido Van Rossum. Python is most praised for its elegant syntax and readable code, if you are just beginning your programming career python suits you best.

PHP

Fast, flexible and pragmatic, PHP powers everything from your blog to the most popular websites in the world.

Ruby

Ruby is a language of careful balance. Its creator, Yukihiro “Matz” Matsumoto, blended parts of his favorite languages (Perl, Smalltalk, Eiffel, Ada, and Lisp) to form a new language that balanced functional programming with imperative programming.

Java

Java is a programming language and computing platform first released by Sun Microsystems in 1995. There are lots of applications and websites that will not work unless you have Java installed, and more are created every day. Java is fast, secure, and reliable. From laptops to datacenters, game consoles to scientific supercomputers, cell phones to the Internet, Java is everywhere!

Golang

Go is expressive, concise, clean, and efficient. Its concurrency mechanisms make it easy to write programs that get the most out of multicore and networked machines, while its novel type system enables flexible and modular program construction. Go compiles quickly to machine code yet has the convenience of garbage collection and the power of run-time reflection. It's a fast, statically typed, compiled language that feels like a dynamically typed, interpreted language.

HTML5

HTML5 is a core technology markup language of the Internet used for structuring and presenting content for the World Wide Web. As of October 2014 this is the final and complete fifth revision of the HTML standard of the World Wide Web Consortium (W3C). The previous version, HTML 4, was standardised in 1997.

C#

C# (pronounced "See Sharp") is a simple, modern, object-oriented, and type-safe programming language. C# has its roots in the C family of languages and will be immediately familiar to C, C++, Java, and JavaScript programmers.

Scala

Scala is an acronym for “Scalable Language”. This means that Scala grows with you. You can play with it by typing one-line expressions and observing the results. But you can also rely on it for large mission critical systems, as many companies, including Twitter, LinkedIn, or Intel do. To some, Scala feels like a scripting language. Its syntax is concise and low ceremony; its types get out of the way because the compiler can infer them.

Elixir

Elixir leverages the Erlang VM, known for running low-latency, distributed and fault-tolerant systems, while also being successfully used in web development and the embedded software domain.

Related Comparisons

DAML vs Ethereum: What are the differences?

Language and Syntax: DAML uses a functional programming language specifically designed for writing smart contracts, while Ethereum uses Solidity, a high-level programming language. DAML's syntax is more expressive and precise, making it easier to write secure and error-free contracts compared to Ethereum's Solidity.
Consensus Mechanism: Ethereum currently uses a Proof-of-Work (PoW) consensus mechanism, which requires extensive computational power and leads to high energy consumption. DAML, on the other hand, is not tied to a specific consensus mechanism and allows developers to choose the most suitable mechanism for their use case, including more energy-efficient alternatives like Proof-of-Stake (PoS).
Privacy and Confidentiality: DAML provides built-in privacy and confidentiality features that allow for the selective disclosure of contract data to participants involved in the transaction. Ethereum, in its current form, lacks native support for privacy features and all transaction details are publicly available to all participants on the network.
Scalability: Ethereum has faced challenges with scalability due to its current design, leading to high transaction fees and slower confirmation times during periods of high network congestion. DAML, however, provides better scalability through its modular and flexible architecture, allowing for easier scaling and efficient transaction processing.
Interoperability: DAML supports interoperability with other platforms, allowing for seamless integration with existing systems and networks. Ethereum, while being widely adopted, has limitations in terms of interoperability, making it more challenging to integrate with other blockchains or systems.
Formal Verification: DAML allows for formal verification of smart contracts, meaning that the correctness of the contracts can be mathematically proven. Ethereum, at present, lacks built-in support for formal verification, making it more susceptible to security vulnerabilities and bugs in the contract logic.

DAML vs Ethereum

Overview