Stellar or Ethereum which benefits?

arthurmsouza

Hi everyone, I would like to understand more about the benefits of Stellar over Ethereum. Things like Smart Contract, ICO's, network, TPS. You have examples or cases where I can see how to implement this. I'm going to launch a new platform, but I'm not sure on which platform to use Ethereum or Stellar? Can you help me with this issue? tks!

bkolobara

Hi arthurmsouza,

Ethereum and Stellar have completely different use cases. Ethereum is a smart contract platform currently using Proof of Work to secure the network. Stellar is a decentralised exchange using the Stellar Consensus Protocol. Both allow you to issue tokens on them. I would say that Stellar is simpler and more secure for issuing ICOs, but doesn't provide complex decentralised applications. Being lean allows Stellar to have a higher transaction throughput.

It really depends on what you are doing. If you give us more details about your platform maybe we are going to be able to do a better comparison.

Marksets

bkolobara hi, seems you have lots of experience with stellar.
I understand stellar has a high throughput but can I get a value on that.

And how easy is it to create the tokens, is their a wallet like myetherwallet that can hold multiple assets

I am really interested in creating a token on stellar, can you point me to resources I can use.

Marksets

Which kind of smart contract do I create with Stellar

umbrel

Marksets Somebody else just replied to similar question under 24h ago:

The two platforms are really quite different. Network is completely differently set up, protocols are totally different, and I don't know what TPS is.

I can tell you that smart contracts are totally different. Stellar is pretty much all about sending money and other assets across the world. Ethereum has an entire "ethereum virtual machine" which allows developers to write code which is executed in a decentralized manner. Stellar uses the term "smart contracts", but it means something very very different from what it means in Ethereum land.

Here are some articles about "smart contracts" in Stellar. https://www.stellar.org/blog/multisig-and-simple-contracts-stellar/
http://jedmccaleb.com/blog/bitcoin-lightning-stellar/ (edited)

Technically speaking, Ethereum's smart contracts are Turing-complete, while Stellar's are not.
Here's some literature on Stellar for ICOs specifically https://www.stellar.org/blog/using-stellar-for-ico/

Throughput from tests was at least 1000-1500 txns / s and bottlenecks are not the software, but connection and hardware. But let's reach that volume in real world first and then see what happens