In this article, I will discuss some of the key comparisons between Hive Blockchain and Ethreum Blockchain. To make the comparison fair, I will not talk about the price of Hive is mooning when the crypto market is facing a major crash and Ethereum is down by nearly 8% this week. I will also not compare the Market Cap of these two blockchains. Basically, the comparison will be all about the Blockchain and the features these two crypto projects provided. Honestly, The more I am studying Hive and its ecosystem the more I am becoming a fan of it.
DISCLAIMER:
The main motive of this comparison of this post isn't to say one is a bad one is good. I Hold both of them and love both of them. All information presented is from the whitepaper of both projects and isn't my personal view. The Whitepaper link is presented at the end of the post.
The main moto of the cryptocurrency and Blockchain-based projects is decentralization and I am presenting decentralization as the major point to be considered here in the comparison.
Both of the Blockchain supports the decentralized ecosystem and both have many much-decentralized applications. Decentralized applications are those applications that are built upon another Blockchain network and work upon them in which the transactions are recorded into the base Blockchain layer.
The transaction fee in Etherum and Hive is completely different because Etheruem uses the base fee and tip fee model whereas Hive Blockchain uses the Resource credit model.
More than the price and MarketCap of the coin, I prefer to look for the inflation in any coin because it shows how much new coins are coming to the market and the effect they will have on the price of any asset class.
Hive has adjusted Inflation where the inflation after the 250K block is reduced by 0.01% making it a total of 0.5% per year until it reaches up to the 0.95%.
Whereas Ethereum on other hand has a slightly different approach. In Ethereum the max Ethereum that can be generated per year is 18Millions. It is in the genesis block and after the genesis block, this number gets decreased by every year. I have made a detailed article on this topic on platform named Crypto talk forum, if you are interested you can look at it HERE: What is Ethereum Max Supply? (Described)
The important thing to look at here is the: Ethereum burning fee which means for every transaction there will be the base fee that will be burned and the inflation will decrease faster than calculated in coming years because of this. Recently, a few days ago it was reported that ETHEREUM has become deflationary for the first time.
Tokenomics refers to the number of tokens divided among the holders. Usually, during the launch of the project, it is looked at but inflation tokenomics refers to the distribution of new tokens into the market.
-For ethereum, the inflation is distributed to the stakeholders of ETH 2.0 staked and to the Validators. I didn't found the exact number for this so if anyone has an idea. Let me know in the comments I will update it here.
Both of the Blockchain is doing really well in their place and are offering the best to the users. The best part of both of these blockchains is that both of them are innovative and development is going on both. I think project whose teams are dedicated and has real use-cases should rank higher in the market cap also and I am sure sooner or later it will happen. Because shit coins won't survive the Bear Market.
If you stayed till now. Thanks for reading.
Information Source:
ETHEREUM WHITEPAPER: ETH WHITEPAPER
HIVE WHITEPAPER: HIVE WHITEPAPER
