IOTA Developer: Ethereum Network Outperforms IOTA For This Reason
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Answer IOTA Developer: Ethereum Network Outperforms IOTA For This Reason
In a unique statement, Eric Hope, one of the largest developers in IOTA, admitted that smart contracts in Ethereum are better than those in IOTA.
The confession was made through a discussion that “Hope” had on the . channel discord He compared Ethereum to IOTA, highlighting the differences between the two and mentioning the superiority of the Ethereum smart contract over its counterpart in the IOTA network.
Eric Hope mentioned that there are applications where Ethereum smart contracts are more suitable than those of IOTA, where the flexibility of IOTA becomes a drawback in some applications.
According to Hope, it is safer to hold a large amount of money for a long time in a contract like Ethereum, as he notes that this network allows for dependence on it without fear.
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Advantages of IOTA smart contracts compared to its peers:
Prominent and objective developer Hope took his time to point out some of the key advantages of IOTA smart contracts over their other counterparts.
Hope said that the IOTA Smart Contract Protocol (ISCP) is resourceful, efficient, and highly flexible compared to other blockchain counterparts.
The IOTA smart contract gives a more flexible method that contributes to making transaction costs cheaper compared to other blockchains such as Ethereum.
Hope also revealed the usefulness of the Internet of Things (IoT) that IOTA uses to record and execute transactions, praising IOTA for its high flexibility.
Hope pointed out that IOTA smart contracts not only contain a built-in virtual machine (VM), but also allow accurate handling of the SC token, which confirms that IOTA will fit any changes or extensions implemented in the future.
Unlike Ethereum, IOTA allows the ability to retrieve a previous transaction before it is confirmed.
Ethereum also performs direct validation on the blockchain, while in IOTA, the IOTA smart contract adopts contract collection services and passes a pool that certifies them.
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IOTA allows choosing between small and large nodes, defines consensus, and sends results to the tangle node.
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