What is the difference between Xiaoyi Blockchain and Bitcoin Blockchain? Learn about the coin circle in one article

The main differences between ant blockchain and Bitcoin blockchain include: 1. Consensus mechanism: Ant blockchain uses DPoS or dBFT, and Bitcoin uses PoW. 2. Smart contract: Ant blockchain supports it, Bitcoin does not. 3. Block confirmation speed: Ant blockchain 15 seconds, Bitcoin 10 minutes. 4. Asset Management: Ant Blockchain can issue a variety of digital assets, and Bitcoin mainly trades Bitcoin. 5. Total tokens: 100 million ant coins and 21 million Bitcoins.

There are many differences between Ant Blockchain and Bitcoin Blockchain, as follows:

• Consensus mechanism:
  • Xiaoyi Blockchain adopts delegated proof of stake (DPoS) or improved dBFT consensus mechanism based on Byzantine fault tolerance (PBFT). Under the DPoS mechanism, nodes elect several agents, which are verified and accounted for by agents; the dBFT mechanism reaches a consensus through voting, which can solve the forking problem well and improve network efficiency. On the premise of ensuring flexibility and security, the maximum fault tolerance of (n-1)/3 fault nodes is allowed, and almost no computing resources are consumed.
  • The Bitcoin blockchain adopts a Proof of Work (PoW) mechanism and relies on machines to perform mathematical operations to obtain accounting rights. The resource consumption is higher than other consensus mechanisms and is weak in supervision. Each time a consensus is reached, the entire network needs to participate in the computing, which has relatively low performance efficiency. In terms of fault tolerance, 50% of the nodes in the entire network make mistakes, and it is easy to cause forks.
• Smart contract support:
  • Xiaoyi Blockchain supports smart contracts, which makes it applicable to many fields such as finance, the Internet of Things, supply chain management, etc., and can achieve automated, trustless transactions and contract execution, with a wider range of application scenarios.
  • The Bitcoin blockchain does not support smart contracts, and its functions are mainly concentrated on transactions and transfers of digital currencies, and the application scenarios are relatively narrow.
• Block confirmation speed:
  • The time for Xiaoyi Blockchain to confirm a block is short, and a block can be confirmed in about 15 seconds. The transaction speed is faster and can meet some scenarios with high requirements for transaction timeliness.
  • The Bitcoin blockchain generates a block every 10 minutes or so. The block confirmation time is long and the transaction speed is slow. Congestion may occur when handling large-scale high-frequency transactions.
• Asset Issuance and Management:
  • Xiaoyi Blockchain is committed to digitizing assets and interests in the physical world, and conducts financial services such as registration and issuance, transfer transactions, clearing and delivery through point-to-point networks. It can issue a variety of digital assets on the chain and has a complete digital asset management system.
  • The Bitcoin blockchain mainly revolves around Bitcoin, a digital currency. Although there are also attempts to create other digital assets by tracking specific Bitcoins, the asset issuance and management functions are relatively simple.
• Total tokens:
  • The total number of small ant coins is limited to 100 million, which is relatively more liquid and may be more widely distributed and used in the market.
  • The total amount of Bitcoin is limited to 21 million, with limited quantity and strong scarcity. This is also one of the factors that its value is promising, but its liquidity may not be as good as that of Xiaoyicoin.

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