Place/Date: - September 6th, 2022 at 4:25 pm UTC · 3 min read
The advent of Blockchain technology came with the creation of Bitcoin (in 2009) and has since been one of the best mainstream techs. There has been a constant improvement to this technology over the years, and this improvement is easily noticeable in the creation of modern-day Blockchain-based platforms to solve problems in the cryptocurrency market.
Ethereum (ETH) being one of the oldest, and most successful Blockchain platforms, it is not illogical that newer Blockchain-based platforms compare to it in terms of features and functionality.
Seedilium (SED) is an emerging platform/exchange for building decentralized applications, and this is an informative piece on how it compares to Ethereum. We’ll understand the functionality of both platforms, key features, and differences between them.
Ethereum (ETH) is a decentralized Blockchain-based platform launched in 2015 by Vitamin Buterin. The decentralized nature of Ethereum makes it possible for developers to create any possible digital application or technology. The Blockchain-based platform has its own native token used in the cryptocurrency market known as Ether or ETH and is of use in the Blockchain network for about anything, including payment on the Blockchain. The developers of Ethereum prioritized programmability while creating the platform, and it has gained global adoption since its launch.
Ethereum (ETH) works by following smart contract rules for functionality, and currently has numerous decentralized applications on the exchange.
Key features of Ethereum include:
Seedilium (SED) is a type of Blockchain technology built to allow users to have control over their assets. Seedilium (SED) has introduced a hybrid system that incorporates centralized and decentralized concepts of the Blockchain into one.
Seedilium (SED) is a problem-oriented project, and it has three key features – Exchange, Payments, and Remittances. Seedilium provides a hybrid exchange platform for NFTs and crypto. The project’s developers work tirelessly to provide solid payment options to users by integrating every tool necessary for the project. Lastly, Seedilium remittances will allow unhindered international transfers to every country.
The native token of the Seedilium ecosystem is the Seedilium token (SED). It is a new cryptocurrency that serves as one of the major methods by which users can pay on the platform. SED covers trading, payments, and every task regarding finances. The new cryptocurrency is used for the following:
One of the major advantages of Seedilium over Ethereum Blockchain is the two-way tech with which it was built. Seedilium is the first exchange to provide both centralized and decentralized exchanges into one. This implies that Seedilium easily matches the features of Ethereum (which is solely decentralized). Seedilium also addresses some setbacks identifiable on the Ethereum Blockchain.
Ethereum transaction processing speed isn’t the most impressive. This sluggishness in transaction processing has made scalability a big issue of the Ethereum network. Seedilium (SED) was created to be impressively scalable and fast, hence comparing better to Ethereum in this respect.
Also, the outrageous transaction gas fees on Ethereum always have people talking. Seedilium has reasonable transaction fees, and you need not break your wallet to make transactions.
Seedilium (SED) has put together for users, a top-notch blockchain experience. Not only do the features of SED compare shoulder-to-shoulder to Ethereum which has been around for a while; it also perfectly addresses the setbacks of the latter to give users a seamless experience using the platform.
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