Why is there such a big difference between dot and atom (the difference between DTO and DO)

08/10/2023 15:51 • Crypto & Markets • 62 views

Why is there such a big difference between dot and atom? The difference between Polkadot and Ethereum lies in the significant differences in their technologies. The first difference is that they both adopt different consensus mechanisms, so neither has undergone forks or reconstruction upgrades. The second reason is the strong competition between DOT and ATOM, and because of the different consensus mechanisms between the two, there is a large performance difference between the two projects. The third point is that there is not enough technological breakthrough. The fourth point is that the level of network interoperability between the two public chains is also different (such as aelf, NEO).

The Difference between DTO and DO

The blockchain projects DTO and Dodo have fundamental differences. Both of them use a similar concept of “code is law”, which means they are completely independent. The main differences between these two are as follows: one is the smart contract platform in the Ethereum network; the other is DTO (Decentralized Autonomous Organization), which follows the same rules, mechanisms, and protocols to operate.

In simple terms, dToken can be understood as an open DAO system where anyone can create what they want. In this case, users can initiate proposals or submit governance votes to other users through smart contracts and participate in management. When the community decides how to allocate funds, the token will be distributed to all stakeholders in a fixed proportion. At the same time, due to its design concept, these members also need to comply with different standards to participate in the operation of the system.

However, if you want to consider DTO as a distributed ledger system, then it is equivalent to deploying a network composed of smart contracts on the blockchain. Therefore, these two cryptocurrencies are defined in blockchain technology, so let’s use dToken here. What is dToken? In short, dToken is a programmable ERC-20 token for digital assets. This token has immutable and unique characteristics, but there are also certain limitations, such as not owning a Bitcoin or any other assets and not being able to unlock them at any time. In this way, everyone can create their own wallet application on the blockchain network and choose to entrust these private keys to another person. However, you can issue such tokens like a bank, and as long as someone is willing, they can withdraw funds from your account or entrust them to others. In this way, all transaction records will be publicly transparent and visible to everyone, which is a feature built into the smart contract system referred to as dToken. The specific implementation is as follows:

1. DTO is a permissionless, unmanaged financial service, which includes collateral types. 2. DTO is a blockchain-based equity proof that allows people to build their own equity proof network on it. 3. DTO is a trustless, intermediary-free payment infrastructure. 4. DTO is a technical solution that matches the execution of real-world contracts. 5. DTO is an open-source software product designed to help developers and businesses build new business logic, new application scenarios, and introduce them to the mass market.

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Why is there such a big difference between dot and atom (the difference between DTO and DO)

The Difference between DTO and DO

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