'Comparison on Core Elements of Major Public Chains' defi publicchain
In this paper, public chains with different features have been briefly introduced. Comparing the features of different public chains, Ethereum is the well-deserved largest public chain and provides the underlying infrastructure for other on-chain projects and applications. Meanwhile, other public chains also have specific merits that will offer better support for projects in different verticals.
Among all the three mechanisms, the EIP-1559 destruction mechanism is the most sufficient in maintaining the scarcity of ETH: all the ETH destructed by this is permanently removed from circulation. The biggest advantage of Ethereum lies in its comprehensive and prosperous ecology and wide acceptance. Ethereum can satisfy functional services that public chain projects can provide.
The consensus algorithm applied by Cosmos is of high performance and consistency, and under the guarantee of its strict fork responsibility system, thus preventing malicious participants from making improper operations. ATOM is the most important token in Cosmos. ATOM can capture the long-term value of the growth of the Cosmos project. Hubs are forming the whole system of Cosmos, and they have different priorities.
And here are some key advantages: KCC is fully compatible with EVM and ERC20 smart contracts, so the migration cost is extremely low; a new block can be created every 3 minutes, increasing the processing speed of the whole chain and all the transactions are confirmed much faster; it applies the Proof of Staked Authority algorithm, which is more secure and efficient. The KCC ecology is still in the early stage, but there have been excellent projects.
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