Well, that’s a difficult question as we do not aim to offer a ‘competition’ to any of the ventures. Our primary motive is to facilitate the entire crypto community and offer them the same extent of features as it was promised at the time of Bitcoin’s launch in 2009. However, it is pretty understandable as to why many readers would want to have a comparison in order to make an informed decision.

Please note that in this article, the aim is not to degrade a particular token or crypto project. In fact, we will present an array of shortcomings as experienced by most of the tokens in mainstream networks and then discuss Tarush’s alternate in that regard.

Enhanced privacy

In the modern economy, particularly after the launch of the first cryptocurrency in 2009, the realization and need for financial privacy have increased. Here, it is very important to realize that privacy and security are interlinked concepts, but they are NOT the same.

If you are reading such an article for the first time, please remember that ‘privacy’ in any financial activity refers to safeguarding and hiding the personal information of the user, let it be the credit card detail, billing address, crypto wallet address, or anything else for that matter.

Basically, every existing blockchain protocol, especially the ones dealing with cryptocurrencies, record sender’s and receiver’s information together with the amount being transferred in any given transaction. Although it does not allow anyone to guess the real person behind any wallet in seconds, tech geeks can easily use this publicly available information to track the wallet activity and hence, determine the spending habits of anyone on the network. In the long run, this could be disastrous for users seeking privacy.

To start with, Tarush uses MimbleWimble protocol to ensure that none of the transactions carries the following information:

Sender’s details Receiver’s details Amount being transferred

Boosted security

In 2018, several exchanges and crypto ventures suffered from hacks and other cybersecurity events and collectively, the loss was well over a billion dollars. At the beginning of 2018, the industry was worth about $820 billion and towards the end of the same year, the market dropped to roughly $140 billion. Considering the sharp decline, if another billion was lost due to hacks, some basic technologies and approaches must be changed if we want crypto to survive.

Before I explain how Tarush offers a sheer security level, it is important for you to recall (as mentioned above) that privacy and security are two different, yet dependent factors. Let’s dive in to understand now…

Unlike mainstream crypto networks where transactions details are literally ‘announced’ across the nodes and everyone knows critical details in any transaction, MimbleWimble takes a different approach. It opens up a secure and private P2P channel before two involved parties conduct a transaction and both of them are required to solve mathematical puzzles in order to validate a transaction base on the following information:

Private keys of both wallets Amount The hash value derived after solving the mathematical problem

Moreover, Tarush also follows a PoW consensus and hence, diminishes the likelihood of dense yet centralized mining pools.

Increased efficiency

One of the main reasons as to why users prefer crypto over fiat is the speed of transaction, more formally referred to as ‘efficiency’. However, in the last year, mainstream crypto networks have seen overcrowding and hence, the throughput is severely affected. This is mainly because of network congestion that resulted after mainstream currencies hit their all-time high towards the end of 2017.

Whatever be the reason, the TPS rate is greatly affected and there is no point in pursuing crypto for efficiency if the situation prolongs. For instance, some traditional digital payment processors are facilitating about 200–20,000 transactions per second, but the BTC network is only able to allow 4–5 TPS. They are off by huge numbers!

Contrary to this, Tarush’s protocol allows users to enjoy roughly 100,000 transactions per second. We are not only taking a lead in the crypto sphere but offsetting the traditional digital payment processors and gateways as well. Therefore, you have got a big reason to choose us!

Tron’s smart contracts

While building a crypto venture, or any blockchain project for that matter, it is crucial to take technical factors into account before coding the smart contracts. Unfortunately, most of the budding ventures ignore this and in the long run, face serious issues pertaining to privacy, security, and scalability. After all, smart contracts are equivalent to written agreements in the real World and hence, form the backbone or rather ‘logic’ of the entire network.

Tarush is utilizing Tron’s technology to implement the smart contracts and it brings a sheer level of efficiency, together with security and decentralization. If you have any doubts about the reputation, please note that TRX happens to be among top 10 crypto tokens and that is more than enough to vote up its reliability.

The motivation behind using TRX’s smart contract platform is because it allows an ultimate level of decentralization, as unavailable in most of the technologies. We are targeting the community with an aim to make it even more authoritative as a whole, rather than appointing a CEO, CFO, CTO, and other management staff. Therefore, it is important to utilize the potential of a platform that allows individual developers to code their smart contracts, without being an employee of any organization, let it be Tarush, Ethereum Foundation or any other.

Minimum fee

Since different networks are congested and throughput is also diminished, it ultimately results in a price increase. Of course, it is still way less than what banks charge you for transactions.

For instance, if you send BTCs equivalent to $25, you have to pay roughly $0.5 as the transaction fee. Previously, when Bitcoin was launched, it was practically negligible. Tarush is trying to bring back the initial transaction rate to ensure that user experience and feasibility are enhanced. Contrary to the fee mentioned above, we would only charge $0.001 for the same amount.