Different types of blockchain.

On the topic of the choosing a suitable blockchain, today we will discuss a few solutions that are popular today.

Etherium is currently the leader among public blockchains that support smart contracts. However, it does have several limitations: a low capacity (of around 17 transactions per second) and high cost per transaction.

The NEO platform was designed to solve these issues, however, the GAS costs are high, and each procedure to add functions onto the contract require these costs, which can significantly slow the platform’s development, especially at the beginning stages.

Qtum unites the benefits of Bitcoin (UTXO) and Ethereum (EVM). Its capacity is significantly higher than that of Ethereum, but transaction costs remain high.

Thus, none of the blockchain solutions discussed above are suitable for achieving WULET’s goals.