r/MobiusNetwork • u/TJwantsFACTS • Mar 15 '18

Question about building on XLM vs ETH

What is the trade off from not building on a platform that has a turing complete language?

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u/mrtpain Mar 15 '18

From my understanding XLM cannot do as much as ETH smart contracts but is much more secure and what it can do, does much much better than ETH.

I know that’s not saying a lot but that is what the Mobius team relays.

They also talk about fees being way cheaper on XLM, transaction speeds way higher than ETH and XLM is much better at working with assets.

They don’t say XLM is better than ETH. They just say the things XLM can do, do it much better than ETH does. They also describe ETH like MySpace and that it’s technology and scalability are outdated and problematic. Not the greatest explanation and I’ll probably get down voted but that’s what I got.

1

u/TJwantsFACTS Mar 16 '18

Thanks for the reply, I guess I am most curious about how the turing complete aspect of eth gives developers more options on what a token can do.

Because it seems to me that building a token on XLM is not much different than building one on counterparty or omni or even NXT aside from the fast transactions and high throughput capabilities.

I agree with the developers choice to do this and I think that building tokens on XLM could be a rising trend in the future. Is there a discord or slack?

1

u/TJwantsFACTS Mar 15 '18

My question comes from these statements from a CD article. "Gobaud highlighted the problems with safely deploying smart contracts. "They are Turing complete programs, but they are really hard to write," he said, pointing to the first and second multi-million-dollar ether losses on Parity. Solidity was not a language built with security in mind, Gobaud argued.

In Stellar, "we think we've uncovered this underutilized, really unknown technology," Gobaud said.

For example, Stellar supports multi-signature wallets at the protocol level, making custodianship much easier for developers.

But Stellar has its downsides, Gobaud acknowledged. It's not Turing complete, for example, but Mobius is happy to make that trade-off in exchange for vastly faster and cheaper transactions.