Competition

While ARTIS ∑1 was a blockchain system like many, the ARTIS ∑2 is targeting the needs of the energy and mobility market much more specifically.

ARTIS ∑2 is built to serve the IoT market exceptionally well and therefore it can be compared to Energy Web Chain and IOTA.

Simplified Comparison: ARTIS ∑2 | Energy Web Chain | IOTA
Light
Advanced
Light

Market and Organization

ARTIS ∑2

Energy Web Chain

IOTA

Market Cap (March 6, 2021)

Gnosis Auction April 11, 2021

(for 1 month)

$513 million

$3.69 billion

Total Token Supply

300,000,000 ATS

100,000,000 EWT

2,779,530,283,277,761 MIOTA

Validators

Permissionless

Permissioned

Central Controller

Funding

ARTIS DAO

Energy Web Foundation

IOTA Foundation

Governance

Decentralized

Centralized

Centralized

General Info

ARTIS ∑2

Energy Web Chain

IOTA

Chain Type

Ethereum Sidechain

Consortium Chain

DAG

Smart Contracts

Yes

Yes

No

DeFi Infrastructure

Yes

No activity

Not possible

Sovereign Identity

Yes

No

No

Performance

ARTIS ∑2

Energy Web Chain

IOTA

Block Time

1-2 sec.

5 sec.

1-5 min. upload

TPS Capacity

450

135

50

Transaction Finality

1-2 sec.

1 min.

80% after 10 min.

Streaming Money

Yes

Not available

Not possible

Cost

ARTIS ∑2

Energy Web Chain

IOTA

Transaction Fees

No or very low

Very low

Low

Stable Tx Fees

Yes

No

No

Token System & Interoperability

Token Structure

Dual token (sEUR | ATS)

Single Token (EWT)

Single Token (MIOTA)

ERC20 tokens

Yes

Yes

No

Interoperability

Coin & Token Bridges

Coin Bridge

No

Staking

Yes

No

No

Other Distinctive Properties

ARTIS ∑2

Energy Web Chain

IOTA

Protocol Randomness

Yes

Not available

Not available

Censorship Resistant

Yes

No

No

Advanced

Market and Organization

ARTIS ∑2

Energy Web Chain

IOTA

Market Cap (Feb. 15, 2021)

EasyAuction March 26, 2021

$430 million

$3.7 billion

Mainnet Launch

Q3/2021 (plan)

July 2019

July 2016

Total Token Supply

300,000,000 ATS

100,000,000 EWT

2,779,530,283,277,761 MIOTA

Circulating Supply (Feb. 15, 2021)

ca. 90,000,000 ATS (initially planned)

33,034,323 EWT

2,779,530,283,277,761 MIOTA

Validators

Permissionless

Permissioned

Central Controller

Funding

ARTIS DAO

Energy Web Foundation

IOTA Foundation

Governance

Decentralized via gATS Token (planned)

Centralized

Centralized

General Info

ARTIS ∑2

Energy Web Chain

IOTA

Chain Type

Ethereum Sidechain

Consortium Chain

DAG (called Tangle)

Consensus

HBBFT (more details)

AuRa

Random Walk Monte Carlo + Central Controller

Network Synchrony

Asynchronous

Synchronous / Asynchronous

Centralized (see shutdown for 12 days [2])

Keys Reusable

Yes

Yes

No

Smart Contracts

Yes

Yes

No

DeFi Infrastructure

Yes

No activity

Not possible

Spam Protection

Tx Fees

Tx Fees

Proof-of-Work

IP Address needed for

Validators

Validators

every Edge Device

Sovereign Identity

Yes

No (using Kilt)

No

Performance

ARTIS ∑2

Energy Web Chain

IOTA

Send Transaction

instant

instant

1-5 min. (upload time, PoW on device)

Block Time

1-2 sec.

5 sec.

-

TPS Capacity

450 (reported)

135 (estimated)

50 (estimated)

1000 (reported) [1]

Transaction Finality

1-2 sec.

1 min.

ca. 80% after 10 min. (link)

Streaming Money

Within the protocol

Not available

Not possible

Actual Load (Feb. 15, 2021)

-

ca. 1 TPS

ca. 7 TPS

Explorer

-

Link

Link

Cost

ARTIS ∑2

Energy Web Chain

IOTA

Transaction Fees

€0 (20% of block gas limit)

€0.0002 (Rest)

€2.1*10^-13

€0.0013 [3]

Stable Tx Fees

Yes

No

No

Edge Device Cost

Very low

Very low

Medium

Validator Cost

Medium

Medium

Medium

Token System & Interoperability

Token Structure

Dual token (sEUR | ATS)

Single Token (EWT)

Single Token (MIOTA)

Other tokens possible

Yes

Yes

Colored Coins (planned)

Interoperability

TokenBridges + OmniBridges

TokenBridge

No

Staking

Public dPoS (POSDAO)

No

No

Staking Token

ATS

No

No

Other Distinctive Properties

ARTIS ∑2

Energy Web Chain

IOTA

Metatransactions

Yes

Yes

No

Protocol Randomness

Yes

Not available

Not available

Compatibility with Ethereum

100%

100%

No

Censorship Resistant

Yes

No

No (Centralized)

Miner Extractable Value (DeFi)

unlikely / impossible

possible

No, DeFi not possible

[1] https://cointelegraph.com/news/who-scales-it-best-inside-blockchains-ongoing-transactions-per-second-race

[2] https://www.coindesk.com/iota-being-shut-off-is-the-latest-chapter-in-an-absurdist-history

[3] https://www.reddit.com/r/Iota/comments/8y831e/iota_costs_000166_in_electrical_fees_to_submit_a/