Key architectural differences between GCUL and Bitcoin and Ethereum are as follows:
- Network Architecture:
- GCUL is a private, permissioned network where participants are verified financial organizations, whereas Bitcoin and Ethereum are public, open networks accessible to everyone.
- GCUL is built as a neutral infrastructure within Google Cloud with centralized access control, while public blockchains are decentralized and governed by a distributed community.
- Consensus and Performance:
- GCUL is optimized for high throughput and scalability (up to 10,000 transactions per second), significantly higher than Bitcoin (~7 TPS) and Ethereum (~15-30 TPS), enabling fast payments and settlements.
- GCUL uses a managed consensus approach that ensures stability and predictability of network fees, unlike Bitcoin’s mining or Ethereum’s Proof of Stake mechanism.
- Smart Contracts and Programmability:
- GCUL supports smart contracts in Python, a language popular among financial engineers, making development and integration easier.
- Ethereum uses its own Solidity language, while Bitcoin supports a limited scripting language.
- Regulatory Compliance:
- GCUL implements a mandatory KYC process (participant verification), making the platform compliant with stringent financial regulations.
- Public blockchains are anonymous or pseudonymous and do not require participant verification.
- Cost and Fee Stability:
- Transaction costs in GCUL are stable and transparent to participants, which is important for financial institutions.
- In public networks, fees depend on network load and can fluctuate significantly.
Thus, architecturally, GCUL is aimed at corporate and financial markets with priorities on security, performance, regulation, and ease of integration, unlike the more decentralized and open networks of Bitcoin and Ethereum.
Additional summary:
- GCUL is a private, permissioned network with access control and verified financial participants requiring KYC. Bitcoin and Ethereum are public and open to all.
- GCUL is optimized for high throughput (up to 10,000 TPS) and stable fees, unlike slower and variable fee Bitcoin (~7 TPS) and Ethereum (~15-30 TPS).
- GCUL supports Python-based smart contracts favored in finance, whereas Ethereum uses Solidity and Bitcoin has a limited scripting language.
- GCUL is positioned as a neutral Google Cloud infrastructure for financial institutions with centralized control and regulatory compliance; public blockchains are decentralized and pseudonymous.
- GCUL transaction costs are stable and transparent, unlike fluctuating fees on public blockchains.
Therefore, GCUL is oriented towards corporate and financial markets prioritizing security, scalability, and regulatory compliance, unlike Bitcoin and Ethereum.