Yggdrasil VS Splitwise

• Decentralized Network
  Yggdrasil offers a decentralized networking system, which means there is no central point of failure. This enhances the network's resilience and uptime.
• End-to-End Encryption
  The network automatically encrypts all traffic between nodes, ensuring data privacy and security throughout the network.
• Scalability
  Yggdrasil's architecture is designed to scale efficiently, so it can handle a large number of nodes without significant performance degradation.
• Global Connectivity
  Nodes can connect from anywhere in the world, making it easy to set up a global network without geographical restrictions.
• Open Source
  Being open source provides transparency and allows the community to contribute to the project, improving its robustness and feature set over time.

Possible disadvantages

• Complex Setup
  Initial configuration and setup can be complex, especially for users who are not well-versed in networking technologies.
• Resource Intensive
  The protocol can consume significant system resources, which might be a concern for users with limited hardware capabilities.
• Limited User Base
  As a relatively niche project, the user base is smaller compared to more established networks, which can limit community support and peer nodes availability.
• Latency
  Due to its mesh architecture, the network might introduce additional latency, especially as the distance between nodes increases.
• Debugging and Diagnostics
  Troubleshooting issues on a decentralized and encrypted network can be more challenging compared to traditional, centralized networks.

• User-Friendly Interface
  Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
• Multi-Platform Availability
  Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
• Expense Tracking
  The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
• Flexible Split Options
  Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
• Currency Conversion
  Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
• Bill Reminders
  The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
• Integration with Payment Platforms
  Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages

• Privacy Concerns
  Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
• Subscription-Based Features
  Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
• Manual Entry Requirement
  Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
• Limited Automatic Reconciliation
  While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
• Dependency on Group Honesty
  The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
• Potential for Confusion
  The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

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Tracking Splitwise since Mar 2021.