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It does use silver ions. I don't think you would be able to notice the difference between the two, and in most places I think you will find that the N2 is a little bit less expensive.
The frog is silver only.Nature2 is copper and silver.Copper is good at killing algea, silver can kill bacteria but has a slow kill time
It's very close. One advantage of SpaFrog is that it will work with bromine and dichlor(chlorine). Nature 2 only works with dichlor.