Cryptocurrency EOS will defeat Ethereum, Solid Reasons. Published 6 months ago on September 16, 2018 By Nadja Eriksson Share Tweet EOS EOS is a blockchain protocol by the cryptocurrency EOS. This protocol emulates most of the attributes of a real computer including hardware as well for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. It operates as a smart contract platform similar to Ethereum and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. Technical specialty The aim of this EOS platform is to provide decentralized application hosting, smart contract capabilities and decentralized storage of enterprise solutions that will resolve the scalability issues of blockchain like Bitcoin and Ethereum, are also eliminating all fees for users. EOS token provides users both bandwidth and storage on the blockchain, the proportion to the total stake [owning 1% of EOS tokens allows for use of up to 1% of the total available bandwidth]. EOS also allows the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner’s stake. EOS VS Ethereum The EOS community will be launching it when the clock hits 6 pm EST on Saturday, June 2nd. EOS is an intriguing point in time for the blockchain community, during which Ethereum will be faced with its first legitimate competitor in the space. After the announcement of launching EOS, the smart contract war has begun. This war is sounding similar in early days of the internet where Mac and Windows ultimately won- it was unlikely there will be a defined winner in the end, and it’s likely that there will be a few dominant platforms that offer fundamentally different themselves from one another. While comparing EOS vs Ethereum it is found that, Ethereum uses a proof of work called PW, consensus model and has first mover advantage in the smart contract and decentralized app(Dapp) platform space. This projected value the second highest valued blockchain project right now and it criticized for its high transaction costs. As the blockchain industry facing a huge problem because Ethereum has not yet allowed their developers to build consumer grade applications at that scale. The biggest actors in the public blockchain space right now are speculators, miners, and crooks which are zero or negative sum activities. Ethereum main use case is supposed to be supporting applications, but only less than 10% of the total transactions on the network are coming from the 100 applications built on Ethereum and the other 90% of transactions are coming from ICOs and payments. In comparison of EOS vs Ethereum you can see that, EOS is launching high profile dApps that are building on their platforms, like Everipedia. It is expected that mainnet will be able to handle between 1000-6,000 transactions per second shortly after launch, and the software has made economic performance tradeoffs that acknowledge the actual fact about every single transaction in a global scale dApp is being validated by a large network of computers at around the globe is unnecessary and this is unrealistic- for your average consumer cares to more about performance than they do sovereign censorship resistance. Block one, the company who launches EOS is not going to launch mainnet, but only the open source software system. There is a minimum adoption threshold to release this built-in software in the protocol level, and Dan Larimer, Block one’s CTO, has silently announced that they will use their voting shares (which is 10% of the total of EOS tokens) to ensure the launch goes as intended if needed. Though Ethereum has plans to innovate further to become more scalable, including plasma, sharding and switching to a proof of stake protocol, which is all intriguing options. If, however, Ethereum is unable to accomplish their goals, I can conclude on the basis of shared facts that EOS will become the dominant smart contract platform because of following reasons; scalability, Fee-less economic model, Team, User experience, Governance, Token Model, and storage. EOS = 600 transaction per second Ethereum = 15 transactions per second. Ethereum Dapps and EOS Dapps Ethereum Dapps Dapps mean decentralized application protocol which is run by many users on a decentralized network with trustless protocols. Ethereum DApps designed to avoid any failure. They typically have tokens to reward users for providing computing power. Ethereum is the king of smart contracts and Dapps. There are various Best DApps on Ethereum Ethlance- like Upwork, a marketplace for jobs. Cryptokitties – a new game app that gives its users access to digital cats which they can buy, sell or breed. Aragon uPort Gnosis Prism Radex IDEX Golem EOS DApps [Decentralized Applications] EOS is also have DApps which are given below AWOO AZARUS Billionaire Token Cards & Token Carmel Chaince Chintai DEOS Games Emanates and others. Recent Ethereum downfall According to a professor of stern school and well-known economist –Nouriel Roubini, the drastic decline in the price of Ethereum (ETH) is due to the fact that the blockchain project lacks active Dapps (Decentralized applications) Professor Roubini also mentions that Ethereum is collapsing because its 75% of decentralized applications are scammy Ponzi schemes, Cryptokitties, and Casino games. The rest 25% are decentralized exchanges that no one uses as 99 percent of transactions are carried out on centralized exchanges. So, by adding that 99% of digital currencies have lost 99% of their values. Related Topics:BlockchaincryptocurrencyEOSeos blockchaineos dappseos forecasteos futureeos vs ethereumEthereumEthereum BlockchainEthereum DappsETHEREUM FUTUREetheruem forecast Up Next John Mcafee: Trust only Decentralized Exchanges Don't Miss Bitcoin Bull Tim Draper says 1 BTC will be worth 2 Million or more Continue Reading Advertisement You may like Cryptocurrency Price Analysis: Great Week for the top 10 Ripple Price Analysis: XRP going to fall or rise? Bitcoin Price to $4500 soon? BTC Price Analysis Tom Lee: Bitcoin Bull Market Coming Soon Alert: Bitcoin Breaks Record, Highest Hash Rate Since November 2018. Six Banks to launch Stablecoins with IBM: Bull Market Coming? 5 Comments 5 Comments Pingback: EOS will defeat Ethereum, Solid Reasons. – The Coinage Times Pingback: EOS will defeat Ethereum, Solid Reasons. | Virtual Money News Pingback: Vitalik Buterin is quitting Ethereum: Get ready for an ETH crisis – Btc Bitcoin News Pingback: Vitalik Buterin is quitting Ethereum: Get ready for an ETH crisis - Coin Latest News Pingback: Vitalik Buterin is quitting Ethereum: Get ready for an ETH crisis – Crypto Prices News Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Cryptocurrency Price Analysis: Great Week for the top 10 Published 1 hour ago on March 21, 2019 By Layla Harding The current week has proved to be quite amazing for the cryptocurrency market as all major coins are holding green. The total cryptocurrency market rose by around $1.5 billion yesterday night with the price of bitcoin reaching $4100. Bitcoin: BTC/USD Weekly Price Chart Bitcoin broke the $4000 resistance level on 17th March and has been over this range since then. Bitcoin has turned the previous resistance into strong support now and has moved upwards slowly currently trading around $4120 (according to Bitfinex chart) with around 1% increase in the last 24 hours. If bitcoin is able to maintain its position above $4100 range for long, it might soon move ahead towards the major long term resistances such as $4500 and $4600. Altcoins: ETH/USD Weekly Chart Ethereum also saw a nice bullish momentum this week after reaching the highest point of $143. Currently, Ethereum is trading nicely around $140 and is experiencing a few dips while trying to move upwards. Unlike other top 10 coins, Ripple market is experiencing volatility from the last week but the momentum is still quite bullish. LTCUSD Weekly Chart Litecoin has been following trends and is steadily trading around $60 from the start of the week. Litecoin has increased more than 1.67% in the last 24 hours which makes it the best performing crypto of the day (in comparison with the top 10 cryptos according to market capitalization). LTC is currently trading around $61 (according to Bitfinex chart). The overall cryptocurrency market is in a bullish momentum with sings of further gains. After a long bearish trend, cryptocurrency analysts are now believing that the bull market might be coming soon. Continue Reading Adoption The Amazon of Switzerland: Digitec Galaxus now accepts Bitcoin. Published 2 days ago on March 19, 2019 By Janet F. Sanchez The biggest online retailer of Switzerland, Digitec Galaxus which is also known as the ‘Amazon of Switzerland’ has now started to accept bitcoin along with other cryptos as a method of payment. Digitec Galaxus accepting cryptocurrency payments: According to Digitec Galaxus, they were willing to integrate cryptocurrency payments on their platform for a long time. The users will now be able to make their payments using Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ripple, Binance Coin, Litecoin, Tron, OmiseGo and NEO. According to the Co-Founder Digitec Galaxus, Oliver Herren, Cryptocurrencies such as bitcoin are captivating and could very soon be an important method of payment for all ecommerce stores and they are happy to support it. He also said that people will pay using cryptocurrencies because the ones who own them are willing to use them somewhere, some are not being able to convert them into fiat currency because of banking regulations and others would just like to try latest things. Digitec Galaxus also admitted that by integrating cryptocurrency payments, the company is going to showcase itself as a progressive brand. Partnership with Coinify: Digitec Galaxus has partnered with a third-party cryptocurrency payment processing company, Coinify. All the payments accepted through cryptocurrencies shall be instantly converted into fiat currency i.e. Swiss Franc. This would ensure that the cryptocurrency market volatility does not create an issue for the company. Cryptocurrency payment method will be available only for Switzerland based users for now, although, the company plans to integrate the same soon for the users in Germany as well. Continue Reading Banking Six Banks to launch Stablecoins with IBM: Bull Market Coming? Published 2 days ago on March 19, 2019 By Janet F. Sanchez IBM, the American multinational information technology giant announced on yesterday (18th March 2019) that it has signed letters of intent with 6 large banking institutions to launch their own stablecoins which will be backed by fiat currencies and issued on Stellar blockchain. Large banks launching stablecoins: According to IBM, the partnership will allow these banks to operate international transfers faster and cheaper than the current banking system. Out of the six banks, three have been publically named which are RCBC based in the Philippines, Banco Bradesco based in Brazil and Bank Busan based in South Korea. The other banks shall be announced soon. The network was launched yesterday, however, the banking institutions are still waiting for regulations. Currently, one stablecoins run on the IBM World Wire which is backed by the US dollar and launched by a San Francisco startup called Stronghold. According to Jesse Lund, the head of blockchain for IBM, they are initiating with the markets that arre based outside of the United States, however, they plan to focus on adding the United States as an operational endpoint within the current year. The IBM World Wire has payment locations in seventy-two nations with forty-eight currencies and forty-six banks and money transmitters. Impact on XLM: The network shall also open up possibilities of the banking institutions using Stellar Lumens or XLM. XLM acts as a bridge between different fiat currencies in cases where the trading of different fiats becomes difficult. Jesse Lund also added that the World Wire network could start supporting other cryptocurrencies in future, however, it currently supports just Stellar Lumes due to the volatility in the cryptocurrency market. Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin1 hour ago Cryptocurrency Price Analysis: Great Week for the top 10 #Ripple Price Analysis4 hours ago Ripple Price Analysis: XRP going to fall or rise? #Bitcoin Price Analysis23 hours ago Bitcoin Price to $4500 soon? 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