Cryptocurrency Ethereum, EOS, TRON: A detailed comparison Published 4 weeks ago on January 26, 2019 By Layla Harding Share Tweet The competitions in crypto space have become very rigorous. With time, thousands of crypto coins have emerged and are improving themselves every day in order to beat other competitors. Since a lot of cryptocurrencies are there, it becomes very difficult for a new investor to decide that in which cryptocurrency he/she should invest. Since a wrong decision can lead to losing all your invested money, a well-researched decision needs to be made. In this article, we are going to have a detailed comparison between three of the most popular coins in the crypto space. The coins to be compared in this article are Ethereum, EOS, and TRON. So, let us have a detailed comparison among these three cryptocurrencies on the basis of different factors: 1. History of Ethereum, EOS, and TRON: Ethereum was firstly proposed by a programmer Vitalik Buterin at the end of 2013, but it marked its existence in the crypto space on July 30, 2015, with a huge contribution of around 3/4th of total supply in 2018. On the other hand, EOS’s foundation was proposed in 2017 and its existence in the market was released on June 1, 2018, as an open source software. Meanwhile, the foundation of TRON was laid in the month of September 2017 by Justin Sun. One year later, in June 2018, TRON released in mainnet. So, if these three are compared on the basis of history, Ethereum is the oldest one to come in the market whereas both EOS and TRON came at the same time in the market. 2. Current Position and price in the market: If we talk about Ethereum, it is second largest cap holder in the crypto space, only topped by bitcoin. The current value of one Ethereum equals to $117. The market cap of Ethereum is $12,250M and occupy around 10.57% of total crypto space. Talking about, EOS being new in the market, still, have occupied an important position in the market. The current value of one EOS values $2.65. It occupies around 1.91% of total cryptocurrencies and the market cap of EOS is $2.216M. While TRON is far behind the rest of two. Its value is $0.03 and has a market cap of $1,917M. It occupies a total share of around 1.66% of total crypto space. So, if compared, Ethereum has the best performance as compared to two others. 3. Consensus Mechanism: The Ethereum cryptocurrency focusses on decentralized applications. Or in simple words, it is more decentralized than rest of two. It aims for the democratization of the smart contract applications. Talking about EOS, it looks in the area of an easy and efficient way to trade an asset. The algorithm focusses around the delegates (usually 21 in number). These delegates take part in the confirmation of the blocks. While the third one TRON, the consensus mechanism works in a way where 21 supernodes are responsible for managing the entire corporation. The supernodes are elected by the TRX token holders. In short words, TRON aims for a blockchain embedded web interface in the future. 4. Programming Languages used: All the three mentioned coins use different programming languages for the perspective of development. For EOS, the developer needs to have adequate knowledge of C++ if they want to develop the smart application using this platform in crypto space. Nextly, if you want to develop your application using the crypto platform of TRON, you must have the knowledge of one of the famous programming language ‘Java’. Ethereum, in contrast to the others too, doesn’t use a popular programming language. So, if you want to embed Ethereum in your smart application, you will have to learn a new language ‘Solidity’ prior to use this blockchain technology. So, all the three platforms use different languages, where the newer ones use the popular programming language and the older one use a new language. 5. Competition with each other: Ethereum has been dominating the market for a very long time. But now, after the evolution of new platforms like EOS and Tron, it is facing a very large competition. All the three have their own merits as well as drawbacks. Talking about Ethereum, if it has maintained its position for such a long time in crypto space, surely it is capable of it. \EOS, on the other hand, is giving a tough competition to Ethereum. It aims to work in the same space as the Ethereum. It is relatively similar to Ethereum. EOS is cheaper and faster and does provide every facility that ethereum provides, but the difference is the better quality of EOS. TRON has its own market, unlike EOS. It has focussed on the development of decentralized web interface in the crypto space. The ambitions of TRON are too beneficial for crypto space. Although it is notable that both, EOS and TRON, started off in the market as Ethereum’s ERC-20 tokens but have changed significantly now! 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STO: Thailand set to legalize Security Token Offerings Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes Guide: How to get started with Ethereum? Brief: How do smart contracts work? Ripple Price Analysis: XRP going to fall down? 6 Comments 6 Comments Pingback: Ethereum, EOS, TRON: A detailed comparison - cryptoinsiderdesk Pingback: Ethereum, EOS, TRON: A detailed comparison – BitcoinGuide.com News Pingback: Ethereum, EOS, TRON: A detailed comparison – BTC.com.ph News Pingback: Ethereum, EOS, TRON: A detailed comparison – BitcoinInfo.com News Pingback: Ethereum, EOS, TRON: A detailed comparison – Coinnounce | Pingback: Ethereum, EOS, TRON: A detailed comparison – The Coins News Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #STO STO: Thailand set to legalize Security Token Offerings Published 5 hours ago on February 22, 2019 By Janet F. Sanchez Thailand is all set to legalize security token offerings utilizing blockchain technology with an ongoing change to the Securities and Exchange Act. Thailand to Legalize Security Token Offerings Thailand’s National Authoritative Get together has supposedly affirmed a change to the current Securities and Exchange Act on February eighth, as per the Bangkok Post. The changed act is relied upon to become effective this year as indicated by Tipsuda Thavaramara, Deputy Secretary-General at the Securities and Exchange Commission. The Director of the Corporate Communication Department at the Securities and Exchange Commission, Pariya Techamuanvivit, said that once this occurs, it will be legitimate for organizations to offer security tokens utilizing blockchain technology. She likewise laid out that the Commission will almost certainly give legitimate clearness on regardless of whether certain securities can be issued as advanced tokens. Besides, the rights and the commitments which are related with the advanced token, subject of the STO, will decide if it will be managed under the Securities and Exchange Act and the Royal Decree on Virtual Assets. The declaration holds that if a financial instrument, for example, cryptocurrencies or digital assets, fits the meaning of security, at that point it will be managed under the act. It’s important that last year Thailand set up tenets which put clear definitions for the expressions “cryptographic forms of money” and “computerized token”, thus finishing the cash versus security token discussion. Per the tenets, “digital currencies” are utilized as a mode of payment while trading products. “Digital Assets” then again, are characterized as rights to partake in speculation. Other Advancements Moreover, the changed act will likewise enable organizations to acquire licenses to work as a repository of securities and digital tokens. This was earlier permitted just for the Thailand Securities Storehouse Co Ltd. Thailand’s stock exchange (SET) is also thinking about to apply for a digital asset operating license with the Thai Financial Ministry. Whenever affirmed, SET may begin enabling its clients to exchange bitcoin and other cryptocurrencies. Continue Reading Banking Mizuho Financial Group: Giant Japanese Bank to launch its Stablecoin Published 2 days ago on February 21, 2019 By Janet F. Sanchez In the local financial newspaper of 21st Day of February 2019, Nikkei Asian Review reports that the financial group of Japanese banking Giant Mizuho will launch its stablecoin for payment and remittance services on 1st Day of March 2019. Mizuho Financial Group is a public banking company which holds the company has total assets of $1.8 trillion above. This stablecoin will be launched with the partnership of 60 peer financial institutions. It is reported that these financial institutions together have 56 million user accounts. “J-coin” Is the new currency which is being launched or introduced in the industry of digital currency and will be directly linked to the existing bank accounts with digital wallets. The currency will be managed by a mobile App which will dubb J-Coin Pay, using QR codes at checkout to complete retail payments. According to the reports, the currency will be a digital currency and a stablecoin fixed at a price of 1 yen per unit. The transfer of J-Coins wallets and bank accounts will be free of charge. Japan is already served by payment innovators such as e-commerce giant Rakuten and chat app provider Line, which has itself launched its own cryptocurrency and in-house blockchain. J-Coin wallets user will not be required to go through the credit check. These services will also be provided to the people of below 18 years of age. J-Coin wallets will also serve a more flexible range of payments and remittance services than traditional bank accounts — with options for colleagues to split bills or for family members to transfer pocket money. Even after the megabank’s broad perspective user base and 60-member alliance, its target user outreach still falls short of Line’s existing 79 million Japanese users. Line Pay, moreover, is already reportedly supported at 1.3 million stores. Mizuho is thus reportedly further pursuing a partnership strategy with Alibaba’s Alipay to help J-Coin Pay gain traction with stores. It also plans to charge merchants lower transaction fees than credit card services, which typically range between 2 to 5 percent. Continue Reading #Bitcoin Elon Musk: Cryptocurrency is the future, Paper Currency going to end. Published 3 days ago on February 20, 2019 By Nadja Eriksson Enthusiastic towards cryptocurrency also the CEO of Tesla, Elon Musk, stated that the Day is not far when the paper currency will fade away and shall be replaced by the Bitcoin. Which clearly means Musk is in favor of the decentralized currency ( also known as cryptocurrency). In one of the episodes of ‘On The Road To Full Autonomy With Elon Musk, which is hosted by Tasha Keeney, the CEO spoke and discussed the developments that Tesla shall undergo and also spoke about the cryptocurrency with regard the future of technology and finance. When Elon Musk was asked regarding Jack Dorsey’s prediction, which was that the Internet shall be witnessing Bitcoin as its native currency soon, Elon Musk answered it and found it interesting. He further said that the idea and also the structure of the Bitcoin is great and it seems like there is some advantage to Ethereum. Elon Musk is not sure whether it will be good for Tesla resources to get into cryptocurrency. Elon Musk also said that Bitcoin and Ethereum scammers were so rampant on Twitter, he decided to join in and He said at one point that he wants to buy some Bitcoin. Then his account got suspended cause obviously there was some automatic rule, he then ended the conversation by saying that he was just joking. A campaign was started by Twitter which deleted several bogus accounts for “coordinated manipulation,” and promotion of cryptocurrency scams, Elon Musk appreciated the website’s efforts. Elon Musk added that the disadvantage of cryptocurrency is that the nature of production is energy intensive as regards to the mining process. Keeney referenced to the terrible financial condition in Africa, where the restrictions on the currency stop the citizens from converting their currencies and forcing them to go through the US dollar. To which Musk replied that cryptocurrency is a far better way to transfer money or value rather than pieces of paper. Paper money is going away. Even after Elon Musk’s positive statement on cryptocurrencies, his recognition for the structure and concept of Bitcoin and Ethereum and his confirmation that paper money will be replaced by the decentralized currency, the Tesla CEO made it clear that his company will not be selling Bitcoins. Continue Reading Advertisement Advertisement Advertisement Advertisement Latest Crypto News #Exchange5 hours ago German’s Giant Derivatives Exchange to launch BTC, ETH and XRP futures. #STO5 hours ago STO: Thailand set to legalize Security Token Offerings #Scam21 hours ago Bitconnect Scam: How to receive $2.5 Billion Refund from FBI? #Bakkt22 hours ago Bakkt: How will it affect Bitcoin Price? 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