Connect with us

Cryptocurrency

Ethereum, EOS, TRON: A detailed comparison

Published

on

Let us have a detailed comparison among Ethereum, EOS, and TRON, three of the most popular cryptocurrencies on the basis of different factors.

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!

#Investment

Serena Williams: Olympic star invests in Coinbase

Published

on

Serena Williams posted about the launch of her own venture firm called Serena Ventures. The firm has invested in more than 30 companies including Coinbase.

Four-time gold medalist, Olympic star and one of the most famous tennis player, Serena Williams recently posted on Instagram about the launch of her own venture firm called Serena Ventures. She also revealed that the firm has invested in more than thirty companies that include the Coinbase.

 

 

Serena Williams: Serena Ventures

The website of the venture firm reveals that the market capitalization of the list of financial assets held by the firm amounts to more than $12 billion and the diversity of the owners of the different firms that Serena Ventures has invested is around 60 percent. Serena Ventures especially focuses on companies that are still in the early stage and persuades partnership between the portfolio firms.

 

Serena Williams is a four-time gold medalist at the world Olympics and is ranked no.1 in singles according to the Women Tennis Association. The net worth of the Olympic star amounts to more than $180 million according to TheStreet.

Continue Reading

#Lending

New assets management dimension: VIP services for big crypto investors

Published

on

Top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

Some great news today for all crypto-holders and investors: top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

 

MoneyToken’s VIP clients gain exclusive access to their own Personal Manager who will provide them with a 24/7 high-quality service and access to a list of benefits not found anywhere in the crypto lending world.

 

This service has been specifically created to cater to busy asset holders that don’t have time to constantly manage their assets alone. If the client is busy or doesn’t have time to effectively manage his/her assets, managers will take all asset management issues, saving your time and efforts.

 

With this, MoneyToken becomes the only crypto lending platform that offers a VIP level of customer service, at a global scale.

 

Presenting a whole new level of client service to the crypto lending market, MoneyToken makes VIP service free of charge for those clients, whose assets exceed $50,000 and making it more than affordable for smaller assets with $300 monthly fee.

 

Through the MoneyToken VIP Service, clients gain access to the following list of exclusive features:

 

 

Lending services

 

With access through your VIP account to MoneyToken lending services, you can borrow credit funds using your crypto assets as collateral.

Or you can safely and securely lend your assets through MoneyToken and receive daily interest revenue by getting your investments to work for you.

 

 

Crypto assets and collateral trading

 

This is a pure crypto lending innovation: with full control over your assets, you are able to make collateral trading and account operations with the help of your Personal Manager at any time and from any location.

 

 

Short selling

 

For experienced traders who hold a VIP account with MoneyToken, use short selling to earn money on the volatile cryptocurrency market: if you foresee rises and falls in the market, you can consult your Personal Manager and look for ways to benefit from upcoming potential price changes.

 

 

Hedging

 

Hedging is a series of complex actions implemented by experienced traders and investors to lower the risks on their investments. You can convert your assets to fiat or stablecoins to protect them from sudden price falls. This includes futures, short selling, and perpetual swaps – all of which can be effectively implemented with the assistance of your Personal Manager.

 

 

Private token sales

 

All VIP clients get immediate access to closed private token sales; it gives clients the ability to make smart investment decisions and benefit for the significant discounts that private sales can offer.

 

 

OTC services

 

A great option for VIP clients to quickly convert their crypto-assets into fiat currency with no additional hassle, fees or transaction limits.

 

Focus on what you need and leave your day-to-day asset management to the experts in the MoneyToken VIP Customer Service Team.

 

27/4 Portfolio Access

MoneyToken VIP clients have access to their personal portfolio anytime from any location and on any device, with individual 24/7 assistance by contacting your Personal Manager via phone call, email or Telegram.

 

B2B & B2C Management

For major crypto-asset organizations, MoneyToken offers the perfect B2B levels of client service. Large asset holders require an individual approach that meets various business demands and that provides fast, professional assistance.

 

At the same time, the MoneyToken VIP Customer Service account works for the individual asset holder, meeting your individual demands; you can take a vacation or throw yourself into your work, leaving asset management tasks to our VIP Customer Service Team to complete on your behalf.

 

A VIP-level of Customer Service for serious asset holders and a new experience in the cryptocurrency. For more information, go to MoneyToken website.

Continue Reading

#Exchange

Japan to establish new regulations for cold wallets of crypto exchanges

Published

on

The Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets of cryptocurrency exchanges.

As reported by Reuters, the Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets for the storage of cryptocurrencies for cryptocurrency exchanges.

 

According to the report, the financial regulator of Japan is going to need a more strict internal supervision of the cold storage wallets (offline wallets) within the crypto exchanges.

 

The Financial Services Agency of Japan is going to mark the issues of protecting the security of the cryptocurrencies and other endangers to the country by establishing new regulations since the agency wants to uplift the fintech industry in order to encourage the economical growth.

 

Even though the cold storage wallets are in offline mode (not connected to the internet) and are considered a lot safer than the online wallets, Japan’s Financial Services Agency is considering the internal thefts within the organization itself. Currently, a lot of cryptocurrency exchanges do not have a procedure of rotating the individual responsible for the cold storage wallets.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.