The active developer count is also measured per month so it is more reliable as a long term metric on the health of the network’s community and ecosystem. In EOS, the equivalent of nodes would be block producers, and though there can only be 21 active or selected block producers at a time, they have many others on standby. The total number of active block producers and those on standby comes to 481. Because of biases and different points of view, the three blockchain networks should only be compared via numbers because they are, at least somewhat, objective. EOS doesn’t have nearly as many Dapps created, so speeds can remain high while prices remain cheap.
EOS is an Ethereum-based cryptocurrency that later floated to its own protocol after launching on the blockchain. EOS requires less coding than Ethereum, is easier to learn how to use and navigate, and provides more base features. These are crucial because most people do not have the technical knowledge required to create an Ethereum smart contract. Larimer claims that one day, EOS will handle millions of transactions per second (TPS). Ethereum developers designed the platform’s contract-oriented language, Solidity. EOS smart contracts are usually in C++, but developers can use any programming language that has a compiler that converts its bytecode to web assembly.
Ethereum 2.0 – Solving Scalability and Other Issues?
The Ethereum blockchain network and cryptocurrency offer a wide range of utility and service values to a network of cryptocurrency users and developers. The EOS blockchain ecosystem is actively backed and powered by a community of users and developers dedicated to building and scaling its growth and innovations. Its ecosystem network features and leverages a decentralized, open-source, blockchain platform with smart contract deployment capabilities like Ethereum. EOS blockchain network claims to process and handle 10,000 transactions every second, meaning a new block is created in less than a second. Block.one, a company led by Dan Larimer of BitShares and Steem fame, created EOS and holds ten percent of the total supply of tokens. To the surprise of some community members, Block.one staked those tokens and has participated in the Block Producer elections.
- Talking in terms of scalability, both blockchains have challenges which need to be addressed.
- EOS blockchain network protocol is popular for its high efficiencies and scalable solutions it offers to users and developers utilizing its platform.
- Simply put, EOS compromises its decentralization to achieve higher speeds.
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EOS vs ETH as separate blockchain networks utilized for the day-to-day running and deployments of smart contracts and decentralized applications, both feature utility native tokens. Its fast and fee-less transactions and efficient smart contracts pave the way for the develop-friendly blockchain to seamlessly facilitate secure, rapid, and cost-effective interactions across the globe. While the coin might have good long-term price potential, all crypto is a risky investment, and profits are not guaranteed, whether you choose to trade or HODL. EOS and Ethereum blockchain networks are different in terms of programming languages that are accepted for writing codes and deploying smart contracts and decentralized applications.
Understanding Blockchain
Ethereum is also known as the Second Generation of Blockchain Technology. With a growing number of cryptocurrencies entering the blockchain world, EOS is one such cryptocurrency that is actively challenging the Ethereum blockchain’s capabilities. Ethereum needs no introduction in the cryptocurrency community as it’s the closest rival to Bitcoin, and the platform was the first to offer smart contracts. Ethereum and its token have gained wide acceptance and has increased in popularity over the years due to this unique feature. Ethereum is an open blockchain platform that allows developers to build and execute Smart Contract on Blockchain.
Remember to download Tezro app to keep your EOS and Ethereum assets safe. The performance of the Ethereum blockchain is significantly different from that of EOS. The network recently shifted from proof-of-work (PoW) consensus to proof-of-stake (PoS) consensus, making it more efficient in terms of scalability. C++, on the other hand, is a more robust language, offering more control and stability. It’s based on established programming principles, making it less prone to errors. This makes it a better choice for developers looking to build more secure applications.
Ethereum (ETH)
Now EOS is one of the most popular coins to invest in; a coin that you should be watching closely. This is one of the primary features the founders believe is vital https://www.tokenexus.com/is-eos-better-than-ethereum-or-not/ to create a fair system. They claim that has led EOS to be more decentralised than Bitcoin and Ethereum as are more places where EOS coins are created.
In fact, it seems as if 14 dAPPS serviced more than 1,600 users on the EOS blockchain implying that overall dAPP usage is much higher than on Ethereum. Centralization creates the opportunity for more powerful network members to bend the blockchain to their will and act against the best interests of the community. In Ethereum’s case, the most pertinent example comes in the form of the Constantinople update.