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RE: Thoughts on Potential EOS Flippening of Ethereum?

in #cryptocurrency7 years ago

Eos has no Gas, unlike ethereum. This may not sound like such a big deal, but it actually is. The reason cryptos are only expanding at the pace they're expanding at even though people are getting shocking, life-changing returns in them is because it takes time. You really need someone to show you the ropes of how to store your coins, and the do and do-nots of the crypto space and security is perhaps the single greatest concern in the crypto world. Steem solves this with steem power and a time delay, which is crucial.
Steemit has the ability to go mainstream, because the genius Larimer made Graphene, which is able to handle this many transactions per second. EOS will build Dapps (Decentralized Apps) that will all be able to have the same setup as steem.

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I am glad you brought this up. Steem is the most powerful blockchain in the world for the last year. Currently at nearly 2 million transactions per day. EOS is built on same tech dpos but with different purpose. Personally, ETH is my biggest most successful bet since 2016 when the prices were low but EOS will rival it then same way Apple and Mircosoft were direct competitors. The problem with Ethereum is its not scaling fast enough of the moment Vatilik announces the hard fork date for Casper ETH will moon.

EOS will scale to 100,000's of tps right away and have special developer tools to make user friendly. Sure ETH has the network effects (first mover) but I expect EOS to gain market share against ETH this year. Already dozens of legit dapps are building on EOS. I also expect Bitcoin market share to keep eroding into more superior alt coins. Lightening Network is over-hyped and over-rated product.

EOS is way more powerful than STEEM as it can execute transactions in parallel. STEEM can execute up to 180.000 transactions per second, which is huge, but EOS can do multiples of that running paralel executions.