Did you see this on Twitter? OmiseGo (aka OMG) says it can process at least 1 Million tx/sec. This is on par (or better) than what EOS claims.
https://mobile.twitter.com/JUN_Omise/status/919595778632323074
Does this make ETH a real competitor to EOS? Is EOS unnecessary now? Will the network effect of ETH be too much to overcome if this is true?
Leave your thoughts in the comments!
When I see that. I see that they are going to take a year or two to come out. Since Ethereum won't be able to do that for at least another year. EOS will be out already by then, and they will have 1 billion dollars worth of ethereum in a war chest. Then they will go to war, while Ethereum tries to upgrade without a coin split. All this time Omisego will just be trying to build everything and be ready for Ethereum to upgrade to plasma. Or am I wrong?
i agree with you. I think EOS, being designed from the ground up to process so many transactions/sec, will be a real competitor to ETH even with the multi-year lag in their project's start.
If and when Ethereum succesfully upgrade to Plasma using sharding technology.
yeah, that's what i'm thinking. They worked w/ the Zcash team to implement zk-snarks.
If you look at my one of the post, i have mention it is potential threats to EOS.
wanna link to it?
Here you go. https://steemit.com/eos/@ordinaryrich/ordinary-rich-eos-swot-analysis
img credz: pixabay.com
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Some interesting links between block.one and Omise, maybe it will use EOS instead of waiting for Plasma??
one advantage for EOS is having no gas to spend. i really like the EOS economic model.