Although Ethereum remains decentralized, this proof-of-work concept makes it difficult to scale. EOS is unique from other blockchains because it provides updatable smart contracts which can be built using developer-friendly programming languages such as C++. A downside of the EOS network is that cryptocurrency users and developers are not as exposed to its platform compared to the Ethereum blockchain network.
It makes no difference where the sender and receiver are located, the transaction time is always the same. This is impressive, as it can take up to three days for a bank to process an international payment. As https://www.tokenexus.com/is-eos-better-than-ethereum-or-not/ the first and original smart contract blockchain, it is important to understand how it handles transactions. Firstly, it takes an average of 16 seconds for a transaction to be verified on the public blockchain.
Will EOS Be Successful?
EOS AND Ethereum investors can build a diversified portfolio with the most popular coins. At the time of writing, one EOS token priced at $1, has a total market cap of $1B, and a circulating supply of 1,090,639,845 EOS. Bitshares, on the other hand, is a decentralised platform for trading cryptocurrencies using blockchain technology. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. As I mentioned earlier, the EOS VS ETH debate is something that divides opinions.
Building a trading skill around the fundamental and technical analysis of individual cryptocurrencies can help a trader make sound decisions on which crypto to trade. In deciding whether to purchase either EOS or Ethereum, a trader and investor may need to conduct personal research and due diligence into these cryptocurrencies and decide on which to buy. This unique programming language available to developers and builders on the Ethereum network is known as Solidity. Traders and investors are advised to conduct due diligence and personal research into cryptocurrencies such as EOS before making investment decisions. From their price predictions, EOS is expected to trade at an average price of $1.41 and a maximum price of $1.66 in 2023. A number of trade experts and market analysts speculate and make price predictions of EOS in the long and short term.
Transaction Costs
However, after the Main-Net launch on June 2018, the team began exchanging these for official EOS coins that are now backed by the EOS blockchain. The ultimate aim of EOS is to be the fastest, cheapest and most scalable smart contract blockchain in the world. As a result, it wants to win a large percentage of Ethereum’s market share. Ethereum has an extremely bright future if it can address scaling with ETH 2.0. It is currently the top ranked altcoin and only second in terms of market share behind Bitcoin.