This could be the Ethereum Killer

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Is The “Ethereum Killer” On The Loose?

Will Ethereum cede its place as the number one platform in the blockchain arena?

Binance has launched its own blockchain, raising speculation that yet another another Ethereum killer could be on the loose. Ethereum’s imminent death has already been reported many times, but does the leading smart contract platform really have anything to fear?

Ethereum Has Seen Off Challengers Before

Barely a month goes by where someone doesn’t announce Ethereum’s demise. With Binance’s new DEX and its native BNB coin migrating to its own chain, some have declared BNB the new ETH killer.

Binance CEO CZ wants none of it:

I like the positivity for #bnb . but we really don’t have to diss any other coin. #eth can do much more than #bnb in features. Let’s grow together. . https://t.co/26a2T0Om3x

Binance is not the first blockchain to be considered a likely killer, but so far the biggest threat to Ethereum seems to be old age. The four-year-old dApp platform is already feeling the limitations of Proof-of-Work mining, and struggling to scale to new consensus algorithms and second-layer solutions.

Here are some of the other attempted assassins, and their progress so far.

A History Of Ethereum Killers, With No Deaths

NEO – often referred to as “the Chinese Ethereum” – has failed to live up to its hype and the involvement of the Chinese government could give pause to other investors.

NEO is also relatively centralized, with a small number of nodes and controlling parties reigning over more than half of the platform. Ethereum’s decentralized structure has many advantages over the NEO model and the latter has yet to see large growth in distributed applications. .

Ethereum has faced greater pressure from TRON and EOS, as State of the Dapps reveals.

TRON: Where The Sun Shines

The war of words between Ethereum’s Vitalik Buterin and TRON’s Justin Sun has provided the crypto community with ample entertainment, but does TRON actually represent a threat?

In terms of seven-day volume, the most active dApp according to Dapp Radar is currently TRON-hosted TRONbet. EOS dominates the top ten, hosting six dApps, with TRON and Ethereum hosting two each. Notably, nine of the top ten dApps by seven-day activity are gambling related. The other is an exchange.

TRON hosts a total of 242 dApps , though many of those boast very little, if any, volume at all. Ethereum boasts 1,459 dApps , and the 3rd, 4th, 5th, and 9th highest ranked in terms of State of the Dapps’ ranking system, which measures user numbers, transaction volume, and developer activity. Ethereum is also less dominated by gambling dApps.

Block.One And The Return Of The Larimer

Block.one represents a more substantial threat to Ethereum’s frontrunner status. EOSIO is an incredibly powerful and efficient smart contract platform. It is also less complex and more scalable than Ethereum.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

However, EOS is itself besieged by gambling dApps, which represent roughly 70 percent of activity on the platform. (On TRON they represent 95 percent). It is hard to imagine the $4 billion EOSIO creator Dan Larimer foreseeing or particularly welcoming that such a significant volume of its traction dedicated to gambling.

There were a number of high profile migrations from Ethereum to EOS when EOS was first launched, including EOSBET, Medipedia, and Tixico. Tixico moved because Ethereum didn’t meet its “needs and requirements anymore especially when looking forward to the (sic) future developments,” saying that the EOS platform offered enhanced performance, scalability, low latency, and no transaction fees.

Billionaire Token also migrated, announced in a scathing rebuke to Ethereum’s lack of speed:

When EOS delivers, we will aim to move all of our games on their network. It will be so much better than ETH. Great times ahead! #XBL #EOS https://t.co/ZuQ38OsCah

But Ethereum Is Going Nowhere

While competition among platforms is healthy, it is unlikely Ethereum will lose its place as the default destination for dApps in the near future, despite the many advantages EOS offers. It may, however, lose its place as the default cryptocurrency launching pad, with IEOs becoming increasingly popular and Binance Launchpad a natural fit .

But even if Ethereum loses some volume, it may benefit the platform’s infrastructure. The last thing Ethereum needs is another Crypto Kitty fad .

Disclaimer

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

Is the Ethereum killer the Ethereum copycat? This is why Tron is different

There are a handful of blockchain projects of the second and the third generation that are constantly compared amongst them. We’re talking about Ethereum, Tron, EOS, and Cardano. In this article, we’ll focus on Tron and Ethereum because both of those blockchains have developed something of a rivalry, and it’s a good idea to understand both the similarities and the differences between them.

Tron vs. Ethereum

Tron began as a project running on Ethereum, and that’s one of the reasons for which a lot of people believe that Tron is nothing more than a new version of Ethereum on steroids. Things are not that simple.

Both Tron and Ethereum are projects which include a token (TRX and ETH, respectively) but, unlike Bitcoin, or Litecoin, or most other blockchain projects the point is not in the token. These are programmable platforms that allow for the development and deployment of smart contracts and decentralized applications.

Ethereum was the first network that featured those capabilities, which is the main reason why it has so much prestige and influence. And that’s also the reason why Tron and EOS started based on Ethereum.

Tron on its own

As Tron became independent of Ethereum, on last May, we saw a lot of talk in the cryptosphere about the “Ethereum killer.” That was because the technical specifications promised by Justin Sun (Tron’s CEO and founder) gave you as a user or developer every capability to do anything you could do in Ethereum.

Except that it would be much faster, much cheaper, and much easier because Tron adopted standard programming languages instead of Ethereum’s languages which are all native and not the kind of thing every programmer knows out of the box.

As Mr. Sun announced Tron’s new specifications, a few weeks before it was launched, Vitalik Buterin (Ethereum’s founder and leader) used his Twitter account to express his skepticism about those specifications. Some would have even called it a bit of a mockery.

But the Tron network was released, and it turned it to be every bit as good as promised. How is this possible? The main reason is: contrary to some popular opinions, Tron is not a rehash of Ethereum. It’s a whole new technology developed using different, more powerful tools and platforms, and that’s why there’s a difference.

It’s all under the hood

Not to get too technical, but Tron is a whole new blockchain built on top of GRPC and DPos. We could explain to you what that means, but it suffices to say that these are the same tools Google uses to come up with all its magic.

Ethereum, on the other hand, is based on JSON-RPC and Pow. Again, not to get too technical, but you surely know Google, and you know how well it works (too well, in many opinions, as a matter of fact).

So, here’s the thing to take away from this post: Tron has nothing to do with Ethereum anymore. It’s considerably more powerful, reliable, and in only a few months it’s managed to have more dApps in the world’s top ten than Ethereum.

It’s innovative, well designed, and well developed. Ethereum was terrific when it first appeared, but Mr. Buterin, able as he is, has not been able to keep his network competitive in the current times.

This could be the Ethereum Killer

GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together.

Open-Translating / sources / Is-EOS-the-Ethereum-killer.md

Is EOS the Ethereum killer?

Today at Consensus 2020 event held in NY Dan Larrimer announced his new project — EOS. Dan is known as the leader behind BitShares, Graphene and Steem technologies.

You can see live stream recording of the announcement here.

You need to scale to millions of users, but you can’t

If you are going to build some DApp (decentralized application), then what options do you have today?

  • Corda and Hyperledger Fabric are for private networks only and have limited smart contract support.
  • RChain, Rootstock/RSK, have not yet been released or not production-ready.
  • BitShares and Graphene have very good throughput, but limited smart contracts capabilities.
  • Polkadot repo has not been updated in the last 6 month.
  • NXT, Waves, Lisk, Tezos, Tauchain (you name it…) are not competitors… It seems that you are left only with Ethereum which has a very bad throughput and high transaction costs.

Why not try to combine the scalability of Graphene and the power of Ethereum’s smart contracts together? Etherum will migrate from Proof-of-work to Proof-of-stake (scheduled at the end of 2020/beginning of 2020) so we have some time to build a new competitor.

2 months ago Dan Larrimer resigned from Steemit in order to (obviously) develop/promote his new tool. Welcome, the new Ethereum killer!

I created Steem with a team of 2 developers working for 3 months

There’s not much technical information available currently. But EOS is not just about smart contracts + high scalability. It has a completely different design and vision compared to Ethereum.

EOS uses Delegated Proof-of-Stake just like Graphene does.

It uses Network Bandwidth Allocation system to effectively share the blockchain.

It’s like time sharing. It’s like owning an instance on an Amazon web service that you can share

In EOS the human-readable source code (the “bot”) is uploaded directly to the blockchain. As we know, the Ethereum smart contracts are binary data instead.

If there’s a bug in your application — then community can freeze it and then deploy a fix. Very interesting!

EOS is structured like a group of people and/or scripts (bots) that are exchanging messages between them. It could be thought of as an email system where every user or bot has an account

The Account also known as the “Application” is a private JSON-formatted database easily accessible by any blockchain explorers.

All the communications between apps have self-describing interfaces, and declarative permission scheme. This means that you have to describe what messages your app wants to receive and what it will send (probably). It allows to firewall applications from each other but still allows them to communicate.

Unlike e-mail, the recipient and any accounts copied on the message have the ability to reject the message in which case the message will not be delivered to them

EOS is designed to support communication not just internally, but externally too. So it should be possible to connect other blockchains to communicate with them.

You can check what smart contracts look like in EOS here — https://steemit.com/eos/@eosio/implementing-a-hypothetical-currency-application-on-eos. This article was published by Dan 6 days ago (16th of May, 2020).

Q1. How do smart contracts work in parallel? Answer by Dan: “All the contracts are processed on the same chain, the messages are on the block chain, not the state. Every single account operates like its own chain, and supports interoperation between all other accounts without locking, so determinism is preserved”

Q2. Are there any blockchains comparable to EOS? Answer by Dan: “No, this is an incremental improvement on Steem and Bitshares. It is the general case to those special cases. It builds on more than 4 years of continuous development and innovation from the Bitshare and Steem community”.

Q3. Do you plan to run Steemit on top of EOS? Answer by Dan: “EOS can support applications like Bitshares or Steem. But it’s totally up to Steem team”.

Q4. What about EOS token distribution? Answer by Dan: “We will send this information later in the mailing list”.

Q5. What does EOS stand for? Ethereum On Steroids? Answer by Dan: “Hahaha, no”

Wow! Great product. Can’t wait to see and try it. We are going to be among the first EOS app developers. By the way, EOS logo is a geometric structure that forms a heart!

The only bad thing is that they have Brock Pierce on board now. I think he is a junkie. Not good for the team. Sorry. Even the blockchain constitution won’t help.

From the official EOS Telegram channel: “Now Brock Pierce is at the microphone. He seems a little hung over from the party he hosted last night”.

Do you think EOS is the Ethereum killer?

p.s. We are currently building the “Microcompany Tokenization Platform” here — https://web.thetta.io

We need your help. Become a part of our team/community (+bounties and +rewards) and deliver great product together with us!

Could Cardano Kill Ethereum?

The weekend’s futures offerings by CME Group sent Bitcoin on a somewhat predictable surge up to $20,000 on some exchanges. According to CoinMarketCap, the daddy of crypto peaked at $20,089 on December 17th at 12.19 UTC. The market has since corrected where it has dropped back to around $19K. Unlike previous times, the altcoins did not suffer during this recent Bitcoin surge, and some, including Cardano, have done extremely well over the past few days.

Cardano is one newcomer to the crypto scene that has made monumental growth in a very short time. If NEO is the Ethereum of China, then ADA is the Ethereum of Japan. In less than a week, it has emerged from relative obscurity to one of the top traded cryptocurrencies. With an over 400% increase since this time last week, Cardano has risen from just ten cents to over fifty.

Cardano Climbing

Its market capacity is $12.5 billion at the time of writing, which has knocked Dash and Iota down the charts and put Cardano at sixth place, just behind Litecoin. ADA tokens are traded heavily on Bittrex, which has 60% of the total supply, while Binance follows with 35%. In the last 24 hours, a total volume of $549 million has been traded.

With Bitcoin, Bitcoin Cash, and now Dash costing over a thousand dollars a coin, some psychology comes into play, especially with new traders, according to Forbes. Sub-dollar coins are seen as better investments by those with limited trading experience on crypto and traditional markets. Several altcoins have “gone to the moon” in recent months, including XRP, IOTA, NEM, LTC, and ETH, and it seems that Cardano is about to join them.

Ethereum Killer?

Input Output Hong Kong (IOHK) is the company behind Cardano. Co-founder Charles Hoskinson also worked very closely with Ethereum in its genesis. The primary ethos with Cardano is to develop an extension of Ethereum, addressing and solving the current scalability issues it has. Just like Ethereum and Neo, it is a platform that will run decentralized apps and smart contracts. It will work in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks.

According to the website:

This is the first blockchain project to be developed from a scientific philosophy, and the only one to be designed and built by a global team of leading academics and engineers. It is essential that the technology is secure, flexible and scalable for use by many millions of users. Consequently, considerable thought and care from some of the leading experts in their fields has been devoted to the project and informed design decisions.

Cardano has a big future ahead, especially if it can provide solutions to current scalability issues on blockchains already in operation. It is currently trading at $0.48 after reaching an all-time high of $0.59 a few hours ago.

Will ADA eclipse ETH and be the crypto platform of choice? Let us know in the comments below.

Images courtesy of Cardano, Bitcoinist archives, and Pixabay.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading: Brokers Reviews
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: