EOS vs Ethereum: Is EOS Better Investment Than Ethereum?

Ki Chong first discovered Bitcoin in 2013 and has been hooked on the decentralized dream ever since. Originally from Los Angeles, he spent 4 years in Cambodia as the founder of the first 3D printing business in the country. Since leaving his business, he has devoted himself fulltime to blockchain technology in general and Ethereum in particular. There are normally three ways in which this is measured, daily active users, weekly active users, and monthly active users.

In fact, most of the altcoins on the market are built on Ethereum as ERC-20 tokens, highlighting how integral the blockchain has become to the overall crypto market. Moving down the ranks of the cryptocurrency list of assets, alternatives to Bitcoin show undeniable potential and have also been profitable for early investors. Ethereum (ETH) and EOS (EOS) are two altcoins that provide benefits beyond what Bitcoin provides and among the most popular cryptocurrencies today.

Is Ethereum A Good Investment?

In this article, we’ll look closer at Ethereum vs. EOS and compare their major features to help you decide which is the better investment option for you. By the end, you’ll have the knowledge you need to make your decision confidently. If you want to find out how EOS vs. Ethereum compare as investments, you’ve probably already done some research on both platforms and noticed their similarities. As both Larimer and Vitalik aim to decentralise organisations and currencies and create a more transparent financial world, many people compare EOS with Ethereum.

Nevertheless, let’s take a look at what the EOS team is looking to achieve. The most expensive period was back in December 2017, where it cost an average of $4 to send a transaction. Fortunately, this has since been reduced to less than $1, however, this can easily go back up if the network experiences a busy period. Note that if you’d like to purchase some ETH or EOS for yourself, make sure to do so via a trusted exchange platform. EOS on the other hand, has far less price predictions floating around the web or on social media.

How To Trade ETH and EOS With PrimeXBT

This wallet supports 500+ cryptocurrencies including EOS, supporting easy token swaps. Atomic Wallet also supports EOS staking and even supports in-app exchange integrations. Additional security measures include backup options and advanced encryption protocols. With Ledger, Nano X, Nano S, and even the Plus models, there is support for the secure element chip and a sizable display. One of the remarkable features of Ethereum is its support for token creation through standards like ERC-20 and ERC-721. These tokens can represent various assets or access rights, from real estate to digital collectibles.

• Besides governance, the biggest difference between these three competitors is their approach to the scalability trilemma.
• Real estate is a major asset class that most people do not have access to unless they are very wealthy.
• By evaluating these key factors, investors can make informed and strategic decisions when considering altcoin investments.
• The tepid inflation report increased hopes that Fed policymakers will cut rates more quickly than they would have otherwise, a development that could prove beneficial to risk assets.
• The future EOS price will depend on the state of the market, layer-1 competition, and further adoption of EOS.
• In fact, the DOS incident that happened back in 2016, could have been avoided completely if Ethereum was indeed an Operating System and not a state machine.

Users can also learn about EOSIO’s features, smart contracts, and application development on its blockchains through training and certification programs offered on its website. Its blockchain and smart contracts platform, known as EOS.IO, allows developers and programmers to build and manage decentralized applications on its EOSIO ecosystem at scalable speeds. The EOS coin works on the EOS blockchain and uses a delegated proof of stake algorithm. It is open-source and anyone can use it to create high-performance smart contracts. In other words, EOS is designed to be more functional to businesses and users to create blockchain-based applications in a way that is much more user-friendly than Ethereum.

EOS vs. Ethereum Similarities

Its DPoS consensus mechanism allows it to process thousands of transactions per second, making it a better choice for applications that require fast and reliable transaction processing. EOS uses C++ as its programming language, https://www.tokenexus.com/is-eos-better-than-ethereum-or-not/ which offers a much faster development process than Solidity. It also has a built-in library of functions and smart contract templates that developers can use to speed up the development process even further.