PrimeXBT provides traders with all the tools they need to be successful, including chart analysis software, risk management tools, and much more. What price ETH or EOS reaches some day is an important factor to consider when choosing which crypto token to invest in. Several other tokens are being positioned as an Ethereum killer much like EOS, such as Polkadot, Cardano, Solana, and others. However, it is EOS that stands the best chance to succeed, and that’s why it is among the coins supported by PrimeXBT alongside Bitcoin and Litecoin.
EOS and Ethereum Historical Price Action Reviewed
The goal of EOS is to be a platform capable of supporting business and enterprise use cases. Unlike Bitcoin or Ethereum, which have scalability problems with respect to transaction throughput, EOS has demonstrated the ability to process tens of thousands of transactions per second. Without people building on the is eos better than ethereum platform, there would be nothing for users to use. Block.one, a company led by Dan Larimer of BitShares and Steem fame, created EOS and holds ten percent of the total supply of tokens. To the surprise of some community members, Block.one staked those tokens and has participated in the Block Producer elections.
- At the moment, Ethereum’s Blockchain can handle up to 30 transactions per second.
- A wider range of popular uses means that the platform is closer to its long term goal of being used for a wide variety of different dapps.
- The short-term predictions are that Ethereum will be near $3,500 per token.
- A hack involving one of the first decentralized organizations, called the DAO, resulted in the split.
- While Ethereum is a highly established blockchain project with a fully functional platform, EOS is still in its very early days.
- After that, I will then give you a simple breakdown of how transactions are verified without a third party.
- Daily data was taken on 28 March 2019 so of course the data will change if you check the sources on a different date.
Blockchain in Payment: Accelerating Payment Services
There are many factors to consider when selecting between ETH and EOS. Some important factors include the team behind each project, the technology, and the community. The EOS team is also experienced, but they have less of a track record. At the same time, the EOS technology is newer and unproven, but the ETH community is large and active. Based on all of these factors, it seems like ETH is the better investment. However, EOS has a better shot, giving holders a unique chance to multiply their investments.
Does EOS Have A Future?
Users can move money in circles as a way to inflate their numbers without actually using the dapp. This metric is difficult to compare because there are no exact numbers for each network’s total volume. However, it seems that in March, TRON was the leader out of the three with EOS a close second and Ethereum a very distant third in terms of volume. On 27 March 2019, according to dapp.review, TRON has $18.5 million in volume while EOS has $15 million, and Ethereum has $4 million. We will now compare the dapp activity since dapps are really what all three platforms want to be used for.
- If you’re not planning on interacting with EOS dApps, and you’re just holding EOS tokens as an investment, then Atomic, or Exodus are great choices for a standard EOS wallet.
- The once high-flying cryptocurrency has lost over 90% of its value since June, and is now trading at around $1.
- At its maximum capacity, EOS is able to handle 4000 transactions per second while TRON can handle 2000 per second compared to Ethereum’s measly 20 transactions per second.
- Nodes are the computers that keep a blockchain network running, and their main job is to keep a copy of the history and verify that history as valid.
- Outflows on ether ETFs continued into their ninth-straight day with over $3.45 million leaving the products.
Ethereum DeFi Investment
