When we look at the prices of EOS, Cardano or Tezos, it seems as if these crypto coins are dead. But just as with stocks the stock price can differ from the value of a company, the price of crypto coins can also give a distorted picture. These 3 crypto giants are gradually waking up.
EOS, Cardano, and Tezos all want to become a better version of Ethereum. Ethereum is currently the leading leader in smart platform platforms. It is the second largest crypto coin and according to some, it will even knock Bitcoin off the throne this year. But Ethereum, like many crypto coins, has its flaws, and these three projects want to do something about it.
In the coming weeks and months, EOS, Cardano, and Tezos are planning to finally launch their products. EOS wants a faster version of Ethereum, Tezos wants a better-managed platform and Cardano is a kind of copy of Ethereum.
Which Cryptoreus will wake up first?
EOS
EOS currently only exists as an ERC20 token. But it plans to officially start later this year. Binance recently announced an EOS token swap. EOS wants to offer smarter and faster, smarter contracts with its platform. Dan Larimer of EOS believes that it is able to blow Ethereum and Cardano away.
The disadvantage at EOS is a fairly strong centralization and miners have to use super high-performance computers to mine the blocks.
Cardano
Charles Hoskinson of Cardano is known for his knowledge and passion for crypto coins. He has a blockchain research laboratory in Athens and Edinburgh.
Cardano wants to develop a more advanced platform for smart contracts than Ethereum. According to Jesse Damiani from Cardano, the group wants to create deeper functionality at a cheaper price. You could compare Cardano to Ethereum as Litecoin compared to Bitcoin, according to Damiani.
Launch: Cardano is planned in the first quarter (every moment), although the more advanced features can only be expected next year.
Tezos
Tezos was at one point the largest ICO ever but has a strong division internally. The platform of Tezos had to be online for a long time but was put back by various legal stitch games. According to Tezos' White Paper, the owners of the tokens can decide on the projects. They can thus play an important role in improving the platform.