So today i was doing my normal browse on the other platform (Starts with "R" and sounds like Shredit) and I came across this post titled:
"I'm giving you guys a chance" in the EOS section followed by the post:
"Can anyone here ELI5 how EOS plans to achieve hundreds of thousands of tps? This sounds totally unrealistic. If that was true EOS would be the only game in town so I'm 99% sure these claims are bullshit. But like I said, giving you guys a chance.
EDIT: Total fail by EOS shills, as expected."
I dont know why, but I felt this impulse to reply to the OP, maybe I think EOS might be a good technology, maybe I like to educate people, maybe I just thought he was a pleb, but for whatever reason I decided to reply, and here's what i wrote:
"Developer: Dan Larimer, creator of Bitshares, Steemit and now EOS. Proven reputable developer.
Graphene Architecture
https://bitshares.org/technology/industrial-performance-and-scalability/
Bitcoin (Blockchain technology): about 5-7 tps. This will increase after Segwit2x source: https://bitcointalk.org/index.php?topic=1812451.0
https://en.bitcoin.it/wiki/Scalability
Ethereum: 15-20tps Source: https://ethereum.stackexchange.com/questions/1034/how-many-transactions-can-the-network-handle
Paypal: about 200 tps
Visa: about 2000tps
Source: https://mybroadband.co.za/news/banking/206742-bitcoin-and-ethereum-vs-visa-and-paypal-transactions-per-second.html
Graphene: 100,000 based on:
"The Benchmark We setup a test blockchain where we created 200,000 accounts and then made 2 transfers and 1 asset issuance to each account. This is involved a total of 1 million operations. After creating the blockchain we timed how long it took to “reindex” or “replay” without signature verification. On a two year old 3.4 Ghz Intel i5 CPU this could be performed at over 180,000 operations per second. On newer hardware single threaded performance is 25% faster." - https://bitshares.org/blog/2015/06/08/measuring-performance/
Additional Source: https://www.reddit.com/r/ethereum/comments/3jvo9k/bitshares_says_it_will_be_able_to_complete_100000/
Dan Larimar on STEEM Blockchain:
As of 11 months ago article produced on Steemit for technology tps comparison:https://steemit.com/steem/@steempower/how-agile-is-your-chain-top-digital-currencies-transaction-per-second-comparison
This is just information i found in about 10 minute of Googling and following the paper trail. Believe what you want. Graphene Technology has already been proven to be sound on Bitshares & Steemit is very popular on top of that, EOS aims to be have all databases and tools already pre-built so applications can be built on top of that. Ethereum doesnt have those tools and needs to be built with every application. (Not bashing ETH, my money is in ETH currently)
If youre cautious, dont invest, wait a year and see what happens.
If youre a smart invester, dont invest and see what happens.
If you want short term gains, dont invest, and wait a year, see what happens,
If you have faith in the project, invest what you are comfortable in losing."
Considering I've only been the cryptoverse for over a month now, I was surprised at how fast I manage to the research and how easily available information is about the ICO.
So moral of the story, dont be like me and feed the troll, but do be like me and do your research before you invest into anything.
If you want to read the post you can head over to the Dark-Red Side here: https://www.reddit.com/r/eos/comments/6l68na/im_giving_you_guys_a_chance/djrr02q/