Is it true EOS (EOS) has more potential with decentralized application?
Ethereum (ETH) is still the second largest crypto with a market capitalization of $47 billion and trading at a price of $476.37 on CoinMarketCap as of writing. EOS (EOS), is currently ranked as the 5th digital asset in the market, holding a market cap of $8.9 billion and trading at a price of $8.90. Both coins have experienced a drop in price since the spike that took place in December last year and part of January 2018. However, EOS (EOS) has demonstrated the ability to shake off pressure and resist the market trend to recover more than Ethereum (ETH).EOS (EOS) is among the few cryptos that have broken the January all-time highs and has come up with a new one. The new trend of the market has led to a reduction in prices and market cap of both the bulls and bears. Some are recovering only to fall in a short while, including the big bull Bitcoin (BTC). Last month EOS (EOS) had a market cap of $9.2 billion but as of writing has fallen while Ethereum (ETH) has lost a high percentage of its price value and is trying to maintain some glory.
ETH DETHRONED?
Many experts in the industry have mentioned that the real competitor to overthrow Ethereum (ETH) will be EOS. Whether this will be true is up to the developers of the cryptos. EOS (EOS) full implementation of the mainnet is yet to receive its key impact. Ethereum (ETH) remains the king of decentralized applications as it offers very easy, simple and flexible solutions when launching tokens. Ethereum (ETH) is nevertheless not done as it is working on becoming a tough opponent to take down by been more scalable than before through the application of plasma, and also by switching to a Proof-of-stake protocol. The advantage EOS (EOS) has over Ethereum (ETH) is that it is already using proof of stake mechanism instead of proof of work mechanism.
Ethereum (ETH) has to make the above improvements in order to battle in equal capacity with EOS (EOS) platform. For example, the throughput for EOS-IO is 6,000 verified transactions per second, while Ethereum (ETH) is struggling due to the many dApps on its platform. Another key issue is the fees users encounter during its transaction. On the other hand, EOS (EOS) transaction costs are paid using inflation and this done by spreading out its inflation to the block producers every year.FINAL SAYEthereum (ETH) is a well-established platform in the crypto industry while EOS is relatively new. Although at its youthful stage as a decentralized application, EOS (EOS)has the potential to rise and compete with ETH. Whether EOS (EOS) will take the throne of Ethereum (ETH) or not is something we will have to wait to see. I personally believe EOS (EOS) will have a hard time overthrowing ETH, but stranger things have happened.