In the public chain, ETH and EOS are the two most concerned public chains, and they are often compared. ETH is the pioneer of smart contracts. Among cryptocurrency assets, in addition to BTC, ETH is currently ranked No. The second cryptocurrency, and EOS is a rising star, is very good in terms of performance. What are the similarities and differences between the two? And how about the investment value, share some of my views below.
1. Performance comparison
ETH was created by V God, and EOS was created by BM. Both are great gods in the cryptocurrency world. ETH created the concept of smart contracts. Since then, blockchain technology has gained more applications. Many tokens were issued, especially in 2017. Tokens were issued on ETH in an endless stream. Even EOS was originally issued on ETH, and later it was transferred to the main network. The big bull market in 2017 was largely related to ETH, when the highest price of ETH reached about 10,000 yuan.
However, ETH is a POW consensus mechanism. The transactions on ETH are jointly confirmed by nodes distributed around the world, and the degree of decentralization is also relatively high. However, due to the impossible triangle limitation, its performance TPS is not High, the encrypted cat game at that time dragged the ETH network very slowly, and the network performance of ETH also restricted the development and application of ETH ecology.
Therefore, ETH now proposes to improve TPS performance, that is, TPS in ETH 2.0 will have a big improvement, because its consensus mechanism will be changed from POW to POS. In this way, TPS will be improved, and applications that require higher real-time performance can run on the ETH network.
Compared with ETH, the performance of EOS is much higher, and the peak value has even reached 3996. In the current public chain, the TPS of EOS is the highest, much higher than the TPS of ETH, TRON and IOST, and the performance of EOS is also Will be optimized and improved. The performance of EOS is closest to commercial application scenarios. The main reason why EOS performance is relatively high is that it adopts the DPOS consensus mechanism. There are only 21 super nodes, so the transaction confirmation speed is relatively fast.
2. Account system
Different from Bitcoin’s UTXO model, both ETH and EOS use the account balance model, which is called an address on ETH and an account on EOS. The ETH address is created free of charge, and it consists of a long string of irregular strings The EOS account can be customized according to your needs. It is composed of 12 characters. The EOS account with less than 12 digits is called a short account, and the short account is obtained by participating in the auction. .
Compared with the two, EOS’s account system is obviously closer to our daily application scenarios. It is as convenient as WeChat account and Alipay account, and it is also very convenient when transferring money.
Compared with the ETH address, the EOS account system is much more complicated, and of course it is also more flexible. For example, in the EOS account, multiple signers can be set up, and multiple people can manage an account together. In addition to Active and Owner permissions, You can also customize permissions according to your own needs. For example, you can define a custom permission to be used only for voting of EOS nodes. In this way, you can manage the permissions of EOS accounts in a hierarchical manner, which greatly improves the security of EOS accounts.
Since EOS adopts the DPOS consensus mechanism, EOS holders can vote for EOS nodes through their accounts. The top 21 with the most votes are the current EOS block producer nodes.
3. Ecological development of public chain DAPP
In the DAPP ecosystem of ETH and EOS, the number of ETH DAPP is far more than the number of EOS DAPP, and the ecological development of ETH DAPP is relatively better. For example, the popular DeFi applications are now built on the ETH public chain. . Moreover, in everyone’s view, the security of ETH is higher than that of EOS, so more projects are willing to build DAPP on ETH.
The development of the EOS DAPP ecosystem has not been so smooth, and there is no category of DAPP that stands out. It does not have DeFi applications like ETH. The current EOS ecosystem is still mainly some marginal DAPP applications, such as spinach applications. The social voice developed by B1 is still very early, and the official version will not go live until next year. Although there are also some DeFi applications on EOS, compared with the DeFi applications on ETH, there is still a big gap in terms of quantity and turnover.
In terms of developers, the ETH public chain developer community is more prosperous. After all, there are relatively more development projects on ETH, but the EOS ecosystem is also constantly developing.
In short, both the public chain ETH and EOS are developing well, and it is worth looking forward to in the future. The most worthwhile thing for ETH is the launch of ETH 2.0, and EOS is also constantly benefiting, but it requires Block one to support the community more. Some, spend more time on the development of EOS DAPP. If Block one is more powerful, the value of EOS will not be this. As two excellent public chain coins, they are even worth deploying, because their current prices are not high.
