Ethereum and its killers (1): EOS and TRON

Ethereum , as the world’s second-largest cryptocurrency by market value, emerged from the ico wave of the bull market in 2017 and has since secured its position as the second largest in the cryptocurrency market.

In the past few years, there have been countless projects that wanted to challenge Ethereum, and they all failed miserably.

But with the development of technology, more and more projects have the potential to challenge Ethereum, or have the ability to take a share of the market occupied by Ethereum.

Today we will take a look at the Ethereum killers who were and are now.

Before the introduction, we need to briefly understand the public chain, alliance chain and private chain.

The public chain is first of all open source. At the same time, the public chain will protect the developers and users on the chain. The founder or development team of the public chain cannot infringe on the rights and interests of the users of the public chain.

Therefore, the public chain can also be simply understood as the blockchain infrastructure that everyone can use, such as the husband chain btc, eth, ada, and the recent outbreak of new public chains near, sol, and so on.

As the name suggests, a private chain is a privately created chain, which generally has a special purpose and will not be open to everyone, but it has the characteristics of good privacy, fast transaction speed, and low cost.

The consortium chain mainly serves the special needs of several companies or communities. It also has the two characteristics of fast transaction speed and the data will not be disclosed by default. The well-known consortium chain has “Hyperledger” (Hyperledger).

In this issue, we will briefly explain a few old “Ethereum Killers”: eos (Grapefruit) and tron ​​(TRON).

Ethereum and its killers (1): EOS and TRON

In the next article on Ethereum, we will give you a detailed introduction: solana, polkadot, and Avalanche these three new popular public chains.

Eos

Eos was once considered to be the most likely public chain to surpass Ethereum. It ended the crowdfunding in June 2018 and finally raised more than US$4 billion in funds.

At that time, the main concept of eos was that the future tps (throughput) will reach the million level, a friendly developer environment and almost zero usage cost.

The main company behind Eos, Block.one, is a company formed by Brock Pierce, Brendan Blumer, BM and others. BM, which we are most familiar with, holds the position of CTO.

The reason for the failure of eos, in addition to the disappointing performance of currency prices, the departure of BM has also become the last straw to crush the camel.

The million-level throughput promised by Eos at the time has not been realized. After testing by relevant institutions, it was found that the throughput was even less than 50 tps.

The construction of the bottom layer of Eos and the friendly developer ecology have not been launched for a long time. At the same time, the support for the community and excellent projects is not enough, and the attention to the Chinese community is particularly insufficient.

After looking through the information, it is found that the failure of eos is not only related to the technical level, but its chaotic management is also one of the important reasons for its frustration. At the same time, there are also rumors that BM’s departure is also related to this.

Brendan Blumer, the controller of the parent company, arranged his relatives as executives in a number of important positions, and at the same time publicly stated many times during the initial crowdfunding:

“EOS has no rights, value, is not an investment, nor is it currency, nor is it a security. The sales proceeds are all handled by the development company. The issuance of EOS is a sales agreement, not a fundraising agreement.”

If these rumors are true, then in summary, eos has lost to the immature technology and chaotic management model.

Tron

Tron is the well-known TRON, founded by Justin Sun, and after several years of development, it has now become the well-deserved first domestic public chain.

Whether it is from the number of users or the user experience, it is remarkable. The trc20 transfer that we are most familiar with uses this public chain.

I believe that when many friends transfer u to various addresses, the most commonly used is the public chain of trc20 instead of the erc20 of Ethereum. The main reason is that there is no handling fee for using TRON to transfer usdt.

However, TRON is often accused of plagiarizing Ethereum. After browsing its white paper, it is found that it does have many similarities with the Ethereum white paper. Interested friends can browse this link:

“https://cn.developers.tron.network/docs/what-is-tron。”

It is undeniable that TRON has many operational elements in its development process, and at the same time, most of the dapps that it actually landed are also related to the gambling industry.

But these have not prevented it from becoming the first domestic public chain, because the low price of TRON is enough to make itself a share in the Ethereum ecosystem.

Ethereum and its killers (1): EOS and TRON

The eos and tron ​​introduced in this issue are two typical examples. Eos was huge in the early stage, created by top technical geniuses, and all kinds of capitals flocked to it.

As a domestic public chain, tron, although its early traffic basically came from Justin Sun’s personal ip, looking back now, it turns out that tron ​​has developed smoother and larger scale.

Therefore, it is not difficult to see that in the development of blockchain, good technology must be a crucial part, and excellent operation and marketing capabilities are absolutely indispensable.

Investment is risky. The views and opinions in this article represent only the author and do not constitute any suggestions.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/ethereum-and-its-killers-1-eos-and-tron/
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