EOS (EOS): Ethereum’s Competition

EOS looks to be doing practically even if countless huge currencies out there square measure giddily dropping. From being launched but a year agone, this coin is alleged to be progressing pretty quickly, already hierarchal the ninth coin on the worldwide coin ranking list. This case poses the question: Is it doable for Eos to “take down” Ethereum within the following months?

What is EOS all about?

When talking regarding Eos, it's most likely the best to match it to Ethereum. This digital coin functions equally to 1 of the largest decentralised networks within the market, that is maybe the explanation why this coin is obtaining most for its quality.

Just like ETH, the most Ethereum’s currency has Ethereum as its parental platform, Eos has Block.one. Block.one may be a decentralised platform supported blockchain technology with the power to host multiple totally different applications which will be simply uploaded by developers United Nations agency are Eos token holders. The platform allows quick transactions with full cryptography and with a guaranty that every one transactions ar created to be safe, secure and while not having third parties earning on the transactions that members of Block.one ar creating. the concept behind this platform is to make a patchwork which will be programmed.

What is most likely the foremost attention-grabbing issue with Eos is that the Eos.IO blockchain software package that developers behind this platform ar acting on. The initial software package ought to improve the network and create it even easier to use, providing a easy expertise. The system is meant to boost the information measure of the network, which suggests quicker electronic equipment, storage, RAM, enabled selection and sanctionative multiple block creators to simply modification and improve the system software package.

This should end in quicker transactions and overall quicker operations at intervals the network, moreover because the ability to pick out favor of or against the changes being proclaimed.

Block.one and EOS.IO

Another issue that almost all presumably influenced the fast progress of this coin is maybe the recent converge of Korea’s Eos.IO and Block.one platform. Choson holds the fifth place within the world together of the simplest countries with most advanced information in info and Communication Technologies, therefore it's no marvel that Eos is progressing at this pace given the {very fact|the actual fact} that they need plans for implementing some very adulatory solutions.

The main plan behind this converge is to own new corporations and industries connection the network of Eos similarly as implementing another token important that may be accepted similarly as Eos inside Block.one localised platform. a number of the solutions meant for implementation be measurability and adaptability of this localised platform similarly as adding Richard Carl Jung as a pacesetter in Korea’s community of developers.

If everything goes well with the new systems and protocols being enforced, it's expected that Eos can possibly have another series of huge will increase within the following months.

EOS set to take down Ethereum?

Many people are speculating that a platform like Block.one with EOS as its main token of value could easily take down Ethereum. Can this case scenario be true?

Most probably, yes. Given the fact that EOS is being traded at 9$ per one coin while Ethereum costs nearly 100 times more per one unit against the dollar, investors are more likely to be focused on buying EOS rather than investing in Ethereum. This is a perfectly normal scenario – let’s imagine that you walk into a store and see two jackets: now the jackets may be a bit different in color, but they are made out of the same material and in the same way. There is one difference though: one of the jackets costs 9$ while the other costs 800$. Which jacket do you buy?

The answer would probably be redundant.

Now that EOS is rapidly progressing with reaching the price of 8.73$ even after a decrease that went up to -6% against the dollar, Ethereum seems to be “threatened” by another similar platform that does the same work – only at an improved pace.

It is said that EOS is now even having faster transactions that can be easily done in no more than 1 to 10 ms of runtime, which probably adds to its value.

With its current state, EOS with its platform Block.one is enjoying the perks of being listed at 9th spot of the global coin ranking list, now being side by side with big coins.

What to Expect from EOS in 2018?

If we take into consideration that EOS has managed to make exceptional progress in only a couple of months of its lifetime, this digital coin is already carrying a promise to become one of the top coins on the market, and not just a top ten coin on the list.

If you add the fact that Ethereum is falling to despair with constant decrease that has made this coin drop for over 400$ per one coin, which is a pretty tough loss, EOS can easily take Ethereum’s place by the end of the year. This would be the case only in case Block.one would perform flawlessly, that way inviting new investors and making old investors stick around without selling off the coins.

The way things are working for EOS now, tells us that this digital coin is on the road to increase its trading volume, also increasing the price per one coin possibly to 20$ by the end of March. This would be the case only in a scenario where this token wouldn’t be experiencing massive and often decreases. All in all, it seems that 2018 is going to be more than favorable for EOS.