EOS - The "Real Estate" of the Internet and the Future of Cryptocurrency "Bandwidth"

research-mind (62)in #eos • 7 years ago

EOS is real estate because it works in a completely different way from Bitcoin or Ethereum: token holders get a percentage of the bandwidth of the EOS network relative to their total share of the tokens. If EOS can handle 100k TPS and you hold 1% of tokens, you are reserved 1k TPS. The only cost to developing your dApp is purchasing tokens in the first place. Furthermore, if you are not a dApp developer, you can rent your stake in the network, allowing you to collect interest on your stake.

EOS encourages people to buy and hold their tokens– not just for speculation, but because they need to in order to reserve network bandwidth.

SOURCE: Why EOS will Overtake Ethereum in High Performance Smart Contracts

* EOS is currently at all time price highs of $7.41 USD - It wasn't that long ago, that this was the valuation on Ethereum.

* 50.00 USD per EOS seems inevitable.

* Price Specualtion for end of 2018: $200.00 USD per EOS

EOS Website

EOS Development Update December 5th, 2017

#cryptocurrency #bitshares #blockchain

7 years ago in #eos by research-mind (62)

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cpufronz (57) 7 years ago

Do you think that EOS will defeat Ethereum (or vice versa) or that there will be room for both?

The big advantages of EOS are its scalability and of course the fact that it doesn't require the users to pay fees. Ethereum on the other hand has the huge advantage that it already kind of established and the fact that the project started two years before EOS definitely speaks in its favour (two years are an eternity in terms of crypto).

$0.56

6 votes

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research-mind (62) 7 years ago

i think there's room for both of them.

I like the analogy:

Bitcoin is the Gold, Ethereum is the Oil and EOS is the Property

I also heard that EOS will make ethereum run better if ethereum adapts eos to it. To a certain extent i feel like eos is swallowing ethereum from the inside out. Time will tell.