Will EOS replace Ethereum in the future
Publish: 2021-05-01 02:26:17
1. After the hard bifurcation of etc, ETH came into being. The relationship between the three currencies is just like that between yen, won and US dollar
2. When I first answered this question, it was on the 70th day of the crowdfunding period of EOS (a crowdfunding day of EOS is 23 hours). At that time, there was a lot of sadness under this answer, because it had dropped from the high of $3 in the initial crowdfunding period to nearly $0.50. When I started talking, there was little attention. In the next two months, the subscription price of EOS has been hovering around this position. If we follow up the subscription, one eth can get about 500 EOS, then the revenue should exceed most of the participants
reviewing the financing of EOS, we not only set many records of ICO, but also a significant milestone in the whole history of open market financing. During the 350 day subscription cycle, 200000 people participated in ICO, accumulating 7.2 million ether coins. According to the market price of the day, the total amount reached US $4.3 billion, which is close to the total IPO amount of Google (US $2.7 billion) and twitter (US $2.1 billion). It is the largest ICO in history so far. It's very worthwhile to make a comprehensive summary. I very much hope that what I write can penetrate the surface of the facts, catch the essence hidden behind, and become a part of historical records
EOS's ICO uses Ethereum's smart contract to complete the automatic subscription and allocation of funds. There is no middleman, and there is no role of investment bank and underwriter of traditional securities listing. This is a primary market. The total number of EOS coins is 1 billion, of which 900 million are distributed to subscribers and 100 million are reserved by block.one. All the funds obtained from the subscription belong to block.one company. Meanwhile, according to the subscription agreement, these funds directly become the profits of the company, and there is no other responsibility and obligation relationship with the subscribers, nor the responsibility and obligation to maintain and develop the EOS software and network. The main network of EOS will be launched by the loosely organized technology forum community, The network operation funds are automatically generated by the code rules, and new EOS tokens are issued to pay to the block procer nodes
in the process of ICO, the secondary market (exchange) is fully opened at the same time. After the completion of the subscription in the primary market, the general financing will enter the secondary market for a period of time. However, the financing cycle is as long as 350 days. The obtained Ethereum EOS token can enter the secondary market for circulation on the same day, resulting in a large number of turnover transactions, The prices of the two markets fluctuated simultaneously
after the end of ICO, the total market value of EOS was US $11 billion, ranking fifth in the list of digital currencies. BCH (US $17 billion), which is closer to fourth place, is more than twice as big as ripple (US $24 billion), which is third place. Compared with the total funding of $4.3 billion, according to the popular view of ICO, it is only three times as much
reviewing the financing of EOS, we not only set many records of ICO, but also a significant milestone in the whole history of open market financing. During the 350 day subscription cycle, 200000 people participated in ICO, accumulating 7.2 million ether coins. According to the market price of the day, the total amount reached US $4.3 billion, which is close to the total IPO amount of Google (US $2.7 billion) and twitter (US $2.1 billion). It is the largest ICO in history so far. It's very worthwhile to make a comprehensive summary. I very much hope that what I write can penetrate the surface of the facts, catch the essence hidden behind, and become a part of historical records
EOS's ICO uses Ethereum's smart contract to complete the automatic subscription and allocation of funds. There is no middleman, and there is no role of investment bank and underwriter of traditional securities listing. This is a primary market. The total number of EOS coins is 1 billion, of which 900 million are distributed to subscribers and 100 million are reserved by block.one. All the funds obtained from the subscription belong to block.one company. Meanwhile, according to the subscription agreement, these funds directly become the profits of the company, and there is no other responsibility and obligation relationship with the subscribers, nor the responsibility and obligation to maintain and develop the EOS software and network. The main network of EOS will be launched by the loosely organized technology forum community, The network operation funds are automatically generated by the code rules, and new EOS tokens are issued to pay to the block procer nodes
in the process of ICO, the secondary market (exchange) is fully opened at the same time. After the completion of the subscription in the primary market, the general financing will enter the secondary market for a period of time. However, the financing cycle is as long as 350 days. The obtained Ethereum EOS token can enter the secondary market for circulation on the same day, resulting in a large number of turnover transactions, The prices of the two markets fluctuated simultaneously
after the end of ICO, the total market value of EOS was US $11 billion, ranking fifth in the list of digital currencies. BCH (US $17 billion), which is closer to fourth place, is more than twice as big as ripple (US $24 billion), which is third place. Compared with the total funding of $4.3 billion, according to the popular view of ICO, it is only three times as much
3. 1、 EOS and graphene technology
(1) faster processing speed
first of all, as far as the underlying technology is concerned, EOS claims to be able to process tens of thousands or even millions of transactions per second. What kind of technology is used to achieve this
EOS uses graphene substrate tool to process high frequency data. Let's talk about the graphene underlay tool
graphene is actually a chemical substance. Later, blockchain developers got inspiration from the molecular structure of graphene, believing that the molecular structure of graphene can be applied to the underlying structure of blockchain. So, the graphene we are talking about now basically refers to the blockchain tool group, which is written in C + +
data show that: Based on graphene underlying technology, it can achieve an average confirmation speed of 1.5s, achieve 3300tps data throughput under limited conditions, and can reach millions of TPS, even millisecond level confirmation speed
(2) strong concurrency
in addition, EOS has strong concurrency, which is also related to the underlying architecture of graphene. Concurrency, in short, means that multiple programs can be executed at the same time
EOS is a blockchain infrastructure on which developers can build their own blockchain. Chain to chain does not affect the use of resources between each other
DAPP on EOS is independent of each other and does not affect each other. There will not be a large area of congestion e to the huge resources consumed by indivial application developers on the platform
(3) free
in addition, compared with Ethereum, the most important point of EOS is free. Free is very competitive. In the past, we had to pay fees through bank card transfer, but Alipay and WeChat appeared later. In the early stage, free transfers can be realized through applications such as Alipay and WeChat. It is believed that ring the free time, payment methods such as Alipay and WeChat were graally popularized and accepted by the public.
as we said before, Ethereum transactions need to pay gas, which means that you have to pay a certain Ethereum service charge for each transaction, but it does not need to consume EOS token to conct smart contract and transfer transactions on EOS
there are three main sources of EOS value: bandwidth and journal storage (disk), calculation and calculation backlog (CPU), and state memory (RAM). Resources are allocated according to the number of EOS held by the account, which can attract a larger number of users, so as to meet multiple business scenarios< (4) strong security
compared with Ethereum's smart contract, EOS increases security
we know that there is no legislature in the world of blockchain, so the underlying code is equivalent to the law in real life
however, when it comes to code, bugs cannot be avoided, especially for smart contracts. The harm of bugs is very great, and your digital assets will face great risks
although Ethereum has established various applications and code standards for smart contracts, they can not meet the business needs, and EOS stipulates that the task cannot be fully performed only by code
EOS believes that the source code protocol must be readable. Generally speaking, when a system error occurs, blockchain procers can distinguish what kind of bug the error is based on the readability information, and judge whether the community repair is correct through the readability information< Second, consensus mechanism of EOS: dpos
the consensus mechanism adopted by EOS is "dpos", which means "proof of entrusted rights and interests" in Chinese
Ethereum uses POS (proof of equity). In short, the more money you hold, the more rights you will have in Ethereum
then, EOS proposes dpos on the basis of Ethereum POS (proof of equity), that is, it adds a "Commission" before the proof of equity, to whom? Delegate to the supernode
in the setting of EOS, the super node of EOS should be selected from 100 standby nodes through voting by all users holding money, and finally 21 nodes with accounting rights will be selected
this is a bit similar to the "people's Congress system" in our country. A deputy to the people's Congress represents the interests of a group of people; A super node represents the interests of a group of ordinary nodes. In dpos, there is no need to solve the hash function, but the procer is elected by the holder. Therefore, compared with pow, the efficiency of dpos mechanism in dealing with transactions has been greatly improved
however, there are some defects in dpos. It needs to solve the problem of community voting enthusiasm and rece the number of nodes in order to speed up the voting process, thus aggravating the "centralization" problem
the above advantages enable EOS to rise rapidly, especially in China, the strength of EOS community is very huge
in fact, it's useless for most people to tell them how powerful EOS technology is and how much better it is compared with Ethereum and bitcoin, because it's more about how much dividend you can get from it
three what makes people say EOS is a bubble?
obviously, EOS gives people the hope to get a huge dividend. What hope
with the rapid rise of EOS, people can see the real hope of DAPP application in blockchain. People are eager to hoard enough EOS and get more chips before the large-scale outbreak of DAPP, and then wait for its price to rise tenfold, hundredfold, thousandfold...
however, the answers submitted by EOS are not so satisfactory. In terms of transaction speed, EOS can actually process thousands of transactions per second, which is far from the "million level" described in the publicity
although DAPP has really appeared, it is basically similar to "capital disk" projects or simple games with low operability and poor experience
some time ago, there was a rumor that BM, the founder, was suspected of "abandoning the ship" and running away
BM, speaking in the EOS telegraph group, said: it intends to break the original design, abandon the original consensus mechanism of EOS, and redesign a system that can perfectly solve the problems of centralization, privacy and capacity expansion. This new design will reach tens of millions of TPS...
it's hard to say the future direction of EOS, The reason why the killer DAPP didn't appear can't all be attributed to EOS, which involves the constraints of policy, development team and so on
however, compared with bitcoin and Ethereum, EOS has made some progress and innovation, so we say it is the representative of the blockchain 3.0 era.
(1) faster processing speed
first of all, as far as the underlying technology is concerned, EOS claims to be able to process tens of thousands or even millions of transactions per second. What kind of technology is used to achieve this
EOS uses graphene substrate tool to process high frequency data. Let's talk about the graphene underlay tool
graphene is actually a chemical substance. Later, blockchain developers got inspiration from the molecular structure of graphene, believing that the molecular structure of graphene can be applied to the underlying structure of blockchain. So, the graphene we are talking about now basically refers to the blockchain tool group, which is written in C + +
data show that: Based on graphene underlying technology, it can achieve an average confirmation speed of 1.5s, achieve 3300tps data throughput under limited conditions, and can reach millions of TPS, even millisecond level confirmation speed
(2) strong concurrency
in addition, EOS has strong concurrency, which is also related to the underlying architecture of graphene. Concurrency, in short, means that multiple programs can be executed at the same time
EOS is a blockchain infrastructure on which developers can build their own blockchain. Chain to chain does not affect the use of resources between each other
DAPP on EOS is independent of each other and does not affect each other. There will not be a large area of congestion e to the huge resources consumed by indivial application developers on the platform
(3) free
in addition, compared with Ethereum, the most important point of EOS is free. Free is very competitive. In the past, we had to pay fees through bank card transfer, but Alipay and WeChat appeared later. In the early stage, free transfers can be realized through applications such as Alipay and WeChat. It is believed that ring the free time, payment methods such as Alipay and WeChat were graally popularized and accepted by the public.
as we said before, Ethereum transactions need to pay gas, which means that you have to pay a certain Ethereum service charge for each transaction, but it does not need to consume EOS token to conct smart contract and transfer transactions on EOS
there are three main sources of EOS value: bandwidth and journal storage (disk), calculation and calculation backlog (CPU), and state memory (RAM). Resources are allocated according to the number of EOS held by the account, which can attract a larger number of users, so as to meet multiple business scenarios< (4) strong security
compared with Ethereum's smart contract, EOS increases security
we know that there is no legislature in the world of blockchain, so the underlying code is equivalent to the law in real life
however, when it comes to code, bugs cannot be avoided, especially for smart contracts. The harm of bugs is very great, and your digital assets will face great risks
although Ethereum has established various applications and code standards for smart contracts, they can not meet the business needs, and EOS stipulates that the task cannot be fully performed only by code
EOS believes that the source code protocol must be readable. Generally speaking, when a system error occurs, blockchain procers can distinguish what kind of bug the error is based on the readability information, and judge whether the community repair is correct through the readability information< Second, consensus mechanism of EOS: dpos
the consensus mechanism adopted by EOS is "dpos", which means "proof of entrusted rights and interests" in Chinese
Ethereum uses POS (proof of equity). In short, the more money you hold, the more rights you will have in Ethereum
then, EOS proposes dpos on the basis of Ethereum POS (proof of equity), that is, it adds a "Commission" before the proof of equity, to whom? Delegate to the supernode
in the setting of EOS, the super node of EOS should be selected from 100 standby nodes through voting by all users holding money, and finally 21 nodes with accounting rights will be selected
this is a bit similar to the "people's Congress system" in our country. A deputy to the people's Congress represents the interests of a group of people; A super node represents the interests of a group of ordinary nodes. In dpos, there is no need to solve the hash function, but the procer is elected by the holder. Therefore, compared with pow, the efficiency of dpos mechanism in dealing with transactions has been greatly improved
however, there are some defects in dpos. It needs to solve the problem of community voting enthusiasm and rece the number of nodes in order to speed up the voting process, thus aggravating the "centralization" problem
the above advantages enable EOS to rise rapidly, especially in China, the strength of EOS community is very huge
in fact, it's useless for most people to tell them how powerful EOS technology is and how much better it is compared with Ethereum and bitcoin, because it's more about how much dividend you can get from it
three what makes people say EOS is a bubble?
obviously, EOS gives people the hope to get a huge dividend. What hope
with the rapid rise of EOS, people can see the real hope of DAPP application in blockchain. People are eager to hoard enough EOS and get more chips before the large-scale outbreak of DAPP, and then wait for its price to rise tenfold, hundredfold, thousandfold...
however, the answers submitted by EOS are not so satisfactory. In terms of transaction speed, EOS can actually process thousands of transactions per second, which is far from the "million level" described in the publicity
although DAPP has really appeared, it is basically similar to "capital disk" projects or simple games with low operability and poor experience
some time ago, there was a rumor that BM, the founder, was suspected of "abandoning the ship" and running away
BM, speaking in the EOS telegraph group, said: it intends to break the original design, abandon the original consensus mechanism of EOS, and redesign a system that can perfectly solve the problems of centralization, privacy and capacity expansion. This new design will reach tens of millions of TPS...
it's hard to say the future direction of EOS, The reason why the killer DAPP didn't appear can't all be attributed to EOS, which involves the constraints of policy, development team and so on
however, compared with bitcoin and Ethereum, EOS has made some progress and innovation, so we say it is the representative of the blockchain 3.0 era.
4. It depends on which way. From the perspective of function, they are the trading media of the platform; From the instry point of view, seal does financial services vertically, but EOS and Ethereum are not. Any instry that wants to use blockchain to do things can be related to them; In terms of fame, seal is certainly less famous than EOS and Ethereum; From the perspective of investment, the appreciation space of the mainstream digital currency is certainly not as big as that of the emerging one. How to say, the difference depends on the angle.
5. Eth is still the strongest public chain with the best comprehensive strength, and its popularity and investment risk are second only to bitcoin. EOS is better in performance, but there are many technical security defects, which do not prevent it from being one of the best public chains. I personally think that God V may be the first to realize the talent of technical prodigy. After all, ETH team has been developing, researching and making breakthroughs; BM has never been disappointing in terms of disappointment.
6. Among the hot topics of blockchain, EOS has always been one that can not be ignored, and the saying "EOS surpasses eth" has always been heard. Before we all focused on the calculation speed, concurrent processing and so on. This paper explains the difference between EOS and eth from more angles, and also shows the author's point of view, that is, if the EOS project is successfully implemented, the public chain is online, and the normal operation, EOS is the killer to eth, it is possible to achieve.
7.
The issue of EOS and Ethereum is a hot topic in the whole instry. Some support EOS and some support Ethereum
at present, although the main network of EOS has been online, it still needs to be improved in many places. At present, Ethereum is still in a dominant position
The Ethereum community of God V is not willing to be outdone to develop new technologies to change the shortcomings of Ethereumtherefore, whether Ethereum or EOS will win in the future, or whether a chain will surpass both, there is no definite number
for the questions about EOS and eth, you can see some opinions of the instry leaders (hundreds of celebrities talk about the "EOS" website link), and maybe you can find the answer
8. It's very simple, because Ethereum itself is a smart contract. It's easy and efficient to open on the main chain of Ethereum, and it has a mature technical framework. The development goal of EOS is to build a blockchain operating system based on Ethereum.
9. There is no standard answer. If the choice is progress, it is only because some measures adopted by Napoleon (promulgating the civil code) are adapted to the development of capitalist economy in France and are the extension and continuation of the French Revolution. If he chose to retreat, it was only because Napoleon abolished the republican system, established an empire, and launched a war of aggression against foreign countries.
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