The disadvantages of Ethereum compared with EOS
Publish: 2021-04-27 01:51:00
1. BHT is now a kind of currency. It seems that there is a chemical name for the token name of a good exchange. What's the name? Forget it. It's too complicated!
2. EOS's vision is to become a public chain that can run a large number of commercial applications, and its core feature is "commercial"
in order to ensure decentralization and security, current public chain projects such as bitcoin and Ethereum have certain limitations in block scalability. Although the introction of Ethereum's smart contract has greatly enriched the application of blockchain, it also reces the threshold of issuing coins, making Ethereum's network very congested. Many existing public chains have the problems of slow network transfer speed, high cost, low concurrency or poor stability, which can not support the operation of real large-scale commercial applications
according to the white paper of EOS, EOS adopts the graphene block chain architecture, and the bft-dpos consensus mechanism reces the number of verification nodes, but makes the scalability of EOS significantly enhanced, and can support fast transaction processing speed. At present, bitcoin system can transfer about 7 times per second, while Ethereum can transfer 15 times per second; In contrast, EOS's white paper says it is expected to reach a million level TPS in the future
in addition, EOS provides a good development environment for users and developers. The transaction on EOS network does not need to charge service charge, which improves the user experience and makes it easier to attract users; EOS provides developers with a friendly underlying mole, which can support a variety of programming languages and rece the difficulty of DAPP development. Developers can focus more on the function implementation of the developed application.
in order to ensure decentralization and security, current public chain projects such as bitcoin and Ethereum have certain limitations in block scalability. Although the introction of Ethereum's smart contract has greatly enriched the application of blockchain, it also reces the threshold of issuing coins, making Ethereum's network very congested. Many existing public chains have the problems of slow network transfer speed, high cost, low concurrency or poor stability, which can not support the operation of real large-scale commercial applications
according to the white paper of EOS, EOS adopts the graphene block chain architecture, and the bft-dpos consensus mechanism reces the number of verification nodes, but makes the scalability of EOS significantly enhanced, and can support fast transaction processing speed. At present, bitcoin system can transfer about 7 times per second, while Ethereum can transfer 15 times per second; In contrast, EOS's white paper says it is expected to reach a million level TPS in the future
in addition, EOS provides a good development environment for users and developers. The transaction on EOS network does not need to charge service charge, which improves the user experience and makes it easier to attract users; EOS provides developers with a friendly underlying mole, which can support a variety of programming languages and rece the difficulty of DAPP development. Developers can focus more on the function implementation of the developed application.
3. 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
4. Ethereum focuses on smart contract and Turing. EOS is based on blockchain operating system. Ethereum and EOS are two top blockchains. At present, there are bottlenecks in blockchain technology and narrow application fields.? LF cluster + cloud server is the most advanced blockchain 3.0 at present. Focusing on different blockchain projects such as public chain, storage chain, Im chain, asset chain and application chain, the advantage lies in resource isolation: each smart contract has its own blockchain, and the governance and development of proxy voting system of token holders has the most development prospect.
5. Compared with EOS, EOS provides standardized nodes, which can only run on one server and use up to one server's CPU. The idea of aelf is to provide programs that can run on the cluster or on the cloud. Due to the lateral expansion ability of nodes, adding machines can be formed when running on a cluster. Through several core accounting nodes to establish a robust network, core accounting nodes compete with each other, the faster the node is, the better, through benign competition to continuously improve the performance of the whole network. Compared with Ethereum: first, the overall performance and TPS of Ethereum blockchain are very low; Second, resources are not isolated. When a certain contract crowdfunding is very popular, Ethereum network will block and other contracts cannot be executed, which directly causes Ethereum network users to be unable to carry out timely transactions; The third problem is reflected in the governance structure, who does this blockchain belong to, how does it develop, and how to solve the bifurcation problem.? LF emphasizes the pure decentralized network, whether it is the resource isolation scheme or the performance expansion scheme, it strictly abides by the decentralized logic,? LF supports multi-level side chain, and token is used as the main token of side chain for value circulation on all side chains. There is circulation between the side chain and the main chain, and the asset side chain is connected to the main chain.
6. 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.
7. 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.
8. BTC, Eth and EOS are all digital currencies, and they are relatively stable and popular mainstream digital currencies at present. EOS is developed based on Ethereum algorithm, and the currency circle now generally believes that the price of EOS in the future will exceed eth. EOS has been running super node election for a while ago until now, so it has an independent market, and the rise and fall do not follow the trend of bitcoin. However, the market has weakened recently, so it is suggested to wait and see
9. When we talk about blockchain, we mean the blockchain technology, which is an architecture design method to realize the open, transparent and traceable data of procts. It can be regarded as a broad blockchain. With the graal growth of blockchain technology, it is more and more difficult to be ignored by the general public. The business community will pay more and more attention to blockchain technology. At present, many blockchain technology development enterprises, Renren chain is one of the more prominent blockchain system development service providers. Blockchain technology can be fully used in value storage, transaction process and payment. Compared with traditional financial institutions or intermediaries, blockchain system can complete fund transfer at a lower cost and higher speed in domestic or cross-border transactions.
10. Take EOS as an example, the biggest constraints are CPU, net and ram. Some people in the instry think that even if the CPU will be improved dozens of times in the future, RAM will be limited by a single server. Some people in the instry think that whether it is the public chain of Ethereum and EOS, it is difficult to achieve the ideal state of relying on a public chain to solve the problems of high performance, high concurrency and decentralization. If there are still possibilities for breakthroughs, and technological breakthroughs are accumulated bit by bit, I think boscore is still promising. BOS is exploring a horizontal expansion scheme based on multiple "computing areas", which is a great innovation compared with the slicing technology of EOS. For details, you can visit the official website on the Internet
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