EOS vs Ethereum - who's the ultimate Bitcoin replacement?

in #cryptocurrency6 years ago

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While Ethereum has largely dominated the 2nd place of the crypto market by being the first crypto with the smart contract functionality, it has yet to overtake Bitcoin in terms of market cap. Yet at the same time EOS is catching up with Ethereum as it appears to possess a killing feature which both Bitcoin and Ethereum dont have - the capability to reach general adoption level scalability.

Bitcoin is only capable of acheiving 7 transactions a second, Ethereum around 15, but EOS has the power to achieve up to more than 1000 transactions a second. This differentiation is critical in terms of wider general adoption, as end users would ultimately choose a coin that could be transfered quickly without any hold up or delay in the network.

Having said that, as of now, although EOS had just launched its mainnet, it does not have a functioning end product like Ethereum. Neither does EOS have the prestige brand recognition to its name like Bitcoin.

Will application developers shift from developing off the Ethereum blockchain to EOS? Or would the general public dip thier hands into EOS instead of Bitcoin when they buy their first crypto? Let's give it 3-6 months, and the momentum of the market should give us the answer.

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