A Detailed Comparison Between EOS and Tron || Blockchain and Platforms by @alphafx
DPOS introduced by Dan Larimar has been of great addition in the blockchain world. A lot of blockchain project uses this concensus mechanism ranging from Steem, EOS, TRON, Bitshares and so on.
After going through the class by @alphafx, I decided to participate in his assignment. The topic being;
> Give a detailed comparison between two blockchain platforms of your choice.
In this post, I will be comparing two DPOS project"EOS" and "TRON".
EOS
Eos, a decentalized blockchain operating system that allows decentralized applications (DApps) to be built. It allows for both individuals and organizations to build their own decentralized Application. Launched in June 2016 by Brendan Blumer and Dan Larimer amongst others, It had a successful ICO where 700 million EOS coins were sold, raising over $4 billion.
The objective of EOS is to make sure transactions are performed faster and fees are eliminated as users will stake EOS as RAM and CPU which would be used to perform transactions.
Tron
Tron is a decentralized platform that gives autonomy to content creators eliminating the middlemen, and allowing the transfer of content at a cheap price. Tron was launched in 2017 by Tron foundation who’s CEO is Justin Sun. The Tron Blockchain has a native coin known as Tronix (TRX). Tron allows Dapps to be created on its blockchain and it has allowed the creation of many Defi apps.
Tron’s Delegated Proof of Stake (DPOS) allows the election of 27 Super Representatives who produces blocks on the blockchain. With Tron, Users can stake TRX as Energy and Bandwidth, after which users can perform transactions freely.
Comparison between EOS and Tron Blockchain
These two blockchain platform look similar but then there are a lot of differences between them such as the number of block producers, and so on. I will be looking into these comparisons soon.
Features | TRON | EOS |
---|---|---|
Coin | Tronix (TRX) | EOS |
Consensus Mechanism | Delegated Proof-of-Stake (DPOS) | Delegated Proof-of-Stake (DPOS) |
Transactions Per Second (TPS) | 2000 | 4000 |
Block Time | 3 Seconds | 0.5 Second |
Number of Block Producer | 27 BPs | 21 BPs |
Transaction Fee | Users have 5000 free bandwidth or pay for transactions with TRX in Balance | Staked EOS allows for free transaction. |
Account Creation | Free | Paid |
Number of dApps | 1200+ | 570+ |
Conclusion
Thanks to @alphafx for the class. EOS and Tron are great blockchain platforms and although, EOS hasn't been in the news for a while now it still has a lot of potentials.
Scoring
Thanks for participating.