The three main cryptocurrencies that focus on smart contracts and decentralized apps are Ethereum, EOS and TRON. EOS and TRON target the gaming and gambling industries and app usage, which is mainly dominated by gaming / gambling dApps.
Like Ethereum, EOS.IO is a blockchain technology for the use of decentralized applications and decentralized autonomous companies. EOS is currently the fifth largest cryptocurrency by market cap of $ 2.51 billion (at press time).
TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. In terms of market capitalization, it currently ranks 26th on the list of cryptocurrencies.
Here’s a look at some of the comparisons between the EOS and TRON’s features:
|
EOS |
TRON |
|
|
Consensus algorithm |
Delegated POS |
Delegated POS |
|
Transaction throughput |
4000 deal / s |
2000 deal / s |
|
Block production |
0.5 s |
15 seconds |
|
Worst-case confirmation time |
1 second |
1 blocks |
|
Smart contract |
C ++ |
Different programming languages |
|
Wallet signature algorithm |
Elliptic curve cryptography |
Lamport algorithm |
|
Transaction mode |
Account-based model |
UTXO and local cache account information |
|
Wallet trading platform |
Pc |
Cell phone, mobile phone |
EOS
EOS uses Delegated Proof of Stake (DPOS) plus BFT algorithm for the consensus mechanism. DPOS is the fastest, most efficient and decentralized POS mechanism. It uses a reputation system and real-time voting to reach consensus. The blockchain is validated by a number of master nodes. The authority in the network is delegated to each member and no single party can control the entire process.
EOS Block Producer (BP) collects transactions in the network, creates blocks and sends the blocks to other producers. There are 21 block producers, also called supernodes, and they will keep changing. The BPs use optimized hardware and are only synchronized with these 21 parties and not with the entire network. Block producers receive block rewards and network prestige in return for their work.
Block validators are full nodes that validate the blocks created. A full node is a program that fully validates transactions in blocks and we only need 14 nodes to confirm transactions.
EOS Supernode produces – 6 blocks with a block time of 0.5 seconds and a total of 126 blocks (21 * 6) at 63 seconds (126 * 0.5 seconds).
TRON
The TRON uses an innovative DPOS system in which 27 Super Representatives (SRs) produce blocks for the network. Voters can select SRs based on criteria such as: B. SR sponsored projects to increase TRX adoption and reward the distributed TaPOS consensus mechanism.
In TaPOS, the network requires that every transaction contain part of the hash of a current block header. This requirement prevents transactions from replaying on forks that do not include the referenced block.
EOS not decentralized compared to ETH and TRON
EOS is slightly centralized for scalability reasons. Since there are only 21 block producers verifying all transactions, it takes a relatively small number of agents to reach consensus rather than waiting for thousands of nodes. This improves the scalability of EOS max 4000 transactions per second.
EOS BP was accused of buying votes – block producer Starteos, a China-based startup, offered to share its profits with users. On November 27th, Starteos published a post on its Medium page with the title “We will share BP issues with you – this is how we warm you up this winter”! The team added: “After you have delegated Starteos.io as a proxy, you could generate continuous and stable EOS income.” The community members opposed the EOS BP.
EOS and TRON scalability and Dapp users:
According to data from dappradar.com, the top 5 EOS Dapps together have almost 23,000 daily active users, which is almost twice as high as compared to Ethereum Dapp users. The large dApp usage in EOS is mainly due to the fact that it can process a larger number of transactions per second (TPS) (up to 4000 tps) compared to TRON (2000 tps) and Ethereum (15 to 25 tps).
EOS dApps
|
Surname |
category |
User 24h |
|
Highlands |
NFT |
68503 |
|
Yup |
Social |
10243 |
|
Prospectors |
Games |
2036 |
|
Blockchain cutie |
NFT |
153 |
TRON dApps-
|
Surname |
category |
User 24h |
|
Sun swap |
Exchanges |
383000 |
|
Bright |
Gambling |
181000 |
|
Just borrow |
Defi |
505 |
|
Kraftly |
Collectibles |
393 |
EOS VS TRON dApps comparison
|
platform |
Dapps overall |
Daily active users |
Transactions (24h) |
Volume (24h) |
|
EOS |
331 |
81.47K |
508.2K |
72.48K |
|
TRON |
88 |
1.45K |
4.82K |
2.4 m |
According to the rankings of State of the Dapps, the majority of the dApps in the top 10 of the dApps are based on Ethereum (50%), those of EOS at 20% and TRON (0%). Upland and Yup from EOS share the first and last place.
Advantages of the EOS blockchain:
EOS prioritizes scalability and performance over decentralization. It can handle 1000-4000 per second with no transaction costs.
The downside of the EOS blockchain:
The main disadvantage of the EOS blockchain is the lack of decentralization and could prevent dApp developers from using the EOS platform. Another setback is the complicated wallet setup and users find it difficult to understand the platform’s RAM and CPU protocol.
Advantages of TRON over EOS
The TRON platform is friendly and far better than EOS. It’s easy to create an account, choose a username, and start trading.
EOS faced many security issues after the Mainnet was released. It’s complicated to create an account in EOS. It is more centralized compared to TRON.
The height of the TRON blockchain exceeded 36.36 million with a total of 13,332 nodes across the network. The total number of accounts on the TRON mainnet reached 67,051,820 with 11,156,049 new accounts added this week. The total number of transactions on TRON reached 2.68 billion, and 21 million new transactions were recorded this week.
Technology-
EOS: The observed short-term resistance is at $ 3.893 as of Dec. 8, 021, with any excess being targeted at $ 4.40 ($ 5.50). On the downside, the significant support is around $ 2.80; Breach down pulls the pair lower at $ 2.40 / $ 2.
TRON
The pair is down more than 40% from a small top of 0.1292 that was formed on November 15, 2021. On the higher side, immediate resistance is around 0.10188, a move past the past will bring TRON to the November 15th high and to $ 0.179890 (April 12th 2021 high). Significant weakness is just below $ 0.045.
Conclusion:
Both cryptos show promise in the gaming and gambling industries, but TRON has better advantages compared to EOS. EOS has good scalability, but security issues, not user-friendliness, and centralization are issues of concern.
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