Probably every investor who wants to invest in third generation cryptocurrencies has met Cardano and EOS. These are two of the most active and discussed projects. A few weeks ago, the two currencies occupied two positions on the first 3 cryptocurrencies of the future by the Weiss rating and classification agency for equities, banks, ETFs and mutual funds. This company has been around since 1971 and its word is reputable. In the cryptographic market, coins hold the 5th and 9th place. These statistics show how competitive and robust the coins are in trying to dethrone Ethereum. By improving the shortcomings of Ethereum, the projects believe that they can become the best projects in terms of scalability, sustainability and safety. In a market that changes for better or worse in hours, it is good to know which one to undertake for the long term.
EOS; The project, the team and the partnerships
The EOS project was created by Dan Larimer who was trying to create a network that supports decentralized industrial scale applications. So, very similar to Ethereum. However, since its launch, the project has been dubbed "Ethereum killer" and this because of the two main differences it has with Ethereum. It has no transaction costs and has the capacity to support millions of transactions in a second.
Any Dapp looking for mass adoptions knows that to really get ahead of the competition, scalability is vital. For this reason, many developers have looked to EOS over Ethereum. Secondly, to create dapps on Ethereum it is necessary for developers to pay, commonly referred to as "gas". With EOS it is absolutely free for developers to use the blockchain network.
In addition to the two major updates, EOS comes forward as it enables parallel performance in Dapps. This saves time and distributes the workload. EOS also uses consent to the stake test, unlike the more popular consensus on the test report found in Ethereum.
In recent months, the project has seen some important partnerships. More recently, the project collaborated with FinLab AG, a German fintech company that will see its $ 100 million loan to support outreach and future EOS projects.
At the time of writing this article, EOS ranks as the fifth largest cryptocurrency traded at $ 5.6 with a market cap of just over $ 5 billion. The currency has seen a price increase of 4.56% in the last 24 hours.
Cardano; The Team And Partnerships project
Cardano was created by the outspoken Charles Hoskinson. He is one of the most active people in the cryptocurrency space and he likes to keep Cardano users up-to-date with developments occurring within the project. Before entering his work, it is important to remember that the project will celebrate its first anniversary since it launched its mainnet on 29 September. Charles did not let the moment go unnoticed and wanted to remind users of the "celebrations around". the world "that will happen." As for him, he will be celebrating in Japan where he is currently working on project offers.
The significance of Charles for the success of this project can not be underestimated. He was one of the original founders of Ethereum, but later abandoned the project following disagreements. He has extensive experience on the work of Ethereum and knows what needs to be improved.
The Cardano project is similar to Ethereum but uses the Proof of Stake algorithm to improve speed. The project does this without compromising the decentralization and security of the network.
Hoskinson has always been a critic of EOS stating that the project compromises decentralization, which beats the whole point of its creation.
This year the Cardano project collaborated with major companies such as Google and was listed on several exchanges. The most recent is OkCoin, which announced this month that would list Cardano among the other cryptocurrencies on its platform.
At the time of printing, the currency is trading at $ 0.082401 with a market capitalization of just over 2.1 billion. The price is an increase of 2.02% in the last 24 hours.