The concept of rivalry is old and can be found in all aspects of life and business. Despite the fact that cryptocurrencies are still considered as a new technology, they also already have several rivalries within the market. The biggest, of course, is that of NEO vs EOS.
Although the two projects are quite different one from the other when you dig deeper, these two are stuck in a competition with the goal of replacing Ethereum. Over time, the goal of killing ETH has become as important for the coin communities as the development of the coins themselves.
EOS took a big step when he managed to overcome Litecoin on CoinMarketCap's biggest coin list. This happened months ago and EOS managed to keep the fifth place despite the bearish market of 2018.
NEO, on the other hand, is very similar to the same ETH in many respects. It has come to be like AntShares, but it is soon renamed into a new form, which is NEO that we all know and love today. It has become a platform focused on the creation of dApp and threatens to replace Ethereum in this sense. While Ethereum remains the second largest coin, many have criticized its dApp, arguing that they lack quality, although their number is far higher than that of NEO or EOS.
Even so, ETH still holds the title and remains the top blockchain in the development of dApp. However, this may not always be the case, and many believe it will eventually be overtaken by one of the two rivals.
NEO vs EOS: who will kill ETH first?
To see which project has the best chance of replacing ETH, we should first take a look at their performance. Ethereum, for example, works very badly, although it is officially the second largest coin. Since it was launched, it has always been able to process around 15 TPS. Although it works twice as good as Bitcoin, this is still a big problem of scalability.
As a result, currency taxes have skyrocketed since then.
On the other hand, there is EOS. Despite being started as an ERC-20 token on the Ethereum network, it is still able to process around 1000 TPS, thanks to its MainNet. Then, there is NEO, which can reach up to 10,000 TPS, which ETH can not even dream of. This makes NEO the fastest alternative to ETH.
On the other hand, EOS has no transaction fees, which makes it better than NEO and ETH about it.
Now that we have finished performance, it is time to take a look at their technology. One thing that makes these three platforms the same is their desire to dominate the development of dApps. Often Ethereum is considered responsible for their popularity. Although, for a long time, ETH uses PoW, which is responsible for its scalability problems.
There are plans for ETH to implement new technologies, probably Zilliqua's Sharding technology, and if so, its scalability will probably improve.
NEO, on the other hand, uses a delegated Byzantine fault tolerance mechanism, which is basically an improved version of PoS. This is a much more practical solution, which is responsible for the NEO being more scalable than ETH.
Finally, EOS uses pure PoS, which allows it to be faster than ETH, but is still behind NEO. Once again, NEO wins the comparison
The market situation
While NEO has proved to be superior in almost every aspect so far, this is the area where you seriously lose both for ETH and for EOS. Ethereum was the second cryptography for years surpassed only by Bitcoin. Behind c & # 39; is EOS in fifth place, which is the post he held for a few months, since he passed Litecoin. However, NEO is not even in the top 10 anymore.
Instead, the coin is barely balanced on the 14th place at the moment. Although, it is not unusual to see him sink to the rank of 15 from time to time. Obviously, despite all its flaws, Ethereum still manages to keep the title and success. Meanwhile, the rivalry between NEO and EOS continues, with both the coins having their strengths and weaknesses, and both try to be the one who will definitely kill Ethereum.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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