Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
Like a good number of other altcoins, EOS has pitted itself against Ethereum. In fact, it was described as the Ethereum killer. The creators of EOS network plan to solve the scalability issue by using asynchronous communication and parallel processing of information.
EOS tokens model has turned off investors because of its limited usage platform. This has been met with much controversy. There is no transaction fee on EOS, developers will need EOS tokens to make DAPPs operational. Also, accounts need to have some EOS tokens to be operational and to interact with the network. The company has created a schedule for delivering EOS tokens and it is unclear how well this model will be accepted by the market.
The creators of Ethereum didn’t include any features for interface development, role-based permissions or any other functionality. In a way, the Ethereum platform has no features meaning that if a project wants to create and implement certain features, it will have to use Ethereum to build these features from scratch. Ethereum does allow for it, but it doesn’t provide any such features by design. This is the main difference between Ethereum and EOS.
The developers of EOS want to create an elaborate platform that would allow for both vertical and horizontal growth of decentralized applications. They recognize that many different decentralized applications need and want to use the same features. This is why the EOS software aims to provide developers with such tools as databases, user roles and authentication functionality, scheduling of applications across multiple devices, user accounts and more.
There are several problems that have faced EOS since they launched.
- Inability to learn from past mistakes which come in the form of a lack of a governance model that led to the Bitcoin scaling deadlock and Ethereum DAO hard fork.
- Reliance on mining which is wasteful regarding capital and electricity. This may prove to be a crippling disadvantage.
- Users pay fees to interact with the platforms and applications.
- Limited capacity at 30 and 9 transactions per second for Ethereum and Bitcoin respectively.
EOS is a decentralized blockchain platform for decentralized applications and smart contracts. It uses a delegated proof of stake consensus mechanism to process transactions.