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Differences between Ethereum, EOS, TRON: Which platform is better?

Mon May 31, 2021 1:20 pm

Competitions in the cryptocurrency market are becoming increasingly fierce. Over time, thousands of digital currencies have emerged and are improving each day to beat other competitors.
As there are many options, it is difficult for a new investor to decide in which currency he should invest. Since a wrong decision can lead to a loss of all your money invested, a well-researched decision needs to be made.
In this article, we will make a comparison between three of the most popular currencies on the market.
The currencies to be compared in this article are Ethereum, EOS, and TRON. So, let's make a detailed comparison between these three cryptocurrencies based on different factors:
History of Ethereum, EOS, and TRON:
Ethereum was initially proposed by programmer Vitalik Buterin in late 2013, marked its market debut on July 30, 2015, with a large collection of about 3/4 of the total offering in 2018. On the other hand, the foundation of EOS was proposed in 2017, reaching the market on June 1, 2018, as open-source software. Meanwhile, TRON was founded in September 2017 by Justin Sun. A year later, in June 2018, TRON launched its mainnet network.
So, if these three are compared based on history, Ethereum is the oldest to enter the market, while EOS and TRON came on the market at the same time.
Current position and market price:
If we talk about Ethereum, it is the second-largest cryptocurrency in the capitalization market, surpassed only by bitcoin. The current value of an Ethereum is R $ 429. The market capitalization is R $ 44 billion and occupies about 10.57% of the total cryptocurrency market.
EOS is new to the market, the current value of an EOS is R $ 9.00. It occupies about 1.91% of the total and the market value of EOS is R $ 9 billion.
TRON is behind, its value is R $ 0.11 and has a market value of R $ 7.0 billion. It occupies a total share of around 1.66% of the total.
So, compared, Ethereum has the best performance compared to the other two.
Consensus mechanism
Ethereum focuses on decentralized applications. Or, in simple words, it is more decentralized than EOS and TRON. It aims at the democratization of smart contracts.
EOS focuses on an easy and efficient way to trade an asset. The algorithm focuses on delegations (usually 21). These delegations participate in the confirmation of the blocks.
While the third, TRON token development has a consensus mechanism that works in a way that 21 supernodes are responsible for managing the entire network. Supernodes are elected by TRX token holders. In a nutshell, TRON aims at a web interface embedded in the blockchain.
Programming languages ​​used
All three currencies mentioned use different programming languages ​​from the development perspective. For EOS, the developer needs to have adequate knowledge of C ++ if he wants to develop the smart application using this platform.
If you want to develop your application using the TRON platform, you must know of one of the famous 'Java' programming languages.
Ethereum, in contrast to the others, does not use a popular programming language. So, if you want to embed Ethereum in your smart app, you will have to learn 'Solidity' before using this blockchain technology.
Thus, all three platforms use different languages, where the newer ones use the popular programming language and the older one uses a new language.
Competition
Ethereum has dominated the market for a long time. But now, after the evolution of new platforms like EOS and Tron, it is facing very strong competition.
All three have their own merits and disadvantages. Ethereum has maintained its position for a long time in the industry, EOS, on the other hand, is giving Ethereum a hell of a job. EOS is cheaper, faster, and provides all the facilities that ethereum offers, but the difference is the best quality.
The development of Tron is massive. TRON has its market, unlike EOS. It focused on the development of a decentralized web interface. TRON's ambitions are very beneficial to the market.
EOS and TRON started on the market as Ethereum's ERC-20 tokens, but have now changed significantly.

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