In the future, will content creators be able to beat scalability? The race is on as these two blockchains vie for supremacy in the online content creation space.
The undervalued crypto 2020 is a question that has been asked many times. Can content creation beat scalability?
If blockchains are to be the future’s means of computing and mass data management, they’ll need to go beyond just providing us with cryptocurrencies to HODL, gamble, trade, and become billionaires with. It has to be useful in some way, whether it’s for dull things like money, games, or other kinds of enjoyment like social networking. In that scenario, how do EOS and Tron stack up as two essential building pieces for our decentralized future?
They’re both set to be the underlying foundations for the world’s numerous platforms and services, driven by high-performance and highly flexible blockchains, and both promise strong smart contracts and the capacity to build world-class dApps. Would you like EOS’ emphasis on creating highly scalable blockchains for businesses or Tron’s thriving content production and consumption ecosystem? So, check out our EOS versus Tron comparison to see which one takes the lead in the blockchain warfare.
Table comparing EOS and Tron
Main Differences Between EOS and Tron
Although both EOS and Tron provide blockchains for the creation and execution of smart contracts as well as the development of decentralized apps on a wide scale and at a cheap cost, their areas of emphasis vary somewhat. Enterprises and institutions that need a high-performance blockchain to manage mission-critical data are the primary users of EOS. Tron, on the other hand, is focused on content production, consumption, and sharing, as well as the entertainment industry as a whole.
What Is EOS and How Does It Work?
EOS is a blockchain technology that aims to provide high-performance smart contracts and decentralized apps (dApps) while also attempting to build a blockchain network that can achieve mass market and mainstream acceptance. In some respects, EOS is similar to Ethereum or Cardano, whose blockchains are very flexible, modular, and reprogrammable to fit any use case, from decentralized banking to blockchain-based games.
With this in mind, EOS’s open-source blockchain, which was developed with the help of Block.one and EOS.IO, is designed to be simple to build and deploy, as well as endlessly scalable to meet future network expansion and computing demands. Its user-friendliness contrasts with a blockchain designed for businesses that need a blockchain that is both reliable and safe enough to prevent malicious attacks on critical data.
What Makes EOS So Different?
In our EOS vs Tron comparison, we can see that EOS is a highly versatile and customizable blockchain, as shown by the large number of distinct dApps available on DappRadar, including DeFi services, gaming, social networking, and more. As a result, it’s not only for companies or institutions. In any case, one of EOS’ major USPs is its potential to address some of Ethereum’s issues. This is mostly in relation to scalability concerns.
While Ethereum’s blockchain can only manage around 15 TPS (transactions per second), EOS’s network could easily handle 1,000 TPS. It has already been seen running at 10,000 TPS, with 50,000 TPS possible under more optimal circumstances. The EOS network’s blockchain may be able to handle “millions” of transactions per second with future upgrades. This should be able to attract more popular platforms that are looking for greater space to expand today.
The usage of Graphene, a specifically developed processing program that utilizes parallel computing on the EOS blockchain, is a major enabler of extremely high throughput rates. EOS’ parallel processing, often known as ‘horizontal scaling,’ splits ordinary transactions and smart contract execution across various processors. This is a significantly more efficient method of processing huge amounts of data inside the blockchain when combined with multithreading capabilities.
What Else Can EOS’ Blockchain Be Used For?
In our EOS vs Tron comparison, the one disadvantage we can find is that its Delegated Proof-of-Stake (dPoS) blockchain is more centralized than other chains, with just 21 block producers controlling the whole network. Aside from that, EOS has a lot of advantages, such as the ease with which it may be implemented. EOS may be used as a permission blockchain inside a corporate intranet, or it could be used as a permission-less protocol that is open to the world.
The additional services targeted for companies, such as a blockchain-as-a-service (BaaS) package that reduces the complexity, cost, and resources required to build and deploy EOS natively, demonstrate EOS’s business-friendly approach. The usage of popular and mainstream coding languages to create or port existing dApps onto EOS is also made simpler thanks to a wide variety of built-in natively integrated SDKs and tools, as well as the choice to use popular and mainstream coding languages to build or port existing dApps onto EOS.
What Are the Tokens of EOS’s Native Cryptocurrency?
The EOS token is the native cryptocurrency token of the EOS blockchain ecosystem. EOS is utilized as a utility token inside the EOS network. On EOS, there are no gas costs associated with transactions or network-wide activities. Instead, EOS employs a network resource model that includes terms like “CPU” for processing power, “NET” for bandwidth, and “RAM” for on-chain storage. Users need certain network resources, which can be purchased using EOS, in order to conduct transactions.
The quantity of EOS coins is not limited. Instead, they’ve been designed to increase the liquidity of the EOS ecosystem by a predetermined inflation rate of 1% each year. The price of one EOS token is $6.84 at the time of writing this EOS vs Tron comparison. In recent months, they have witnessed a moderate increase as more developers and organizations seek more scalable and less crowded alternatives to Ethereum. EOS is the 27th most valuable cryptocurrency, with a market value of $6,521,209,282.
What Will EOS’s Roadmap Look Like in the Future?
We haven’t been able to discover a clear roadmap timetable for the development of the EOS network as of writing this EOS vs Tron comparison. However, updates to their blog indicate that they are working on a number of little upgrades and enhancements. For the time being, their most significant and much awaited generational update is ‘EOS 2.1.’ New improvements for both public and private installations should be included in this major network update, such as making it simpler to filter and locate data stored on-chain.
The EOS network’s performance should increase as a result of the additional on-chain storage and the introduction of the Nodeos’failover solution, which adds data recovery and backup capabilities to the EOS blockchain while also increasing its resilience against downtimes. The ability to delete or alter some on-chain data, which may assist with privacy or regulatory compliance, is a welcome addition to EOS 2.1 for the business sector.
Review of EOS
In the first part of our EOS versus Tron comparison, we can see why, despite fierce competition, EOS raised almost $4 billion in the largest ICO listing to date in 2017. EOS has built a blockchain that can do everything from running smart contracts or dApps, within an ecosystem that can (theoretically) scale to infinity, offers fast processing times, comes at little to no cost, and is simple to work with, regardless of whether you’re a suited up corporation or an aspiring indie developer.
- It’s potentially endlessly expandable, leaving plenty of opportunity for future expansion.
- The network has high throughput speeds and minimal operating expenses.
- Very business-friendly, offering a wide range of solutions and additional services to meet the requirements of businesses.
- Because of the inclusion of native SDKs and the lack of the requirement to learn a specific coding language, it’s simple to develop with.
- In comparison to rival blockchains, on-chain governance is more centralized.
What Exactly Is Tron?
Tron is a blockchain technology that was founded in 2017 and is backed by the TRON Foundation, which is owned by the controversial Justin Sun. Tron, like EOS, was created to meet the growing need for high-performance blockchains that can expand smoothly and provide high throughput speeds with minimal fees. This pertains to the capacity to create and execute smart contracts, as well as decentralized apps (dApps). Tron, on the other hand, is more concerned with digital material.
Tron’s entertainment expertise has led to it becoming the foundation of many content production and consumption platforms, as opposed to EOS’s more broad prospective use case. This includes sites like Steemit, a microblogging platform, and DLive, a video hosting platform. Tron has even bought BitTorrent, a famous peer-to-peer file sharing service. Aside from that, blockchain-based gaming, live streaming services, and other content-related platforms are important areas for Tron.
What Are the Characteristics of Tron?
Tron was built to address the scalability issue that plagues many blockchain ecosystems today, as we saw previously in our EOS vs Tron comparison. Tron can easily compute about 1,000 TPS, or upwards of 2,000 transactions per second under optimal circumstances, compared to the pitiful double-digit TPS metrics of most competing large blockchains. The majority of this scalability may be attributed to Tron’s use of Delegated Proof-of-Stake (dPoS).
As we saw with EOS, this kind of consensus has allowed the Tron blockchain to enhance data verification and processing, resulting in fast throughput rates with minimal congestion and extremely cheap fees. Because block creation on the Tron blockchain is controlled exclusively by 27 Super Representatives, a dPoS system is more centralized. Tron’s usage of a three-layer architecture, divided between the core, storage, and application layers, is another explanation for this increase.
The Tron blockchain’s processing burden could be better optimized with a triple-layer design for smart contract execution and the operation of numerous dApps. Although Tron does not allow the development of smart contracts and decentralized applications (dApps) in mainstream programming languages, it does support Solidity. This could make it simpler for Ethereum developers to transfer over their dApps from Ethereum, since it will be powered by the EVM-compatible Tron Virtual Machine (TVM).
What Could Tron’s Blockchain Be Used For?
Apart from the Tron blockchain, they provide a variety of other services, which we discovered during our EOS vs Tron comparison. TronGrid is one of them, allowing developers to create dApps and smart contracts on a cloud server and then host them on complete load-balanced Tron nodes, which currently handle over 1 billion transactions each day. This allows developers to participate in the Tron network without having to spend a lot of money on new hardware or IT infrastructure.
In addition, the Sun Network, a new sidechain project for Tron, has been launched. The Sun Network, which is interoperable with the main Tron blockchain, is designed to provide dApp developers faster network speeds and better security while reducing energy usage. Because the Sun sidechain has reduced resource needs, authors may save money on operations while still being able to switch and interoperate with the main Tron chain if necessary.
What Are the Tokens in Tron’s Native Cryptocurrency?
The TRX token is the Tron blockchain network’s native coin. There are no petrol costs on Tron, as previously stated. Instead, Tron uses a “bandwidth” method to represent network resources that users must buy in order to complete a transaction. TRX may be used to purchase bandwidth in order to pay for network costs. However, network transaction costs may be paid directly with TRX tokens, which would subsequently be burned to decrease the quantity.
Tron, like EOS, does not have a set supply for its tokenomics and therefore follows an inflationary curve. With a 3-second block creation time, the Tron blockchain will grow by approximately 1.38 million TRX each day. One TRX is worth $0.1343 at the time of writing this EOS vs Tron analysis. Tron’s TRX is now the 20th most valuable cryptocurrency on the market, due to increasing popularity. Its market cap has risen to $9,623,647,571.07, making it the 20th most valuable cryptocurrency on the market.
What Will Tron’s Roadmap Look Like in the Future?
We couldn’t discover a clear, real-time roadmap when researching our EOS versus Tron comparison. Tron, on the other hand, devised a long-term strategy with six different stages, beginning in 2017 and concluding in 2027. We’ve finished the Exodus and Odyssey stages and are currently in the Great Voyage phase, which will last from July 2020 to July 2021. On Tron, we’ll see a lot of focus on third-party initial coin offerings (ICOs).
Tron, like BitTorrent’s BTT, already enables companies established on its blockchain to issue tokens. The next upgrade is expected to be Apollo, which will run from August 2021 to March 2023 and would provide individual Tron content producers the power to manufacture and issue their own tokens. Following that, there will be a focus on games in Star Trek and Eternity, with native on-chain financing capabilities and the development of a predictions market.
Review of Tron
Now that we’ve completed the second part of our EOS vs. Tron comparison, we’re extremely interested to see where Tron goes in the next year and months, despite the onslaught of issues surrounding its creator. The remainder is a blockchain network that claims to alleviate any concerns about network congestion or sluggish processing times, allowing dApps and smart contracts to thrive in what might be a new frontier for the multibillion-dollar entertainment business.
- In comparison to rival blockchains, it is very scalable.
- The network has high throughput speeds and minimal operating expenses.
- The usage of EVM-compatible virtual machines makes it simple to migrate dApps from Ethereum to other platforms.
- One of the fastest-growing blockchain networks is a diversified ecosystem of dApps.
- In comparison to rival blockchains, on-chain governance is more centralized.
Conclusion: EOS vs. Tron
Our EOS versus Tron comparison is finally complete, but like with any contests, it’s time to declare a winner. Which of these blockchains will emerge victorious: EOS or Tron? Despite the fact that both have great qualities such as breaking through scalability barriers and enabling developers to create dApps or smart contracts without major hassles, as well as creating a quick and low-cost ecosystem, the EOS blockchain emerges victorious this time.
This is due to EOS’s unique approach to blockchain-as-a-service (Baas) for large businesses and institutional players, as well as how simple it is to build and connect into their current IT networks. With big companies often acting as a watershed moment, this may possibly open the floodgates for widespread adoption of blockchain technology, not only among businesses but also among ordinary customers like you and me.
We can all agree that this is beneficial to all blockchains, including EOS’ competitors. With that in mind, it’s not like Tron got the raw deal in our EOS vs Tron comparison, as they, too, have a number of unique characteristics that set them apart from other blockchains. As the production and consumption of content grows more widespread throughout the internet, it will inevitably migrate to the blockchain, and Tron is happy to offer that power.
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