EOS vs. Cardano: Complete Crypto Comparison

0
169

β–Ί EOS Video: https://www.youtube.com/watch?v=F0fMyS4vu4I
β–Ί Cardano Video: https://www.youtube.com/watch?v=DKuV-_sicNo
β–Ί Best EOS Wallets: https://www.coinbureau.com/analysis/best-eos-wallets/
β–Ί Best Cardano Wallets: https://www.coinbureau.com/analysis/cardano-wallets-ada/

BTC Tips Welcome πŸ™πŸ»: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

⏰ Time Stamps ⏰

1:10 Overview of Projects
2:06 Use Cases
3:03 Why Blockchain 3.0?
4:14 Consensus Mechanisms
5:38 Project ICOs & Token Dynamics
7:55 Development & Teams
9:34 Partnerships
12:00 Potential Shortcomings
13:27 Conclusion

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

⛓️ πŸ”— Helpful Links πŸ”— ⛓️

β–Ί EOS Website: https://eos.io/
β–Ί Cardano Website: https://www.cardano.org/en/home/
β–Ί EOS Dev Portal: https://developers.eos.io/
β–Ί Cardano Docs: https://cardanodocs.com/introduction/
β–Ί Freeing EOS CPU: https://twitter.com/everythingeosio/status/1192892795754823680

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

πŸ“±οΈ Socials πŸ“±

β–Ί EOS Blog: https://medium.com/eosio
β–Ί Cardano Forum: https://forum.cardano.org/
β–Ί EOS Twitter: https://twitter.com/block_one_
β–Ί Cardano Twitter: https://twitter.com/cardano

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

πŸ“ Overview πŸ“

Both Cardano and EOS are open-source projects that want to provide scalable and decentralized networks that will handle deploying decentralized applications or dApps. These projects also support smart contract functionality.

EOS got its start in 2017 when Brendan Blumer founded BlockOne and which serves as the company that develops for the EOS project.

Cardano was launched in 2015 by Input-Output Honk Kong, or IOHK. The company was founded by Charles Hoskinson, who was previously a part of the Ethereum development team.

βš™οΈ Technology βš™οΈ

Cardano will use a Proof-of-Stake consensus mechanism called Ouroboros. The project recently released a validator to confirm wallet amounts before its testnet staking method moves over to the Cardano mainnet.

EOS uses delegated Proof-of-Stake, or dPoS. EOS sets its delegate limit at 21, who are chosen through a voting process. These delegates are called block producers.

EOS has as theoretical maxmium throughput of 4,000 transactions per second although the number is closer to 40 right now. Cardano has claimed that once launched it will have a capacity of 250 TPS.

πŸ’°οΈ ICO & Tokens πŸ’°

The EOS ICO lasted for an entire year, raising a little over $4 billion. At its launch, EOS did not have a blockchain of its own, so the project’s token was launched as an ERC20 token on the Ethereum blockchain.

In June of 2018, EOS migrated over to its mainnet native token. Currently, the project has a circulating supply of almost 940 million tokens, while boasting a total supply of a bit over 1 billion.

EOS does not have a max supply as it has inflation. However, inflation rates have been capped at 5%.

Cardano had a presale for its ADA token for nearly two years. At the time of the sale, ADA was sold on average for a quarter of a penny.

During the ADA presale, the project sold 26 billion of its 45 billion total token supply.

πŸ‘¨β€πŸ’»οΈ Team & Development πŸ‘¨β€πŸ’»

Cardano is handled by three different entities, one of which is the previously mentioned Input Output Hong Kong. The others are Emurgo and the Cardano Foundation.

EOS has its EOS Venture Capital. This part of EOS provides businesses with the capital they need to get their projects off the ground.

The companies that EOS chooses to help are those that already work closely with EOS developers building on the EOS platform.

Part of EOS is the aforementioned Block.One, which is the development portion of the project. One very notable member of Block.One is the CTO, Dan Larimer.

πŸ‘¨β€πŸ’»οΈ Partnerships πŸ‘¨β€πŸ’»

EOS recently partnered with Tapatalk, a mobile forum application that boasts 300 million users throughout 186 countries around the world.

By putting its rewards system on the blockchain, Tapatalk is allowing its users a way to use points to pay for digital goods as well as offering a method to remove unwanted ads or donate to admins.

Cardano established a partnership with COTI, an enterprise platform that specialized in the fintech industry.

Cardano has also formed a partnership with New Balance to track shoes on the blockchain. Cardano has also teamed up with the Georgian government & multiple universities in the country.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Cardano #Eos #Ada #blockchain #Review #scaling #Fintech #eosio #dapps #development #trading #cryptocurrency

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here