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The Battle for DApps Between EOS and Ethereum

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EOS
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The EOS Mainnet went live on the 2nd of June amidst a few hiccups here and there. However, this has not prevented the platform from attracting several Decentralized Applications. The total number of DApps on the EOS mainnet currently number 229. Out of these number, 78 are live, 99 in development, 16 in their Beta versions and 18 are in the concept phase. So, we have 229 DApps on a platform that is roughly 3 months old.

This rapid expansion on DApps being built on the EOS platform has prompted one Redditor by the name of Babble9753 to predict that EOS DApps will surpass those on the Ethereum network in number by the first quarter of 2019. His exact comments were as follows:

“There are 1,781 DAPPS on ETH with 10k total daily users. I think there are already over 200 DAPPs being built on EOS and Steem which was built by Daniel Larimer I think often has more daily users than all ETH DAPPs combined and he is building something similar on EOS. When do you think EOS will pass ETH in terms of total active DAPPs and daily users? I think by the end of Q1 next year.”

Analyzing the number of DApps on the Ethereum network, we find that they are 1,781 as stated, and have taken 3 years to get this number – given the fact that the Ethereum network was launched on 30th July 2015. This is an average of 594 new DApps per year.

With EOS having 229 in 3 months, if numbers are to go by, the platform will have approximately 535 DApps by the beginning of January next year. This is without factoring in the exponential rate of growth of the blockchain industry as well as the hype and excitement surrounding the EOS platform. Once we factor this into the equation, it is highly probable that the DApps on the EOS platform will eclipse those of Ethereum by mid next year.

Another factor to consider is the number of DApps migrating from the Ethereum platform to that of EOS. One reason for this migration could be the idea that EOS is a faster more efficient platform to create DApps on as well as a more secure network. There is also the added decentralization evident on the EOS platform that is almost non-existent on that of Ethereum. Only time will tell if the DApps on the EOS platform will surpass those of Ethereum by next year.

In conclusion, with the EOS platform gaining popularity, it is one more reason to be bullish about the coin in the crypto markets. We even have the Chinese government constantly ranking EOS higher than Ethereum on its monthly blockchain ratings. This is a clear indicator of blockchain superiority.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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