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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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