In the world of cryptocurrencies, there are hundreds and even thousands of active coins. With so many of them, deciding which one to invest in can be a nightmare, especially for the new investors. Making such a choice requires a lot of research and fact-checking, since making a wrong choice will mean losing all of the money you invested.
Because of that, a lot of investors choose to only concentrate on top coins, which is a good strategy. Leave the smaller altcoins to more experienced people, who are a bit more attuned to the going-on’s in the crypto world. However, even if you only choose to concentrate on the top coins, you might still have a hard time finding the right one. This is why we have decided to compare some of the most popular cryptos, and today, we will be looking at an EOS vs TRON vs Ethereum comparison.
EOS vs TRON vs Ethereum
Making a choice, even when it comes to only these three projects, can still be a hard thing to do. All three of them have their own pros and cons. Ethereum, for example, has been holding the position of the second largest coin for years now. This would not happen if it were not a decent investment.
Then, there is EOS, a coin that aims to provide better technology and service in the pretty much the same field that Ethereum has been dominating for a long time. And finally, there is TRON, which is in a league of its own. Unlike EOS, TRON doesn’t want to kill of ETH and take its place. Instead, it has its own set of goals, all of which are extremely ambitious. Even so, TRON has been slowly fulfilling them, and it constantly draws closer and closer to its ultimate goal, which is the decentralized web.
EOS vs ETH
Ethereum is the second largest coin by market cap, bettered only by Bitcoin itself. It’s interesting to note that both, EOS and TRON, started off as Ethereum’s ERC-20 tokens. Still, neither of them was satisfied with remaining on ETH’s network, and so they became their own blockchains. They both launched their MainNets only a few months ago, but EOS has had a bit of trouble with its own project, at least at first.
EOS is relatively similar to Ethereum, which is why it feels confident when it comes to its chance of taking ETH’s place. There’s an argument to be made that EOS does everything that Ethereum does, only better. It is faster and cheaper, and its technology continues to improve. On the other hand, ETH’s technological development seems to be in a dead end, but the coin still remains firmly in its place as the second largest crypto.
How does TRON fit in?
We already mentioned that TRON was an ERC-20 token as well, and it also recently launched its MainNet. What makes it different from EOS is that everything it does seems to be very successful. It launched numerous successful projects, the good news is piling up constantly, and it entered more partnerships than we can count.
Its aim is to revolutionize the entertainment industry, and eventually lead us to a completely decentralized web. This might seem impossible, but all that TRON really needs is time to lead us to this. This is why TRON is among the most popular and best coins today.
EOS and ETH are not bad either, and EOS might even pull off the ETH replacement. However, that is still in the future, and for now, they all struggle with a constantly bearish market.
Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.
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.
Image courtesy of Pexels
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…