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Here’s How EOS (EOS) Really Could Kill Ethereum (ETH)

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EIS vs Ethereum
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When markets started billing EOS (EOS) as an Ethereum (ETH) killer, only a handful of people took the suggestion seriously. Since the end of October, however, EOS has risen more than 1600% and traders and investors, as well as the blockchain development community, are now being forced to take a serious look at what EOS is and what it brings to the table in this nascent sector.

We took a look at what’s going on behind the scenes in an attempt to figure out whether this technology really could outpace Ethereum longer-term and, in short, we think it can.

Here is why.

The biggest problem right now with the infrastructure that supports decentralized applications is scalability. Bitcoin was able to demonstrate the real-world viability of a proof of work mechanism in the public ledger. Ethereum then took that one step further and proved the demand for generalized smart contracts.

EOS Daily Chart

EOS Daily Chart

On a number of occasions, however, and as is likely to be increasingly the case, the Ethereum network has become choked as it maxes out its transactions per second limit.

EOS is trying to build (and, in turn, to be) what amounts to the next step in this space – a platform that can work in essentially the same way that the Ethereum platform does but that can do so on an enterprise scale.

If the company can deliver this, it’s going to be a game changer.

So how is EOS going about it?

The EOS platform is designed to allow for the processing of information in parallel across multiple cores, as opposed to restricting it as a single thread (which is what happens with Ethereum). There are also a number of other key differences between legacy platforms and EOS, including the separation of read and write actions, private and public blockchain communication capabilities, usernames as opposed to long number addresses and – importantly – the ability to fix issues with consensus as opposed to using a hard fork.

Asll of these come together to allow for what amounts to a streamlining of the technological processes that underpin Ethereum without (the hope is) restricting functionality.

The problem with the subsystem, many will say, is that it’s moving more towards centralization and away from the decentralization feature that makes Ethereum so attractive.

That’s reasonable, but the reality is that the enterprise entities that are going to be adopting this sort of thing aren’t going to be reliant on public blockchains alone. Nobody really expects that. They’re going to be using some degree of internal and private blockchain connected with (in many cases) a public blockchain.

And under this sort of use case, EOS becomes the perfect solution.

That is, of course, if it can be developed effectively. It’s still in its nascent stages right now and the company’s ICO won’t complete until mid next year. This brings with it a degree of risk based on the fact that there is no guarantee that the company can execute against its strategic roadmap.

With that said, however, EOS has an incredibly strong leadership team and if there is a group of people that are likely to be able to achieve something on the scale that EOS is trying to achieve it, it’s this one.

Basically, it comes down to this – there needs to be a major step forward in blockchain technology before global enterprise can adopt it on the scale that is required to truly make this a game-changing shift in the way sectors and industries operate. One company of a handful is going to be the one that manages to achieve this step forward and the one that does is going to be the coin that returns reward to the scale that we have seen bitcoin and Ethereum return over the last couple of years

Of this handful, EOS looks to be one of, if not the, plays that we see as having the best chance of success.

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of EOS

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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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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