The crypto market has grown larger than anyone would have believed it would back in its early days. There are thousands of cryptocurrencies today, ready to tackle the difficulties of a financial world and help change it for the better. Among them, there are often those that are rather similar in terms of service, features, goals, technology, and alike.
While this is a good thing for cryptocurrencies as a whole, it can often pose a problem for new investors who have yet to formulate their opinion on all these different coins. The investors cannot invest in all of them, and the best way for them to go about it is to choose one, or maybe even a few coins to dedicate to.
However, even if they choose to play it safe and only go after top coins, there are still a lot of them that are similar in some aspects. TRON vs EOS is one such dilemma, and we hope to help you understand them better, and make your choice a bit easier.
TRON vs EOS
While different in a lot of other aspects, both TRON (TRX) and Eos (EOS) aim to achieve a single goal — decentralized web. They even use some quite similar tools to achieve this. They share a number of other similarities as well, like the fact that both of them started off on Ethereum’s network, as ERC-20 tokens.
Both of them managed to successfully launch their own MainNets, and transfer their tokens to their respective blockchains. In truth, TRON performed this task slightly better than EOS. EOS has had to face a lot of criticism for experiencing several big bugs and glitches almost right after launching the MainNet, while TRON’s MainNet launch went on without any problems.
Many would argue that TRON’s platform is also more user-friendly. Starting off on TRON is as simple as making an account, picking the username, and that’s it. EOS, on the other hand, has numerous processes and technical issues that need to be tackled first. This is bothersome even for the most experienced investors, and can even discourage newcomers to the crypto world.
When it comes to the communities, both of them are quite active and supportive, convinced that their preferred coin is the one that will dominate the markets of the future. As for the earning possibilities, TRON might be taking the lead again, as it is possible to use its Super Representatives as a voting system. Voting is beneficial to users since they can earn rewards for their participation in the network. As such, it can be quite profitable.
TRON has also been more vocal regarding its activities, a new partnership or project announcements, and it achieved some pretty large deals in the last few months. While its final goal is decentralized web, it also set a goal of revolutionizing the entertainment industry. EOS, on the other hand, has a goal that is a bit easier to understand and possibly achieve, which is replacing Ethereum. EOS is not only aiming as taking over as the second largest coin, but it also wants to dominate in the smart contracts and dApp creation.
Many agree that ETH’s technology has hit a dead end, and that EOS is faster, cheaper, better, and still has a possibility of further development. Even so, the fact is that ETH still holds its position quite firmly.
In the end, TRON vs EOS dilemma is a difficult one to solve, not only because both coins are more than just good, but also because both of them are still in development. We can even say that they can be considered equals in some areas, while one is better than the other in some other aspects. In the end, the differences in their goals are not making them such direct competitors, and the final choice eventually falls to the investors themselves. The best way to go about it is to study both coins in depth and decide for yourself which one agrees with you more.
Check out the new Global Coin Report YouTube channel 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.
For the latest cryptocurrency news, join our Telegram!
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…