In the past year, the cryptocurrency market has been booming with Bitcoin and Ethereum leading the pack. While Bitcoin has been focused on becoming a global currency, Ethereum has been building a decentralized platform that runs smart contracts.
These smart contracts are programs that can automatically execute themselves when certain conditions are met. This allows for a wide range of applications beyond just payments and has led to Ethereum being called the “world computer”.
However, as Ethereum has grown in popularity, so have the fees to use its network. This has led to some developers looking for alternatives that are cheaper and can handle more transactions.
One such alternative is EOS, which launched its mainnet in June 2018. EOS is designed to be scalable and decentralized like Ethereum but without the high fees.
So far, EOS has been successful in attracting developers away from Ethereum. In the past month, there have been over 100 dapps built on EOS compared to just 30 on Ethereum.
NOTE: WARNING: When researching cryptocurrency, it is important to take care when considering speculation about ‘Ethereum Killer’ or any other cryptocurrency that could potentially replace Ethereum. Cryptocurrency is a highly speculative and volatile market, and predicting which will be the ‘Ethereum Killer’ is impossible to accurately predict. Investing in any cryptocurrency should be done cautiously and with advice from a qualified financial advisor.
This trend is likely to continue as EOS continues to offer more features and lower fees. As a result, it’s possible that EOS could eventually overtake Ethereum as the most popular platform for dapps.
However, it’s important to remember that Ethereum still has a large lead over EOS. There are currently over 2,000 dapps on Ethereum compared to just 100 on EOS.
Moreover, most of the top dapps by users are still on Ethereum. This shows that while EOS is growing quickly, it still has a long way to go before it can truly compete with Ethereum.
Conclusion:
Ethereum is currently the leading platform for decentralized applications (dapps). However, it is facing stiff competition from EOS which offers lower fees and more features.
While EOS is growing quickly, it still has a long way to go before it can overtake Ethereum.
9 Related Question Answers Found
Ethereum has been the top dog in the cryptocurrency world for quite some time now. It’s the most popular smart contract platform and has the largest ecosystem of developers, projects, and users. However, there are many other cryptocurrencies that are trying to position themselves as Ethereum killers.
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In the cryptocurrency world, Ethereum has been a major player since its launch in 2015. It is the second-largest cryptocurrency by market capitalization and has been a driving force in the development of the blockchain industry. However, there are a number of Ethereum killers that are looking to take its place as the leading blockchain platform.
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There are a lot of different cryptocurrencies out there, and each one has its own purpose. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. What is Secret Ethereum?
