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Review on EOS by ahmed afife
Eos is in a highly competitive and highly funded bucket of crypto-projectsβ¦
Eos is in a highly competitive and highly funded bucket of crypto-projects. Each of these projects is doing something slightly different. In the case of EOS is the goal of great scalability
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Pros
- The project is very ambitious and promising. EOS is set to be a significant competitor to the current leading blockchains like Ethereum, Neo, ... etc. Comparatively to ethereum, EOS provides + 1,000 transactions per seconds ( 15 transactions per seconds for ETH ) and didn't apply fees for tokens transactions
Cons
- EOS can only process approximately 15 transactions per second. Although to be able to support more extensive social apps similar to that of Facebook (which handles 52,000 transactions per second) EOSβs speed would need to increase significantly. While the context of smart contracts has been arguably predicated within the realm of financial applications, even a platform such as Visa processes over 20,000 transactions per second, roughly 1,300 x the current capabilities of EOS
