EOS is not just another coin; it is a revolution in Blockchain for applications.

In the rapidly changing world of Cryptocurrency, EOS has emerged as a project that challenges traditional blockchain development models, raising profound questions: What is the true nature of this technology, and why does it surpass Ethereum in many aspects?

The Origin of EOS: From Concept to Massive Fundraising

The story of EOS involves creators Dan Larimer and Brendan Blumer, who envisioned building a decentralized operating system to efficiently support Decentralized Applications (DApps). The project launched its fundraising in June 2017 and continued until June 2018, raising over $4 billion, setting a record for the longest and largest fundraising in blockchain history at that time.

The context behind EOS stems from issues observed in the Ethereum network: slow transaction speeds and high fees. The solution proposed was to utilize new technology capable of processing transactions faster without the need to pay Gas fees.

The Core of EOS: DPoS Technology and New Validation Methods

The fundamental difference between EOS and Ethereum lies in the use of Delegated Proof-of-Stake (DPoS) instead of energy-intensive Proof-of-Work.

In the EOS system, token holders can vote for 21 (Producers) who will create new blocks and validate transactions. In contrast, Ethereum relies on miners working hard to validate blocks. Producers in EOS rotate based on time, with a new block added every 3 seconds. As a result, the average transaction confirmation time is just 1.5 seconds.

This design allows EOS to process millions of transactions per second, compared to Ethereum’s 15-17 transactions per second.

Fee Model: No Gas, No Investment?

Thinking that using EOS is free is a misconception. In reality, users must Stake (lock) EOS to gain access to network resources: CPU, RAM, and Net Bandwidth.

This model differs from Ethereum’s Gas fee system, which calculates costs based on transaction volume. Staking in EOS is considered an investment: the more resources allocated, the faster and more extensive the access.

Comparison Table: EOS vs Ethereum by Aspect

Why Is EOS Called the “Ethereum Killer”

This term is not accidental. EOS possesses nearly all capabilities of Ethereum: supporting Smart Contracts, DApps, and multiple programming languages. But it also offers features that Ethereum lacks:

• Speed: processing 100-200 times faster
• Predictable Fees: no volatility in Gas fees
• Structural Security: with DPoS, illegal transactions can be halted quickly. Events like the 2016 DAO Hack, which caused $50 million in damages to Ethereum, might not occur on EOS.

Practical Challenges: Why Hasn’t EOS “Killed” Ethereum Yet?

Despite some shortcomings, overtaking Ethereum is not easy. Ethereum remains dominant while EOS gradually gains ground. Potential issues for EOS include:

1. Centralization Risks: Selecting only 21 Producers could lead to control by a small group.
2. Resource Volatility: Every transaction requires CPU, RAM, and Net, leading to competition for these resources.

Institutional Investors: Signs of Confidence

Galaxy Digital Assets, a major investment fund, includes EOS in its portfolio, focusing on supporting network development.

Fin Lab, a verified German company, recognizes EOS’s potential and has added it to its project catalog, demonstrating that EOS is backed by financial institutions with real influence.

Summary: Not Just Defense, But Enhancement

EOS and Ethereum are not enemies but competitors that drive blockchain technology forward. This competition encourages the rapid development of DApps and allows users to choose platforms best suited to their needs.

While Ethereum continues to dominate the market, EOS finds its niche with higher efficiency, clear fee structures, and the potential to handle massive future transaction volumes. The EOS coin is thus regarded as a significant option for DApp developers and investors looking toward the future of blockchain.