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Ethereum is arguably more decentralized than EOS but with CEO Blockstream, Ethereum or Ripple is still a scam!

When EOS launched in 2018, it was seen as one of Ethereum biggest competitors, not only in terms of providing a scalable development platform for dApps, but also a sponsored project. Well, there are real products. However, the weakness of EOS so far remains that it is too centralized – something that is incomprehensible in the crypto market.

Competitiveness of EOS and Ethereum

So far, while EDApps OS is a worthy competitor, it’s hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State of the DApps. Nevertheless, EOS remains a top competitor, mainly due to its superior throughput. Facilitating over 700,000 transactions in 24 hours, EOS can currently handle around 20 times the volume of Ethereum. This also translates into user numbers, with EOS now catching up.

ethereum-is-arguably-more-decentralized-than-eos

Ethereum’s 2.0 upgrade is looming ever closer on the horizon, promising to level up scalability through sharding. So, how will the new and improved version of Ethereum measure up to EOS?

Ethereum’s ongoing challenges with scalability have been one of the most pressing drivers for the 2.0 implementation. Currently, the platform can support around 30 transactions per second, which causes frequent network congestion and spiraling gas fees.

Ethereum co-founder Vitalik Buterin has indicated that ETH 2.0 implementation will bring a vast improvement, ultimately achieving 100,000 transactions per second, or TPS, with the help of the sharding mechanism, which enables parallel execution by splitting the blockchain into pieces. However, although the first phase of the Ethereum upgrade will happen by the end of summer 2020, only the final phase — which is around two years away — will implement sharding, bringing about the assured 100,000 TPS speed.

In contrast to Ethereum, EOS was designed from the start with scalability in mind and is achieved by enabling parallel transaction processing while keeping the number of block producers small, speeding up throughput. EOS’s scalability, in comparison to Ethereum, contributed to much of the buzz generated around the project from the time it started selling tokens in 2017 to its first launch in 2018. Currently, the maximum throughput achieved on EOS stands shy of 4,000 transactions per second.

And fierce debates come from the co-founders of the project

For some reason, Adam Back, CEO of Blockstream, tweeted the following:

It looks like this tweet came from another discussion between Adam and Layah Heilpern journalist. In it, Heilpern said, “Imagine not liking someone because they prefer a different coin to you,” and Adam argued that “Imagine not liking Charles Ponzi, because he liked his coin”. And when Heilpern emphasizes that “this does include things which are criminal,” Adam has stated above.

With Adam’s answer, Heilpern had to ask again whether to him Ethereum was a scam project and Adam honestly replied:

And starting from here, the story was pushed to the top when Vitalik Buterin began retweeting Adam’s statement with a rather harsh declaration:

This debate also has the participation of Binance CEO, CZ. However, it seems that he is only participating in fun and vows to stay out of the game. In Vitalik’s opinion, it appears that Adam insists Ethereum is equivalent to Ponzi schemes just because Ethereum doesn’t fully subscribe to his ideology regarding proof of stake, premines, and the like.

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