In the public chain, the controversy of EOS has always been relatively large. Although its technology is leading, the price has not risen, or the price and value are somewhat out of touch. So, what are the advantages of EOS compared with other public chains, and where are they not as good as other public chains? Let me share some of my views.
1. The advantages of EOS
In terms of technology, EOS is still ahead of other public chains. I remember that the many top analysts said in an interview with EOSwriter that EOS technology is currently at least a year ahead of other public chains. Among all public chains, the technical performance of EOS is the closest to the commercial level, and the TPS of many other public chains cannot keep up. For example, in ETH, the entire network dragged down by a crypto cat game , which is known as the first major problem. According to statistics, the domestic public chain IOST has the highest TPS of more than 1,200, while the current highest TPS of EOS can reach 3996. After EOS 2.0 is launched, TPS will have a substantial growth. On the EOS public chain, It is capable of hosting some large-scale commercial DApps.
At the beginning of its establishment, EOS set its goal: to achieve large-scale application of blockchain technology. To achieve this goal, EOS must be able to carry a large number of DApps at the same time. If its performance cannot be satisfied, that is, TPS. If it is not achieved, then the implementation of blockchain technology is still empty talk. Therefore, in order to improve TPS, EOS adopts the DPoS consensus mechanism. Its block generation is completed by 21 super nodes, so that the confirmation speed of transactions is improved. Currently on the EOS mainnet, two blocks can be produced in one second.
In addition to the high performance of TPS, its account system design is more in line with the usage habits of our Internet users. Compared with BTC and ETH, it is obvious that EOS’s account system design is easier to be accepted by people. You can easily customize account name, which is more user-friendly. Transfers between EOS accounts are as convenient and fast as Apple pay transfers and Paypal transfers.
Both TPS and EOS account system have laid a solid foundation for the large-scale application of EOS technology. However, as of now, there have not been made some phenomenal super DApps on EOS, and EOS does have one kind of problem or another in the process of operation, and even a lot of questioning voices have appeared. Let's talk about the bad things of EOS has done.
2. The disadvantages of EOS
First of all, the most criticized part of EOS is its on-chain governance. In many people’s eyes, the 21 block nodes are too small in number and not decentralized enough, and in the current node distribution, it is also for those that are not decentralized enough, for example, in terms of distribution, two-thirds of the 21 super nodes are backed by Big Giants operations teams. Among the node types, exchange-type nodes and wallet-type nodes account for a large proportion, because they have resource advantages. On the contrary, some EOS nodes with very strong technology are ranked outside the top 30.
Second, many EOS supernodes, which are only responsible for blocking, do not contribute much to the EOS ecosystem, such as some of the top big mine nodes, and do not contribute much to the EOS ecology.
Of course, this is also related to the design of the EOS voting system. To contribute to the EOS ecosystem, the official has not promised any rewards. Like the IOST public chain, there is a clear ecological contribution rewards, even if a node does not produce a block, if you contribute to the ecology, there will be contribution rewards. However, in the design of EOS, there is no such clear reward regulation. As a result, some nodes that have made many contributions to the EOS ecology have not received any rewards. What is the motivation to make more contributions?
Then, in the EOS ecosystem, there is no investment reward system. Some EOS nodes have designed their own voting rebate system in order to obtain more votes. This is not fair to some other nodes. If the EOS official is like the IOST official, explicitly state that voting can be rewarded , and there is a complete voting rebate system, then more EOS holders will definitely participate in the construction of the EOS ecosystem.
It can be said that EOS's rewards and penalties are not properly designed, causing EOS ecology to be a bit like a piece of loose sand. If the rewards and punishments are properly designed, then the cohesion among EOS official block one, community EOS holders, EOS nodes and other parties will be stronger, and the EOS ecosystem will develop faster.
In contrast to other public chains, such as TRON, Justin Sun has been promoting TRON and always looking for various opportunities to promote TRON DApps. The official IOST public chain has done a good job in this respect, and the official has given great efforts to the development of the ecology. For many excellent projects, IOST officials have given strong support, such as in terms of resources, technology, etc., but EOS does not do enough in this regard.
3. Summary
In short, although the EOS public chain is leading in technology, it still has a lot of shortcomings in terms of on-chain governance and official promotion of the project. I hope that block one will pay more attention to the development of some DApps in the EOS ecosystem in addition to EOS technology. It also gives the community more tangible encouragement.
