At this point, we all know what crypto is up to some extent. From social media to newspapers, the hype about crypto is rising. But to be a crypto investor in UAE, you need to get more technical knowledge regarding the crypto world.
At the moment, the battle between EOS and Ethereum has taken up the crypto world. The Ethereum model is widely used; that’s why it is the top priority of investors in UAE, so they actively look for the Ethereum price in AED; the EOS model is more futuristic concerning block creation.
The EOS is another variant of blockchain technology that determines the future of crypto. EOS stands for Electro-Optical System that completely functions on Blockchain technology. The platform is entirely decentralized and can be used to develop and run business apps.
The primary reason behind the overall rise of EOS is its one-of-a-kind access and authentication dynamics. The platform can host DApps. But it also makes sure that these apps and the internet are connected. The cryptocurrency of the EOS system is the EOS token. You may buy ethereum on MoonPay for a better investment.
Just like many others, Ethereum is also a blockchain platform. But the primary reason behind the uprising fame of Ethereum is the native currency of the forum. Yes, we are talking about Ethereum as a crypto coin. The coin is doing great in the international market, competing with giants like Bitcoin.
Ethereum is all about the distribution of the specific Blockchain benefits. Because of this, Ethereum is one of the most secure Blockchain-based platforms. The working model of Ethereum is centralized, putting some solid value in the Ethereum coin and placing it at number two after Bitcoin.
Today, both the EOS and the Ethereum projects dominate the blockchain world. But both of these platforms have quite different initiatives for revolutionizing the blockchain world. The Ethereum project is more focused on the decentralization of the computing world. On the other hand, EOS is all about running DApps faster than ever before.
The tokens of both platforms are a significant differentiator as well. Ethereum token has captured a large market as well. The popularity of the token can be estimated by the fact that it is one of the top traded global crypto assets. The EOS token is still in its initial stages.
The technological impact
The basic technological advancement associated with EOS and Ethereum is the transaction model. Both the platforms are working diligently to streamline the whole transaction model so that anyone can access crypto transactions anywhere.
But the significant technological impact both the platforms want to achieve is network scalability. In simple words, the platforms are trying to scale the number of transactions that can be made on the platform in one second. The current score of scalability is not comparable with banking systems.
Future growth charts
Regardless of prominent differences in both projects, the future holds progress and nothing else. This kind of healthy competition allows the introduction of new and improved features. Because of this, the crypto world will get more streamlined transactions in the upcoming days.
The overall market cap of both coins is also expected to rise. Ethereum is already doing quite well in the global market, and traders in the UAE are focused explicitly on this coin. The EOS coin is still in its early days with impressive growth statistics.
Knowledge is power. We all have heard this particular phrase many times in our lives. When we talk about the crypto industry and how multiple blockchain platforms work, all you need to have is accurate knowledge and the will to execute a decision.