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Ethereum [ETH] founder Vitalik Buterin, gave props to the EOS blockchain in response to a query posed by an Ethereum worker. Apparently, Buterin’s response means that he believes EOS is a greater blockchain than Ethereum.
EOS is Ethereum On Steroids.
The title displays the truth that the core crew discovered from Ethereum’s amateurish naivety and idealism, and constructed out a crew {of professional} top-talent software program builders that created a wise contract platform with a lot greater scalability and velocity.
— vitalik.eth (@VitalikButerin) June 27, 2022
Vitalik’s assertion attracted the eye of Yves La Rose, the CEO of the EOS Basis. He took the chance to make clear a couple of issues concerning the EOS blockchain.
First, the EOS blockchain can deal with over 100 million transactions per day, making it a high-performance blockchain. The EOS founder additionally famous that poor management has been the largest problem that the community has confronted previously.
$EOS is essentially the most performant blockchain.
This can be a reality. #EOS is the one blockchain that’s confirmed it may possibly deal with 100m+ transactions per day.
Know-how will not be an issue for EOS… However previously, management was a HUGE downside.https://t.co/y9bEj6C4pq
— Yves La Rose (@BigBeardSamurai) June 27, 2022
Now that EOS has overcome the management problem, La Rose expects the community to lastly be on the fitting progress path. He additionally famous that the community will not be an “Ethereum killer,” and is as a substitute an “Ethereum enabler.” This hints at collaborations between the 2 networks, in addition to progress alternatives for the EOS cryptocurrency.
EOS topped out at $15.67 in 2018 however it didn’t rally previous its all-time highs through the 2021 bull market as a result of poor administration. At press time, the token ranked #52 as per Coingecko and stood at $0.93.
Supply: TradingView
The token recovered barely from its latest crash throughout which it achieved a brand new historic low of $0.815 on 18 June. Nevertheless, its uptick is only a blip in comparison with the draw back it has skilled since 2018.
Can EOS make a robust comeback?
The constructive sentiments by Vitalik Buterin have undoubtedly offered sufficient publicity to place EOS on traders’ radar. The social dominance metric registered a robust uptick on 27 June hours after the Ethereum founder’s tweet.
Publicity is simply half the battle gained. The opposite half would require offering dependable and high-quality providers. And, EOS is attempting to cowl that base as indicated by sturdy exercise registered by the event exercise metric.
Supply: Santiment
Sadly, that progress won’t replicate within the short-term, largely due to the prevailing worry and uncertainty within the crypto market. The provision held by whales metric reveals the shortage of accumulation by whales which might in any other case have offered a big worth increase.
Supply: Santiment
However, EOS has maintained wholesome NFT trades volumes within the final 30 days. This confirms that the community has maintained wholesome exercise ranges regardless of the bearish worth motion and challenges it confronted previously. EOS is actually one of many networks to observe given its excessive reward.
