Ethereum vs Solana, who is the next EOS?

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Crypto community has always had many branches of different projects, from the earliest bitcoin hard fork, LTC, Doge and other “cottage”, and later gave birth to ethereum, EOS, Solana and other well-known factions, which represent the differences and similarities of the concept and direction of their respective ecosystems there is cooperation is more between the community because of the different views and They are more likely to attack each other because of their different perspectives.

As Solana has performed well in this round, while Ether has performed relatively poorly, people in the Solana community say that ETH is like EOS, while people in the Ether community counterattacked by saying that SOL is EOS. when a project is considered to be like EOS, it means that it is considered to be facing a poor future or entering a “bottomless abyss”. “The bottomless pit. So which one is more like EOS, ETH or SOL? Today we’ll take a look at it from a number of angles. ……

Ether and Solana, who is the next EOS?
01, technology route and design concept

Ether, Solana and EOS as the underlying public chain, the most important goal of their technical programs is to break the “impossible triangle” of the blockchain, and become a safe, reliable, high-performance and highly scalable infrastructure.

In terms of capacity expansion, Ether has chosen to go from the POW consensus mechanism to the special POS consensus mechanism and plans to improve network throughput through sharding in the future, and then tentatively shifted to the Rollup Layer2 layering-centered capacity expansion program, and has already made some progress.

Compared to Ether, Solana is more aggressive in using “Proof of History” (Proof of History) to achieve faster transaction confirmation, and this consensus mechanism achieves high performance and can handle a large number of transactions. Similarly, EOS was also a high-performance blockchain, which realized high throughput through the DPoS (Delegated Proof of Stake) consensus mechanism.

In terms of technical route, Solana and EOS are more similar, both through the radical pursuit of extreme performance at the same time sacrificing part of the decentralization, exposing some of the problems of node centralization, but the difference is that, although Solana is gradually being optimized and upgraded after several unstable downtime experience. Ether’s solution, on the other hand, is considered more conservative, choosing a difficult and complex path in order not to sacrifice decentralization.

2. Sustainability

“In the ever-changing crypto field, “surviving” is perhaps the most valuable trait of a project. Often, innovation also means going off the beaten path and facing more risks and challenges.

Historically, Ether has withstood the challenge and test of “time”, second only to the crypto asset leader “Bitcoin”, and currently Ether still maintains the largest development community and active ecosystem, and has the concept of real on-the-ground applications such as DeFi. Ether is still the largest development community and active ecosystem, with concepts such as DeFi, a real application on the ground, a moat, and continuous innovation and ecological construction, which makes it sit firmly in the crypto asset “second” position.

EOS, on the other hand, does not seem to have stood the test of time. EOS and its ecosystem had a period of prosperity, but then exposed some sustainability deficiencies, and eventually fell into disrepair, and whether it can be “killed back” in the future is not yet known.

Shorter than the history of EOS Solana, also experienced a major supporter of SBF and FTX closure of the bad impact, as well as frequent downtime, attacks and other events, is also considered to be a long time suffering, but also exposed some of the stability and security issues, sustainability is facing a test.

Perhaps based on the relative “failure” of EOS, the ethereum and Solana communities will carefully consider the issue of sustainability.

3. Community Support and Institutional Support

The development of crypto projects can never be separated from the continuous support of the community, and there is certainly the shadow of institutional capital behind it. The ecological prosperity cannot be separated from the community, and the capital brought by institutions accelerates its progress.

EOS actually had a broad community consensus at the beginning of its launch, and also received a large amount of capital and institutional support, and its development company Block.one also invested a lot of money and human and material resources. However, or forced by the pressure brought by the U.S. SEC regulation, Block.one company as the project party can not be directly involved in the launch of the main network and the operation of the project, and then with the U.S. SEC lawsuit settlement is even more in the hands of a huge amount of wealth to choose to lie down, which is equivalent to the project thrown to the community.

Due to the governance model and the impact of the centralization problem, the community consensus of EOS gradually weakened, super nodes and developers gradually lost confidence, and finally this is the result we see.

Compared to EOS, Solana has received relatively more support from Wall Street elites and capital, and its good trend seems to have gathered a strong community consensus in the short term, and the leadership of its project team has been unusually active in the community, coupled with the relaxed state of U.S. crypto regulation after Trump took office, the Solana team will not be similarly pressurized. On the contrary, because of the popularity of concepts such as Meme and the “Made in USA” status, the Solana team will continue to receive capital support.

Ether needs no introduction in terms of community and institutional support, as the second oldest crypto asset, the only two U.S. stock spot ETFs, its ecological maturity and liquidity are significantly ahead of the curve, coupled with the project’s sustainability advantages, its long-term attractiveness is expected to increase.

4. Summary

Although we have analyzed the similarities and differences between Ether, Solana and EOS from a number of important perspectives, and on the surface Solana looks more like the aggressive EOS, while Ether is more robust, but “timing”, “location”, “However, the conditions of the three are different, so perhaps no one is like the other, and each will face different tests and challenges and their own unique paths.

All to be proved by time, under more friendly regulatory conditions, perhaps Ether, Solana and other crypto projects can have a bright future.