EOS vs TRON - YouTube

Hi, my name is Oliver Mehr and I'm on the blockchain analyst here at SVK Crypto

today's video is going to be discussing the differences but also some of the

similarities between EOS and Tron. Two third generation blockchain protocols

that were launched in June of last year we're gonna break this video down into

some segments so it's better to understand those segments being

consensus algorithms, funding, developer tools, resource allocation, on chain

governance, and finally and most importantly real world performance so

let's get into it

okay so our first segment is consensus mechanisms EOS and Tron have a similar

consensus mechanism known as depose or delegated proof of state. EOS has half

second block times, Tron has three second block times. Tron has 27 block producers

EOS has 21. For us the key takeaways here is that developers and projects will

prefer to use EOS for its half second block times which produce much more

responsive applications, the difference in finality time between one and three

minutes is in the real world fairly trivial although from all the

improvements that are going on at Block.one we know that these fields will not

stay static and I'm sure the finality times will come down over time

Number two is funding we believe that funding is very important

in order to make sure that the smart contracting platform of your choice

maintains its edge over time. Both these protocols raised money in an ICO

Tron raise 70 million in their ICO and EOS or Block.one raised 4.2 billion in

their year-long ICO because they've both used e pass or delegated proof of stake

as that consensus mechanism part of their distributed nature comes from how

dispersed the token suppliers which is why Block.one opted for a year-long ICO so

they can get their tokens in the hands of as many unique token holders as

possible. We can see this in the token supply the tron foundation owned roughly

35% of the total supply right now whereas block.one own 10% so in terms of a

delegate of previous 8 network Tron is significantly more centralized than

EOS's. Furthermore because of the superior capitalization of block.one

they've been able to really advance the protocol in many different verticals all

at the same time and we can see this from the by weekly updates we get from

the Block.one development team

Moving on to the developer tools. Developers are one of the most important

stakeholders in any smart contracting platform network they're all truly be

the ones that deliver the killer applications of the future. Tron borrowed

from Ethereum and they used the ethereum virtual machine, the ethereum

virtual machine is programming in solidity which is a variant of javascript this is

a less supported language and the libraries are still being built it's

also a legacy language we even see this from the ethereum foundation themselves

who are moving away from their EVM technology to something more modern

more modern like what EOS is using which is webassembly. Webassembly can be

compiled to from many different languages officially EOS support C++

from the beginning. The idea here is that there are many many programmers out

there who already know C++ and if we can support C++ from the beginning we can

entice them into our network to build decentralized applications that run on

the EOS Network.

Topic four is resource allocation. Resource allocation is super

important to both users and developers because it's the way they're able to

access the network's bandwidth and resources. Both EOS and Tron use a

staking model which means if you stake a certain number of tokens you'll receive

a certain amount of bandwidth so if you stake one percent of the EOS total token

supply you'll receive one percent of the EOS networks bandwidth. Tron currently

offers free accounts to its users whilst EOS is still on a paid version and Tron

offers each user 5,000 bandwidth points a day which is quite Stu approximately

25 free transactions. These resource models are always changing and are a hot

topic of debate in the EOS community and in the Tron community however from our

perspective we think that the most effective resource allocation will be

one where the owners can be put on the smart contract or the dapp to pay for all

transactions on behalf of its users so the users who are using those

decentralized applications have a completely frictionless experience.

On-Chain governance. Both EOS and Tron and have some degree of on chain governance

because they're both delicated proof estate networks they require each token

holder to be able to vote for different block producers so they both take that

category of voting for various different block users that the user sees fit

however where EOS excels is it enables any token holder to propose a change to

the network, have a referendum if it has enough support it can be voted in by 15

out the 21 block producers currently on Tron that isn't possible

and the only entities who can propose a change are the elected block producers

Lastly and most importantly is real world performance the numbers you can

see on the screen were taken from the end of 2018 and they really show EOS's

dominance. EOS did in the last six months of the year three and a half billion

dollars in transactional volume whilst TRON did just over 600 million but even

if you look at a Ethereum which was live for the full 12 months of that year they

did around 2.6 billion dollars in transactional volume. We believe this is

one of the advantages of third-generation blockchains really

showing their ability to scale and we also believe that in the next six months

or next 12 months we'll see even greater applications being launched and a more

complex, more engaging and have more and more users as well

What does this already mean? Obviously these numbers are subject to change as

development goes on and with the open source nature of technology that we live

in today great technological advancements can be borrowed and

implemented in other platforms so your technology edge is only at a short-lived

what makes your platform defensible and future proof is the network effects you

can drive to it. That's bringing users on board and more importantly bringing

killer applications on board to your platform. That's what will make it future

proof that's what we believe EOS brings to the table and that's why

we believe EOS is in a great position to remain one of the most performant and

used smart contracting platforms of the future. Great well I hope you enjoyed

that if you want to learn more about the EOS vs Tron article we wrote a

medium post which will be linked in a description below. If you want to keep up

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leave a comment down below as well thank you so much for watching