In 2018, with the explosive growth of the blockchain, the development of the public chain became the mainstream, and the EOS super-node campaign in April this year led to the crazy rise of the public chain. Recently, the news that ETH and EOS have been caught in a melee has emerged one after another. The most intuitive manifestation is the deployment of Dapp applications on different chains.
Under normal circumstances, the number of Dapp applications on the public chain, daily activities, trading volume, etc., is the decisive factor in measuring the value of the public chain.
Because the application form of the blockchain is reflected by the entity, such as cross-border payment, digital bills, etc., it is also reflected by the mobile application, which is named Dapp (distributed application). However, the application of the blockchain embodied in the physical form is rarely used, so the ecological development of the endless Dapp has become one of the main factors determining the value of the public chain.
The above picture shows the data of spider.store on November 15th, 2018. It can be seen that ETH far exceeds EOS in terms of the number of Dapps and the number of smart contracts, but in terms of 24-hour transaction volume, transaction number and number of active users, EOS has obvious advantage. Although ETH is more perfect in the layout of the whole ecology, EOS has already left ETH far behind in the embodiment of vitality. This is just like the CMO Zhang Hao of IMEOS said “In the vitality of Dapp, ETH has to catch up with EOS, it will not be easy.”
EOS users are more active than ETH that is more caused by the performance of the public chain. In the Dapp of ETH and EOS, the Dapp of games and gambling occupies half of the country, and these two types of Dapps have high requirements for the speed of the public chain. At present, the peak performance of ETH is about 40 TPS, and the peak performance of EOS is about 4000 TPS. It is obvious that EOS is superior in performance, which also determines the user activity of EOS.
However, EOS is still far from the goal of one million TPS, and still faces challenges in improving the performance of blockchain. Turing Prize winner Silvio Micali has claimed to overcome the “impossible triangle” problem of the blockchain, but it has not yet appeared. The “impossible triangle” still plagues people : ETH’s POS consensus mechanism is difficult to improve performance, but more decentralized; while EOS has improved in performance, the 21 super nodes selected by its DPoS consensus mechanism have sacrificed some decentralization to some extent.
Who can win ETH and EOS?
To be honest, ETH and EOS have their own advantages and disadvantages. The struggle between the two public chains has not stopped. Many people are waiting to see who can finally win. Although competition is inevitable, who can better support existing physical applications and Dapp applications to make the most of the blockchain value, who is better.
When we no longer pursue a single big one, ecological integration becomes the mainstream , that is to say, when different blockchains can communicate with each other and achieve interoperability, people may no longer care about ETH and EOS who wins, the only thing people care about is that how to maximize the value of the blockchain based on the interoperability of ETH and EOS.
PalletOne — win-win is the goal
Interoperability is the easy sharing of information and transactions between different blockchains. In a fully interoperable environment, if a user on another blockchain sends a transaction or delivers information to your blockchain, you can trade or interact with it effortlessly.
As a distributed cross-chain protocol decoupled from the underlying blockchain, PalletOne not only aims to achieve inter-operability of blockchain, but also strengthens the scalability of the blockchain and user-friendliness. PalletOne uses the cross-chain technology to open the communication channel between the chain and the chain, to achieve the free flow of information and value, to bring a better user experience, thus establishing a multi-chain symbiotic, multi-chain interoperable value Internet.
At present, PalletOne has completed the development of BTC and ETH adapters, realized the cross-chain exchange of BTC and ETH based on PalletOne, and the code is open source on GITHUB. PalletOne will also realize the intercommunication between more public chains including ETH and EOS, achieving a win-win situation for the entire blockchain ecosystem.
