EOS

crownpoly

Now name some of the big ones from 2018 (Waltonchain, EOS, BCN) that didn’t work out

Giga79

>I understand your not forced but practically you are because of amount of eth needed (cost) and risk of slashing pretty much guarantees you will not run one yourself but seek out other entities. What if rocket pool screws up, what if lido is hacked and loses keys. If a stake pool loses their keys you lose your coins. This has already happened lookup Stakehound and Fireblocks. The risk of slashing is why people should *not* seek out other (especially large) entities. The only time someone is slashed is for attacking the network, so the only way you can ensure you aren't is by *not* using centralized validators. The smaller your validator or the more decentralized *the set of* is the less risk you're taking on. *What if* Rocket Pool screws up? Their protocol isn't validating blocks. Lido doesn't have keys to lose, IIRC they've decentralized at each step and stepped away from the 6/11 multi sig that used to be in place (which was stronger than Cardano's current multisig for reference). The smart contracts are simple and have been audited probably as many times as the Beacon deposit-contract itself. Users holding the liquid tokens aren't at risk of slashing since the validator pool is massive so one entity getting slashed is miniscule, and because validators are required to put up collateral in case of slashing so liquid token holders aren't penalized by a bad staker. >>I picked 2024 because it was in a discord message sent from one of the Eth core dev's on discord. So don't plan on being able to unstake anytime soon. That one dev who isn't working on withdraws is being shat on by every dev who is working on withdraws, which is worth noting. Don't let 1 person speak for an entire decentralized community. The people working on it say soon. >>If you look at delegated Proof of Stake from Cardano, EOS, Tron you have a working model where you funds stay in your wallet. There is no need to risk slashing to make it work properly and you can get far better decentralization. *Delegating isn't staking*. You are voting on the delegate who is staking. I find it extremely disingenuous to call *voting* on a delegate any legitimate form of *staking*, or else the predictions tournament held here is staking too and so are airdrops. dPOS is always going to be bad for decentralization, so much research has gone into this and there's not any non-altruistic endgame. The whole idea *is* everyone necessarily deposits into centralized pools, how can that go right? There's nothing preventing delegates from bribing the community, forming cartels, or colluding to <51%, then users are stuck since a protocol change can be implemented before the majority not paying attention take notice. It relies on *all* people caring about a pure democracy, which is a pipe dream else entities like Binance wouldn't have 60+ full ADA delegates. >For a "not your keys not your crypto" community they sure seem to be happy to give up their coins to centralized actors. Why is Lido popular because people actually want liquid staking. Lido is decentralized and you can hold your liquid tokens in a hard wallet, but I agree - people need to witness a slashing event before they realize what's at stake and why decentralization is key. Since MtGox people have gotten pretty lazy, and I don't think Celsius blew up until after most stake was already locked up, nor were any decentralized staking alternatives available. Once withdraws come a lot of people will reshuffle. I'm just not a fan of dPOS. I am barely ok with POS but so far I'm fine with Ethereum's decisions since they are also barely ok with (most iterations of) POS as well so are making very well researched moves. dPOS had been tried already and didn't work out like people hoped and I don't see any technical purposal to avoid the pitfalls that come along. I'd rather use Solana or any semi-centralized chain over dPOS because at least the few 'delegates' have something real at stake there.

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Reusing from [my previous entry here](https://np.reddit.com/r/CryptoCurrency/comments/pfoke5/rcc_cointest_general_concepts_pos_conarguments/hd7dme2/). > > *Disclosure: (assuming Ethereum successfully transitions to PoS) ~50-60% of my current portfolio is in PoS coins, not including tokens that run on those chains* > > #PoS Con Argument > > Just a note that there are [lots of variations](https://www.finyear.com/photo/art/default/31320255-29572660.jpg?v=1551793721) on the Proof of Stake consensus model - e.g., [Proof of Staked Authority](https://github.com/binance-chain/whitepaper/blob/master/WHITEPAPER.md#consensus-and-validator-quorum) (BSC), [Pure Proof of Stake](https://www.algorand.com/technology/pure-proof-of-stake) (ALGO), Bonded Proof of Stake (ATOM), Delegated Proof of Stake (EOS), Liquid Proof of Stake (XTZ), Nominated Proof of Stake (DOT) etc. Different implementations have different tradeoffs, but I'll try to keep the main arguments general. > > ##Wealth and control > > - As other con arguments mention, PoS consensus favors big players and can [lead to centralization of wealth and control](https://medium.com/stakin/centralization-of-stake-in-pos-f7ccb8f8254). > > - In the absence of staking pools or delegators, the necessary capital required to self-stake (+ hardware costs) can exclude smaller participants: > > - [If you got in early, then you have a larger stake - and your position is basically guaranteed since you had a head start in earning rewards](https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/#Introducing_Proof_of_Stake). > > - If you have a bigger stake you're probably in a position to hoard it, accruing compound interest and solidifying your position as a whale. > > * Airdrops are great, but if they're based off a snapshot of staked holdings ('stakedrop') then the rich get richer (some projects have tried to make [fairer distributions](https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db), but [whales gonna do whale things](https://np.reddit.com/r/cosmosnetwork/comments/q8y550/centralization_issue_in_juno/)). > > - The bonding/unbonding periods of some protocols disincentivize participation from less wealthy users who may need to keep their assets liquid in the face of market volatility (i.e. opportunity cost). E.g., ATOM has a 21 day unbonding period. > > - Even if you delegate your stake to validators, there is a centralization of power/wealth: > > - The lack of incentive for smaller participants to be active in the voting process undermines the system's democratic intentions: > > > "[This leaves the door open for the whales to have a more direct influence over the network, especially if they are also able to take control of masses of smaller votes via proxy.](https://www.coinbureau.com/education/delegated-proof-stake-dpos/#Disadvantages_of_DPoS)" > > - Entrusting validation to a small group of participants introduces trust into the equation - delegates could form cartels making the blockchain less decentralized and less resilient to attacks. > > - Cartels aren't just a theoretical issue - historical examples include **EOS**, which has a [vote buying system](https://research.binance.com/en/analysis/eos-governance) leading to [accusations of cartels bribing an exchange](https://www.coindesk.com/markets/2018/10/04/vote-buying-scandal-stokes-fears-of-eos-governance-failure/) and **LISK** which had a [cartel](https://np.reddit.com/r/Lisk/comments/8dwwqa/delegates_or_delegateyou_decide/) likened to [the mafia](https://medium.com/coinmonks/lisk-the-mafia-blockchain-47248915ae2f). > > - Various examples of centralization on more notable chains include: > > - **ADA**: [Binance has 12% of the total stake](https://adapools.org/groups). As /u\/Eagle-Pool explained in [this post](https://np.reddit.com/r/cardano/comments/muf1ap/why_staking_your_ada_with_binance_is_a_bad_idea/): > > >"Cardano created [Enterprise Wallets](https://docs.cardano.org/en/latest/learn/types-addresses.html) that were meant to be used by exchanges that shouldn't carry stake rights. Clearly, Binance isn't using those since they've created so many pools. If they participate in Catalyst voting, they have enough Ada to make or break any project." > > - **ATOM**: [CEXs \(Binance, Coinbase and Kraken\) hold ~17% of the staking power](https://www.mintscan.io/cosmos/validators). > > - **BNB**: [21 validators and if you want to be one you'll need a minimum 10,000 BNB](https://docs.binance.org/smart-chain/validator/Parameters.html). Meanwhile, [Binance owns ~80% of BNB](https://www.coincarp.com/currencies/binance-coin/richlist/). > > - **ETH**: running your own [validator requires 32 ETH](https://github.com/ethereum/annotated-spec/blob/master/phase0/beacon-chain.md#gwei-values). [~20% of validators belong to whales and centralized exchanges.](https://beaconcha.in/charts/deposits_distribution) > > - **DOT**: would recommend the [DOT Con Argument thread](https://np.reddit.com/r/CryptoCurrency/comments/og2peh/rcryptocurrency_cointest_top_10_category_polkadot/) for specifics on the confusing election and nomination aspects of the governance system. [The minimum required stake needs to be higher than the least staked validator](https://wiki.polkadot.network/docs/faq#what-is-the-minimum-stake-necessary-to-be-elected-as-an-active-validator), currently [1.6M DOT](https://ipfs.io/ipns/polkadot.dotapps.io/#/staking/targets). > > - Lastly, there's also centralization to consider given validators' reliance on infrastructure providers like AWS, [Bison Trails](https://bisontrails.co/protocols/) or [Infura for ETH](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) and software clients ([like Geth for ETH](https://medium.com/coinmonks/how-eth-2-0-could-resolve-the-long-running-centralization-debate-c416b394e54c)). > > > > ###Subjectivity > > - This may be a bit more technical, so bear with me. > > - There is trust involved not just when delegating to a validator, but also at a more fundamental level - how PoS nodes connecting to the network 'learn' what the 'truth' is, i.e. how to sync and validate the correct chain: > > - PoW networks like Bitcoin's are **objective**: [when a new node comes online it can determine the 'truth' based off the protocol and the history of previous blocks](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). > > - On the other end of the spectrum is a network like Ripple, which is **subjective**: [all the nodes are sort of doing their own thing to determine what the truth is. The network thus requires nodes to have reputation, otherwise anyone could spin up a bunch of nodes to take over](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/) (i.e., [Sybil Attack](https://en.wikipedia.org/wiki/Sybil_attack)). > > - PoS falls in the middle, it's '**[weakly subjective](https://academy.binance.com/en/glossary/weak-subjectivity)**': [when a new node comes online it has to find someone to tell it what the truth is so it can sync up. Reliance on a trusted third party thus adds a small but non-zero amount of risk not found in the PoW security model](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xsqkga/monthly_optimists_discussion_october_2022/).

Giga79

>I understand your not forced but practically you are because of amount of eth needed (cost) and risk of slashing pretty much guarantees you will not run one yourself but seek out other entities. What if rocket pool screws up, what if lido is hacked and loses keys. If a stake pool loses their keys you lose your coins. This has already happened lookup Stakehound and Fireblocks. The risk of slashing is why people should *not* seek out other (especially large) entities. The only time someone is slashed is for attacking the network, and the only way you can ensure you aren't is by *not* using centralized validators. What if Rocket Pool screws up? Their protocol isn't validating. Lido has no keys to lose either, withdraws come out of a smart contract. Users holding the liquid tokens aren't at risk of slashing since 1 the pool is massive and 2 validators are required to put up collateral in case of slashing. >I picked 2024 because it was in a discord message sent from one of the Eth core dev's on discord. So don't plan on being able to unstake anytime soon. Lol and that one dev is getting absolutely shit on by every other dev who's actually working on withdraws. So don't plan on 1 person speaking for all of Ethereum. >If you look at delegated Proof of Stake from Cardano, EOS, Tron you have a working model where you funds stay in your wallet. There is no need to risk slashing to make it work properly and you can get far better decentralization. That isn't staking. You are voting on a delegate in dPOS and the delegate is staking. There's nothing at stake as the user here so I find it extremely disingenuous to call voting on a delegate any form of *staking*. dPOS is bad for decentralization any way you slice it. There's nothing preventing delegates from bribing the community or forming cartels, or centralizing to <51%, then users are stuck like that indefinitely. >For a "not your keys not your crypto" community they sure seem to be happy to give up their coins to centralized actors. Why is Lido popular because people actually want liquid staking. Nothing wrong with Lido, they're decentralized. I agree though people cozy up to centralization too much, it's plaguing all crypto right now. It's been a minute since people were shown why that's the easiest way to lose all your coins. People will learn after the first large slash.

Nonocoiner

EOS has been down for a significant amount of time at least once. I think it was in 2018.

shadowclaw2000

If you look at delegated Proof of Stake from Cardano, EOS, Tron you have a working model where you funds stay in your wallet. There is no need to risk slashing to make it work properly and you can get far better decentralization. For a "not your keys not your crypto" community they sure seem to be happy to give up their coins to centralized actors. Why is Lido popular because people actually want liquid staking. I understand your not forced but practically you are because of amount of eth needed cost and risk of slashing pretty much guarantees you will not run one yourself but seek out other entities. What if rocket pool screws up, what if lido is hacked and loses keys. If a stake pool loses their keys you lose your coins. This has already happened lookup Stakehound and Fireblocks. I picked 2024 because it was in a discord message sent from one of the Eth core dev's on discord. So don't plan on being able to unstake anytime soon. https://twitter.com/StakeWithPride/status/1570455656804782081?s=20&t=HzJnXu34lUZz\_OtssTftHA

Tsrdrum

The largest staking pool on Ethereum has over 40% of stake. Largest stake on EOS is around 3%. Neither is particularly functionally decentralized, but plenty enough for practical purposes. In the way you mention, number of validators, you’re right, but it’s more complicated than that. As far as power distribution it’s reasonable to argue dpos is less susceptible to Pareto principle power (far from perfect but nothing is). I think it’s a reasonable enough argument that I think people shouldn’t discount dpos chains, especially considering the level of centralization of other solutions (bsc, Solana, and many others all VC backed with most stake going to VCs or insiders)

Giga79

EOS is dPOS - how is it more decentralized than ETH in POS? EOS had 21 block producers last I checked. Has that changed? ETH has over 400,000. EOS was last cycle's ADA. It's beneath everyone's radar because all the issues it had with centralizing dPOS.

Tsrdrum

For those discouraged at the apparent failure of another blockchain project that hopes to solve the scalability trilemma: at 800 swaps per second, EOS TrustEVM is >2x faster than Solana EVM, and the EOS network at 4k max tps has had no downtime in the four years since it launched. And as far as proof of stake systems go, EOS block producers are more decentralized than ETH validators. DYOR but EOS has been beneath most people's radar for a while so I thought I'd mention it

IESUwaOmodesu

last time I checked it was #7, ahead of Cardano, Algo, EOS, Elrond - all combined https://www.reddit.com/r/CryptoCurrency/comments/w3z155/top\_10\_defi\_tvl\_grouped\_per\_project\_21072022/?utm\_source=share&utm\_medium=web2x&context=3

return132

Looks at litecoin, failed to reach ATH Looks at BitcoinCash, failed to reach ATH Looks at EOS, failed to reach ATH Looks at Zcash, failed to reach ATH Looks at Dash, failed to reach ATH Looks at OMG, failed to reach ATH Looks at POLY, failed to reach ATH **Stopped checking charts so many failed to reach ATH**

Signal_Individual593

My dear EOS and NEO, I was convinced that they will kill ETH. Guess who's went down like 60-70% on his stupid investments?

Mediocre_Piccolo8542

The constant look for enemies and playing victim afterwards is probably a mix of his narcissistic ego, combined with the need of looking away from what Cardano actually delivers, and being miles away from Chuck has promised. Sure, we could argue he is harmful, technically he is, but good luck trying to convince a narcissist. He created also an echo chamber around him, with people having no other choice than supporting him, due to ADA bags they are holding. After all, crypto is still sentiment and narrative driven, and once that narrative breaks nothing will support ADA from ending up like EOS, IOTA and other 2017 projects. I see it breaking over time, he is just lucky in the sense that most of current ADA holders joined 2021, don't know him very well, and are still patient

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

Odysseus_Lannister

Hey now, most knew EOS was a centralized shit coin by Larimer. NEO broke my heart into pieces tho.

new_random_username

I remember the hundred or even thousands of "rate my crypto portfolio" posts ... and replies with the weirdest suggestions. "needs more EOS", "LSK will replace Eth", "Neo!", and.. and... and...

Snowbattt

In 2017, so many crypto's were hailed as "the future of crypto" and "revolutionary tech". Thinking about OmiseGO, WaltonChain, Vertcoin, EOS, Ark Coin, Nem, Rai Blocks, Neo, Stratis, etc. People were shilling these shits left and right. Yet most people who got in post-2020 don't even know these coins exist. The only ones that reached their ATH's again are BTC, ETH, ADA and I think XRP So make your own conclusions.

Worried_Tadpole8313

EOS

mybed54

No it isn't lol. ALGO had it's run from 0.28$ to 2.4$ back in 2021. Look at any other coin from 2018 like EOS or NEO. All these ETH competitors have one bull market run than fade into obscurity.

Wonderful_Ninja

EOS XLM because cheap txn fees

Skeptain

Delegated proof of stake was used by STEEM and EOS and within dPoS you need to be elected by the stake holders to be able to effectively run a block producing node. In Cardano anyone can run a block producing node without any necessary permission of others. This is identical to Ethereum. The difference of Cardano to Ethereum is the native built in possibility to delegate your coins instead of staking them on your own node. In Ethereum you need to use a smart contracts which is an additional risk. So in the end Cardano is proof of stake without any doubt.

Adventurous-Ad-101

Ballish until not. Some might argue cosmos should be classified as a security. I’m pretty sure they list ATOM. The same could be said for EOS. Let’s wait for the SEC to come out with a clear ruling and then let’s see if he eats his words.

ohjeezhi

But they said EOS was the ETH killer…

Tsrdrum

That’s comparable to EOS’s trust EVM. Before optimization, it’s achieving 800 swaps per second, and I’ve heard it suggested that the production numbers will be up to 2x testnet speeds

Tsrdrum

You mean the thing other blockchains call "staking rewards"? Some BPs offer them, others don't. Some add enough value that they don't need to. EOSUSA is just some dude in Texas who has a bunch of bitchin hardware, they produced their first blocks today after being a paid standby for somewhere around 4 years. EOS is definitely engineered for maximum performance though, hence the high barrier of entry for block production nodes. Plenty of ways to get rewards in the system otherwise, through Pomelo (gitcoin-type thing), Eden (experimental governance layer) and direct grants.

Tsrdrum

Block1 did, and as a result the community forked the Github and is using the network itself to fund development. They've already achieved IBC and created the best EVM on the market (>2x faster than Solana), both of which were promised but never delivered on by Block One. EOS has more going on than ever before, even if people aren't paying attention now that John Oliver isn't dunking on it

No_Geologist_1826

The best staking option I can recommend is the one from Telos network. You stake your TLOS for REX (Resource Exchange), also used by the EOS blockchain. It is the stable and highest APR for years now, it's 13.6%. It's higher than Solana's, Matic's or Avalanche's, no downtime at all, and you can withdraw anytime after the given 4-day minimum lock. Easy, just go to Staker (dot) Net. Telos is one of the fastest layer-1 blockchains with only an almost near-to-zero transaction fee on its EVM network and totally zero fee on its native network. Learn more at Telos(dot)Net. 😉

Curvycryptoqueen

I didn't realise EOS still had much going on. Did they not essentially screw all the early investors? I can't remember what it was that happened, so don't get mad if I'm way off!

n1ghsthade

EOS. The Ethereum killer

dazzledswag46

What's wrong with EOS?

nixx_nl

Hihi EOS

dazzledswag46

This is the tokens I personally invested in: DASH, EOS, FTM, EVER, 1INCH

Hitt_and_Run

MATH - MATH is an Ethereum token for MathWallet, a multi-platform (mobile/desktop/extension/hardware) universal crypto wallet that enables storage of all BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, Cosmos tokens. MathWallet also features cross-chain token exchanges and a multi-chain DApp store.

Kristkind

> See Loopring or Fantom... See also EOS

MaximumSandwich5

Rate my portfolio: TRX, XRP, LUNC, LUNA, BSV, SHIB, SFM, ETC, EOS

mlparff

IOTA, EOS, Verge. There are lots of examples. These were hyped in 2017-2018. EOS was top 10 and the "Ethereum killer". They have all been fading away over the last 5 years.

baller_11

Uh Yea.. Vitalik shift is seriously old hat... when it comes to PoS... now it's a "breakthrough"..? When in reality those other PoS cryptos are years ahead effectively in this type of blockchain experience. I can name more than a few PoS cryptos that have been around for years... and at least a few that have been in the top 10... Cardano .. Tezos .. ALGO .. EOS .. and uh Peercoin (2012).

Skeptain

Delegated proof of stake was used by STEEM and EOS. In dPoS one needs to be elected to run a block producing node which is not the case within Cardano where anyone can run a block producing node and so Cardano is proof of stake. Cardano is not different from Ethereum, since the entry level for a block producing node is high according to the necessary amount of coins to successfully create blocks while Cardano adds the possibility to delegate your coins on the base protocol instead of being in need for a smart contract to do so.

Skeptain

Delegated proof of stake was used by STEEM and EOS. In dPoS one needs to be elected to run a block producing node which is not the case within Cardano where anyone can run a block producing node and so Cardano is proof of stake. Cardano is not different from Ethereum, since the entry level for a block producing node is high according to the necessary amount of coins to successfully create blocks while Cardano adds the possibility to delegate your coins on the base protocol instead of being in need for a smart contract to do so. Theoretically you can even run a block producing node with a few dollars on Cardano but then you need a lot of delegated coins.

Kike328

>There's a reason why Cardano was built the way it is, and that's to maximize network security. It would have been easy for the Cardano devs to build something like the Ethereum proof of stake system, but that was deemed as too insecure. Nah, the real reason is that DPOS which Cardano uses was already developed and researched extensively by previous projects (EOS, TRON etc), so implementing into Cardano’s project meant a bit of tweaking. One of reason why ethereum POS development has been so slow is exactly to avoid DPOS, because is considered that pure POS is more secure.

Kumomax1911

The same can be said for most all top chains. Just because the original developer of a chain still exists does not mean they will continue to or need to. Most can easily be removed. It's really up to the community of any legit chain to either accept or disapprove the actions of any creator. Also, Bitcoin absolutely has their "Musks" of the community. See Adam Beck and others. Look at EOS. [Block.one](https://Block.one) was a god awful company that all but gave up on EOS. Now the community has taken back direction over the chain and has given the cold shoulder to [Block.one](https://Block.one). The network is still operating and continuing to improve. Not that anyone cares about EOS, but that is not my point. It's building and improving while blocking the original entity that created it. I believe the community has even pushed to burn all the tokens in [block.one](https://block.one)'s wallet, but I don't know if that proposal ever passed. This was all possible for the community while EOS undisputedly uses one of the weakest setups decentralizing out their network authority. Every chain will always have core community members that can exert controlling influence over the direction of that chain. Even Bitcoin. Another example is how much Cosmos has changed in leadership and key developers over the years. Different setups of decentralized networks all offer their own pros and cons. Bitcoin has a pro that it currently doesn't appear to have leadership on the surface, but a massive con would be the fact that an insane amount of network authority is controlled by privileged group of wealthy miners. Those miners are becoming more privileged and select as the network becomes harder to mine. Worse yet, Bitcoin rewards are only distributed to these privileged few and then dumped on the heads of everyone to pay for energy costs. Not to mention if their was ever a global crackdown on mining, Bitcoin miners can't hide while keeping the network properly secured. They use too much energy. You can secure most staking networks with a laptop. Again, pros and cons to each setup.

coinfeeds-bot

tldr; Google Cloud and Binance’s BNB Chain have partnered to promote the development of Web3 and blockchain startups. The partnership will provide credits for access to Google Cloud, plus technical support and mentorship. Google has previously partnered with other blockchain projects, including Hedera, Ontology, Theta Network, and EOS. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SurenRongyao

EOS

Darius510

Nope, nope and nope, they’re the next XLM/IOTA/EOS.

Burebista1981

EOS

ethereumflow

I’ve been waiting for this sub to get on-board with Cosmos for some time now and I don’t think it’s long until folks will be. Whether you realize it and whether you like it or not Cosmos is slowly taking over the blockchain space. Polkadot and Kusama have cross-parachain communication thanks to Composable Finance building IBC support. NEAR is nearing completion of their IBC connection. Algorand has decided it’s worth discussing IBC implementation now that they have state proofs. Cardano will be bridged to Cosmos via Milkomeda EVM chain and Sifchain Peggy bridge. Even the long forgotten EOS is now looking into how they can implement IBC. There are also more chains than people realize that run on Cosmos tech; like Binance Chain, Crypto\.com/Cronos, Polygon, Thorchain and more. Cosmos is everywhere.

BimmerTime337

I didn't see it mentioned but EOS was a top 10 (or close) coin, had the largest ICO raise ever of like 4 billion and they were deemed a security. They just paid the fine and moved on to be a stagnant project with high hopes and hype. Most companies would just pay the fine (makes the most financial sense) but Ripple is taking a stand. I think they caught the SEC off guard since every other crypto they deemed a security rolled over for them.

Reasonable_Safety_88

Guys, I have a confession to make. Last night I shorted EOS and god damn it went up 20%. I shat my pants all night long, couldn’t sleep and was overleveraged and had to keep puttin’ it to not get liquidated. I managed to get out of that short with a small profit, but damn, I got fucking out. The range of emotions, everything, I wouldn’t recommend leverage to anyone. DCA and you can sleep at night.

Raikaru

> The founder has even had soft-fork proposals rejected. Don't see Vitalik doing that Vitalik has had MULTIPLE EIPs rejected. Please get a brain. Because yours clearly isn't working. The current scaling roadmap wasn't even pioneered by Vitalik and EIP 4844 which is meant to scale Rollups also wasn't pioneered by him. >And as I said, it's a project built ONTOP of existing work nobody will likely care about in a few years. They're not comparable. Communities are however. What you 'give a fuck about' is your own concern, you can deny this reality if you please. Communities come and go. There was an EOS community. Now they're fragmented. There was a Litecoin community. Now I barely hear about them. On chain activity >>>>> Some Subreddit. >Anything that's not PoW is pretty much always permissioned, entry to control depends on someone else giving you permission - that's why it was such a big deal when PoW was figured out in 2009 for this purpose. And non-PoW includes bank of america, databases, PoS, premines, and everything like it. Who has to give you permission to validate in Ethereum PoS? >Ergo's distribution will continue to improve but the main difference is they were all obtained via mining. Every single one is on-chain, tracked and controlled by smart contracts. The foundation takes the smallest fee of any SC platform, and is community-ran (The founder has even had soft-fork proposals rejected. Don't see Vitalik doing that). And yes, if ETH had done that it would've been a lot better. All Ethereum can be tracked on chain. Just like every other public blockchain. >Only 376 holders control 33 percent of the circulating ether supply, a May 2019 report found. This is literally including smart contracts which is so disingenuous it's not even funny and is also older than my source.

captaincryptoshow

Interesting that both EOS and Cardano have fallen victim to the same sort of issues / criticism.

Reasonable_Safety_88

Anyone knows what’s the deal with EOS now?

Dauren1993

Do y’all think solana will end up like EOS

itcouldbefrank

Solana network is already supported by big exchanges like Coinbase, FTX and Binance. One can move their USDC around with almost zero fees. Nothing like Tron or EOS.

Set1Less

The only other "blockchain" that did this was EOS, and they are the exact same kind of charlatans as Solana.. really no surprises there. Both glorified databases run by a bunch of shady teams

Nobodynm

Pointing primarily at EOS lol. Biggest hyped coin to destroy eth and it got pummelled into non existence.

SakuraNinja12

On the 24 hr chart, Eth classic is up 14%, Defichain is up 14%, RVN is up 7%, BCH is up 5%, EOS is up 3%, ICP is up 3%, Cel is up 2.5%, Cake is up 2.2% and a few other alts are up small amounts too. Compared to those, Ethereum is up around 1.9% on the 24 hr chart

DigitaleDukaten

Why in the name of god would you buy EOS?!!! DONT BUY THIS PIECE OF CRAP!

Odysseus_Lannister

Lol EOS? That’s a name I’ve not heard in a long time

KillSmith111

EOS? Lol

Apartment-Unusual

EOS gained 25% past month, hardfork is coming this month, rebranding is coming, community kicked block one out… so Block One is maybe dead… EOS not yet.

captaincryptoshow

EOS 2.0

Skeptain

Comparing Cardano to EOS is far from any reasonable argumentation. And I am not sure if BTC is a safe bet: https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money

UnrulySasquatch1

EOS

xangchi

NEO, XLM, EOS and so on.

Trans-on-trans

EOS is definitely up there. It's strangely bizarre that their cryptocurrency runs and works insanely well still in comparison, but their project is dead in the water, seems like they finished their product then completely abandoned it.

ProfessorPurrrrfect

Let’s see…EOS, NEO, FunFair 😆, Civic, GBYTE, Golem, Polymath, etc. Everyone goes though their alt-phase, mine was comically awkward in retrospect

N1n3ty9

Investing 20 ETH in EOS…

ShinAlastor

I trust only Bitcoin and Ethereum. Too many projects in the past were supposed to be x-coin/token killer, for example EOS. Don't get hyped by some developer or whale.

mlparff

EOS peaked just after the crash, but had a lot of hype and was supposed to be the ethereum killer.

Zuluuz

Surprised nobody mentioned EOS

Mediocre_Piccolo8542

The same Saylor who told people to sell their houses and take loans to buy BTC at 30-69k dollars? The same Saylor who was already investigated in the past? I know quite wealthy people who already sold their BTC for something else BECAUSE they just see how endless indoctrinated/uneducated parts of BTC maxi community are, especially things like even considering Saylor as one of their "BTC faces", together with the another shady BTC maxi Cory Klippsten who was shilling EOS few years ago, or Pompliano who was shilling another failed platform. Ultimately, markets are forward thinking, serious investors are observing the entire development of BTC, also considering the behavior of the community. The approval for shady personalities already had negative effect on price and development, no doubt about it, and it will continue in the future, but it is gradual process. Unless something about the BTC culture changes.

educatemybrain

Yes. To see the future of your bags look at graphs of all the alt L1s from 2017 - EOS, NEO, XLM, etc

b0ng0c4t

OMG xD that got me xD checking the whitepapers of EOS

dajohns1420

99% of people don't know how to do their own research, and about 50% of the time, thay research doesn't matter. About have of crypto volume is faked wash trading, and 95% of NFT volume is. The success of a project depends a lot on whether the founders, and whales choose to wash trade, and participate in hype pumps. The coins that have little no none of this, get way more attention and investment, while projects that take the higher road are called "dead' projects even though they have a supperioir blockchain. Just look at EOS. It was one of the best performing cryptos for years, in the top-10 for a long time. After investigating their ICO Years later, it's apparent the early price action was complete manipulation, and lighter manipulation has been happening since. When doing research on an early crypto project, yournstarting premise shoukd be that that 12 years of these markets is not a long time, ponzis have lasted longer. There is absolutely no.way to tell the long term viability of this entire industry. That the current price of every crypto, has future use priced in already, even though it is far from a sure thing, and probably.more unlikely than likely. You should realize Any coin that has potential to 1000x, does not have enough history to even know if it will be around in a year. The more established ones like btc will never 1000x. You should always start with the fact that the project your jmbesting in, more than likely will not be there in a few years, and could potentially be a scam. It's like investing in a start up that has not proven profitability. Yoh also have to remember crhpto is experiencing its first recession. The markets have been in a bull market for btc entire existance. We have no idea how it will perform in a depression, but since its obviously a risk on asset, it will more than likely preform poorly. You keep things like this in mind, you will draw the co conclusion that this is an incredibly risky market, and it's irresponsible to put more than a very small fraction of your money into any project. Just because BTC has performed this way for 10 years means almost nothing. 10 years is a blink of an eye. Amazon took over 10 years to reach its 2000 ATH. Recognizing these realities is what has allowed me to make money in crypto for years now, without ever taking a big loss. I may not be a millionaire, but I'll consistantly continue along money while immature investors will become millionaires from a project, only to lose it all in Celsius or something similar.

coinfeeds-bot

tldr; Drife aims at disrupting the existing business model by making ride hailing more efficient, transparent, and fairer. Unlike centralized ride-hailing apps, Drife is designed to take no commissions from the drivers. Drife only charges fees once a year as charges for using the application. It's built on the EOS blockchain and is focused on giving controlling power back to people that create value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

b0ng0c4t

this is not an advise or how you should to invest. But I am going to say you is that seeing XRP, ADA, SOL, SHIB, EOS, APECOIN, ICP on the top 100 I understand that people are ilogical and we move and put money by emotions not because we are some kind of smart people. The smart ones bought BTC when a Pizza cost 22k of BTC or the guy how spend 135$ and get 1k of BTCs and now is leaving in a Luxury flat and still have BTCs. We are just trying to make some money and everyone follow their strategy. I believe in the love for the king of memes and the stupidity of the ones who want to become rich quick, at least this is my bet.

recuzasedg

> Bitcoin, BNB, EOS, QNT and CHZ are flashing bullish technical analysis setups which could lure buyers if the wider market enters a relief rally this week. Amongst others, I'm not too convenient with QNT. I'll rather replace it with QANX which is a Layer 1 quantum-resistant hybrid blockchain.

ECfnWNL

Not that I know off, but if you look at the bearmarket EOS (and Chilliz) are the only 2 coins who appear to be unaffected by the market. Filter last 7d on % increase and you'll see. Hence the question.

SakuraNinja12

I've been seeing EOS mentioned here lately, but a while back the chain seemed really dead. Is there anything going on with the project lately?