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RE: Will EOS Kill Ethereum? Part I

in #cryptocurrency6 years ago (edited)

EOS doesn't have to fork its blockchain if a smart contract has a bug in its code.

Neither does Ethereum, what are you talking about? Forking the whole blockchain to update one smart contract is ludicrous. Beside have you heard of the Open Zeppelin framework, they allow for updating smart contract on Ethereum. Here's some links:
https://epicenter.tv/episode/220/,
https://openzeppelin.org/

With regards to scaling, EOS will implement Inter-Blockchain Communications which will allow for infinite horizontal scaling through communications through different implementations of the same code, EOSIO.

Ethereum will implement sharding which will allow it to scale. Truth is, in the long term both chains will be roughly as fast although I admit EOS has a considerable head-start here but even EOS will bump into scalability issues eventually.

Ethereum is dead in the water in regards to transaction fees because the EOS does not have any.

Well users of EOS will pay fees in terms of staking ever diluting in value EOS tokens to maintain their account. Plus EOS development is expensive because of speculation on the RAM / CPU market, deploying a dapp on Ethereum costs around $50 (not counting development of course, just the deployment).

It's okay to support a project but at least do your homework on the competition @dappcast