Let's quickly take a look at the market cap of the major cryptocurrencies today.
The top five currencies are:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Litecoin
Out of the top five, two are forks of the original Bitcoin protocol (Bitcoin Cash, Litecoin) with only minor changes to the block size and block time. They do have any real technological differentiation from Bitcoin.
Ethereum and Ripple are, what I would called 2.0 blockchain and 1.5 blockchain respectively.
The Ethereum builds on the Bitcoin concept and adds a scripting language that allows for more flexibility to what can be programmed on top of a blockchain.
Ripple uses the concept of distributed ledger technology to facilitate better inter-bank transactions.
They both draw their philosophies and design principles from Bitcoin.
Ethereum still uses proof-of-work to secure their network, a concept that has been discarded by most new architecture.
EOS is a different animal altogether. It has different origin and a different approach towards building blockchains.
I'll be going over the whitepaper section by section over the next week.
You can find the whitepaper here: https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
Hopefully that will give you a better understanding of what EOS is trying to do and what it is trying to do and how it can change how we create companies of the future.
Post end notes
If you would like to know more about me and what I'm doing you can read my introduction post here.
Read my series on the Steem blockchain:
Steem: Welcome to the Matrix. Part One
Steem: Operating on the Matrix. Part Two
Steem: Construction of the Matrix. Part Three
And you can contact me in the following way:
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