We meet again on homework for the 9th week of Steemit Crypto Academy. This time I will make a post for the homework of @alphafx. The topic I will discuss is comparing 2 different Blockchain which is Ethereum and EOS.

Ethereum

Ethereum was created by a Russian citizen named Vitalik Buterin in 2015. He is a programmer who has Russian and Canadian blood. The initial concept that Vitalik Buterin wanted to create was that he wanted to abolish the third party system that existed in every financial transaction, therefore he created a self-sustaining mechanism and created the world's first Blockchain system that takes the Decentralized Finance system which means it does not require the third party.

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Ethereum is also the first blockchain to patent something very new in financial transactions, this system is called smart contracts. It is a system that allows people to agree to the environment without having to resort to complicated financial terms. This technology was created to overcome transaction speeds which usually take a very long time.

EOS

EOS is a Blockchain that is relatively new and fresh because EOS first launched its project in 2017. The creator of EOS is Daniel Larimer who is a former maker of the Steemit Platform. This project establishes its offices located in the Cayman Islands.

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EOS can also handle smart contracts because indeed the main goal of EOS is to become a smart contract blockchain that has the cheapest and fastest transaction prices ever, and it aims to become the most scalable blockchain in the world. EOS is often referred to as a competitor to the Blockchain that we previously discussed, namely Ethereum because the market that EOS is aiming at is the same as Ethereum.

EOS is also a decentralized blockchain just like Ethereum, meaning that it is not controlled by any third party or financial institution.

Comparison Between Ethereum and EOS

There are several similarities and differences between these two blockchains, both of which have their own advantages and disadvantages. You can see a comparison between the Ethereum Blockchain and the EOS Blockchain in the table below.

Variable	Ethereum	EOS
Developer	Ethereum Foundation	Block.One
Launch Date	July 2015	June 2017
Finance System Type	Decentralized Finance	Decentralized Finance
Transaction Fee	<$1	Free
Transaction Speed	16 seconds	1.5 seconds
Transaction Per Second	30 TPS	3000 TPS
Total Coin Supply	∞ (Infinity)	1 Billion
Blockchain System	Old	New
Smart Contract	Yes	Yes
Security Level	Medium	High

Comparison Table of Ethereum and EOS

Conclusion

That's the comparison between the Ethereum Blockchain and the EOS Blockchain. Both have similarities and differences in their systems and each Blockchain has its own advantages and disadvantages. So choose the one that suits you best.

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