How many of these dashing claims can they actually prove?
The comparison goes something like this (Tron numbers are on the left, Ethereum numbers are those on the right):
1. 2000TPS vs. 25TPS
2. Popular sovereignty of token vs. Authoritarian rules
3. 100M Dapp users vs. Thousands
4. None fees vs. High fees
5. Coin burn vs. No coin burn
6. $2B bonus vs. Zero
7. High scalability vs Poor scalability
Recently, Justin Sun took to his Twitter page to announce the daily transaction volume on the Tron (TRX) network as surpassed Ethereum for two days in a row. So what?
It is obvious that as long as Ethereum is on PoW it will be everything but fast and scalable. Ethereum is the victim of copying bitcoin’s model of network securing but bitcoin’s value proposition is notoriously different than that of Ethereum. That is why Vitalik and Co came to the only logical conclusion: they need to switch the consensus mechanism to the one that enables fast transactions – Proof of Stake.
Eos, Tron and all other competitors of Ethereum boast with the speed and capacity of their blockchains, however, that is not really an achievement if you consider that they are dPos from the start. And dPoS has the so called initial distribution problem where it is hard to equally spread the coins over a lot of users to prevent plutocracy and centralization of power. Ethereum solved that, not intentionally but rather accidentally, by starting with PoW and eventually switching to the PoS. So, in this context, Ethereum actually fares better than its competition – yes, it is slow now but that is easily solvable. The uneven coin distribution is an intrinsic, persistent problem that will leave both Eos and Tron exposed to the threat of coin ownership centralization you can’t get rid of.
Once Ethereum is also on a proof of stake mechanism, EOS and Tron will lose their only perceived advantage over the incumbent dapps platform. So they need more features that distinguish them from Ethereum, otherwise it is going to be a winner takes all situation and considering Ethereum’s strong brand presence and first mover advantage, these two (and most of other projects) stand minuscule chances of surviving, let alone dominating this niche.
All these project are heavily reliant on their Foundations, or to be even more precise on the leading heads of those Foundations. Vitalik Buterin enjoys much bigger respect and is one of the thought leaders of crypto in general, whereas Justin Sun has a somewhat debatable resume. No doubt, he is a rich young man but he definitely is not the level of innovator that Vitalik is. I would gladly read a strong, throughly researched hypothesis on some crypto topic put forward by Justin Sun to convince me that I am not right in my assumption that he is not capable of writing something like that. He is a good marketer, undoubtedly skilled in hype generation and those were the main engines behind the Trons ascend.
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