Ethereum EOS or TRON?

Ethereum EOS or TRON? (writing in progress)

As of beginning of 2019, projects have a choice between 3 mainstream blockchains: Ethereum (ETH), EOS.IO (EOS) and TRON (TRX).
Prior to upcoming Ethereum Forks, I would like to make an overview of these for future reference. Main factors taken into consideration:

  • Decentralised Application (DApp)
  • Security (Sec)
  • Development (Dev)
  • Value (Value)

Ethereum (ETH)

Upon going live 2015, Ethereum has been the industry leader (and standard) in public blockchains with the majority of coins and crypto Apps using the network.

DApp:
ETH has 1847 Dapps. To be noted that there is only 1 ETH DApp among top 10 and only 6 among top 50.

Security:
ETH has an upper hand in experience and know how: since it’s inception they had a lot of time to hire right minds, which leads to a high ability to retain high security level. There might be a spike in highjacking activity during upcoming forks.

Dev:
Development and performance are fairly stable in ETH. In the short term DApp developers had a high motivation switching to EOS and TRON networks.

Value:
This is where we see a big difference between ETH and any other utility Blockchain. Second by marketcap (currently at US$ 14Bn) it’s almost 5 times larger compared to it’s closest pier, EOS.

EOS

EOS, started in 2017, is considered closest pier to Ethereum, and in fact has quite a few similarities. It’s current traction lies mainly in quality (vs. quantity):

DApp:
EOS has 220 Dapps. There are 6 in the top 10 Dapp list and 23 in the top 50. Unique points include DPOS mechanisms. The block time is 0.5 seconds, and the 6 confirmations = 3 seconds.

Security:
Sadly, above advantages come at cost. According to Golden Finance, EOS breaches are being detected on (almost) daily basis. Among 3 Blockchains compared here, it ranks lowest in Security. Main attack targets are EOS.WIN, EOSBet, EOSDice.

Dev:
EOS does not follow the decentralization principle, which results in an better user experience and stable performance. January 18, 2019, the EOS main network recorded TPS (the number of transactions per second) of 6234 times/sec.

Value:
Currently ranked at 4 in the coinmarketcap chart with a market cap of US$3.2Bn, EOS is a big player.

TRON

Tron is the “youngster” among 3 players we compare. Started 2018 as a coin on the ETH blockchain, Tron quickly separated itself from it’s master and became a rival. With current market cap of US$ 1.6Bn. it has shown an extremely high traction.

Dapp:
TRON has 129 Dapps. Four of them are in top 10 and 19 in the top 50 DApps. Similar to EOS, Tron features DPOS mechanisms. Block time at 0.5 seconds, and the 6 confirmations = 3 seconds.

Security:
Tron experienced a major breach in January, which somewhat indicates that the protocol is not as stable/prone/machure as ETH and EOS.

Dev:
A huge advantage of TRON is support of any high-level language for smart contracts. This opens up a huge range of applications for TRON developers.

Value:
Currently 9th by Market Cap, Tron still has a huge momentum with US$ 1.6Bn. in capitalization.

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