Ethereum: What Are Some Viable Alternatives In 2020
Despite its fame and glory, many see Ethereum as being flawed in ways that interfere with its original goal of being a decentralized platform that anyone could have access to in order to create/use a decentralized application, tool, or service. As many ETH users witnessed the last few months Ethereum’s gas fees skyrocket, sometimes reaching even $90 for a transaction of e.g. transferring $10 to your friend’s account or buying an NFT worth around $20.
Unlike Ethereum, EOS is using a delegated Proof-of-Stake (DPoS) mechanism, where block producers are verifying each transaction on the blockchain. In my opinion, despite its effort to put out a massively scalable dapp platform for the everyday user, EOS is not (yet) in the position to dominate over Ethereum.
