Cardano is Clearly a Hit Against EOS According to Shelley Test
During the 2017 crypto bubble, several cryptocurrency projects were sprouting up from root level to popularity. It seemed like market manipulation, or as if some whales were artificially inflating prices. However, following 2018’s meltdown and subsequently dropping prices. A change in scenery spells impending doom for the crypto market. Let dig in.
Weiss: Cardano Beats EOS
A recent tweet by Weiss Crypto Ratings pumped Cardano priced earlier today resulting in a heated social media reaction. Surprisingly, there wasn't detail of explanation in the tweet rather than a call action to provide further information later on.
“Cardano is clearly superior to EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets.”
The crypto tribalism that followed between supporters of both rival blockchain projects created a digital fling of mud being slung back and forth. A large number of responses focused on discrediting Weiss for the blantant shill without backing up they're claiming with facts.
“This implies no more than proof of Weiss’ decreasing credibility” … “First and last point. They pay you more to get shilled” … “So this white paper vs live product you do this comparison ? No basis for these claims”
Cardano one one hand is a layered smart contract Decentralized applications platform separating itself as a third-generation entity. On the other hand is EOS with massive usage for its apps platform. Cardano is built on top of layers. The first layer is a settlement platform that handles cryptocurrency transactions using native ADA token. Another second layer controls the computing of smart contracts. Cardano prides itself on having implemented the modular proof of stake consensus algorithm, Ouroboros.
Meanwhile, it still seems early for Cardano to gain as much usage as EOS or even Tron. Nonetheless, a second tweet from Weiss noted a recent Shelly Testnet Snapshot giving clearer details on its endorsement.
“Cardano completed the 1st snapshot and balance check for its incentivized Shelley testnet. This latest step toward staking will allow investors to earn rewards on their $ADA for the 1st time.”
About The Author
Richard M AdrianBlockchain Analyst with a demonstrated history of working in the writing and editing industry. Skilled in WordPress, Editing, SEO Copywriting, Copy Editing, and Blog Marketing. When I am not writing, analyzing bulls/bears - I will be listening to music, reading a thrilling novella or hiking. Email me at Richardmadrian@gmail.com - And we could talk about anything - business or dragons.
Ukraine Passes Law on AML with Crypto P...Richard M Adrian 07:09 AM 07 Dec 2019
Immigration Bureau Arrest 24 Chinese Nat...Richard M Adrian 14:05 PM 06 Dec 2019
India's Central Bank (RBI) Reveals Plans...Olowo 06:03 AM 07 Dec 2019
Binance Seeks Staff To Ramp Up Its Prese...Sandeep Kumar Mishra 13:49 PM 06 Dec 2019
Ernst & Young Updates Ethereum with ...Richard M Adrian 13:32 PM 06 Dec 2019
Mnuchin & Powell Say Digital Dollar ...Shilpa Ranga 13:33 PM 06 Dec 2019
Crypto Opponent to Chair Congress Subcom...Richard M Adrian 13:10 PM 06 Dec 2019