If blockchains truly are the method of computation and mass data management of the future, then they'll need to grow beyond just giving us cryptocurrencies that we can HODL, bet, trade, and become billionaires with. It needs to have some form of utility, whether it's the boring stuff like finances or gaming and other forms of entertainment such as social media. In that case, how does a comparison between EOS vs Tron fare as two core building blocks for our decentralized future?
They are both poised to be the underlying foundations for the world's many platforms and services to create upon, powered by high-performance and incredibly versatile blockchains, both promising powerful smart contracts and the ability to make world-class dApps. Would you prefer EOS‘ focus on building highly scalable blockchains for enterprises or Tron‘s bountiful world of content creation and consumption? Well, read along our EOS vs Tron to see which one leads in the blockchain wars.
EOS vs Tron Comparison Table
|Ranking: 27||Ranking: 20|
|Network Fees: Low||Network Fees: Low|
|Market Capitalization: $6,521,209,282||Market Capitalization: $9,623,647,571.07|
|Circulating Token Supply: 953,064,406 EOS||Circulating Token Supply: 71,659,657,369 TRX|
|Transaction Speeds:1,000 TPS under normal operations, or 50,000+ TPS under optimized conditions||Transaction Speeds: 1,000 TPS under normal conditions, or 2,000+ TPS under optimized condition|
EOS vs Tron – Main Differences
Although both EOS vs Tron offers blockchains that focus on creating and executing smart contracts as well as the development of dApps at a large scale and low cost, they differ somewhat in their area of interest. The main audiences for EOS are primarily enterprises and institutions that require a high performant blockchain to handle mission-critical data. Meanwhile, Tron's focus is directed towards content creation, consumption, and sharing as well as the wider entertainment business.
What Is EOS?
EOS is a blockchain protocol designed primarily with the aim of offering high-performance smart contracts and decentralized applications (dApps), while also moving towards creating a blockchain network that could accomplish mass market and mainstream adoption. In some ways, we can compare EOS with Ethereum or Cardano, whose blockchains are incredibly versatile, modular, and can be reprogrammed to suit any use case, from decentralized finance to blockchain-based gaming.
With that in mind, EOS's underlying open-source blockchain, built by the support of Block.one and EOS.IO, is made to be easy to develop and deploy, not to mention being infinitely scalable to meet future network growth and increasing computational requirements. Its user-friendliness is juxtaposed with a blockchain meant to target enterprises that require a blockchain that is robust enough to avoid downtimes, and secure enough to avoid malicious exploits to pry at sensitive data.
What Are EOS's Unique Features?
In our EOS vs Tron review, we can see that EOS is very flexible and configurable as a blockchain, as is evident by the number of unique dApps spanning a diverse array of services and offerings through DappRadar, such as DeFi services, games, social networking, and more. Therefore, it's not just meant to target businesses or institutions. Either way, one of EOS's key USPs is its ability to solve some of the problems with Ethereum. Mostly, this is in regards to questions surrounding scalability.
While Ethereum can handle around 15 TPS (transactions per second) on average, EOS's blockchain could easily compute at least 1,000 TPS. It has been seen operating at 10,000 TPS before, with 50,000 TPS could be reached under more optimized conditions. With future updates to the EOS network, we could see its blockchain be able to handle “millions” of transactions per second. This should be able to attract more mainstream platforms today that want added room to grow.
The key enabler to these high throughput speeds is the use of Graphene, which is a specially designed processing software that leverages parallel computation on the EOS blockchain. Otherwise known as ‘horizontal scaling', EOS's parallel processing divides regular transactions and smart contracts execution separately among different processors. Combined with multithreading capabilities, this is an overall much more efficient way of computing large sums of data within the blockchain.
What Else Could EOS's Blockchain Do?
Altogether, the only downside that we can pinpoint in our EOS vs Tron review is how its Delegated Proof-of-Stake (dPoS) blockchain is more centralized than other chains, with only 21 block producers that have control over the entire network. Other than that, EOS presents significant benefits, such as how it can be adopted. EOS could be deployed as a privately-run permission blockchain within an enterprise intranet, or it could be left open as a publicly available, permission-less protocol.
EOS's business-friendly approach is evident through the added services tailored for them, such as a blockchain-as-a-service (BaaS) package where businesses could reduce the complexity, cost, and resources needed to built and deploy EOS natively. Development on top of EOS is made easier too, as there are a large number of built-in natively embedded SDKs and tools, as well as the decision to use popular and mainstream coding languages to build or port existing dApps onto EOS.
What Are EOS's Native Cryptocurrency Tokens?
The native cryptocurrency token of the EOS blockchain ecosystem is the namesake EOS token. Within the EOS network, EOS is used as a utility token. There are no gas fees on EOS that are attached to transactions or network-wide actions. Instead, EOS adopts a model of using network resources, such as ‘CPU' for processing power, ‘NET' for bandwidth, and ‘RAM' for on-chain storage. To undertake transactions, users need these network resources, which can be bought using EOS.
EOS tokens do not have a set supply cap. Instead, they've been programmed along with a set inflation rate of 1% every year to improve the liquidity of the EOS ecosystem. As of writing this EOS vs Tron comparison, the price of one EOS token is $6.84. They have seen a modest appreciation in recent months, as more developers and projects are seeking more scalable and less congested alternatives to Ethereum. With a market cap of $6,521,209,282, EOS is the 27th-most valuable cryptocurrency.
What Are EOS's Future Roadmap Updates?
As of writing this EOS vs Tron comparison, we've not been able to find a set roadmap timeline for the development of the EOS network. However, blog updates show that they are working on several incremental updates and improvements. For now, their biggest and most anticipated generational upgrade would be ‘EOS 2.1‘. This major network refresh should see new optimizations for both public and private deployments, such as making it easier to sort and find data stored on-chain.
Performance of the EOS network should then be improved thanks to changes with new on-chain storage and the arrival of the Nodeos ‘failover solution', which brings data recovery and backup functions for the EOS blockchain, as well as improving its resiliency against downtimes. For the enterprise sector, a welcoming update coming along with EOS 2.1 might just be the ability to remove or modify certain on-chain data, with may help with privacy or regulatory compliance.
In the first half of our EOS vs Tron review, we can definitely see why in 2017, EOS raised over $4-billion in the biggest ICO listing to date, despite the strong competition in this space. Regardless if you're a suited up corporation or an aspiring indie developer, EOS has built a blockchain that could do everything from running smart contracts or dApps, within an ecosystem that can (theoretically) scale to infinity, offers speedy processing times, comes at little to no cost, and is easy to work with.
What Is Tron?
Founded in 2017, Tron is a blockchain protocol supported by the TRON Foundation, which in itself is controlled by the controversial Justin Sun. Similar to EOS, Tron was built to help cater to demand high-performance blockchains that are able to seamlessly scale and offer high throughput speeds with low fees. Specifically, this is concerning the ability to issue and execute smart contracts, as well as decentralized applications (dApps). However, Tron is more focused on digital content.
Compared to EOS's more generalized potential use case, Tron's entertainment savvy has led to it being the underpinning to many content creation and consumption services. This includes the blogging site, Steemit, or the video hosting platform, DLive. Tron has even purchased the popular peer-to-peer file sharing service, BitTorrent. Aside from that, key areas for Tron are blockchain-based gaming, as well as live streaming services, and other content-related platforms.
What Are Tron's Unique Features?
As with earlier on in our EOS vs Tron comparison, Tron was programmed to try and solve the key challenge plaguing many blockchain ecosystems today; scalability. Compared to the paltry double-digit TPS metrics of most competing major blockchains, Tron can compute around 1,000 TPS easily, or upwards of 2,000 transactions per second under optimized conditions. For the most part, we can attribute this ease of scalability to Tron's adoption of Delegated Proof-of-Stake (dPoS).
This form of consensus, as we looked at earlier with EOS, has enabled the Tron blockchain to improve its data verification and processing to ensure high throughput speeds with little congestion and very low fees. The trade-off is that a dPoS structure is more centralized, as block generation on the Tron blockchain is controlled solely by 27 Super Representatives. Another reason for this boost is the use of a three-layer design, split between the core, storage, and application layers on Tron.
A triple-layer architecture should better optimize the processing workload for smart contracts execution and running countless dApps on the Tron blockchain. Although Tron doesn't natively support the programming of smart contracts and dApps using popular and commonly used languages, it does support Solidity. Later powered by the EVM-compatible Tron Virtual Machine (TVM), this should make it easier for Ethereum developers to port over their dApps from Ethereum.
What Else Could Tron's Blockchain Do?
Aside from just the Tron blockchain, they offer a number of extra services that we've found for our EOS vs Tron comparison. One of these is TronGrid, where developers could build dApps and smart contracts on a cloud server, as well as hosting them on full load-balanced Tron nodes now processing more than 1-billion transactions every day. This enables developers to actively be a part of the Tron network without having to invest heavily in new hardware or IT infrastructure.
Moreover, Tron now has a new sidechain project in the form of the Sun Network. Made compatible with the primary Tron blockchain, the Sun Network is meant to offer the developers of dApps greater network speeds and improved security while also lowering energy consumption. Due to lower resource requirements on the Sun sidechain, creators can save on operational costs, and also be able to instantly switch and interoperate with the main Tron chain if they need to.
What Are Tron's Native Cryptocurrency Tokens?
The native cryptocurrency of the Tron blockchain network is the TRX token. As we mentioned, there are no gas fees on Tron. Instead, Tron adopts a ‘bandwidth' mechanism to represent network resources that users will need to purchase to power a transaction. Bandwidth can be bought using TRX in order to pay for network fees. However, transaction fees on the network could alternatively be settled using TRX tokens directly, which will then be burnt to reduce its supply.
For its tokenomics, Tron does not have a fixed supply and thus follows an inflationary curve like EOS. With a block generation timing of 3-seconds, the Tron blockchain will inflate by roughly 1.38-million TRX each day. As of writing this EOS vs Tron comparison, the value of one TRX is $0.1343. They have seen healthy appreciation lately thanks to increased popularity, with its market cap rising to $9,623,647,571.07, now making Tron's TRX the 20th-most valuable crypto on the market.
What Are Tron's Future Roadmap Updates?
While writing our EOS vs Tron comparison, we've not been able to find a precise, real-time roadmap. However, Tron drew up a long-term plan with six distinct phases which should see a rollout of features starting in 2017 and ending in 2027. We've already completed the Exodus and Odyssey phases and are now in the Great Voyage phase, which should last from July 2020 to July 2021. Here, we'll see attention being put on third-party initial coin offerings (ICOs) on Tron.
Tron already allows for projects built on its blockchain to issue tokens, just like BitTorrent's BTT. The next update should be Apollo, a phase lasting from August 2021 to March 2023, where we'll experience the ability for individual content creators on Tron being able to mint and issue their own tokens on Tron. After that, Star Trek and Eternity, respectively, will see an emphasis on gaming, which includes native on-chain crowdfunding abilities and the creation of a predictions market.
Now ending the latter half of our EOS vs. Tron comparison, we're left very intrigued to see where Tron will end up in the coming year and months, looking aside the barrage of controversies over its founder. The rest of it, however, is a blockchain network that promises to solve any qualms over network congestion or slow process times, where dApps and smart contracts can truly flourish in what could very well be a new frontier for the multibillion-dollar entertainments industry.
EOS vs Tron – Conclusion
That now concludes our comparison between EOS vs Tron, but as competitions go, it's now time to crown a winner. Which one of these blockchains comes out at the top; EOS or Tron? Despite both having very sharing very admirable traits such as breaking past the boundaries of scalability and allowing developers to build dApps or smart contracts without significant headaches, on top of building an ecosystem that is both fast and very cheap; the EOS blockchain wins this time around.
This is down to EOS's unique approach towards catering for the big enterprises and institutional players with blockchain-as-a-service (Baas), as well as how easy it can be developed and integrated into their existing IT networks. With large businesses often playing a watershed moment, this could potentially open the floodgates with which we'll start to see mass adoption for blockchain technology, not just within the realm of businesses but also for regular consumers like you and me.
Surely, we can agree that this is a good thing for every blockchain, including EOS's rivals. With that in mind, it's not like Tron got the shorter end of the stick in our EOS vs Tron review, as they too have a lot of unique features that distinguish them from many blockchains today. As content creation and consumption becomes a larger phenomenon across the world wide web, its inevitable move onto the blockchain will need something to power them, and one that Tron happily provides.