jakiro
Source: Plain Language Blockchain
The crypto community has always had many branches of different projects, from the earliest Bitcoin hard forks, LTC, Doge and other “counterfeits”, and later, well-known factions such as Ethereum, EOS, and Solana were born one after another.They represent similarities and differences in ideas and directions. Their cooperation in their respective ecology is more about communities attacking each other due to different opinions.
Since Solana performed well in this round, while Ethereum’s performance was relatively unsatisfactory, people in the Solana community said that ETH was like EOS in that year, while people in the Ethereum community fought back and said that SOL was EOS.When a project is considered like EOS, it means it is considered to face unpromising prospects, or enters a “bottomless abyss”.So, which one is more like EOS, ETH or SOL?Today we will look at it from multiple angles…
01Technical route and design concept
As the underlying public chain, Ethereum, Solana and EOS at that time, the most important goal of their technical solutions is to break the “impossible triangle” of blockchain and become a safe, reliable, high-performance, and highly scalable infrastructure.
In terms of capacity expansion solutions, Ethereum chose to go from POW consensus mechanism to special POS consensus mechanism and plans to improve network throughput through sharding in the future.It was later tentatively changed to a scaling scheme centered on Rollup Layer2’s layered expansion plan, and some progress has been made.
Compared with Ethereum, Solana has used the “Proof of History” more radically to achieve faster transaction confirmation.This consensus mechanism achieves high performance and can handle a large number of transactions.Similarly, EOS was also the main focus of high-performance blockchain at that time, and achieved extremely high throughput through the DPoS (Delegated Proof of Stake) consensus mechanism.
In terms of technical routes, Solana and EOS are more similar. They both expose some problems of node concentration by radically pursuing extreme performance while sacrificing part of decentralization.However, the difference is that although Solana has experienced several unstable downtime experiences, it is gradually optimizing and upgrading.Ethereum’s solution is considered more conservative, and in order not to sacrifice decentralization, it has chosen a difficult and complex path.
02Sustainability
“The road knows the power of horsepower, and the heart of people will be seen over time.” In the ever-changing field of encryption,“Surviving” may be the most valuable feature of a project.Many times, innovation also means taking an unusual path and facing more risks and challenges.
Historically, Ethereum has withstood the challenges and tests of “time”, second only to the crypto asset leader “Bitcoin”.At present, Ethereum still maintains the largest development community and active ecology, and has a moat for real application of concepts such as DeFi. Continuous innovation and ecological construction have made it firmly positioned as the “second” of crypto assets.
EOS seems to have not withstood the test of time. EOS and its ecosystem have been in a glorious for a while, but then some sustainability shortcomings were exposed and eventually became in a slump. It is still unknown whether it can be “killed back” in the future.
Solana, which has a shorter history than EOS, has also experienced the harsh impact of the collapse of major supporters SBF and FTX, as well as frequent downtimes, attacks and other incidents.It is also considered to have been through a long time, but it also exposed some stability and safety issues, and sustainability is facing a test.
Perhaps based on the relatively “failure” experience of EOS, the Ethereum and Solana communities will carefully consider the issue of sustainability.
03Community support and agency support
The development of crypto projects is always inseparable from the continuous support of the community, and of course there is also the shadow of institutional capital behind it.Ecological prosperity cannot be separated from communities, and the capital brought by institutions accelerates its progress.
EOS actually had a broad community consensus in the early stages of its launch, and it also received a lot of capital and institutional support. Its development company Block.one also invested a lot of money and manpower.However, due to the pressure brought by US SEC regulation, Block.one, as a project party, cannot directly participate in the launch of the main network and the operation of the project. After the lawsuit with the US SEC, he even chose to lie down with the huge wealth in his hand., which is equivalent to throwing the project to the community.
Due to the influence of governance models and centralization issues, the community consensus of EOS has gradually weakened, and the confidence of supernodes and developers has gradually lost. Finally, this is the result we see.
Compared with EOS, Solana has received relatively more support from Wall Street elites and capital. The good trend seems to have gathered a strong community consensus in the short term, and its project team leadership is also extremely active in the community., coupled with the loose state of US cryptocurrency regulation after Trump took office, the Solana team will not have similar pressure. On the contrary, because of the popularity of concepts such as Meme and the “identity” of Made in USA, it has received continuous capital support.
Ethereum doesn’t need to say much about community and institutional support.As the second largest crypto assets and the only second US spot ETF, its ecological maturity and liquidity are significantly leading. Coupled with the sustainability advantages of the project, its long-term attractiveness is expected to only increase and not decrease.
04summary
Although we have analyzed the similarities and differences between Ethereum, Solana and EOS from multiple important angles, on the surface, Solana is more like radical EOS.Ethereum is more stable, but the conditions of “time”, “place” and “people” are different. Perhaps no one is like each other, and each will face different tests and challenges and their own unique paths.
Everything will be proven to be true. Under more friendly regulatory conditions, crypto projects such as Ethereum and Solana may have a bright future.
