Ethereum, EOS, TRON: the battle for the decentralized application market

Блокчейн

A year ago, it was difficult to imagine that real competitors of Ethereum would appear on the market of decentralized applications, but it happened. Cryptocurrencies TRON and EOS have launched Dapp platforms that power hundreds of applications, but will they displace Ethereum from the throne? In this article, you will learn the opinion of the developers on this matter, the course of the media war and the current distribution of forces.

Media war between Buterin, San and Larimer
There are still few smart contract and blockchain programmers in comparison with the number of developers in classical directions, so the struggle for masters of computer code in the field of cryptocurrencies begins. You can win it by providing more convenient coding conditions or by convincing programmers of the competitors’ shortcomings.

The founders of the TRON and EOS cryptocurrencies, Justin Sun and Daniel Larimer, were the first to speak out.

Even at the ICO stages without a finished product, Larimer promised that the development of Dapp on EOS would be easier due to the use of the C ++ programming language. Sun, in turn, praised the good old Java language and teased Buterin. Vitalik did not remain silent and hinted at the plagiarism of the White Paper of the TRON cryptocurrency and the discrepancy between the TRX capitalization and its achievements (there was no finished product at that time).

Переписка Сана и Бутерина

The war between the ETH and EOS cryptocurrencies did not end in words. The Ethereum network was forced to endure a sharp increase in the price of commissions to miners (gas) for deploying a smart contract to the main network. The investigation revealed that the most likely culprit was an account linked to EOS.

The act was ugly, but the fraud clearly showed the scalability disadvantages of Ethereum, which had already appeared before. Buterin’s competitors worked not only to compromise a more powerful rival, but also strengthened themselves. So, the TRON platform bought BitTorrent and killed two birds with one stone: it gained a large number of users and signed an experienced team of distributed applications developers.

The ICO stages of both projects were completed, after which the tools for the development of decentralized applications were released. In the spring, the first lessons on programming on EOS began to appear, but the TRON Dapp platform was officially launched only in October 2018. As a result, the first tutorials on programming on the Tron blockchain appeared just two months ago.

Continuing the battle for the number of applications, Justin Sun made a loud statement on his Twitter. He wrote that he will create an Ethereum and EOS application rescue fund that will help them migrate to the TRON blockchain.

Фонд

Твиттер рейтингового агентства Weiss Ratings защитил Бутерина и Ларимера, указав на маленький размер сообщества криптовалюты TRON и нецелесообразность подобных высказываний.

Теперь пришло время отбросить в сторону разговоры и провести сравнение блокчейн-платформ по двум характеристикам:

  • Отзывы разработчиков.
  • Статистика.

Отзыв программистов о EOS, Ethereum и TRON

Большое количество блокчейн-разработчиков сходятся во мнении относительно того, что на данный момент учить примеры смарт-контрактов и окунаться в разработку децентрализованных приложений проще с платформой Ethereum, так как для нее выпущено огромное количество гайдов. Самый лучший сайт для самостоятельного изучения Solidity ‒ CryptoZombies от Loom Network.

Отзывы

It should be noted that without knowledge of JavaScript it will be very difficult. As for choosing the best platform for Dapp, there is no definite answer – it depends on the goals and modes of operation of the application:

Ethereum. Due to the formed industry, it is ideal for creating tokens (ERC-20), ERC-721 projects (CryptoKitties), but not very large-scale and complex. As for the rest, it is very difficult to do some complex projects now. Ethereum has serious technical limitations: POW consensus, the very concept of gas, immutability of contracts.
EOS. A very functional platform that allows you to do quite complex projects, this is facilitated by the ability to update contracts (if a critical bug is found, it is easier to fix it), but the high cost of memory and the still dampness of the environment cause difficulties.
TRON. Few people have worked with this platform and it was not possible to find a programmer’s feedback. From the lessons available at the moment, we can conclude that development on the TRON blockchain is very similar to Ethereum, especially in terms of supporting the “heavy and incomprehensible” Solidity and TRC-20 tokens – counterparts of ERC-20.
In general, if the project is not an ICO with a token, then programmers are advised to target EOS or even look at other alternatives, which we will discuss at the end of the article.

Application statistics on DappRadar
This site tracks applications on the three most popular Blockchain Dapps: ETH, EOS, and TRON. Ethereum is predicted in terms of the number of programs – 1348 in total, of which more than 230 are visited every day. EOS is in second place: 269 Dapps, of which there are 156 visits. TRON closes the top three: 107 programs, 70 of which are with users.

In terms of the capitalization of smart contracts in 7 days, TRON has the best performance – $ 258 million, 232 of which are provided by the TRONbet app. The second line is taken by EOS – $ 186 million. In the last position in the rating by capitalization of ETH – only $ 14 million.

In the ranking in terms of transaction volume, the sole leader is EOS – TX 20 million. The second place is behind the Tron – 8.6 million TH, 6 of which belong to the TRONbet app. The volume of transactions of the ETH to LTC cryptocurrency in the programs under consideration does not even reach a million.

Статистика

The last criterion for comparing blockchain platforms for Dapps is the list of new applications. Of the 44 New programs, 21 were created on the air, 15 on EOS, 8 on Tron. The conclusion on the analysis of statistics is best done after a time, when the artificial pumping of indicators stops. In general, the parameters confirm the competitiveness of EOS and TRON.

Alternative Dapp Platforms
Cryptocurrencies NEO, Qtum, Cardano or the Hyperledger Fabric project also claim their share of the Dapps market. The success of the alternatives is not so great. For example, NEO doesn’t even have 50 working apps. High hopes are shown by Cardano, which only released the SDK in Rust in October. Given the activity of the programmer team, this year we can rightly expect the appearance of applications in the Cardano sidechains and a full-fledged Dapp ADA observer.