A dwelling opinion is that Cardano is set to be ~100x more decentralized when compared to BTC or ~50x more than EOS, when the mainnet is launched.  It has been stated that the throughput of Cardano can be used to ~1000 TPS, which is ~150x more than that of BTC.  When it comes to energy consumption, it is a few households when compared to a small European state.

And that was about the competition that EOSIO is facing.  On the adoption side for EOS, The Vigor DAC are approaching their first year anniversary.  The VIGOR protocol is set to be soon live on the #EOS public blockchain.  Vigor on EOS is in a mission to redefine Decentralized Finance.

EOS Israel tweeted:  “Block.one has been awarded a patent that covers the bidding on a post in a social media platform, as well as the incentivization methods for a digital identity. Voice Social is leading the way towards creating a new #DigitalIdentity on the #EOSIO #Blockchain.”

Sydney Ifergan, the crypto Expert, tweeted:  “While volatility is from where traders make some profits, every cryptocurrency wants to control their volatility, EOS blockchain has equilibrium facilitating EOSDT stable coin to control volatility.”

EOS Blockchain Equilibrium and EOSDT

EOSDT is the dollar-pegged currency that leverages the underlying EOS and BTC collateral to facilitate extra liquidity in the market.

Users can generate EOSDT stablecoins by locking up their collateral of digital assets in smart contracts until the repayment of generated EOSDT.

The EOSDT is built on the equilibrium framework leveraging the EOS blockchain on Ethereum architecture, making the cryptocurrency a more stable and practical cryptocurrency.

Alex Melikhov, CEO of Equilibrium, offering EOSDT, expressed, “The EOS blockchain is quite fast with huge network capacity and excellent potential for development.”  

Having been launched from April 2019, the EOSDT has managed to sustain traction. Thus, investors feel this is a comparatively, less risky investment.  This is very useful for several other financial use cases.

Stability is important because it encourages adoption and boosts its value as a financial tool.  Thus EOS has provided for investors with a stable coin that helps bridge the coin between the stability of fiat assets and the benefits, speed, and transparency of the blockchain.