The EOS (EOS) network growth appears unstoppable with the increase of companies building their dApps on the ecosystem. The influx of developers on the platform has seen many enthusiasts question the future of Ethereum in the market. The growing attention on the steadily rising outfit is a clear message that there is something the team is doing right compared to Ethereum leading to the current interest.
The EOS popularity comes at time when many developers appear to be uncomfortable with Ethereum. EOS is ranked fifth by market cap while Ethereum is 2nd and the value of ETH is on the downtrend while that of EOS is headed north a clear message that the popularity of the second popular network is declining with that of EOS on the rise.
Why the EOS Attractiveness
The EOS dApp ecosystem flexibility is a good reason for any developers to create customizable apps that have real life value. The outfit offers the next generation tools for dApps and this alone has seen many developers from various industries build on EOS.
According to the recent Block.one graphics, the ecosystem has attracted various projects spread across health, e-voting, e-governance, pawning, identification and communications among many. All these have come onboard just after the platform launch and the list keeps growing.
One reason Ethereum should be worried about EOS is that this is a new entrant into the dApp sector and is making heads turn given it is only a year old and entered the market without a real use case product. The steady growth has seen some big names identify with the coin and this is a big boost to its future.
Crypto Aware Investors Focusing on EOS Stability and Underlying Technology
The current crypto investor is not after the digital coin hype by the future and the value propositions they come with. Gone are the days when users where in the crypto verse for the sole purpose of prospecting. This has shifted to long term investment opportunities and promising coins are getting the best support from serious investors.
To this end, EOS has attracted investors of repute including Galaxy Digital owned by Mike Novogratz. Other names that feature prominently in EOS investors list include Louis Bacon, Peter Thiel, Alan Howard and Bitmain. The list has given developers the confidence they deserve to build their diverse apps.
Early EOS DApp Adaptors
Several successful dApps have been launched on the EOS platform as per StateOdThedApps report; some of the lading names include PRA CandyBox, EOSBetDice, EOS Lucky Games, EOS Knights and BetDice. These are the ones with a vibrant subscriber base. These span from bounty offerings, mobile games and get paid in crypto task based applications among others.
The ecosystem appears to entice developers from multi-niches and this is a huge challenge to the Ethereum ecosystem going into the future. These applications are poised to increase the EOS coin demand and visibility. This clearly shows that the platform s scalable enough to support many dApps.
EOS Scalability is a Strong dAPP Building Selling Point
EOS is commercially inclines and can support larger scale application for enterprise use. With the cross-chain-linkage, the project team is confident that the system can handle millions of transactions every second. A feat the market competition has not been able to achieve.
On the other hand, developers have the freedom to use the freeze and Fix broken app tools that do not affect the smooth running of the entire EOS network. What’s more; developers do not pay any transaction fees however, for developers creating new account, a small fee has been introduced for the RAM payment.