I'm brand new to this forum so I'm not entirely sure if there is a search within thread option anywhere...
So if this is redundant, feel free to ignore it!
Ethereum is a fantastic platform, but probably not the "Web 3.0" as advertised in the OP. EOS, on the other hand, has a very good chance of being this sort of platform.
In very broad, layman's terms, Bitcoin (and similar) was designed specifically as a currency. It is a single purpose technology and can accurately be described as a cryptocurrency. Ethereum is a smart contract platform which was NOT designed to be a currency. It was designed in order to run other programs (or dApps - Distributed Apps). Ethereum has it's own limitations, but is being pretty heavily utilized and has a lot more potential to grow, especially after the change to PoS. EOS can be compared roughly to Ethereum, but more aggressive. If Ethereum is an operating system which allows applications to run within its framework, EOS is the computer itself which allows an operating system to do its thing.
There are tons of great DLT projects out there and the list will continue to grow. If you are considering investing, think of it like the dot com bubble. DLT is simply a tool to make an already sound business idea more efficient.
Sláinte!
So if this is redundant, feel free to ignore it!
Ethereum is a fantastic platform, but probably not the "Web 3.0" as advertised in the OP. EOS, on the other hand, has a very good chance of being this sort of platform.
In very broad, layman's terms, Bitcoin (and similar) was designed specifically as a currency. It is a single purpose technology and can accurately be described as a cryptocurrency. Ethereum is a smart contract platform which was NOT designed to be a currency. It was designed in order to run other programs (or dApps - Distributed Apps). Ethereum has it's own limitations, but is being pretty heavily utilized and has a lot more potential to grow, especially after the change to PoS. EOS can be compared roughly to Ethereum, but more aggressive. If Ethereum is an operating system which allows applications to run within its framework, EOS is the computer itself which allows an operating system to do its thing.
There are tons of great DLT projects out there and the list will continue to grow. If you are considering investing, think of it like the dot com bubble. DLT is simply a tool to make an already sound business idea more efficient.
Sláinte!
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