Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

Vitalik Buterin says he has "some respect" for Ethereum's main rival

Ethereum co-founder Vitalik Buterin said he had "some respect" for EOS , the main rival of its creation.

Although Buterin did not agree with the delegated proof of participation model, he praised the project's efforts to develop an alternative “principled and consistent” niche in the cryptocurrency space.  

Buterin's enemy

In his article "Plutocracy is always bad", the Canadian prodigy criticized DPoS for inciting to buy votes by "cartels" who compete for high rewards for delegates.
This led to a long die fighting with the co-founder of EOS , Dan Larimer, who defended the viability of the controversial consensus model based on an analogy of radio station:

Delegated proof of participation systems give each stakeholder the power to vote for the people who control the issuer.

Recently, Buterin called Larimer a "true economic / technical thinker," but he criticized those around him as "snakes."

Not an Ethereum killer 

EOS is a blockchain-based platform for developing decentralized applications (dApps) using smart contracts. 

From the start, he earned the nickname " Ethereum killer " because he wanted to correct the main flaws of the main altcoins with his DPoS model.

Despite a significant gain in 2018 and 2019, EOS and Tron are struggling to keep pace with Ethereum due to the explosive growth of the decentralized finance ecosystem (DeFi).

According to a report by DappRadar,  EOS has so far had a fairly difficult year 2020 with an 80% drop in activity caused by network congestion.

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