1. Network expansion ability:
EOS allows confirmation to take only 1 second, unlike most other blockchains (ETH and BTC are examples). EOS has a trading capacity of up to 6,000 transactions per second. This speed is essential for developers writing applications for a large number of consumers, or platforms operating globally. Having a very short confirmation time opens the door for cross-linking between chains, when one chain can use information from another (for example, using the age of a person in the chain). about personal identity). Therefore, the main chain will not be slow due to having to load more data into blocks.
Meanwhile, ETH has high transaction fees, lack of scalability and low transaction speed (only about 10-15 transactions per second). In addition, the time to confirm each transaction takes about 6 minutes. These things make ETH often criticized, not only when compared to EOS, but when compared to most emerging blockchains today.
2. Model without charge:
In the world of cryptocurrencies, fees are always present in every policy, for operational and security purposes. In the case of Ethereum, ETH is used to pay for each transaction by the participants. As for EOS, fees will be paid as inflation: 1% of the annual inflation level will be paid to block producers. This means that EOS token holders will pay fees through increasing the supply of EOS tokens instead of paying them directly.
To make it easier to understand, imagine having a decentralized version of Facebook. In this Facebook, every time you like, or comment or share a post, you need to pay a small network fee. The "fees" here create a burden for each user, minimizing the level of interaction. Of course, it's hard to beat "for free", and this is an extremely good ability of EOS, in terms of good applications and marketing.
Another thing is that dApps applications in the EOS platform need to own a certain amount of tokens to have the right to use the bandwidth. For example, if my dApp needs to use up to 10% of EOS bandwidth to operate effectively, I need to own (or rent) 10% of the total supply of EOS tokens. Therefore, with paying through inflation, this will affect dApps more than the end consumer.
EOS has many of the functions users need like any popular platform, such as the ability to recover accounts or passwords, or create accounts that are easy to read characters or names. EOS offers an option in the protocol layer so that a user can let their username be the address, such as @kiemtienso, and others can send money to that address. Meanwhile, the ETH account is represented by a string of characters, not practical for ordinary users, such as 0xdC1dd3CC91d1Dc65e63FF9AF4aff6dba2485d86F (my address, if you are kind, donate please help me, these days I'm so hungry). A typical user will not accept a job when they send money to the wrong address, even a single character, they will lose that money forever.
This is an important step forward in the protocol. Using a legible username instead of using a long string of meaningless characters is equivalent to typing facebook.com into a web browser instead of typing Facebook's IP. Over the past 10 years, a lot of BTC and ETH with a total value of more than $ 1.2 billion have been stolen or lost, and now EOS has a mechanism to recover the lost capital.
For consumers, another basic thing is that they can regain access to their email if they forget their password, and EOS is the first platform to apply account recovery at the protocol level.
With Ethereum, when it is necessary to fix some problems of an application, it can affect the whole network. However, EOS, by contrast, works by allowing the EOS to freeze, repair, or update that part of the bug without affecting other parts. For example, an application that has 2 parts, exchanges and purchases of goods, programmers can disable to fix 1 of 2 parts if necessary without affecting the rest.
5. Token model:
In current smart contracts platforms, typically Ethereum, tokens are used to pay network service fees. This means that the value of the token is not necessarily proportional to the global network usage. With EOS, tokens represent network ownership and access to network resources. A person who owns 1% of the total token supply can access 1% of network ram, bandwidth, memory, etc.This can be considered as digital property ownership because this resource is scarce, proprietary and governed by the system. As mentioned above, users do not hold tokens to pay for transactions, but they, especially dApps, need it to operate. Of course, the demand for token ownership will increase in proportion to the number of people participating in the platform.
P2P memory in blockchain is often one of the problems that big projects like Sia, Filecoin, Storj and LBRY are still solving. EOS offers a different solution than these projects. In the EOS platform, users can deposit their EOS tokens to get storage, this memory is integrated directly instead of through an intermediary that requires the application token. Owning tokens helps users gain storage. At the same time, token deposits will reduce supply, which is also a useful way to increase token value.