Bitcoin is the world’s first digital currency in the world. Before Bitcoin, there was no such currency. It is not tied to anything and its price is regulated by market supply and demand. Bitcoin is a worldwide payment system through which transactions can be conducted. Its main feature is that the Bitcoin system does not have a control center and all operations take place in a network by equal customers. Bitcoins aren’t printed like dollars — they are issued by the participants of the system all over the world, who use freely available software to solve complex mathematical problems.
Ethereum is a decentralized platform, the main feature of which is smart contracts. Smart contracts are programs/applications that run and run uninterruptedly on the network. The code of smart contracts is visible to everyone and does not allow changes, which provides absolute openness and protection against fraud.
Ripple is a global system for inter-currency payments, created in 2012 by Ripple Labs. The main advantage of the network is that it allows mutual transfers to anywhere in the world in just a few seconds.
Monero cryptocurrency is a great option for those who put anonymity and transaction security first. And the quality of engineering developments aimed at the desires of users only increases the chances of the digital coin to take a leading place in the cryptocurrency market and to press the legendary Bitcoin. Already today, the developers plan to implement a large number of new projects. By the way, several of which were implemented in 2017.
EOS was the answer to the difficulties in implementing the capabilities of smart contracts in Ethereum for many promising areas. Bitcoin and Ethereum in their current state are simply unprofitable and inconvenient to use for some areas that require large network bandwidth. Bitcoin, Ethereum and other platforms are clogged with traffic. Ethereum can only process tens to hundreds of transactions per second. For example, the speed of PayPal is about 200 transactions, Visa is about 2000 (with peaks up to 4000). On Twitter, Bing and Facebook — from 500 to 1000 transactions/sec. EOS solves the scalability problem by increasing throughput hundreds of times. But, directly compare this engine with Ethereum is quite difficult, because they have a seriously different architecture. EOS initially has a hierarchical system of accounts and many management functions available to network members. These decisions are made on the basis of voting by stakeholders of the system and can greatly change the parameters of the system.