What is the difference between EOS and Ethereum?

The main difference between EOS and Ethereum is the underlying technology.

Ethereum is a blockchain-based platform that uses its own native cryptocurrency, Ether, to power its network. It is designed to facilitate the development of decentralized applications (dApps) and smart contracts. On the other hand, EOS is a blockchain-based platform that uses its own native cryptocurrency, EOS tokens, to power its network.

It is designed to facilitate the development of decentralized applications (dApps) and smart contracts with a focus on scalability and speed. Ethereum uses a proof-of-work consensus algorithm which requires miners to solve complex mathematical problems in order to validate transactions on the network. This process can be slow and expensive as it requires a lot of computing power.

On the other hand, EOS uses a delegated proof-of-stake consensus algorithm which allows users to stake their tokens in order to become block producers who are responsible for validating transactions on the network. This process is much faster and more efficient than proof-of-work as it does not require miners to solve complex mathematical problems in order to validate transactions on the network. In addition, Ethereum has limited scalability due to its single threaded architecture while EOS has unlimited scalability due to its multi threaded architecture which allows for parallel processing of transactions on multiple threads at once.

This makes it possible for EOS to process thousands of transactions per second compared to Ethereum’s 15 transactions per second. Finally, Ethereum’s smart contracts are written in Solidity while EOS’s smart contracts are written in WebAssembly (WASM). WASM is a more efficient language than Solidity as it allows developers to write code that can be compiled into machine code which can be executed more quickly than code written in Solidity.