EOS vs Tezos and Ethereum


Jul 2, 2019
Ever wanted to know the key differences between EOS vs Tezos and Ethereum? Well now’s your lucky chance. We’ll be taking a look at various aspects of each blockchain, how they differ, and their respective histories. You don’t want to miss out on this one.

History of Ethereum, EOS, and Tezos

Ethereum was first proposed by Vitalik Buterin in 2013, but went live on 30 July 2015. Ethereum is known for introducing the concept of smart contracts. It’s an open-source blockchain platform that facilitates the building of decentralized applications (dApps), and cryptocurrency trading. At the time of writing, it has the second highest market cap, only following Bitcoin. Ethereum underwent a hard fork in 2016, splitting into Ethereum (ETH) and Ethereum Classic (ETC). Ethereum remains the more popular blockchain.

EOS is the youngest of the world’s top 10 cryptocurrencies, only going live in June 2018. It sits at number 7 according to market cap, and remains a really popular choice for dApp developers. EOS works on a DPOS consensus algorithm, and relies on its users to vote in block producers who then provide computing power and verify transactions on the EOS mainnet by collecting transaction information and broadcast the blocks to other block producers.

Development of the Tezos whitepaper began in 2014, although it was only launched in July 2018. Tezos, and it’s cryptocurrency XTZ, is well known for its record-breaking ICO, which raised more than $232 million USD. According to the website, Tezos is a “new decentralized blockchain that governs itself by establishing a true digital commonwealth.” Tezos is a liquid proof of stake system which requires a user to stake a certain amount of tokens to participate in the network. Holders can either vote on Tezos policies themselves, or can appoint a delegate to vote on their behalf. The delegate can also appoint another delegate to vote for them.