ICO Review: EOS vs Universa

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Universa and EOS both want to increase the speed, and decrease the cost of blockchain transactions. They also both aim to become standalone blockchain protocols capable of hosting their own ICO’s. Both projects share the same vision yet their implementation couldn’t be more polar. While the Universa protocol does not need to store a full history of all blockchain transactions EOS seeks to cultivate a decentralized operating system! Pure, unfettered, fee-less blockchain technology has been the fantasy for bitcoin maximalists since the inception of cryptocurrency. Yet the ongoing performance issues and ever-increasing transaction costs in the crypto sphere have led to an increase in new, platform-based cryptocurrencies that want to alter the the “proof of work” narrative. Can the new kids on the block challenge the status quo?

Coin Bloq will critically assess the merits, use-cases, problem solving abilities and potential trading strategies of the Universa and EOS ICOs. From the heartlands of Russia, Universa wants to perform scaling solutions at tens-of-thousands of transactions per second. It does this - we are told - through a process of on-client side-chain thereby increasing incoming data speeds.Despite being nearly 3 months into the EOS ICO Dan Larimer’s creation is a one year long crowdfunding endeavor. Lacking a first mover advantage EOS neither fears nor cares about Ethereum. Not only is Vatalik’s Ethereum a direct competitor to EOS but the Ethereum blockchain has a strong and growing community of developers that continually built new and dynamic ICO’s on the Ethereum blockchain. Unlike Ethereum, EOS does not have any gas costs. We interrogate EOS’s logic and ask whether a decentralized operating system would have any practical use-case in the zeitgeist of today’s internet-connected world.