Keeping up with technology is an important survival tactic in the tech world.

ake for instance the disaster that was Nokia rejected Android. At the peak of their existence, Nokia felt as through Android was not cut out for their devices and opted to move on with their in-house Symbian OS. Nokia lost its leading position as other devices running Android soared to the top.

Blockchain is also undergoing a similar transformation. Ethereum has been the hub for d’Apps over the years. The Ethereum hosts hundreds of d’Apps on its blockchain. Given that it was the pioneer blockchain in terms of hosting d’Apps, most of them were being released on its platform.

However, the various setbacks that arose as the number of d’Apps soared led to the innovation and creation of improved blockchain platforms that would seamlessly support thousands of d’Apps without the drawbacks that Ethereum had.

EOS is one of these platforms. It is currently the main competitor for Ethereum. Upon its release, there was a steady migration of d’Apps from Ethereum to EOS as it promised better services for the developers and the end users of the applications. EOS has proved that it is the better protocol. This article focuses on why migrating from Ethereum to EOS is the best call for developers.

EOS Becoming the Preferred Platform

Ethereum spent much time at the helm of the d’App space. The main reason for its dominance was the lack of any real competition. Once EOS entered the protocol space, Ethereum’s drawbacks were quickly highlighted, and d’Apps migrated.

Most of the d’App developers are entering into a market that has a slow growth rate. As highlighted by NewsBTC, the number of d’Apps has been increasing significantly whereas usage of the d’Apps has not been as promising. While entering into the market, developers would want to spend as little as possible to keep their platforms running until mass adoption of blockchain finally takes place.

When EOS came into the market, they had transaction fees that were lucrative to developers. The transaction fees charged on EOS were significantly lower than what was being charged over at Ethereum. In some instances, the charges were close to non-existent. EOS only required their platform participants to hold a set number of EOS tokens to carry out transactions. The low transaction fees attracted new developers and Ethereum based d’App developers to jump ship.

For developers and end-users, EOS is much-needed heaven due to its freedom in terms of cost. There are many costs that Ethereum can charge over d’Apps without developers having any say. The charges attracted on Ethereum are as a result of the need to pay miners because of the computational power to provide the protocol with.

EOS’s token requirements are friendly to both the developers and the end users. Further, with EOS, it is the developers that determine how much EOS end users need to have or pay to receive certain products and services.

Ethereum’s services had also been in question for quite some time. The infamous CryptoKitties debacle as highlighted by BBC gave the industry a glimpse of what would happen in case mass adoption of blockchain was to be done. Ethereum’s services became painfully slow as the protocol struggled to meet the demand created by CryptoKitties.

EOS entered the blockchain protocol space with new and improved technology. EOS came in with enough processing power to meet the demands of running multiple d’Apps each with unique uses. To put this into perspective, it takes the Ethereum protocol an average of 13 seconds to respond to a request whereas EOS takes less than a second to react to the same request.

There are other convenience factors on the EOS platform that is likely to attract more participants. These include:

The use of C++ and programming languages on the EOS platform which are understood and used widely by developers compared to Solidity which is understood by a limited number of developers.

Smart contracts on the EOS platform can be updated without causing the EOS network to fork.

Has the ability to handle enterprise-level software.

EOS provides the convenience of resetting a private or an owner key when lost or compromised.

These factors make EOS a more preferred platform over Ethereum, for many in the community.

Voting System Governance Model

The EOS protocol has a governance model that is functional compared to the governance model on the Ethereum protocol. Governance models are essential as they determine the nature in which changes will be made and effected.

On the Ethereum platform, the governance model was ignored. However, the voting system governance model on EOS is fully operational. Changes on the platform can be effected through voting by eligible members.

Struggling to Change

Ethereum is behind the changes and implementations that have already been made by its competitors such as EOS. It will take a while before Ethereum catches up to industry standards which are being redefined by new, innovative players in the blockchain protocol scene.

However, EOS also has its setbacks especially on issues surrounding decentralization and potential bribery. No platform is ever truly perfect.

With this in mind, it is crucial that every developer weighs out their options before settling on a protocol. However, in most cases, it would not even be a competition as EOS has the upper hand over Ethereum. With better speeds, transaction fees, and services, EOS stands tall as arguably the best blockchain protocol yet.

More Desired Platform

Insights Network has been testing out its blockchain on the INSTAREOS platform. It’s beta phase will soon come to an end as Insights Network migrates fully from Ethereum to their own blockchain using the EOS Open Source Software. This will come with the advantages stated above.

Insights Network is known to keep up with the latest in technology, and this move justifies its reputation. A freeze date for the INSTAR ERC-20 compliant token is set for May 23rd, 2019. Users are advised to prepare adequately before then. A guideline on how to convert ERC-20 INSTAR tokens can be found here.

For other blockchain platforms that may be planning or thinking about migrating from Ethereum to EOS, Insights Network will be using an open source for their migration which they plan to leave open for any platform to utilize when migrating.

To learn more about the INSTAR blockchain migration, please use the following links:

Link 1

Link 2

For further information on the Insights Network, please use the following links:

Website | Twitter | Telegram | Medium| Reddit

#InsightsNetwork #INSTAR #Adoption #EOS #Surveys

Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DYOR before making any decisions.

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This article was originally published on Medium.