The recently launched EOS Network surpassed Ethereum regarding the transaction volume capacity per second. Many critics were of the view that the network could be an Ethereum killer.

However, co-founder Joseph Lubin clearly stated, in an interview with CNBC, that his company is focusing on the infrastructure. He also said that “we let price take care of itself.”

Lubin stated:

“Our company consensus, and all the people in the Ethereum ecosystem, our software developers, [we focused] on building infrastructure. We let the price take care of itself. The price started at 20-25 cents a few years ago, and it surged quite dramatically. It makes a lot of sense that general fear-greed dynamics tend to cause overshoots and corrections, so we’re in great shape.”

The EOS Network has been criticized in the past for its centralized blockchain governance model.

A Reddit user shared a screenshot of the 24-hour transaction volume of 727,334, recently. EOS created a new record for volume of transactions per second. It also equaled more than 50 percent of its rival Ethereum’s ‘Record’ transactions.

As per statistics from Blocktivity, Ethereum has more than 26.606 unconfirmed transactions with the highest transaction pace of 593,437 tx/24h. On the other hand, EOS occupies merely 0.02 percent of its total capacity with approximately 201.000 tx/24h.

One thing is clear: EOS is not an Ethereum killer. It’s just the excitement among certain investors that is leading to the hype. Also, these networks do conduct stress tests from time to time.

It is quite possible that the Ethereum blockchain could be plagued with overcrowding. This will, undoubtedly, frustrate a section of people for the faith reposed in the technology. However, it is also quite likely that the issue will not remain forever.

Renowned or popular digital currencies focus more on technology and consistency rather than jumping ship. The primary focus is to prevent any negative impact while testing new solutions.

Trustworthiness is another key factor that assumes importance. These factors are applicable for Bitcoin Core developers, too, as they don’t show any hurry in executing solutions.

EOS Network Lives up to the Hype but Not an Ethereum Killer was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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