EOS News – Why EOS beats Ethereum (ETH) when it comes to decentralized exchanges?

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Decentralized exchanges handle less volume of transactions as compared to the centralized ones. However, the popularity of decentralized exchanges is definitely picking up steam. That is why the volumes are increasing as well. Initially, most of the decentralized exchanges used the Ethereum (ETH) blockchain. However, these days alternatives are emerging for decentralized to crypto exchanges which are better than Ethereum (ETH).

Why EOS beats Ethereum (ETH) when it comes to decentralized exchanges?

The block creation time of Ethereum (ETH) is 14 seconds. That is why the transactions cannot be validated instantaneously. It is slowing down the entire process of transaction validation for decentralized cryptocurrencies. When you compare the same with the EOS, it has a block creation time of 0.5 seconds. As a result, the transactions are not slowed down. Instantaneous execution of transactions is possible.

Moreover, over the last few months, it is evident that Ethereum (ETH) blockchain has been slowing down. The lag is increasing. The decentralized exchanges cannot afford such a lag. That is why it is not possible for the exchanges to use Ethereum (ETH) blockchain as the usage of that blockchain increases significantly. It is another reason why EOS is a better option.

Due to the same reason, the tokens based on the EOS blockchain increased significantly in the year 2018. There were over 2800 projects listed on the EOS blockchain in the year 2018. It clearly indicates that developers are moving over to the EOS blockchain to reap the rich dividends of scalability and faster transactions. One such platform which hasĀ used EOS blockchain to process a significant number of transactions in its a decentralized exchange is Newdex.

Similarly, other cryptocurrency exchanges are also moving over to EOS to utilize the scalable blockchain. Currently, EOS and Ethereum (ETH) blockchains process transactions but EOS is faster than Ethereum (ETH). It clearly indicates that it will not take a significant amount of time for the EOS to surpass Ethereum (ETH).

The benefits of the EOS blockchain will help the decentralized exchanges provide a platform which is not only credible but also secure as compared to the centralized exchanges. When that happens, the other decentralized exchanges will also have no other option but to move over to EOS. Due to all of these reasons, EOS is a much better option for decentralized exchanges than Ethereum (ETH).

About Riddhi 224 Articles
I am an electronics engineer and follow the crypto space closely.

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