Dash vs Monero vs EOS vs Tron [Cryptocurrency Comparison]
The crypto market winter is over and we are all trying to find the best projects in order to make the right investment. After all, when the next bull run comes, we better have our chips in the right pot.
With hundreds of new projects and tokens, which one should we choose? To answer this question, we decided to start our crypto compare series.
“Risk comes from not knowing what you are doing.”
– Warren Buffett
Many cryptocurrencies that are currently in the top 20 by market cap have something in common. They are created to solve the issues of existing coins. In fact, Dash and Monero are modeled after Bitcoin, with an emphasis on solving privacy issues, while EOS and Tron are created on Ethereum to solve the problem of scalability. They all have their pros and cons and millions of dollars worth of daily volume. Which coin will be the winner of 2019?
Table of Contents
Dash Vs Monero
Dash and Monero are two of the main competitors for best privacy coins. They were both created in 2014 as a more private alternative to Bitcoin.
Dash’s main goal was to be more private and faster than Bitcoin, a more useful and complete coin. By adding masternodes to the previous proof of work concept of Bitcoin, they managed to add the Instasend and Privatesend features, making it faster and more private than Bitcoin.
However, the same masternodes that give it an edge over Bitcoin pose a threat to its privacy features and its liquidity. Other users must use these features and there is a legitimate concern about an over-reliance on masternodes, as they have desirable information and could potentially be controlled by outside forces.
Pros: Faster and more private than Bitcoin
Cons: Has broad qualities but does not specialize
“Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say.”
– Riccardo Spagni, Monero Project Lead
Monero is a different project than the broader Dash, and focuses only on privacy. Monero does succeed in having a stronger, more effective, and more secure network. A transaction using Monero will not show who sent it, who received it, or how much was sent. It’s the closest you can get to a fully private transaction. The cryptography is strong and extremely hard to break.
Besides, Monero has a very strong community of firm believers in the need for privacy. In an age where data collection and privacy in general are a major question, Monero is a shining beacon.
Pros: Arguably the most private of all cryptos, with a strong community
Cons: The dangers of regulation and complexity
EOS Vs Tron
EOS and Tron are both smart contract platforms created to compete with Ethereum, and to tackle one of its biggest threats: scalability. In fact, they both started as Ethereum ERC-20 tokens, having later migrated to their own network.
They both managed to create a more scalable platform but not without its costs and drama.
EOS’s most impressive feat is that it managed to acquire $4 billion of funding during its ICO. After the ICO and during a very buggy release of their Mainnet, they succeeded in creating arguably the fastest and most scalable smart contract platform. The problem is it might not even even be a blockchain.
The EOS network relies on 21 block producers, meaning 21 people can communicate with each other and others in the network to make all decisions. Unfortunately, they can be easily influenced through corruption.
Pros: Fast, scalable, and $4 billion to play with
Cons: Centralized governance system and accusations of corruption
The biggest asset of Tron is undoubtedly Justin Sun, its founder and CEO. Sun is ever-present in the media, particularly in China. He is also a firm believer that bad press is better than no press.
Tron is also faster and more scalable than Ethereum, but suffers from the same issues that EOS does. It has been accused of being centralized, and instead of EOS’s 21 block producers, it has 27. Tron is also continuously involved in crypto drama, after being accused of plagiarizing their whitepaper.
Pros: Justin Sun’s celebrity and speed of the platform
Cons: Continuous drama and accusations of unethical behavior
“As society becomes more and more complex, cheating will in many ways become progressively easier and easier to do and harder to police or even understand.”
– Vitalik Buterin, Ethereum co-founder
Where should I put my money?
It is hard to know, since every project out there has its strengths and weaknesses. All we can do is keep informed until we find that hidden gem, which all four of these cryptocurrencies could end up being.
There are other more secure solutions like RoninAi, one of the first successful cases of Artificial Intelligence and Blockchain joining forces. RoninAi is an Ai powered crypto trading platform that has been showing some amazing results since inception, has ample coverage in the media, is backed by academic studies, and it solves a clear problem. They also put a large emphasis on a reward program that they offer to their partners. For more information, read here.