Why EOS will overtake Ethereum in high performance smart contracts
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Re: Why EOS will overtake Ethereum in high performance smart contracts
#2This is based on the assumption that the mining pools of Ethereum are equivalent to the delegates of Bitshares, which is nonsense.
A pool requires much less trust. Anonymous pools are entirely viable. Delegates OTOH need to be known and trusted to get elected. It leads to a set of trusted third parties running Bitshare's ledger.
Pools can also allow hash contributors to choose and validate the blocks they hash on, with the pool only distributing rewards. In DPOS, the delegate chooses all blocks by design. The client nodes in Steemit/Bitshares/EOS are also non-validating. A small number of full validating nodes, run by trusted third parties, that serve to a bunch of non-validating clients, is not the same as a fully decentralized network like Ethereum.