EOS is a popular cryptocurrency that is in 39th place by market capitalization ($3,720,981,806), with a price of $3.96 per token.

It’s commonly called EOS but if you try to understand what it stands for, it might be a bit of a problem since the founders decided not to provide any official explanations. As a result, the market made its own interpretations for the acronym, such as Ethereum Operating System and EOS Operating System.

EOS has frequently been addressed as an “Ethereum for big business”. Like Ethereum, its direct competitor, EOS supports “dapps” (decentralized apps) and smart contracts. However, the blockchain outperforms Ethereum in terms of execution and transaction speed.
As you can see from our infographic, the EOS has much faster transaction speed already, but its goal is to make the transactions faster, even up to a million per second.

There are currently 936 million EOS coins in circulation which is a big number compared to ETH coins. It is planned that the total amount of EOS will at one point reach 1.02 billion tokens.

But, if you take a look at the prices and market ranking of these two cryptocurrencies you will see that Ether, being more expensive and number two in the crypto world, is miles ahead of EOS.

EOS is a project that has all the features that the Ethereum blockchain has to offer, along with better processing speed. These two form a great combination in creating the perfect blockchain. Since EOS is competing with Ethereum it will undoubtedly be challenging to be able to replace Ethereum completely, but the race is on.

What we can conclude is that this competition between ETH and EOS will certainly help the whole blockchain technology get faster and meet the needs of the market better.