Tezos vs Ethereum Cage Match (XTZ vs ETH)

Welcome one and all, miners and bakers,   veteran stakers and crypto curious rookies 
— welcome to the match-up of the season — — in the battle of the blockchains,   the nail biter of the year, the fight 
of the smart contract platforms — It's Tezos versus Ethereum! Let's meet our fighters.  Entering the cage, meet our 
decentralized juggernaut,   long regarded as the most popular 
smart contract platform — Ethereum! Some thought Eth couldn't be beat, but a 
worthy challenger has come on the scene,   some might call this fighter 
The Ethereum Killer — That's inflammatory — Hey, I'm not taking sides, but some have 
said it. Welcome the agile, adaptable,   super speedy Tezos to the ring! I don't know about you, but it feels like 
this match-up could go either way to me.  That's how you know it's gonna be a 
great fight. Tezos has become more and   more of a substantial challenger to 
Ethereum's top-seated position in   the smart contract league.

They both have 
some real advantages going for them.  Let's dig into those advantages 
while we let these fighters warm up.  Well, we gotta talk about decentralization, 
there's a clear advantage for Ethereum there.  That's true, Ethereum is considered the 
second most decentralized cryptocurrency,   coming in behind Bitcoin. Decentralization is 
at the heart of the blockchain ethos, because it   reduces the chances that any single organization 
can censor transactions or freeze accounts.  Hands down, if you want to build an application 
that can't be shut down, Ethereum's your pick.   Even the prominent Ethereum organizations 
do not have control over the network.  No, neither ConsenSys nor the Enterprise Ethereum 
Alliance are focused on controlling the network.   ConsenSys focuses on developing applications on 
the platform, the Alliance on industry adoption.

And that's been an incredible strategy for 
Ethereum's reputation and following. We'd   be remiss if we didn't point out the vast 
number of Ethereum's developer entourage.  Without a doubt. Ethereum's 
developer community is the biggest   of any cryptocurrency's, even 
4 times larger than Bitcoin's.   Conventional wisdom is that the protocol with 
the biggest developer community prevails.  It's certainly no secret that Ethereum 
has enjoyed being the fan favorite.   That doesn't mean it's the winner, though. Tezos 
has found a way to avoid potential volatility with   its self-amending feature and clear on-chain 
governance. Most notably, this internal   adaptability mechanism means that protocol 
upgrades can be done without a hard fork.  Ethereum knows how contentious 
and divisive hard forks can be.  As does Ethereum Classic. So that's 
gotta have Ethereum intimidated. If it's smart, yes. Tezos adopters 
know that there won't ever be a network   split. No danger of whales driving up 
the price in anticipation of a fork,   and then offloading en masse afterwards. 
Tezos' system is elegant and stable.  Elegance and speed are really what come to 
mind when we talk about Tezos.

That gives   this fighter a strong advantage in the ring.  That speed! Tezos can process significantly 
more transactions per second than Ethereum,   precisely because it's more centralized. 
That's the tradeoff Ethereum has made in   being so decentralized — it has a real 
scalability problem at this moment.  It's clear this is going to be a 
long fight. We're going to see these   two platforms go twelve rounds over the 
next few years. Don't expect a KO here. Ethereum has to hope it can keep dodging those 
punches. It's slowed down by network congestion   and subsequently, high gas fees. Prohibitively 
high at times. What average person can spend   upwards of $10 for a simple transaction, 
and upwards of $100 for a complicated one? Ouch! Tezos knows how to hit right in ETH's 
soft spots.

They've found ways to keep their   gas fees low, and the Delphi upgrade in 
November 2020 reduced their gas costs by 75%.   That could very well lure a lot of projects   away from Ethereum. It's a big 
incentive to start building on Tezos. But that incentive likely isn't enough to break 
up Ethereum's stronghold on Decentralized Finance,   or DeFi, products. Right now, Ethereum has the 
largest DeFi product suite in the world. Even   if Tezos attempts to build out its own DeFi 
ecosystem, it won't have the diversity of   interoperable applications that Ethereum has. It's hard to overcome that advantage. 
Though it's worth mentioning that Tezos   development groups like StableTech continue 
efforts to draw that DeFi community in.   They just introduced wrapped ETH 
tokens that allow ETH value to   be transferred to the Tezos network. 
That could bridge the gap for them.  Regardless, Tezos has already attracted 
a lot of high value businesses,   especially in the luxury auto industry.

Automotive Solution Center has committed to   building a technological roadmap 
based on the Tezos blockchain. The   brands under that umbrella include 
Audi, Porsche, and Daimler Chrysler. That's definitely some 
horsepower. But corporations   aren't the only ones who see benefits from Tezos. Absolutely. Instead of miners, Tezos utilizes 
'bakers; to validate transactions — a   process that is done virtually on the 
network with Liquid Proof of Stake.   That means less overhead for the bakers, and 
ultimately less drain on the environment. It also   yields one of the highest returns on investment 
for staking coins in crypto. That's not nothing. Sure, but realistically, it's really a 
toss up whether any of these advantages   can overcome Ethereum's massive developer and 
user base advantage and diversity of use cases.  I, for one, don't know where to 
place my bets so you decide who wins   in comments. Smash that like 
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tickets for all of Exodus’ main events..

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