Cryptocurrency Brief

EOS Offering $200,000 Prize to Rival Ethereum dApps

EOS engineer, Block.One, is offering $200,000 to any developer who can make it simpler for Ethereum applications to run on the EOS blockchain

The challenge is known as the EOSIO smart contracts challenge; the principal developer who can take care of the issue will win the prize. There is a period limit, however—the challenge will end in one year’s time.

The developers, to win the prize, must make it conceivable to run Ethereum smart contracts—bits of code that perform activities on its blockchain—on the EOS network. In case they can satisfy the undertaking, at that point it would make it feeasible for Ethereum developers to use the devices they have just built, yet switch over to EOS.

The announcement states –

“The challenge enables developers in the EOSIO, Ethereum, and wider blockchain communities to use their preferred development platforms while leveraging the benefits of EOSIO.”

It additionally contends that EOS can process smart contracts quicker, trying to lure developers over to the platform.

In spite of the EOS blockchain’s ongoing congestion misfortune, an airdrop hindered the stage in November 2019, with the cost for using the EOS network taking off by a factor of 10,000 to 20,000.

Adrian Krion, a Chain Clash developer, said –

“This effectively prevents quite a bunch of people from even using the EOS network, at all.”

In any case, the network has back up to speed up lately. As of now, it is operating at about 15 to 17 exchanges for every second, while each Ethereum block takes around 13 seconds. is likewise wanting to launch a beta variant of its Voice social media platform on February 14, 2020, in spite of the fact that it won’t be propelled on EoS as planned. Rather it will run on a purposefully fabricated blockchain—which brings up the issue of why Ethereum developers would escape to EOS when Block.One’s not using it.