Most of EOS and Tron dApps Are Related to Gambling or ‘High-Risk’ Activities

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Fri, 03/29/2019 - 17:46
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    Cryptocurrency gamblers have ditched the Ethereum network in order to host the dApps that are hosted by EOS and Tron. Only 8 percent of Ethereum dApps are related to gambling now that its niche is completely occupied by the rivaling networks       

Cover image via U.Today
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Contents

While the dApp war between Ethereum, EOS, and Tron continues, Hard Fork has recently taken a closer look at what they actually offer. After analyzing data from DappRadar, they came to the conclusion that most of the most popular dApps that are based on EOS and Tron are related to gambling or other high-risk platforms.

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The gambler’s darlings

72 percent of all EOS and Tron dApps belong to the ‘gambling’ or ‘high risk’ categories, which come with a warning for uninitiated users. In sharp contrast to this, only 8 percent of all dApps on the Ethereum network are in the same crowd.

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PoW vs. PoS

The reason behind such a huge difference in their directions is ostensibly rooted in their consensus algorithm. Ethereum relies on the Proof-of-Work (PoW) algorithm that presupposes fee for miners, but both EOS and Tron allow performing zero-fee transactions. That makes them particularly enticing for the developers of gambling dApps that are usually based on repetitive activity.

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Blockchain games

As reported by U.Today, only 28 percent of all dApps are currently hosted by the Ethereum network after enjoying a complete dominance in this niche just a year ago. Blockchain-based games represent 52 percent of Ethereum-based apps, but they are yet to reach even a modicum of success Crypto Kitties enjoyed during the peak of the crypto market.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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