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RE: Raiden Network - Ethereum's Path to 1 million Transactions per Second
What are the implications for the EOS project right now then? It seems as if their project next summer might be a day late and a dollar short now!
With all of the pressure from Chinese markets and the ICO crackdown the situation is looking a bit grim for EOS. I still have a majority of my trading portfolio invested in them however since I got a smoking deal on them at 79 cents each token.
No because EOS scales on-chain, Ethereum does not do this. Also, EOS provides the sub 2 second response times among other features such as parrallel processing, Ethereum will never have those features.
EOS also with architecture choices will still do more tps than Ethereum. Worse case, they could implement lightning network on EOS and easily do hundreds of millions of transactions per second if needed. From what I have read, they are aiming for 1+ million transactions per second on chain, and with tech choices, it could be multiple millions per second on chain without resorting to the LN solution.