Ethereum Virtual Machine (EVM) chains have struggled to gain popularity despite their technological advantages and cheaper transaction costs. When a network is EVM compatible, it may employ Ethereum’s powerful security features.
Ethereum and chains compatible with it have a clear lead in terms of the overall number of decentralised autonomous organisations (DAOs). According to Snapshot, a blockchain voting platform, they are home to roughly 4,200 DAOs and protocols that require governance members. According to ecosystem tracker Cardano Cube, the Solana environment has 140 DAOs, Cardano has 10, while Polkadot substrates have only eight.
However, EOSIO has been attacked by Andrew Levine, CEO of blockchain consultancy firm Koinos, which may explain why it hasn’t acquired as much interest as Ethereum. Despite the fact that EOS transactions are nearly entirely free, he stated in a February post that there is a cost connected with opening an account. Furthermore, holding money in a wallet is more complicated than with Ethereum.
The CEO claims that the EOS database is constructed on memory-mapped files, another relic of the Steem architecture, with the critical consequence that it is designed to employ the most costly kind of storage possible: random-access memory.
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