#Is EOS’s EVM Really the Most Powerful EVM to Date?

On April 10th, Yves La Rose, CEO of EOS Foundation, stated on social media that EOS’s EVM is the most powerful EVM to date, with 25 times the performance of Avax and 3 times the performance of Solana, as well as Ethereum level security and reliability.

EOS Foundation CEO: EOS’s EVM performance is three times that of Solana

##Introduction
On April 10th, Yves La Rose, the CEO of EOS Foundation, claimed on social media that EOS’s EVM (Ethereum Virtual Machine) is the most powerful EVM to date. According to La Rose, EOS’s EVM has 25 times the performance of Avax and 3 times the performance of Solana, along with Ethereum level security and reliability. This statement immediately caught the attention of the blockchain community and sparked a debate on the validity of La Rose’s claim. In this article, we will examine the details of La Rose’s statement and analyze whether EOS’s EVM is really the most powerful EVM to date.
##What is an EVM?
Before we dive into the details of EOS’s EVM, let’s first understand what an EVM is. An EVM is a software environment that allows developers to run smart contracts on a blockchain network. It provides a virtual machine that executes the code of the smart contracts in a safe, isolated, and deterministic manner. The EVM is an essential component of the Ethereum blockchain, as it enables developers to create decentralized applications (dapps) on the platform.
##EOS’s EVM Performance
According to La Rose’s statement, EOS’s EVM has 25 times the performance of Avax and 3 times the performance of Solana. Let’s examine the validity of this claim.
###Avax Performance
Avax is a blockchain network that uses the Avalanche consensus protocol. It is known for its high performance, scalability, and low fees. We can compare the performance of EOS’s EVM and Avax by looking at the number of transactions per second (TPS) each network can handle.
Avax currently has a TPS of around 4,500-5,000. This is impressive, considering that Ethereum can only handle around 15 TPS. However, if EOS’s EVM has 25 times the performance of Avax, it should be able to handle around 112,500-125,000 TPS. This is a huge number, and it’s hard to believe that EOS’s EVM can achieve this level of performance.
###Solana Performance
Solana is a blockchain network that uses the Proof of History (PoH) consensus protocol. It is known for its high performance, scalability, and low fees. Solana can currently handle around 65,000 TPS, which is much higher than Avax.
If EOS’s EVM has 3 times the performance of Solana, it should be able to handle around 195,000 TPS. This is an even more impressive number, and it’s even harder to believe that EOS’s EVM can achieve this level of performance.
##EOS’s EVM Security and Reliability
La Rose also claimed that EOS’s EVM has Ethereum level security and reliability. Let’s examine the validity of this claim.
###Ethereum Security
Ethereum is known for its robust security, as the platform has never been hacked. The security of a blockchain network depends on several factors, such as the consensus algorithm, the smart contract code, and the network’s hash rate.
EOS uses the Delegated Proof of Stake (DPoS) consensus algorithm, which is known for its efficiency and low fees. However, DPoS is also known for being more centralized than other consensus algorithms, as a small group of validators control the network. This makes EOS more susceptible to 51% attacks, as the attackers only need to control a few validators to take over the network.
###EOS’s EVM Security
EOS’s EVM runs on the EOS blockchain, which has had several security issues in the past. In 2018, a group of hackers exploited a vulnerability in the EOS smart contract code and stole around $200,000 worth of EOS tokens. This incident raised questions about the security of the EOS platform and its smart contracts.
It’s true that EOS’s EVM has several security features, such as code isolation and sandboxing. However, these features are not unique to EOS’s EVM, and other EVMs like Ethereum also have them.
###EOS’s EVM Reliability
La Rose’s claim that EOS’s EVM has Ethereum level reliability is questionable. Ethereum’s uptime has been around 99.99%, which is a remarkable achievement for a blockchain network. However, EOS has had several downtime incidents in the past, which has caused inconvenience to its users. In 2019, the EOS network experienced a significant downtime incident that lasted for several hours, causing a backlash from its users.
##Conclusion
In conclusion, Yves La Rose’s claim that EOS’s EVM is the most powerful EVM to date is questionable. While EOS’s EVM has some impressive features, such as high performance and code isolation, it’s hard to believe that it can outperform Avax and Solana by such a significant margin. Additionally, EOS’s security and reliability issues raise concerns about the platform’s overall stability. As with any technology, it’s important to remain skeptical and examine the details before making any claims.
##FAQs
###1. What is the EOS Foundation?
The EOS Foundation is a non-profit organization that supports the development and adoption of the EOS blockchain.
###2. What is the Delegated Proof of Stake (DPoS) consensus algorithm?
The Delegated Proof of Stake (DPoS) consensus algorithm is a blockchain algorithm that uses a small group of validators to process transactions and create new blocks.
###3. What is a 51% attack?
A 51% attack is a type of attack on a blockchain network where an attacker controls more than 50% of the network’s hash rate, giving them the ability to rewrite the blockchain’s transaction history.