The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications (DApps), but other chains may be better suited to handling the workload of Decentralized Autonomous Organizations (DAOs).

Technical advantages and cheaper transactions have not yet become the main attraction of the Ethereum Virtual Machine (EVM) blockchain. EVM compatibility allows the network to take advantage of Ethereum’s security features.

Ethereum and its compatible chains have a clear DAO advantage over all other devices. They host more than 4,200 DAOs and protocols that require participant participation from management, according to blockchain voting platform Snapshot.

By comparison, there are only 140 in the Solana ecosystem, and 10 DAOs in Cardano, according to the Cardano Cube ecosystem tracker, and Polkadot Substrate says there are only eight. This does not exclude the fact that among the top 10 DAOs according to the number of decisions made over the past seven days, DeepDAO DAO tracking shows that three of them are based on Solana.

According to Eyal Itkovich, CEO of DeepDAO, Ethereum’s superiority over the rest could be due to simple but practical reasons, in response to Cointelegraph. He has attributed the dominance of Ethereum to the fact that it was “the chain that started the DAO movement.”

“Most importantly, Ethereum is the most mature ecosystem in terms of tools to power and manage all aspects of a DAO, mostly financial, but not limited. This may change as other networks become more and more popular.”
On the other hand, he cited high gas taxes as a drawback of Ethereum. He added that Solana allows DAOs to transact quickly and inexpensively, “but again, the ecosystem’s support functions and tools are less reliable.”

Additionally, Solana became vulnerable to frequent network outages.

Saro Makina, co-founder of the non-fungible token (NFT) game on the EOSIO-based WAX Alien Worlds network, told Cointelegraph last week that she believes EOSIO is the best fit for building a DAO.

In her opinion, Ethereum is too expensive for audio purposes and has been designed as a “public blockchain” for a variety of tasks. This is in contrast to EOSIO, which according to McKenna is “created in part for the purpose of DAO.”

“EOSIO’s token base is extremely powerful, enabling multi-level permissions, multi-signature permissions, and the dynamic set selection mechanisms necessary for DAO to function properly.”
Gas fees have always been an issue for Ethereum users, but in March they were at their lowest level since August last year.

Related: Opera Merging Bitcoin, Solana, Polygon, and Five Other Chains

However, Koino CEO Andrew Levine has been critical of EOSIO, which may explain why it is so dependent on the rate of adoption of Ethereum. In February, he wrote that while EOS transactions are virtually free, there are fees to create an account. Additionally, it is much more difficult to store coins in an account compared to Ethereum:

“EOS’s database is built on so-called ‘memory-allocated files’, which is another feature of Steem’s design, chief among which is that it is designed to use the most expensive form of storage possible: RAM.”

Source: CoinTelegraph

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