It seems that EOS misled the public about the number of transactions that it can process. A recent study revealed that the transactions per second (TPS) in EOS are close to the TPS handled by Ethereum. The study has been released a few days ago by Brent Xu, Dhruv Luthra, Zak Cole and Nate Blakely. The report is titled ‘EOS: An Architectural, Performance and Economic Analysis.”
EOS Handles 250 TPS a Second
According to the report, the performance metrics taken by the analysts show that EOS is able to process a similar amount of TPS as Ethereum. In the past, some block explorers were showing a very impressive number of TPS for EOS. Indeed, the network could even reach 1,200 TPS.
As per the report, latency seems o have a significant effect on throughput. If round trip time (RTT) increases, the performance of the EOS network drops. The lowest the latency the better the performance.
About it, the analyst commented:
“High levels of TPS are sustained at 0 ms round trip latency. When 50 ms of RTT is added into the system, performance immediately falls below 50 TPS. This shows that latency has a significant effect on throughput. Once RTT is increased to 100 ms, performance drops even further.”
The report shows that there is no true mechanism to determine what happens with unprocessed transactions. Ethereum processes these orphaned and stale transactions in a substantially different way. These transactions can be seen in the mempool.
This cannot happen on the EOS platform. Apparently, transactions can be chosen in order to maximize transaction throughput in the system. By picking transactions in this way, the network does not alleviate congestion, instead, it ignores it. Transactions that are considered as difficult are simply bypassed.
The study shows that EOS is not a blockchain, but instead, a distributed and homogeneous database system.
“EOS is not a blockchain,” reads the report, “rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.”
This is not the first time that there are some issues regarding the EOS ecosystem. This study confirms and shows some problems that the EOS community should pay attention to. Transactions are not cryptographically validated, and this is a very big problem. Additionally, EOS requires a greater level of trust compared to other networks that are more decentralized.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.