Dan Larrimer is a well-known and recognized blockchain programmer with reputation. He has played an important role in the development of Bitshares, Graphene and Steem.
He is currently working on the development of EOS. EOS is a more user-friendly variant of Ethereum. Ethereum requires everyone to undergo a certain learning experience. We are working hard to provide everyone with easy access to the Ethereum network with solutions such as MetaMask and Statis. Nevertheless, Ethereum is not really that scalable when you want to include millions of users. Dan Larrimer asked the following questions during the launch of EOS:
Where can you actually go if you want to develop decentralized applications based on smart contracts within a decentralized network?
Corda and Hyperledger Fabric are intended for private networks and have limited support for smart contracts.
Bitcoin is lagging behind with regard to smart contracts. The Rootstock / RSK is under development. Blockstream is also working to turn Bitcoin into a faster payment network using side chains and an additional Lightning Network.
Bitshares and Graphene is well equipped, but too limited when it comes to programming smart contracts.
Polkadot is lagging behind and is not being maintained.
NXT, Waves, Lisk, Tezos all have limitations and are not eligible according to Dan.
Indeed, Ethereum is currently the best choice when it comes to working with smart contracts for setting up decentralized autonomous applications. Most Initial Coin Offerings and token sales for the financing of these applications are based on the smart contract functionality of Ethereum. The problem is that Ethereum is connected to transaction costs, is not as accessible to the average internet user and is not as scalable with the current Proof of Work consensus model. Ethereum needs a number of important network upgrades (Metropolis) in order to overcome the actual internal technological limitations.
At the beginning of 2018, Ethereum will start to switch to a PoS consensus model, which means that there is still room to launch a new competitor for Ethereum: EOS.