For a quick intro - we are building a decentralized, community-driven application with massive amounts of personalized data contributed by the community members. All activities and contributions will be incentivized and rewarded with tokens. Tokens will be used within the ecosystem. As we are developing the product and getting ready for the ICO, there is a decision to make: what is the best technology for our business model?

It is clear, ICO and product do not have to be on the same platform. For example, we can do ICO on ETHEREUM since it is readily available and currently widely accepted, and then, we can build our product on top of significantly superior platforms such as STEEM (using SMT) or EOS.

In essence, ETHEREUM is good for raising money, but not to build a real-life scalable application. ETHEREUM is known to be very slow and transactions are very expensive. Basically, it is not scalable and cannot support a large number of users.

In terms of speed, for example, a BITCOIN transaction is about 10 minutes, ETHEREUM - at best 1 minute, STEEM is 3 seconds, EOS will be a fraction of a second. EOS will have massive scalability, capable of supporting thousands of decentralized apps with millions of users.

In terms of cost, ETHEREUM charges for every interaction with the system, while both STEEM and EOS transactions are FREE.

In a nutshell.

As the above makes sense, 2 questions still remain:

1. What will migration from ETHEREUM to another blockchain such as EOS be like?
2. Are we aware of another blockchain that promises to be superior to either STEEM or EOS?