EOS-Coins [EOS]: Defined in CryptoCurrency

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EOS-Coins [EOS]:

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Introduction:

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”).

This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.

The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. For more information, please read the EOS.IO Technical White Paper.

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Introduction:

EOS is an operating system based on blockchain to support decentralized applications. It is designed to provide core functionality and let the other businesses to build their own blockchain applications in more simpler and finer way just as developing a web application. EOS is one of the competitors of Ethereum and moves forward with the same pace.

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Influencers:

1. Brendan Blumer - CEO

2. He is part of blockchain industry since 2014 and now involved in trading of virtual currencies.

3. Daniel Larimer – CTO

4. His focus is to innovate new technology from VR to second generation cryptocurrencies. He is the inventor of most famous and widely used concept of “Proof of stake” and “DAC”

5. Block.one

6. The company who is behind the EOS development.

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Technology:

EOS software uses decentralized consensus algorithm “Delegated proof of Stake(DPOS)” which actually meets the suggest performance requirements in blockchain industry. By using DOPS algorithm; users with the token on blockchain application(which is based on EOS.IO software) can select blocks and participate in production and voting.

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Advantages:

1. List of advantages is quite similar to Ethereum.

2. It works with parallel processing which higher the transaction speed and overall process scalability.

3. Its evolutionary and have a margin of 5% inflation.

4. It has a constitution which is agreed by each stakeholder.

5. The user is not required to pay for every transaction.

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Disadvantages: 

1. Dan Larrimer is known to switch quite often from one technology to other and that is why people don’t believe this project to be long lasting.

2. A list of competitors is much cheaper and easier then EOS.

3. Not popular among those who are new to the crypto world unlike Ethereum.

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