What is EOS?
EOS, the Enterprise Operation System, is a new blockchain-based smart contract platform developed by Block.one to provide the underlying blockchain platform services for high-performance distributed applications.
Aim of EOS
The goal of the EOS project is to implement a blockchain architecture that supports the application like an operating system. The architecture can provide accounts, authentication, databases, asynchronous communication, and program scheduling on hundreds of CPUs or clusters. The final form of the technology is a blockchain architecture that can support millions of transactions per second while the average user does not have to pay for usage.
Features of EOS
The EOS token is currently based on Ethereum's blockchain infrastructure based on Ethereum's tokens. There are three main application scenarios: bandwidth and log storage (hard disk), computing and computing reserve (CPU), and state storage (RAM).
The EOS main online line will convert the ERC20 token EOS to the token on its main chain. Specifically can be explained as:
(1) Recipient payment: The customer purchases specific products from the business, and the sales revenue of these products will be used to pay for the business cost, avoiding the customer directly paying for the use of the blockchain, and will not restrict or prevent the enterprise from determining its products. Monetization strategy.
(2) Authorization ability: If a blockchain is developed based on the EOS software system and its token is held by a token holder, it may not need to consume all or part of the available bandwidth immediately. The holder may choose to give or rent unused bandwidth to others;
(3) Separate transaction costs from token values: If the application owner holds the appropriate number of tokens, the application can continue to run in a fixed state and bandwidth usage. Developers and users are not affected by price fluctuations in the token market and therefore do not rely on price;
(4) Block reward: Each time a block is generated, EOS will reward the block producer with new tokens to pay for its operation and maintenance costs. At present, the EOS setting limits the upper limit of the income earned by the block producers. At present, the EOS limit for the block producers is up to 5% per year, that is, the total annual growth of new supply of tokens does not exceed 5%.
Main features of EOS
The main features of EOS are as follows:
1. EOS is somewhat similar to Microsoft's Windows platform. By creating a developer-friendly blockchain underlying platform, it supports multiple applications running simultaneously, providing the underlying templates for developing dAPP.
2. EOS solves the problem of delay and data throughput through parallel chain and DPOS. EOS can process thousands of levels per second, while bitcoin is about 7 per second. Ethereum is 30-40 per second. .
3. EOS has no fees, and the general audience is more extensive. To develop a dApp on EOS, the network and computing resources needed are allocated according to the proportion of EOS owned by the developer. When you have EOS, it is equivalent to having computer resources. With the development of DAPP, you can lease the EOS in your hand to others. From this point of view, EOS also has a wide range of values.
Intro to EOS
Date of issue: 2017-07-02 Total issuance: 1,000,000,000
Total liquidity: 906,245,118 Circulation market value: US$4.78 billion
Official website: https://eos.io/
Block query: https://bloks.io/