What Everybody Ought to Know About EOS
Forgive my ignorance, what is EOS?
EOS is a blockchain platform similar to Ethereum, however, it uses the delegated proof-of-stake (DPOS) for decentralized applications (dApps). It is the brain child of Daniel Larimer.
EOS emulates most of the attributes of a real computer: hardware (CPU + GPU) for processing, memory (local/ RAM/ HDD) for storage and software, distributed equally among EOS holders.
Why Should I Consider Looking at EOS?
Here are the the reasons I think you should invest in EOS
Full-fledged dApps: Generally, dApps utilize smart contracts to power themselves. However, EOS uses dApp transactions which are more efficient than smart contracts.
No transaction Fee: Operations or services can be done without any associated costs. However, the block-producer model is used for dApps services charges.
Governance Structure: EOS uses a voting system model to ensure flexibility thereby facilitating rule(s) modification.
Developers Haven: Developers can seamlessly use web toolkit, database schemes, and other functions in developing dApps on the platform.
Easy hard forks with fewer risks: When conflict arise, it has a mechanism in place by which block producers will free the platform until the conflict is resolved so that something similar to ETH-ETC scenario will not arise
Ok! What's Next?
I will like to a say a very big thank you for taking time out to read up my write-up (pun not intended) despite your busy schedule.
Please watch out for my next post, I will writing on how to get a free EOS account!
Thank You For Reading!
I Read and Appreciate All Comments!
Also check out Telos which recently launched. It is basically the same as as EOS but they used the EOS Genesis snapshot and capped it at 40,000 tokens for all the whales that had more. It makes distribution far more spread out instead of being controlled by a small number of whales.
Posted using Partiko Android
Thank you for the recommendation, I surely check out out Telos and see if I can invest in it and also blog about it too!
Thanks for the info, I'm truly grateful :)
Warm regards!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by emmysteven from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
I gave you the referral code you asked for in my last posts comment .