Could EOS Be The Biggest Crypto On Earth? Top 5 Reasons Why

Steemit's Hero and Savior, Dan Larimer, to which steemit and by extent the community owe's its existence to, is working on building a smart contract platform called EOS. EOS is meant to be an Ethereum killer. That doesn't necessarily mean it's going to banish Ethereum out of existence, because it won't. But Ethereum will be long forgotten in a couple of years, just like Yahoo!

Reason #1

Eos has no Gas, unlike ethereum. This may not sound like such a big deal, but it actually is. The reason cryptos are only expanding at the pace they're expanding at even though people are getting shocking, life-changing returns in them is because it takes time. You really need someone to show you the ropes of how to store your coins, and the do and do-nots of the crypto space and security is perhaps the single greatest concern in the crypto world. Steem solves this with steem power and a time delay, which is crucial.

But steem could never be built on Ethereum, because every time you liked a post, you would need to make a mircopayment, or any time you commented as well. This is definitely not sustainable as a means of expanding at an as fast as humanly possible rate. Steemit has the ability to go mainstream, because the genius Larimer made Graphene, which is able to handle this many transactions per second. EOS will build Dapps (Decentralized Apps) that will all be able to have the same setup as steem.

Reason #2

Parallel Processing. At Intel, they spend billions of dollars a year researching, edging out an extra few percent in processing power linearly. At EOS, they're going to have parallel processing in order to support a mega amount of Dapps that should be the ones that go mainstream and change the world. Twitter-like dapps are being made, as well as a bunch of others. You can expect all these things to change the world by 2023-2027, according to Ray Kurzweil, a futurist at Google who's accurately been predicting the future since the 1980's. You can find a website with all his claims on www.future-timeline.net

Reason #3

Account Recovery and Simplicity of Use. Steemit was the first platform on earth where you could make money to blog using a crypto back-end and most people using the platform who weren't introduced to it from crypto, wouldn't even know they were using a cryptocurrency. And that's the way it should be. Account recovery is also essential. You can't expect the mainstream public who don't know anything about private keys and crypto to be able to secure their passwords or know anything about hash functions, so when their accounts eventually do get compromised, they need to be able to recover their accounts, and this is an all time first for crypto in steem.

Reason #4

Bug Flexibility. If there's a bug on any single Dapp, you don't need to hard fork the entire network. You can simply suspend the specific Dapp that has a bug in it while it's developers fix it and bring it back online as soon as it's fixed.

Reason #5

It solves the Governance problem, making it a Tezos killer too. When disputes do happen, and they will, there's a process to follow, and a constitution that everyone abides by in using the platform, and you don't have to worry about a specific Dapp located in a different country bringing you to their courts and having to fight them under a set of laws you've never heard of.

All in all, I think EOS is definitely going to be one of the best Investments of the next few years as most business go on the blockchain. Furthermore, with people anticipating the flippening happening, wherein Ethereum overtakes Bitcoin in market cap, I think it's safe to say that EOS, a bit futher down the line, will take Ether by storm.

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Dan Larimer the Elon Musk of Crypto? I think so.

For all this and more, I recommend just watching his EOS talk.