Author- @crypto_labb

DESCRIPTION AND ANALYSIS

EOS is considered a fundamentally new cryptocurrency, which is designed specifically to support various decentralized programs and applications. In the EOS algorithm, support for asymmetric communication and parallel processing is planned to fully ensure the smooth running of multimillion transactions per second, and this is already a real breakthrough in the world of blockchain. For example, for the time being it is a long time to make transfers that is one of the most significant shortcomings of the world-famous Bitcoin.

The EOS would be announced in late May 2017 at a special blockchain conference Consencus, which was held in New York. And one of the main ideological inspirers of the system is the well-known in the cryptocurrency community, Daniel Larimer, who took an active part in the development of Bit Shares and Stemit.

During his speech, Larimer argued that it was the blocker that could become a true mainstream technology, but only when the really huge volumes of operations and the traffic itself, which are going on in real business applications, are involved. For example, credit networks need to produce about 62,400 operations per second. Facebook is constantly processing about 54,800 likes in a second, not counting numerous posts, messages and other activities. The entire financial industry creates at least 120,500 different operations in one second in any of the markets.

In contrast, Bitcoin is currently very limited to about three transactions per second due to the small size of its block, Ethereum limits are approximately 30 operations per second, and for Waves, there are already 1000 transactions for the same time. The EOS platform is a special block-architecture that can scale up to several million operations in 1 second without any commissions from users and with the ability to easily and quickly deploy various applications.

ТЕАМ

The platform was created by the team Block.one.

SOCIAL MEDIA

http://github.com/eosio

https://steemit.com/trending/eos

https://eos.io/chat/

http://twitter.com/eos_io

https://www.facebook.com/eosblockchain

https://medium.com/eosio

SUMMARY

EOS.IO is software that represents a blockchain library architecture specifically designed for vertical and horizontal scaling of decentralized applications. This software provides access to accounts, authentication tools, databases, asynchronous communication and application scheduling on several CPU cores or clusters.

As a result, we get a blockchain architecture that can scale to millions of transactions per second, excludes fees and provides the ability to quickly and easily run decentralized applications.

In conclusion, we can say that EOS is a very interesting and multifunctional platform. Recently, we all see that Bitfinex will cooperate with them, that all skeptics are will close their mouths (the project had a significant flaw — the absence of serious partners, but now we see a trend that we believe will only increase)

Buy below 6$ (correction of Bitcoin not finished)