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Review on EOS by Thompson Sunday

Revainrating 4 out of 5

EOS main competitor Etherum, demands users to pay for every transaction. EOS…

EOS main competitor Etherum, demands users to pay for every transaction. EOS will not do so. This will increase adoption. Eos is an Outstanding Dapp Ecosystem Platform. Once They have more ETH than ETH Foundation. Eos Whitepaper is clear so they still updating their Platform. One day Eos will hit the New price market. Wait for it



Pros
  • Pros: EOS is noted to be a slightly controversial project due to its questionable execution, one could be fair to state that with a 4 billion dollar budget, and a stellar team with credible experience within distributed ledger technology, the cumulative vision of EOSIO’s Community and key team are more than enough to make this one of the few perennial protocols of our time.Cons: Instead of checking the state of the network at a given time, the nodes check the series of events that have occurred so far to track the state of the network. The result is a system that takes longer to completely reconfirm the transaction history at restart, but that can handle a much higher bitrate of running transactions.Summary: EOS's vision is to build a platform for block-cached DApps that can handle thousands of transactions per second safely and smoothly, while providing an accessible experience for application developers, entrepreneurs and users. They aim to provide and supplement the operating system for decentralized, web-centric applications by providing services such as user authentication, cloud storage and server hosting.
Cons
  • EOS also introduces the ability to fix bugs and rollback changes with supermajority consensus, rather than requiring a hard-fork. This is due to EOS using delegated-proof-of-stake, whereby multiple witness-nodes are nominated by the network as representatives to make certain high-level decisions more quickly, without polling the entire network. Although this makes the blockchain somewhat less decentralized, it contributes to the ability of mainstream enterprises to adopt and interact with blockchain technology

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