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Review on EOS by Mitchell Angus

Revainrating 4 out of 5

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Pros
  • Dan Larimer brings a lot of haters to the party but his vision of EOS is based on tons of practical experience building blockchains and apps that really works and are now processing the most transactions of any public blockchain per day, and being used by real people who know nothing about blockchains, cryptocurrency, or who "Satoshi Nakamoto" is. That in my books speaks volumes. The have assembled a big pile of cash from previous ventures, they have created a monstorous year long ICO that is raising more piles of money. That is controversial and is once again adding to the haters. However in spite of all that the team is building real software and early versions are processing 10,000 TPS on a single thread. This will scale up and out. It brings all the same benefits of STEEM with accounts with role specific keys. Sidechains. ZERO transaction fees. Waste-free dPOS (not PoW). Storage. Naming. Etc. etc. I have to ding them on product a because it isn't all out there yet and contracts still have to be written in a pretty low level language (web assembly). But other languages are coming and they are ahead of schedule. Ethereum may eventually achieve parity in many areas EOS is crushing it, but it will probably years away. In the mean time we will have a modern million TPS blockchain available this June. And haters be damned, EOS.IO have said they will give at least $1B of ICO funds back to bootstrap app development for it.
Cons
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