1 Level
5 Review
2 Karma
Review on EOS by Maddison Rule
EOS has all the attributes of a great project and the potential to rise to one…
EOS has all the attributes of a great project and the potential to rise to one of the top 3 blockchains in the world. The lessons brought forward from previous projects are a huge advantage over most blockchain projects.
It's hard to put a price on EOS before its blockchain is live and running in 2018. That said, however, EOS is a project every investor should be watching. If it lives up to its plans, it has a potential market cap of at least $20 billion.
Pros
- EOS is user-friendly account names and identifiers are in human readable form. Accounts are recoverable if a user loses a password. Users of decentralized applications do not pay any fees on the platform. EOS works like traditional websites on the user end. Access is free for users. Applications pay for bandwidth costs but, only when the network is congested. EOS tokens are used for bandwidth allocation. Therefore, developers and corporations running applications have to hold some amount of EOS. The tokens are useful in the event of network congestion.
Cons
- A lack of a governance model that led to the Bitcoin scaling deadlock and Ethereum DAO hard fork Reliance on mining which is wasteful regarding capital and electricity Users pay fees to interact with the platforms and applications Limited capacity at 30 and 9 transactions per second for Ethereum and Bitcoin respectively
