Review on EOS by Nguyen cuong

Name: EOS
Item: EOS
Rating: 4

August 28, 2018

EOS is noted to be a slightly controversial project due to its questionable…

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
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Pros

In a word, parallel processing helps bring continuous scalability and a strong foundation for an applications high performance. Existing single threaded capabilities force every application to share the capacity and performance of one single-threaded blockchain, create hard scaling limits, and eventually suffer from network congestion that may result in platform-wide downtime.

Cons

EOS can only process approximately 15 transactions per second. Although to be able to support more extensive social apps similar to that of Facebook (which handles 52,000 transactions per second) EOS’s speed would need to increase significantly. While the context of smart contracts has been arguably predicated within the realm of financial applications, even a platform such as Visa processes over 20,000 transactions per second, roughly 1,300 x the current capabilities of EOS