Review on EOS by Olukayode Oyelami
Objective of EOS
The EOS project was launched by Dan Larimer and Block One CEO Brendan Blumer in June 2018it aims to become a decentralized computing platform that focused on creating an ecosystem of decentralized applications. This project is nearly a billion tokkens in cieculation, it raised $4 billion in it's ICO.
It focused on building comprehensive tools for Enterprise development that will allow decentralized technology without worrying about security and performance based on the interplanetary file system (IPFS) the storage feature would allow anyone to access data stored on the network via a web browser
Pros
- EOS differs from Ethereum in that it operates on a delegated proof of stake consensus protocol
- The token itself is used in on chain governance and users can use this to vote for EOS'21 block producers ,who earn tokens for validating transactions.
- EOS has a strict focused on building comprehensive tools for Enterprise development
- It is secured, stable and good performance
Cons
- Nothing to say about the negative side
New products
Comments (2)
May 06, 2020
Eos is a platform that supports dApps and smart contracts, it has a comprehensive ecosystem. Its volume is currently one of the largest in terms of the market. In my view, a currency that still has a lot to grow and that is a direct competitor to Ethereum in terms of functionality.
April 30, 2020
The token itself was use in on chain gorvernance and user can use it to vote for EOS21 block producers, who earn for validating transaction, eos has a strict focused on building comprehensive tools for enterpris development
