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Review on EOS by Denim Jeany
EOS wants to bring the best of all other smart contract technologies to oneβ¦
EOS wants to bring the best of all other smart contract technologies to one platform. As such, it offers a blockchain architecture that aims to enable the development of decentralized applications. Developers can build, test and execute their projects on the operating system-esque EOS blockchain.
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Pros
- Ethereum and bitcoin use the proof-of-work (PoW) consensus mechanism to verify transactions. As a result, all miners need to validate a new transaction before it can be added to the ledger. This mechanism often results in the slowing down of the network and an increase in the time taken to process news transactions. In 2014, however, Dan Larimer pioneered the Delegated Proof of Stake (DPoS) consensus mechanism as a solution to this problem.
Cons
- Miners transaction fees
