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Review on EOS by Luca Raven
EOS is a controversial project in the dapp arena with a proven team, lofty…
EOS is a controversial project in the dapp arena with a proven team, lofty vision, but questionable execution so far. The $4bln budget should be more than enough, though, for the project to accomplish all it’s set out to do. The next couple of years will be crucial for the platform to place a foothold in the dapp market.
Pros
- An application built on the EOS platform does not require micropayments by end users to send messages and perform tasks on the blockchain. This is left up to the individual app developers to determine how transactions fees (which are extremely low) will be paid, meaning companies are free to come up with their own monetization strategies and offer their users service for free or not.
Cons
- The actual EOS platform is still not functional so it is yet to be determined if the development team can deliver on the features they have promised. Delegated Proof of Stake is not a perfect solution. Coalitions can form. If 11 of the 21 delegates form a coalition the network could potentially be compromised.
