Review on EOS by Jesmin Akter

The EOS platform enables the development of decentralized applications in a public environment, which otherwise would not be feasible. Due to its design, which is based on Proof-of-Stake rather than the slower Proof-of-Work that most cryptocurrencies currently employ, scalability can be easily achieved with the help of EOS. After all, it is capable of supporting hundreds of commercial decentralized apps due to its capacity to support thousands of them. With each passing day, EOS gains more and further ground.



EOS is aiming to solve the scalability issues that have hampered early cryptocurrency pioneers such as Bitcoin and Ethereum, among other things, in order to provide a decentralized platform for hosting applications, creating smart contracts, and using blockchain technology for businesses. It will also eliminate the transaction fees that are now being charged. This will be achieved via the use of the consensus protocol's delegated proof-of-stake mechanism, as well as the use of multi-threading technology.



When compared to other cryptocurrencies, one feature that distinguishes EOS from the competition and makes it more beneficial to users is the fact that it does not charge any transaction fees. In comparison to other blockchain technologies, it is a decentralized platform that has the potential for much greater scalability. EOS has the potential to be much faster than both Ethereum and EOS in terms of transaction speeds and execution time than both Ethereum and EOS, despite the fact that they are both blockchain systems that can handle smart contracts. The requirement for an EOS IT infrastructure has been reduced as a result of the proliferation of decentralized apps. The value of the platform will rise in tandem with the growth in the number of businesses that begin to utilize the platform for decentralized apps.



It may also be used to enable decentralized applications to be implemented on a big scale, such as in the manufacturing industry. In place of the PoW mining method that is now in use by Ethereum, Delegated PoS mining will be used for EOS mining, which will be much quicker and less energy-intensive than traditional mining. In order to create applications for blockchains, developers are no longer need to use a particular programming language; instead, they may compile their applications in Web Assembly. EOS has a lot to offer that is appealing. It is the same as with any other cryptocurrency: choosing whether to purchase and hold is a decision that will need more thinking and consideration.