Review on EOS by Brigitte Vogt

Name: EOS
Item: EOS
Rating: 5

August 29, 2018

EOS is designed to address the failures of current existing blockchain…

EOS is designed to address the failures of current existing blockchain platforms. It supports smart contracts, introduces a governance model and drastically increases transactional throughput. The goal is to be user-friendly and support a decentralized application for developers and corporations.
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Pros

EOS supports asynchronous smart contracts. They are cheaper to run, execute faster and finalize in a shorter period. There are no fees for executing smart contracts, only an appropriate bandwidth allocation. There is no bloat when multiple smart contracts execute simultaneously.

Cons

Applications pay for bandwidth costs but, only when the network is congested. EOS tokens are used for bandwidth allocation. Therefore, developers and corporations running applications have to hold some amount of EOS. The tokens are useful in the event of network congestion.