Review on EOS by john saymor
IOS Blockchain
The main goal of EOS is to create decentralized blockchain with very high processing speed and free (or very low fee) where it is possible to build smart contracts and therefore decentralized applications (dApps). Simply put, the long-term goal of IAS is to build a platform like an operating system in the world of cryptocurrencies that makes things very easy. The EOS blockchain is a network in which all of this is done, and the EOS token is the network's native digital currency used to perform transactions. Decentralized programs are the future of the Internet, and more than a thousand decentralized programs have already been built on other blockchains. Another goal of EOS is to provide a platform for processing millions of transactions per second. This can solve many problems. Other blockchains also support smart contracts, but none of them can process transactions so quickly. Another problem that EOS seeks to solve is usability.
Steem and BitShares platforms, for example, can process 100,000 transactions per second and use smart contract technology. But it's hard for developers to add functional features like account recovery and work planning on these platforms.
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Pros
- Free fee transactions
- Support for smart contracts and decentralized applications (dApps)
Cons
- The IAS project has come under fire for failing to raise $ 1 billion through its initial public offering (ICO) without providing a prototype of the main EOS network.
