Review on EOS by Jessa Santos
EOS Review
This is a smart contract platform for decentralized applications and protocols, which aims to solve speed, scalability, issues, flexibility and high fees issues that other crypto have. EOS blockchain protocol is the system architecture of the EOS (electro optical system token.
It is a decentralized system that enables the development of decentralized applications (dapps).
The EOS token is used to build and run dapps. It allows individuals create blockchain based apps to look like web based apps.
It is able to run thousands of dapps with ease because the authentication and execution process are performed differently
EOS tokens are also not being mined so it doesn't consumer much power hence incure little or no fee.
EOS started as an ERC20 token but later launched its own mainet. One billion tokens were distributed to ensure widespread access as ERC20 token by the developer.
Currently ranked 23 in top crypto, I strongly recommend it as a good long-term investment
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Pros
- It was designed to support decentralized applications
- Allows users create blockchain based apps to look like web base apps
- Claims to eliminate transaction fees and conduct millions of transactions per second
- Secure access and communication between dapps and the internet
Cons
- Unstable price
- Not meant for spending
