1 Level
12 Review
28 Karma
Review on EOS by DAT NGUYEN PHAT
EOS supports asynchronous smart contracts. They are cheaper to run, execute…
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. The overall impact of EOS design is a blockchain that scales without compromising security, speed, and throughput. It is highly scalable both horizontally and vertically.
Pros
- The EOS blockchain is part of a paradigm shift in designing scalable, user-friendly but still secure blockchain platforms. Its key selling point is the millions of transactions it can handle per second. At 1 million transactions per second, it can support corporations and enterprises. Existing public blockchain platforms have run into hurdles that require a rethink of how to construct a blockchain.
Cons
- EOS is built with prior experience from building Steemit and Bitshares since 2013. Steemit is a user-friendly content platform that runs on a blockchain and charges zero fees. Bitshares is a decentralized exchange processing 800,000 transactions per day, more than Bitcoin and Ethereum combined. The technology and lessons learned from both projects have informed the design of EOS.
