Review on EOS by Oludunni Oluwafemi
High TPS and fast-finality consensus wallet.
EOS is a unique blockchain infrastructure which functions more like a software operating system. It is a scalable smart contracts platform which provide infrastructure for a new generation of decentralized applications (Dapps).
Eos distinguishes itself form ETHEREUM and other smart contracts through two deliberations, which are;
1 Governance
2 scalability
Due to the deployment of delegated proof-of-Stake consensus mechanism, this enables the network to reach roughly 4,000 transactions per second.
Pros
- Send and receive EOS easily with an EOS address or Scannable QR code.
- You can secure, manage, and exchange your EOS with the mobile security of face or fingerprint scanning.
- EOS offers free transactions.
Cons
- The system has a lot of competitors who already have real embodiment. In addition the main thing is the enthereum which is unlikely to give an advantage.
New products
Comments (2)
May 21, 2020
EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.
However, the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention.
May 14, 2020
EOS use proof of stake mechanisms and this why so many people love it. In addition it has a greater volume of transaction per minute, that is the number of data it can process with a seconds is voluminous.
