Why EOS?
You need to scale to legion users, however you can’t
If you're progressing to build some DApp (decentralized application), then what choices does one have today?
Corda and Hyperledger cloth area unit for personal networks solely and have restricted good contract support.
RChain, Rootstock/RSK, haven't nonetheless been discharged or not production-ready.
BitShares and Graphene have excellent turnout, however restricted good contracts capabilities.
Polkadot repo has not been updated within the last half-dozen month.
NXT, Waves, Lisk, Tezos, Tauchain (you name it…) don't seem to be competitors…
It appears that you just area unit left solely with Ethereum that encompasses a terribly unhealthy turnout and high dealing prices.
Why not try and mix the measurability of Graphene and therefore the power of Ethereum’s good contracts together? Etherum can migrate from Proof-of-work to Proof-of-stake (scheduled at the tip of 2017/beginning of 2018) therefore we've got a while to make a replacement rival.
2 months agone Dan Larrimer resigned from Steemit so as to (obviously) develop/promote his new tool. Welcome, the new Ethereum killer!
I created Steem with a team of two developers operating for three months
EOS = blockchain + bots
There’s not a lot of technical info out there presently. however eos.io isn't with regards to good contracts + high measurability. it's a totally totally different style and vision compared to Ethereum.
EOS uses Delegated Proof-of-Stake rather like Graphene will.
It uses Network information measure Allocation system to effectively share the blockchain.
It’s like sharing. It’s like owning AN instance on AN Amazon net service that you just will share
In eos the human-readable ASCII text file (the “bot”) is uploaded on to the blockchain. As we know, the Ethereum good contracts area unit binary knowledge instead.
If there’s a bug in your application — then community will freeze it and so deploy a fix. terribly interesting!
EOS is structured sort of a cluster of individuals and/or scripts (bots) that area unit exchanging messages between them. It may well be thought of as AN email system wherever each user or larva has AN account
The Account conjointly called the “Application” could be a personal JSON-formatted information simply accessible by any blockchain explorers.
All the communications between apps have self-describing interfaces, and declarative permission theme. this implies that you just got to describe what messages your app desires to receive and what it'll send (probably). It permits to firewall applications from one another however still permits them to speak.
Unlike e-mail, the recipient and any accounts derived on the message have the flexibility to reject the message within which case the message won't be delivered to them
EOS is intended to support communication not simply internally, however outwardly too. therefore it ought to be attainable to attach different blockchains to speak with them.
You can check what good contracts seem like in eos.io here — https://steemit.com/eos/@eosio/implementing-a-hypothetical-currency-application-on-eos. this text was revealed by Dan half-dozen days agone (16th of might, 2017).
Dan answers
Q1. however do good contracts add parallel?
Answer by Dan: “All the contracts area unit processed on identical chain, the messages area unit on the block chain, not the state. each single account operates like its own chain, and supports interoperation between all different accounts while not protection, therefore philosophical theory is preserved”
Q2. area unit there any blockchains love EOS?
Answer by Dan: “No, this is often AN progressive improvement on Steem and Bitshares. it's the final case to those special cases. It builds on over four years of continuous development and innovation from the Bitshare and Steem community”.
Q3. does one conceive to run Steemit on prime of EOS?
Answer by Dan: “EOS will support applications like Bitshares or Steem. however it’s wholly up to Steem team”.
Q4. What concerning eos.io token distribution?
Answer by Dan: “We can send this info later within the mailing list”.
Q5. What will eos.io stand for? Ethereum On Steroids?
Answer by Dan: “Hahaha, no”
Conclusion
Wow! nice product. Can’t wait to check and take a look at it. we have a tendency to area unit progressing to be among the primary eos.io app developers. By the way, eos.io emblem could be a geometric structure that forms a heart!
The only unhealthy factor is that they need Brock Pierce on board currently. i believe he's a junkie. Not sensible for the team. Sorry. Even the blockchain constitution won’t facilitate.
From the official eos.io wire channel:
“Now Brock Pierce is at the electro-acoustic transducer. He appears to a small degree decorated over from the party he hosted last night”.
Do you suppose eos is that the Ethereum killer?
p.s. we have a tendency to area unit presently building the “Microcompany Tokenization Platform” here — https://web.thetta.io
We need your facilitate. Become a section of our team/community (+bounties and +rewards) and deliver nice product beside us!