EOS s a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.
The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum) in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy.
So what exactly is the team behind EOS trying to accomplish?
Their website claims it’s “the most powerful infrastructure for decentralized applications.”
Basically, EOS is (or, rather, will be) a blockchain technology much like Ethereum. They plan to create their own blockchain with a long list of impressive features. Some are even calling EOS the “Ethereum killer.”
How EOS Works
The EOS vision is to build a blockchain dapp platform that can securely and smoothly scale to thousands of transactions per second, all while providing an accessible experience to app developers, entrepreneurs and users. They aim to provide and complete operating system for decentralized applications focused on the web by providing services like user authentication, cloud storage, and server hosting
The EOS Vision
EOS has big plans.
It will be a software that will act as a decentralized operating system. Developers can then build applications on the EOS software. It will be highly scalable, flexible, and usable.
he most notable feature that everyone is getting excited about is horizontal scalability — what this means is the EOS blockchain will be able to allow parallel execution of smart contracts and simultaneous processing of transactions. This could be a game changer because this would really set EOS apart from all other platforms currently out there that can’t do this — and never will be able to do this — without a complete rebuild.
EOS will incorporate the delegated proof-of-stake (DPoS) consensus protocol, created by founder Dan Larimer himself. This system is less centralized, uses far less energy, and is incredibly fast — as in, up to millions-of-transactions-per-second fast.
The EOS Team
EOS was launched by block.one, a developer of blockchain technologies for businesses.
The CTO is Dan Larimer, a very familiar face in the cryptocurrency world. Larimer launched the decentralized exchange Bitshares, as well as Steem, a social media platform built on top of blockchain technology.
Brock Pierce, who created the first ICO token, Mastercoin (now known as Omni), is a partner.
Ian Grigg is a partner as well as the financial cryptographer.
Conclusion
EOS is an exciting project in the dapp arena, with a proven team, a lofty vision and game-changing features on the roadmap. Keep an eye out for the stable release sometime Spring 2018, stay up to date through their social media accounts, and pick up some tokens via their token sale website or from an exchange if you believe in the technology and growth!