The Blockchain has attracted our attention as developers, investors and entrepreneurs. As an entrepreneur myself, I’m always looking for problems around me that I can solve or minimize with an innovative vision.
In theory, the Blockchain can solve a number of those problems. But, when we try to apply it to the real world, build some kind of product, a MVP, there’s always some kind of weakness: Bitcoin is not scalable, or easily programmable; Ethereum also does not scale, and its unpredictable transaction fee makes any Business Plan risky and volatile; Bitshares, on the other hand, are scalable and have predictable fees, however its smart contracts are based on templates: I cannot easily program a Dapp with this blockchain.
This is where EOS’s proposal comes to close an existing gap in any blockchain entrepreneur’s toolbox. If I understood it correctly, the fusion of Ethereum’s programmability with Bitshare’s Delegated Proof of Stake, aligned with computational resources - like access control and data center service and persistence - without the mandatory need of a transaction fee, seems to Blockchain’s “Promised Land”. An AWS organized as a turbinated DAO/DAC with a powerful blockchain.
If the team behind this didn’t have a history of other succesful projects, like Bitshares and Steemit, I would say EOS seemed too good to be true. But knowing what this team is capable of, all we have to do is believe and get involved as investors and entrepreneurs in this new member of the blockchain environment.
Bring it on! We want to know more about the behavior, personality and future of this new guy on the block: EOS.