What Is EOS :
EOS may be a blockchain technology essentially like Ethereum that has been dropped at life by Dan Larrimer. he's additionally the creator of Steem and BitShares. On June 26, 2017 the project starts its ICO.
Decentralised operating system:
EOS is comparable to a localized package, in observe this implies that developers will build applications on Greek deity. Owning Greek deity coins could be a claim on server resources. A developer must have Greek deity coins to use the Greek deity blockchain. Developers won't pay the coins to use the server resources, s/he simply have to be compelled to prove they hold them.
Overview - Table of Contents
What Is EOS?
Getting Started With Greek deity
How To Get associate degree Greek deity Wallet?
EOS Resources
How To purchase EOS?
How To Earn EOS?
What Is Greek deity Mining?
Latest Greek deity News
This package are hosted on servers (data centres) that reciprocally will be block producers. Block rewards in Greek deity area unit the inducement for these servers to host Greek deity applications.
The applications running on this localized OS are ready to communicate with one another, there'll even be measures to “firewall” applications.
Applciations use quite common functions like user/password, user interfaces, backend (database) management. this implies that applications will share frameworks or libraries that build development quicker, safer and fewer technical. for instance, applications can have their own secure information and file area on Greek deity.
EOS can enable developers to make blockchain applications with that finish users can simply act with. in all probability most users wouldn't even understand that they're going to act with one once exploitation Greek deity as this can be utterly clear to the users.
Etherum will a awfully poor job of constructing interacting with their blockchain a easy method.
EOS main competition Etherum, demands users to procure each group action. Greek deity won't do therefore. this can incerase adoption.
ERC20 like tokens will be created on Greek deity, this implies that ICOS will be hosted on this blockchain.
The ICO is one year long this could increase distribution, that ought to increase adoption.
200,000,000 200 million – distributed throughout a five day amount starting on Gregorian calendar month twenty six, 2017 at 13:00 universal time and ending on national holiday, 2017 at 12:59:59 universal time.
700,000,000 seven hundred million – split equally into 350 consecutive twenty three hour periods of two,000,000 Greek deity tokens every starting on national holiday, 2017 at 13:00:00 universal time.100,000,000 100 million – are reserved for block.one and can't be listed or transferred on the Ethereum network.
100,000,000 100 million – are reserved for block.one and can't be listed or transferred on the Ethereum network.
Challenges :
The current ICO market is incredibly agitated. To me, it feels slightly sort of a mania at now.
Ethereum has the primary mover advantage within the good contract area, lots of systems are designed on Ethereum and it's proved itself to be a billboard grade blockchain. it's not not possible for Ethereum to adopt a similar model. it's already getting to amendment from a POW to a POS.
There ar alternative competitors besides Etherum as an example, RChain, Rootstock/RSK, and Crown haven't nonetheless free their good contract / decentralized platform suite however once they are doing it can be cheaper and easier for developers to use these new platforms.
There ar alternative blockchains with good contract capability like BitShares and Graphene presently. These have restricted good contract capabilities at now however they may adapt their systems to the same model within the future.
Smart contracts are legible code instead of binaries. this might build maintaining proprietary good contract technical school confidential troublesome. < i'm doing more analysis on now.
Dan Larrimer includes a history of moving on to consequent issue, he did thus with Steem and Bitshares. this is often not essentially a foul issue, however if the temporal arrangement isn't right the project may suffer.
There is no cap on the number of cash being funded during this ICO. however can the surplus funds be managed? may this result in a hyper valuation? What happens once the tokens will be moved? Would short-run investors try and build a fast buck, sell and cause the costs to crash?